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Turkish Central Bank fights to arrest lira’s fall

By   /  10/01/2017  /  Finance, TR Finance, Turkey  /  Comments Off on Turkish Central Bank fights to arrest lira’s fall

The Central Bank has responded to the Turkish Lira’s historic plunge by cutting forex required reserves, in a move adding $1.5 billion in liquidity to the financial system, vowing additional steps if necessary. The statement helped stem some of the lira’s losses, although analysts said more must follow to back the struggling currency. The lira […]

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UNHCR: Faster movement of people from Greek islands to mainland essential

By   /  08/01/2017  /  Finance, GR Finance, GR Politics, GR Social, Greece, Politics, Social, TR Finance, TR Politics, TR Social, Turkey  /  Comments Off on UNHCR: Faster movement of people from Greek islands to mainland essential

The UNHCR, the UN Refugee Agency, is reiterating its call to accelerate the moving of asylum-seekers from the Aegean islands to the Greek mainland states the announcement. The Agency states that “even with recent efforts to improve matters, conditions at many sites on the islands remain very poor.” The drop in temperature over the past […]

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Erdogan Uncovers plans for new Monetary System with Russia, China and Iran

By   /  05/12/2016  /  Finance, Headlines, Politics, TR Finance, TR Politics, Turkey  /  Comments Off on Erdogan Uncovers plans for new Monetary System with Russia, China and Iran

Turkish President Recep Tayip Erdogan uncovered a plan for the creation of a new monetary system other than that of the Euro and the dollar. The Turkish president asked Turkish citizens to convert their dollars into Turkish lira and support the national currency, in a speech he made in the city of Kayseri on Saturday. […]

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New ferry link between Thessaloniki and Izmir expected to start in 2017

By   /  26/10/2016  /  Business, Finance, GR Business, GR Finance, Greece, TR Business, TR Finance, Turkey  /  Comments Off on New ferry link between Thessaloniki and Izmir expected to start in 2017

Greece and Turkey’s transport ministries are expected to sign in the following days a memorandum for a ferry link between Thessaloniki and Izmir, Thessaloniki mayor Yiannis Boutaris said on Tuesday during a meeting of the city council. Boutaris said the new route could start in the first months of 2017 and will bring significant economic […]

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Moody’s downgrades Turkey

By   /  27/09/2016  /  Finance, Headlines, Politics, TR Finance, TR Politics, Turkey  /  Comments Off on Moody’s downgrades Turkey

Ankara, September 27, 2016/Independent Balkan News Agency By Manolis Kostidis Moody’s: “Turkey inappropriate for investment” There is deep concern in Turkey after the downgrading of the country by Moody’s, which brings Turkish bonds at the level of “garbage”. This particular investment agency downgraded the creditworthiness of Turkey in the category of “inappropriate for investment”, citing […]

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Turkey unveils 3rd Bosphorus bridge

By   /  26/08/2016  /  Business, Finance, Politics, Social, TR Business, TR Finance, TR Politics, TR Social, Turkey  /  Comments Off on Turkey unveils 3rd Bosphorus bridge

Istanbul, August 26, 2016/ Independent Balkan News Agency By AA A third bridge spanning Istanbul’s Bosphorus waterway opened Friday with a ceremony attended by President Recep Tayyip Erdogan and Prime Minister Binali Yildirim. “We are connecting continents,” Erdogan said. “We are celebrating together and we are very proud of it. The nation deserves this. With […]

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National lottery sold for one Euro. Purchased also the losses worth 6.5 million Euros

By   /  18/08/2016  /  AL Finance, Albania, TR Finance  /  Comments Off on National lottery sold for one Euro. Purchased also the losses worth 6.5 million Euros

Tirana, 18 August 2016/Independent Balkan News Agency By Edison Kurani National lottery, which has the exclusive rights for the gambling games has been sold for one Euro. If the debts are included  the business will loses in its sale. The Competition Authority notifies that 100 percent of the capital of the company  Albanisch Österreichische Holding […]

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Significant Euro devaluation in Albania, the lowest level ever in the last six years

By   /  16/08/2016  /  AL Finance, Albania, TR Finance  /  Comments Off on Significant Euro devaluation in Albania, the lowest level ever in the last six years

Tirana 16 August 2016/Independent Balkan News Agency By Edison Kurani The common European currency is undergoing a progressive devaluation and the Bank of Albania seems unable to refrain the occurrence as it did in previous years. The average current exchange rate is one Euro equal to 135 Lek, the lowest value in at least the […]

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Kosovo and Serbia talks about Kosovo international dialing code

By   /  15/08/2016  /  Kosovo, TR Finance, XK Politics  /  Comments Off on Kosovo and Serbia talks about Kosovo international dialing code

Pristina, 14 August 2016/Independent Balkan News Agency By Elton Tota The Minister for dialogue of Kosovo government, Edita Tahiri has announced that today, in Brussels, the talks will continue with Serbian party, to discuss the issue of Kosovo phone code. “The today’s meeting in Brussels goal is to summarize all the action taken concerning Kosovo […]

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Putin relents on South Stream as Erdogan offers Turkish Stream promises

By   /  10/08/2016  /  BG Energy, BG Finance, BG Politics, Bulgaria, Energy, Finance, Politics, TR Energy, TR Finance, TR Politics, Turkey  /  Comments Off on Putin relents on South Stream as Erdogan offers Turkish Stream promises

Sofia, August 10, 2016/ Independent Balkan News Agency By Clive Leviev-Sawyer of The Sofia Globe Russian president Vladimir Putin appeared to soften his position on the prospect of reviving the South Stream gas pipeline project after a meeting with his Turkish counterpart Recep Tayyip Erdogan, even as the latter promised to begin construction on the […]

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