Articles by Editor

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

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