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Turkey’s Inflation exceeds expectations in November 2017
By BTT On Tuesday, May 22nd, 2018
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Experts forecast 2018 year-end inflation in Turkey to exceed 11 percent

In the CBRT (Central Bank) Survey of Expectations, the year-end TÜFE (Consumer Price Index) expectation rose to 11.07 percent from 10.07 percent. While the current year-end TÜFE expectation was 10.07 percent More...

Sberbank sells Turkey’s Denizbank to Emirates NBD from Dubai for US$ 3.2 billion
By BTT On Tuesday, May 22nd, 2018
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Sberbank sells Turkey’s Denizbank to Emirates NBD from Dubai for US$ 3.2 billion

Denizbank Branch, Turkey   Emirates NBD has bought Denizbank from Sberbank for US$ 3.2 billion. According to the statement made, the final agreement was signed. Sberbank had bought Denizbank for $ 3.5 billion More...

Candidates to run for Turkey's president in May elections start declaring manifestos
By BTT On Sunday, May 20th, 2018
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Candidates to run for Turkey’s president in May elections start declaring manifestos

Muharrem Ince, CHP candidate for president (Turkey)   As the presidential election to be held on June 24, 2018 approaches, the candidates to run for president of Turkey have started to declare their manifestos. More...

Turkey cannot stop rise in dollar despite increase in interest rates
By BTT On Sunday, May 20th, 2018
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US Dollar gains 5 percent value against Turkish Lira in week commencing May 14

US Dollar Turkish Lira – BusinessTurkeyToday.com Following a period of discomfort in economy US dollar / TL rate went up to 4.4920 last week while the stock market made a premium of 0.55 percent. A gram of More...

Turkey's "Economic Coordination Board" convenes at Presidential Palace in Ankara
By BTT On Thursday, May 17th, 2018
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Turkey’s “Economic Coordination Board” convenes at Presidential Palace in Ankara

“Economic Coordination Board” Meeting at Presidential Palace, Ankara   Due to economic issues that needed urgent attention President ERDOGAN convened the Economic Coordination Board at the Presidential More...

Turkey’s unemployment rate declines to 10.6 percent in February 2018
By BTT On Tuesday, May 15th, 2018
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Turkey’s unemployment rate declines to 10.6 percent in February 2018

People in front of Employment Agency, Turkey   It is reported that unemployment rate in Turkey fell to 10.6 percent in February 2018. Unemployment fell by 2 points compared to the same period of last year, More...

Turkey’s Finance Minister draws attention to substantial increase in tax collection
By BTT On Tuesday, May 15th, 2018
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Turkey’s Finance Minister draws attention to substantial increase in tax collection

Mr. NACI AGBAL, Turkey’s Finance Minister   Turkish economy has been having difficulties for quite a while and it goes without saying budget deficit issue is among the most vital problems for the country. More...

Turkey’s ready-to-wear sector badly affected by devaluation of TL against foreign currencies
By BTT On Tuesday, May 15th, 2018
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Turkey’s ready-to-wear sector badly affected by devaluation of TL against foreign currencies

Fashion Show in Turkey   While the export-supporting effect of the depreciation of the Turkish Lira is discussed, the Turkish clothing sector has been facing difficulties recently. Ready-to-wear sector has More...

Turkey’s current account deficit exceeds expectations in March
By BTT On Monday, May 14th, 2018
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Turkey’s current account deficit exceeds expectations in March 2018

Vessel carrying export goods from Turkey   On the way to deputy and presidential elections Turkey’s economy has been sending signals not to please the administration. To provide an example, the current account More...

Turkish bankers say banking sector expects a strong growth in 2018
By BTT On Sunday, May 13th, 2018
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Turkish bankers say banking sector expects a strong growth in 2018

Ziraat Bank Branch – Turkey   Despite several major problems its economy has been coping with for a while Turkey’s bankers are hopeful about the performance of the sector in 2018. In fact some of them More...