• Fitch Ratings upgrades Turkish banks’ outlooks

    Credit ratings agency Fitch has upgraded the outlooks of 20 Turkish banks to stable from negative. The move follows a similar upgrade of the outlook on Turkey’s long-term issuer default ratings to stable from negative on Nov. 1, Fitch said in a statement on Tuesday. Fitch also affirmed the ratings of those banks’ financial subsidiaries driven by institutional support, while revising their outlooks to stable. “The actions reflect reduced downside risks to the sovereign’s ability Read More

  • New mega-Istanbul airport hosts 5.2M passengers in May

    The new mega-Istanbul Airport hosted 5.2 million passengers in May, a 10.5% increase compared to the first quarter of this year. The airport welcomed 4.7 million passengers and 29,492 planes in the January-April period. The total number of flights increased by 21% compared to the first quarter of this year. The airport hosted nearly 10 million passengers in the first five months of the year. Nearly 75% of total passengers – over 7.4 million — Read More

  • Turkey first NATO member to sign for S-400s: Tech chief

    Russia ‘ready to cooperate’ if Turkey wants to buy Su-57 fighter jets, says Head of Russian state-run tech corporation Turkey is the first NATO country to sign a contract for the Russian S-400 missile defense system, the head of a Russian state-owned umbrella company for export-oriented defense and civilian industries said on Thursday.  Despite unprecedented pressure regarding the S-400 deal, Turkey continues holding a very direct and consistent position regarding implementation of all the contract Read More

  • One Turkish club to advance to EuroLeague Final

    Semifinal match to be played between two clubs from Turkey for first time ever, following Anadolu Efes win For the first time in history, two Turkish clubs will play against each other in a Turkish Airlines EuroLeague basketball tournament Final Four match, guaranteeing a spot in the final match for a Turkish team. Turkey’s Anadolu Efes defeated Spain’s Barcelona Lassa 80-71 on Wednesday, advancing the club to the Final Four for the first time since Read More

  • Turkish jets hit PKK terror targets in northern Iraq

    Turkish airstrikes on Friday hit PKK terrorist targets in northern Iraq, according to the National Defense Ministry The Turkish jets destroyed weapon positions, shelters, and ammunition depots used by PKK terrorists in the Metina region, the ministry said in a statement. In its more than 30-year terror campaign against Turkey, the PKK — listed as a terrorist organization by Turkey, the U.S. and the EU — has been responsible for the deaths of nearly 40,000 Read More

  • Coups, military intervention not the answer: Turkey

    ‘Problems can be solved with dialogue, cooperation,’ says Foreign Minister Mevlut Cavusoglu on ongoing crisis in Venezuela The crisis in Venezuela can be solved through talking and working together, not sending in troops or overthrowing the government, Turkey’s foreign minister said on Thursday.  “Turkey is opposed to military intervention and coups. Problems can be solved through dialogue and cooperation,” Mevlut Cavusoglu told a joint news conference with his Paraguayan counterpart Luis Alberto Castiglioni in Turkey’s Read More

  • Turkey’s location ‘biggest advantage’ for Indian investors

    Indian firms should consider Turkey as base for Commonwealth of Independent States, Middle East, says head of business body It is a right time for Indian companies to invest in Turkey, said head of an Indian business body. “[Turkey’s] location is the biggest advantage [for investors]. We also have currency advantage,” Manpreet Singh, the president of the Indian Chamber of International Business, told Anadolu Agency. Highlighting Turkey’s geographical location, Singh said Indian companies should consider Read More

  • Turkish police seize ancient manuscript from smugglers

    Turkish police recovered an ancient leather manuscript from suspected antiquities traffickers in a central province, security sources said on Tuesday. The manuscript — thought to be stolen from a Syrian museum — were seized in Kirsehir. Acting on a tip, police squads stopped a suspected car with an Istanbul license plate on Ankara-Kayseri highway near Kaman district of Kirsehir. They found the manuscript hidden in a rug near the car seat, said the sources, who Read More

  • Young techies spurred to enter Istanbul fest contests

    Applications now accepted at www.teknofestistanbul.org through end of February This year Teknofest Istanbul, Turkey’s largest aerospace and technology festival, is set to honor tech-minded young people in its exciting competitions, but hopefuls should apply now. In its second edition this year, the festival will give away over 2 million Turkish liras ($376,000) in prize money for young technology talents. Winning teams will be awarded in a number of categories such as artificial intelligence, robotics, rocket Read More

