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11.12.25 - 14:00
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Turkey Slashes Interest Rate By 150 Bps (AFX)
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ANKARA (dpa-AFX) - Turkey's central bank slashed its benchmark rate at a sharper-than-expected pace on Thursday as demand conditions continue to support the disinflation process. The Monetary Poli......
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11.12.25 - 09:30
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Turkey Retail Sales Growth Improves Slightly (AFX)
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ANKARA (dpa-AFX) - Turkey's retail sales growth accelerated marginally in October, the Turkish Statistical Institute said on Thursday.The volume of retail sales climbed 15.0 percent on a yearly ba......
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10.12.25 - 10:54
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Turkey Plans Drone Facility In Pakistan (ZeroHedge)
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Turkey Plans Drone Facility In Pakistan
Turkey, long a pioneer in military drone development and production, plans to set up a facility in Pakistan to assemble combat drones, part of Ankara's drive to boost its defense industry in international markets, Bloomberg reported citing Turkish officials.
Talks over the project, which would see Turkey export stealth and long-endurance drones to be put together in Pakistan, have advanced significantly since October.
The discussions are part of Turkey's efforts to grow its defense industry, a strategy that underpins President Recep Tayyip Erdogan's ambitions to strengthen his influence in the Middle East and further afield. The country has announced deals this year including an order by Indonesia for fighter planes and has plans to supply more arms to Saudi Arabia and Syria.
Turkey's defense exports increased 30% in the first 11 months of this year to a record $7.5 billion, Haluk Gorgun, who heads the presidency's defense-industry body, said last...
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