Turkish central bank plans to simplify monetary policy

9 January 2016 0

Simplification of Turkey’s interest-rate structure may start at the next monetary policy meeting in January, Erdem Basci, governor of the Central Bank of the Republic of Turkey said on Thursday. Speaking at a presentation to the parliament’s Planning and Budget Commission, Basci said: “With the start of normalization of global monetary policy, it is possible that volatility in financial markets may moderate. Should this occur, the simplification of Turkey’s monetary policy may begin at the Read More

Arda Turan on cloud nine over Barcelona debut

8 January 2016 0

 Spanish football giants Barcelona’s Turkish midfielder Arda Turan expressed his excitement about playing for “Barca” for the first time in his statement to Catalunya Radio on Thursday. “I am living my dream at Barcelona. Just imagine, you are playing with Messi on the same pitch. Nothing is more important than this,” Arda said. Making his debut for Barcelona in Copa del Rey (Spanish King’s Cup) Round of 16 first leg against city rivals Espanyol on Jan. 6, Turan said he was very happy Read More

Syria agrees to allow aid into besieged Madaya town: UN

8 January 2016 0

The Syrian regime has agreed to allow aid into besieged Madaya town where residents are reportedly starving to death, the UN said in Geneva on Thursday. Apart from providing aid to Madaya in the coming days, the UN will also provide assistance to two towns, Foah and Kefraya, in the Syrian province of Idlib which are besieged by rebel groups, it added. “We are particularly concerned about the plight of nearly 400,000 people besieged by parties Read More

Football: Galatasaray sign Donk in 2.5 million euro deal

8 January 2016 0

Turkey’s Galatasaray signed Dutch footballer Ryan Donk from fellow Istanbul club Kasimpasa in a 2.5 million euro ($2.69 million) deal on Tuesday, according to a club statement. The defensive midfielder, 29, was secured on a two-and-a-half year contract that will earn him 1.5 million euros a season as well as 15,000 euros for every match he plays. Donk, who signed for Kasimpasa in July 2013, told Galatasaray’s TV channel he had been thinking of playing for the club Read More

Turkey: auto production, exports soar in 2015

8 January 2016 0

Turkey broke an all-time automobile production and exports record last year, Automotive Industrialists’ Association (OSD) head Kudret Onen said in a statement on Thursday. Onen said the country’s automobile producers manufactured 1.4 million cars in 2015, an increase of 16 percent from 2014. The OSD’s figures include automobiles, light commercial vehicle and tractor figures. Onen said that the sector’s exports increased by 12 percent last year compared with the previous year to 992,000 vehicles. He added that the sector exported 73 percent of its Read More

Turkey summons Iran’s ambassador over Erdogan broadcast

8 January 2016 0

Turkey has summoned Iran’s ambassador to Ankara over the controversy created by some Iranian media outlets on Erdogan’s recent visit to Saudi Arabia. Turkish Ministry of Foreign Affairs said in a statement Thursday the Iranian ambassador was summoned to the office over Iranian media broadcast that linked Erdogan’s visit to Saudi Arabia with the executions of 47 people there. The statement condemned the stories run by the Iranian media and the accusations against Erdogan, and Read More

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