The construction of a new petrochemical complex of SOCAR in Turkey is scheduled for June 2019, SOCAR Turkey Energy reported.It is planned to complete the feasibility study of the project by April 2019, so that by June construction work will start. It is expected that the complex will begin to produce products by the end of 2022 – beginning of 2023. Its commissioning by 40 percent will ensure Turkey’s needs for petrochemical products.
Source: www.azernews.az
Turkey’s central bank slashed its key interest rate by a more than expected 425 basis points to 19.75 percent Thursday to spur a recession-hit economy, its first step away from the emergency stance adopted during last year’s currency crisis.
Source: www.dailystar.com.lb
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The Central Bank of the Republic of Turkey (CBRT) on Saturday lowered reserve requirement ratios to provide more liquidity in domestic markets. Turkish lira reserve requirement ratios have been reduced by 100 basis points for deposits and participation funds with maturities up to 1-year, and for other liabilities with maturities up to (and including) 3-year.
Source: www.turkiyenewspaper.com
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Turkey’s central bank on Wednesday ruled to keep its one-week repo rate — also known as the policy rate — constant at 24 percent, the state-run Anadolu news agency reported. The decision came in a statement from the bank’s Monetary Policy Committee (PPK),
Source: www.turkishminute.com
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Turkey received $9.16 billion in net foreign direct investment from January to October 2018, the Industry and Technology Ministry announced on Thursday.
Source: www.thedailyturkish.com
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Central bank holds main rate in first decision after September’s aggressive tightening action. The Central Bank of the Republic of Turkey (CBRT) chose to keep its headline rate on hold today (October 25), as the Turkish economy finds a measure of stability. The decision to hold the one-week repo rate constant at 24% was in line with analysts’
Source: www.centralbanking.com
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