Michael Harris, managing director and head of Turkey product at Renaissance Capital, explains the political turmoil surrounding President Recep Tayyip Erdogan, in Turkey. » Read More
ISTANBUL, Oct 9- Turkey's economy is expected to grow 3.2 percent this year, below a previous forecast of 4 percent, before growing 4 percent next year, Deputy Prime Minister Ali Babacan said on Tuesday. Announcing the government's medium-term programme for 2012-2015, Babacan said the government maintained its growth forecast of 5 percent for 2014 and 2015..
ANKARA, Oct 9- Turkey's privatisation revenues were expected to be 4 billion lira in 2013, Turkish Finance Minister Mehmet Simsek said on Tuesday in announcing the government's medium-term economic programme. ï¿ ½ Energy imports were seen rising to $65.4 billion in 2015 from $59.1 billion in 2012..
ISTANBUL, Oct 9- Turkey's economy is expected to grow 3.2 percent this year, below a previous forecast of 4 percent, before growing 4 percent next year, Deputy Prime Minister Ali Babacan said on Tuesday. COMMENTARY TIMOTHY ASH, HEAD OF EM, STANDARD BANK.
ISTANBUL, Oct 9- The Turkish government announced its 2012-2015 Medium Term Programme on Tuesday, which forecasts gross domestic product growth of 3.2 percent this year and 4 percent in 2013..
The National Broadcasting and Telecommunications Commission will hold the much-delayed auction on Oct. 16. Market leader Advanced Info Service, 21 percent owned by Singapore Telecommunications Ltd, will bid through wholly owned unit Advanced Wireless Network Co. Ltd..
ANKARA, Oct 9- Turkey's government revised down its growth forecasts for this year and next on Tuesday but stuck to its expectation that the economy would expand at 5 percent in 2014..
ISTANBUL, Oct 9- Turkey expects its budget deficit to widen from 33.47 billion lira this year to 34.31 billion lira by 2015, the government's medium-term programme showed on Tuesday.
ANKARA, Oct 9- Turkey's budget deficit is expected to fall to 1.8 percent of GDP by 2015 from 2.3 percent this year, Deputy Prime Minister Ali Babacan said on Tuesday, unveiling the government's medium-term economic programme.
ANKARA, Oct 9- Turkey expects its exports to grow to $187.1 billion by 2015 from $149.5 billion this year, Deputy Prime Minister Ali Babacan said on Tuesday, announcing the government's medium-term programme for 2012-2015..
LONDON, Oct 9- A warning about the global growth from the IMF sent European shares lower for a second day on Tuesday despite a move by China to support its flagging economy, while escalating tensions between Turkey and Syria in the Middle East sent oil higher.
ISTANBUL, Oct 9- The Turkish government expects the current account deficit to falling from 7.3 percent of GDP this year to 7.1 percent in 2013, 6.9 percent in 2014 and 6.5 percent in 2015, Deputy Prime Minister Ali Babacan said, unveiling the government's medium-term economic programme on Tuesday.
ANKARA, Oct 9- Turkey's economy is expected to grow 3.2 percent this year, below a previous forecast of 4 percent, before growing 4 percent next year, Deputy Prime Minister Ali Babacan said on Tuesday.
ISTANBUL, Oct 9- Turkish assets were steady on Tuesday as investors awaited the announcement of the government's medium-term programme, expected to include its forecasts for the next three years for everything from unemployment to tourism revenues.
ISTANBUL, Oct 9- Turkish industrial production fell 1.5 percent year-on-year in August, data from the Turkish Statistics Institute showed on Tuesday, below a Reuters poll forecast for 2.5 percent growth.
Turkish President Abdullah Gul said on Monday that the worst case scenarios between his country and Syria are now playing out, fuelling concerns that the 18- month old conflict in Syria may spread to other countries in the region.
SOFIA, Oct 9- These are some of the main stories in Bulgarian newspapers on Tuesday. -Prime Minister Boiko Borisov call on Nabucco Committee to support financially Bulgaria if it wants the interconnection between Bulgaria and Turkey to be constructed before 2018.
MOSCOW, Oct 9- Here are events and news stories that could move Russian markets on Tuesday. MOSCOW- Russian Prime Minister Dmitry Medvedev will meet his Iraqi counterpart Nuri al-Maliki. MOSCOW- Russia's second-biggest mobile phone operator MegaFon is expected to start pre-marketing its London initial public offering.
Oil prices appeared set for a modest rebound Tuesday after three days of losses, rising nearer to $90 a barrel on supply concerns due to the Syrian conflict and delays in shipments of North Sea oil. By early afternoon in Europe, benchmark crude for November delivery was up 50 cents to $89.83 a barrel in electronic trading on the New York Mercantile Exchange.
The state Statistics Institute releases data on August's industrial output at 0700 GMT. Turkey's biggest listed won approval for a 10- year debt issue for foreign investors, according to a filing late on Monday to the stock exchange. Barclay's starts Isbank, Akbank and Garanti, Turkey's three biggest lenders, with an "overweight" rating, according to a report.
PARIS, Oct 9- European stocks are set to inch higher on Tuesday, halting the previous session's sell-off as expectations mount of further stimulus measures from China, although gains could be limited by broad worries over global growth and on whether or not Spain will request a bailout. ,for Germany's DAX and for France's CAC were up 0.2-0.5 percent.