The number of passengers passing through Turkish airports surged by 7.4 percent year-on-year in the first seven months of 2017, the country’s airport authority said on Monday. More than 105 million people traveled through airports in Turkey between January and July, up from 97.9 million in the same period last year, according to the General […]

The Borsa Istanbul stock exchange opened 559.78 points up on Monday to reach 109,105.09 points, its highest ever value. The BIST 100 jumped 0.52 percent to record its peak since opening in April 2013 — the latest of several record highs this year. The banking and holding sectors rose 0.62 percent and 0.42 percent respectively […]

798,000 tons of plastic products exported in the first half of 2017 Turkey exported $2.08 billion worth of plastic products in the first six months of the year, marking a 1.8 percent increase compared to the same period last year, according to the Turkish Plastics Industry Foundation (PAGEV) on Thursday. During the first half of […]

Foreign trade volume increases by 38.97 percent to reach $34.076 billion in July Turkey’s exports in July tallied $12.6 billion while the imports for the same month reached $21.4 billion, according to Ministry of Customs and Trade’s data bulletin on Wednesday. Exports in July increased by 28.69 percent and imports saw a 45.84-percent rise compared […]

Tourism Ministry figures show 14 percent rise in first 6 months of 2017 The number of foreigners visiting Turkey in the first half of 2017 increased by more than 14 percent on the same period last year, the Tourism Ministry said Tuesday. The figures showed 12.25 million foreign visitors entered from January to June, compared […]

Turkey’s revenue from tourism totals $5.4B from April to June, TurkStat says Turkey’s tourism income rose year-on-year in the second quarter of 2017, Turkish Statistical Institute (TurkStat) said Monday. Turkey earned more than $5.4 billion from April to June, up by almost 9 percent compared to the same period last year, according to the data. […]

The confidence in Turkey’s economy hit its highest level since November 2013, according to official data released on Friday, underscoring the economy’s resilience following last year’s July 15 defeated coup attempt. The economic confidence index increased by 4.5 percent to 103.4 points in July, up from 98.9 points in June, the Turkish Statistical Institute said […]

Three Turkish defense firms made this year’s list of the world’s top 100 defense firms, with two climbing up the ranking, and a third making its debut. Turkish giant Aselsan rose one spot to number 57 on Defense News magazine’s Top 100 list, and Turkish Aerospace Industries is close behind, at number 61, leapfrogging 11 […]

Government spent around $2.5B on research and development, an increase of 21.6 percent year-on-year in 2016 The government’s spending on research and development increased by 21.6 percent year-on-year to 7.5 billion Turkish liras (around $2.5 billion) in 2016, according to the Turkish Statistical Institute (TurkStat) on Wednesday. “The central government’s budget expenditure on research and […]

Economic growth forecast to average 4.3 percent between 2017 and 2019 Fitch Ratings on Friday maintained its ‘BB+’ rating for Turkey with a stable outlook. The country’s credit rating is a balance of “high external financing vulnerabilities” with “a long commitment to fiscal stability and strong growth performance,” the ratings agecny said in a statement. […]