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Category: Economy

Deadly quake damages Türkiye’s energy infrastructure, major port
Economy

Deadly quake damages Türkiye’s energy infrastructure, major port

February 6, 2023February 6, 2023

A significant earthquake that rocked southeastern Türkiye early Monday inflicted extreme injury to the nation’s power infrastructure, Energy and Natural Resources Minister Fatih Dönmez stated.

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Deadly quake damages Türkiye’s energy infrastructure, major port
Economy

Türkiye’s energy infrastructure, major port damaged after quake

February 6, 2023

A serious earthquake that rocked southeastern Türkiye early Monday inflicted extreme harm to the nation’s vitality infrastructure, Energy and Natural Resources Minister Fatih Dönmez stated.

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PayPal Is Lay Off Seven Percent Of Its Employees | TR Daily News
Economy

PayPal Is Lay Off Seven Percent Of Its Employees | TR Daily News

February 6, 2023

In view of the troublesome financial atmosphere, the net cost service PayPal desires to do away with round seven % of its workers – round

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Final countdown starts for state-of-the-art Istanbul Finance Center
Economy

Final countdown starts for state-of-the-art Istanbul Finance Center

January 26, 2023

Türkiye is nearing the completion of an enormous business district that may boast nearly the entire nation’s most outstanding establishments and guarantees to put the

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Turkish central bank maintains year-end inflation forecast at 22.3%
Economy

Turkish central bank maintains year-end inflation forecast at 22.3%

January 26, 2023January 26, 2023

The Central Bank of the Republic of Türkiye (CBRT) Thursday saved the nation’s year-end inflation forecasts for each 2023 and 2024. Consumer costs are projected

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US economy logs 2.9% growth in Q4 but rolling downturn looms
Economy

US economy logs 2.9% growth in Q4 but rolling downturn looms

January 26, 2023

The U.S. financial system expanded at a faster-than-expected clip within the final quarter of 2022, pushed by a strong tempo of spending, but momentum had

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Türkiye EBRD’s largest market in 2022 with .7B annual investment
Economy

Türkiye EBRD’s largest market in 2022 with $1.7B annual investment

January 26, 2023January 26, 2023

The European Bank for Reconstruction and Development (EBRD) invested 1.63 billion euros ($1.7 billion) in Türkiye in 2022, the best quantity of annual funding in

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US economy logs 2.9% growth in Q4 but rolling downturn looms
Economy

US logs 2.9% growth in 4th quarter, outlook darkening

January 26, 2023January 26, 2023

U.S. gross home product (GDP) rose at an annual price of two.9% within the fourth quarter, as customers boosted spending on items, however momentum seems

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US economy logs 2.9% growth in Q4 but rolling downturn looms
Economy

US economy likely to post strong growth for Q4, outlook darkening

January 26, 2023

The U.S. financial system seemingly maintained a powerful tempo of development within the fourth quarter as shoppers boosted spending on items, however momentum seems to

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Top Turkish steelmaker inks co-op deal with UAE’s AD Ports Group
Economy

Top Turkish steelmaker inks co-op deal with UAE’s AD Ports Group

January 25, 2023

Tosyalı Holding on Wednesday stated it signed an settlement with Abu Dhabi Ports Group that, amongst others, foresees potential joint investments in new port services

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