Industry

Turkey’s Central Bank raises interest rates by 200 bps

September 24, 2020

Turkey’s Central Bank on Thursday raised its one-week repo rate – also known as the bank’s policy rate – by 200 basis points.   The bank’s policy rate increased to 10.25% from 8.25%.   The decision was announced in a statement following the bank’s eighth Monetary Policy Committee (MCP) meeting this year.   In the […]

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Turkey’s Antalya Film Festival goes partly online

September 24, 2020

Some events of the 57th Antalya Film Festival will take place online due to the novel coronavirus, the organizers announced Thursday.   “The excitement of the festival experience will spread across Turkey through online events,” a statement read.   “In a unique collaboration to this year, the Antalya Golden Orange Film Festival has partnered with […]

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‘Bond buying in emerging markets lower than expected’

September 24, 2020

Central banks of many emerging markets (EM) began quantitative easing (QE) at the height of the COVID-19 crisis but this remained at lower levels than anticipated, according to a recent report by the Institute of International Finance (IIF).   The report showed that many emerging markets have accessed international bond markets at longer maturities and […]

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UPDATE – Turkey’s Central Bank raises interest rates by 200 bps

September 24, 2020

Turkey’s Central Bank on Thursday raised its one-week repo rate – also known as the bank’s policy rate – by 200 basis points.   The bank’s policy rate rose from 8.25% to 10.25% to restore the disinflation process and support price stability, said the bank.   The decision was announced in a statement following the […]

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Turkey: Bosphorus Film Festival reveals lineup

September 24, 2020

The 8th Bosphorus Film Festival in Turkey’s metropolitan city of Istanbul announced the films that will vie for the Best Film Award on Thursday.   A total of 10 movies will compete for Golden Dolphin Award in the national feature film competition of the festival, which is supported by the Turkish Culture Ministry, the organizers […]

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UK chancellor unveils Winter Economy Plan

September 24, 2020

British Chancellor Rishi Sunak announced a range of economic measures on Thursday to deal with the continuing fallout from the coronavirus pandemic.   He cancelled his scheduled Autumn Budget, and announced a Winter Economy Plan instead.   Central to the plan is a new wage subsidy scheme that will encourage firms to keep their employees […]

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Black Sea gas production to cost cheaper than imports

September 23, 2020

The cost of producing gas in the newly discovered Black Sea gas field will be more affordable than current gas imports, Turkey’s Energy and Natural Resources Minister FatihDonmez said Wednesday.   Speaking during an exclusive interview with Anadolu Agency’s Editors’ Desk, Donmez highlighted the recent positive developments of the country’s exploration and drilling activities in […]

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Virus cases in Eurasia, Central Asia rise by over 3,700

September 22, 2020

Coronavirus cases and fatalities continued to rise across Eurasian and Central Asian countries on Tuesday.   – Ukraine   Ukraine registered 2,884 new virus cases over the past 24 hours, bringing the tally to 181,237, Health Minister Maxim Stepanov said.   The death toll rose to 3,642 as 59 more people died from the virus. […]

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