  • From Antarctica, Turkish scientist fetches 3 meteorites

    Studying precious space rocks will teach us more about solar system, says Antarctic researcher Mehmet Yesiltas Three meteorites found in the frozen wasteland of Antarctica should advance our knowledge of the solar system, according to the Turkish scientist who collected the rocks. “Along with the work I did in eastern Antarctica during this expedition, I feel happiness and pride at taking three meteorites that I found during my research on the plateau here back home Read More

Fitch Ratings upgrades Turkish banks’ outlooks

12 November 2019 0

Credit ratings agency Fitch has upgraded the outlooks of 20 Turkish banks to stable from negative. The move follows a similar upgrade of the outlook on Turkey’s long-term issuer default ratings to stable from negative on Nov. 1, Fitch said in a statement on Tuesday. Fitch also affirmed the ratings of those banks’ financial subsidiaries driven by institutional support, while revising their outlooks to stable. “The actions reflect reduced downside risks to the sovereign’s ability Read More

New mega-Istanbul airport hosts 5.2M passengers in May

7 June 2019 0

The new mega-Istanbul Airport hosted 5.2 million passengers in May, a 10.5% increase compared to the first quarter of this year. The airport welcomed 4.7 million passengers and 29,492 planes in the January-April period. The total number of flights increased by 21% compared to the first quarter of this year. The airport hosted nearly 10 million passengers in the first five months of the year. Nearly 75% of total passengers – over 7.4 million — Read More

Turkey first NATO member to sign for S-400s: Tech chief

3 May 2019 0

Russia ‘ready to cooperate’ if Turkey wants to buy Su-57 fighter jets, says Head of Russian state-run tech corporation Turkey is the first NATO country to sign a contract for the Russian S-400 missile defense system, the head of a Russian state-owned umbrella company for export-oriented defense and civilian industries said on Thursday.  Despite unprecedented pressure regarding the S-400 deal, Turkey continues holding a very direct and consistent position regarding implementation of all the contract Read More

One Turkish club to advance to EuroLeague Final

3 May 2019 0

Semifinal match to be played between two clubs from Turkey for first time ever, following Anadolu Efes win For the first time in history, two Turkish clubs will play against each other in a Turkish Airlines EuroLeague basketball tournament Final Four match, guaranteeing a spot in the final match for a Turkish team. Turkey’s Anadolu Efes defeated Spain’s Barcelona Lassa 80-71 on Wednesday, advancing the club to the Final Four for the first time since Read More

Turkish jets hit PKK terror targets in northern Iraq

3 May 2019 0

Turkish airstrikes on Friday hit PKK terrorist targets in northern Iraq, according to the National Defense Ministry The Turkish jets destroyed weapon positions, shelters, and ammunition depots used by PKK terrorists in the Metina region, the ministry said in a statement. In its more than 30-year terror campaign against Turkey, the PKK — listed as a terrorist organization by Turkey, the U.S. and the EU — has been responsible for the deaths of nearly 40,000 Read More

Coups, military intervention not the answer: Turkey

2 May 2019 0

‘Problems can be solved with dialogue, cooperation,’ says Foreign Minister Mevlut Cavusoglu on ongoing crisis in Venezuela The crisis in Venezuela can be solved through talking and working together, not sending in troops or overthrowing the government, Turkey’s foreign minister said on Thursday.  “Turkey is opposed to military intervention and coups. Problems can be solved through dialogue and cooperation,” Mevlut Cavusoglu told a joint news conference with his Paraguayan counterpart Luis Alberto Castiglioni in Turkey’s Read More

Turkey’s location ‘biggest advantage’ for Indian investors

26 March 2019 0

Indian firms should consider Turkey as base for Commonwealth of Independent States, Middle East, says head of business body It is a right time for Indian companies to invest in Turkey, said head of an Indian business body. “[Turkey’s] location is the biggest advantage [for investors]. We also have currency advantage,” Manpreet Singh, the president of the Indian Chamber of International Business, told Anadolu Agency. Highlighting Turkey’s geographical location, Singh said Indian companies should consider Read More

Turkish police seize ancient manuscript from smugglers

12 March 2019 0

Turkish police recovered an ancient leather manuscript from suspected antiquities traffickers in a central province, security sources said on Tuesday. The manuscript — thought to be stolen from a Syrian museum — were seized in Kirsehir. Acting on a tip, police squads stopped a suspected car with an Istanbul license plate on Ankara-Kayseri highway near Kaman district of Kirsehir. They found the manuscript hidden in a rug near the car seat, said the sources, who Read More

 

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