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 Central bank sells $350 mln in forex auction
Faced with year-to-date lira losses of almost 20 percent to the dollar and rising inflation, the central bank this week mounted its most aggressive defence of the currency yet, selling a record $1.1 billion (715,000 pounds) on Wednesday and Thursday and making changes to banks´ reserve requirements. |
 Turkey´s exports surpass 100 bln USD as of October 3, says Economy Minister
Turkish Economy Minister Zafer Caglayan said Tuesday that Turkey´s exports surpassed 100 billion USD as of October 3. |
 Turkey, US to turn Istanbul to finance hub
Turkey and the United States have agreed to turn Istanbul into a global finance hub with the latter providing technical infrastructure, a Turkish official said Monday. |
 Turkey takes top spot in gold production
With 17 tons, Turkey is now the number one gold producer in Europe. |
 Bank governor, top boss confident on Turkish lira
Any depreciation in the Turkish Lira that would occur from now on will be temporary and the currency will regain relative value against other currencies within a year, Turkey’s Central Bank Gov. Erdem Başçı said Saturday. |
 Turks to compete for the ‘Oscar’ of automobiles
The new Ford Focus, designed by Murat Güler and the electric Fluence Z.E., produced at the Bursa Oyak Renault facility, will be competing to be selected as car of the year. |
 Do not unfasten your seatbelts, governor says
Turkey’s economy made its descent from rapid growth rates through a soft landing, the Central Bank Governor Erdem Başçı says. He however warns the ‘caution lights are still on, do not unfasten your belts’ |
 Istanbul to host D-8 industry ministers meeting
Istanbul will host the meeting of industry ministers of D-8 member states on Tuesday. |
 Turkey ups household power prices by 9.57%
Turkey will raise household electricity prices by 9.57 percent and industrial electricity prices by 9.26 percent starting from Oct. 1, the Turkish energy regulator (EPDK) said in a statement on Thursday. |
 A.M. Best Affirms Ratings of Milli Reasurans Turk Anonim Sirketi
LONDON, Sep 20, 2011 (BUSINESS WIRE) -- A.M. Best Europe -- Rating Services Limited has affirmed the financial strength rating of B++ (Good) and the issuer credit rating of "bbb" of Milli Reasurans Turk Anonim Sirketi (Milli Re) (Turkey). The outlook for both ratings remains stable. |
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