December 2020

Capacity utilization rises in November in Turkey

Capacity utilization rises in November in Turkey

The capacity of Turkey utilization rate of the manufacturing industry recorded a rise in November. According to the data published by the Central Bank of the Republic of Turkey (CBRT), Turkey's capacity utilization rate of the manufacturing industry climbed by 0.4 percentage points on a monthly basis and reached 75.8 percent as of November 2020. The manufacturing of wood, except for furniture...

Turkey Posts Largest GDP Growth in the World in Third Quarter

At The Third Quarter Turkey Posts Largest GDP Growth in the World

At a time when almost all economies in the world have been staggering under the burden of the COVID-19 outbreak, Turkey managed to handle this period with trivial damage and ended the 3rd quarter of 2020 with a noteworthy performance. ​ According to the data of the Turkish Statistical Institute (TurkStat), Turkey's economy posted a growth rate of 6.7 percent in 2020 Q3 and the GDP at current prices...

Turkey-Qatar Further Boost Ties As They Ink Multiple Deals

Turkey-Qatar Further Boost Ties As They Ink Multiple Deals

Turkey and Qatar partnered up on a wide range of occasions at the sixth meeting of the Turkey-Qatar Supreme Strategic Committee jointly chaired by President Recep Tayyip Erdoğan and his Qatari counterpart Sheikh Tamim bin Hamad al-Thani at the Presidential Complex in Ankara in late November.​ During the meeting, the two countries inked a number of new agreements, including: Sales of a 42 percent...

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