Economy of Turkey

The Turkish lira plumbed another record low against the dollar on April 14, as investors punished the currency on fears of rising political instability ahead of the June 7 parliamentary election.

Representatives from Turkish banking industry said several strict measures, which were put during extraordinary times, should be lifted during ordinary times at a meeting in Istanbul on April 9. 

Turkey?s Limak Holding plans to invest $1 billion this year to boost power generation capacity to over 5,000 megawatts (MW) in the next five years from the current 3,000 MW, the company?s chairman said.

A Turkish Airlines  passenger plane en route to Istanbul made a forced landing at Germany's Nuremberg Airport on April 8, after its left cockpit window shattered, the airline said.
   
The Dusseldorf to Istanbul flight diverted to Nuremberg, landing at 0658 GMT, a spokeswoman for the airline said.
   

The contradictions within the government's economic policies mean it is too difficult to even post a growth rate as low as 2 percent, prominent economist Kemal Dervi? has told daily Hürriyet.

A Turkish Airlines passenger plane flying from Istanbul to Sao Paulo made an emergency landing in Casablanca over a bomb scare, private broadcaster CNNTürk reported on March 30.

The plane, which left Istanbul at 9:30 a.m., landed in Casablanca at 3.30 p.m.

Security teams are set to search the plane, after a note regarding a bomb attack was found.

Turks spent more than 35.5 billion Turkish Liras ($13.3 billion) on telecommunications last year, up from 32.2 billion liras ($12.2 billion) in 2013, according to a report released by the Information and Communications Technologies Authority (BTK) on March 27.

Over 80 percent of the amount spent went on Turkey's top four telecommunication companies, the report stated.

After years of encouraging comments about the Turkish economy, the warning bells have started to toll in many reports. Why now? As we all know, what has happened is that the economy?s most chronic problems have not been solved for the last decade.

International Credit Rating Agency Fitch did not change Turkey?s outlook in its recent evaluation of the country, which resulted in comforting the markets slightly. Many people were not expecting Fitch to lower the ratings with elections approaching, but looking at the positive reaction of the markets, we concluded that ?it means some uneasiness did exist.?

A Turkish army-affiliated software company has introduced a new warning system boasting an integrated drone at a new technologies fair in Germany.

The Turkish Armed Forces Foundation-affiliated software and systems company, HAVELSAN, introduced at the 2015 CeBIT Fair the Sezgin, an unmanned aerial vehicle (UAV) integrated early warning system on late March 18.