Shocking estimates announced by the World Bank for the value of the initial losses as a result of the major earthquake that struck southern Turkey. It expected that the cost of reconstruction would exceed twice the value of the losses. So what are these estimates in numbers? Part of the devastation left by the February … Read more
Ankara (Archyde.com) Yesterday, official data showed that the Turkish economy grew by 3.9 percent in the third quarter on an annual basis, a rate slightly lower than expected and slower than it achieved earlier in the year, as internal and external demand was affected by high inflation and the global slowdown.According to the data of … Read more
In front of a crowd in Turkey’s western Balikesir province, the Turkish president pledges to cut interest rates every month as long as Fei is in power. Turkish President Recep Tayyip Erdogan (archive) Turkish President Recep Tayyip Erdogan vowed that the central bank would continue to cut interest rates every month as long as he … Read more