Turkey’s President Erdoğan says high interest rate is the reason for inflation

Turkey’s President Erdoğan says high interest rate is the reason for inflation

President Erdoğan made a speech at the Presidential Palace in Ankara on December 11th, delivering important messages. Erdoğan also talked about economy and exchange rates as well as inflation issue. He said: “As I always express high exchange rates are not compatible with the actual situation of the economy. Therefore I believe the right balance More...

by Editor | Published 1 day ago
Head of Turkish Economy says it is important Turkey is growing via industrialization
By Editor On Monday, December 11th, 2017
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Head of Turkish Economy says it is important Turkey is growing via industrialization

Deputy Prime Minister SİMSEK has stated that Turkey is growing via industrialization and expressed that it is very important. He said “The only negative side in growth data is the decline in contribution More...

Turkey ranks third in health tourism in Europe
By Editor On Monday, December 11th, 2017
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Turkey ranks third in health tourism in Europe

Istanbul Health Expo Fair and Congress which attracted a great deal of attention was held in Yeşilköy Istanbul. The event received participation from 20 countries to include countries such as Saudi Arabia, Qatar, More...

By Editor On Saturday, December 9th, 2017
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US aircraft manufacturing giant sets up technology center in Turkey

Boeing which has been operating in Turkey for 70 years has decided to take a giant step by committing to contribute to the growth of the Turkish aerospace industry in line with the country’s 2023 vision and promote More...

By Editor On Saturday, December 9th, 2017
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Domestic coal-fired power plants to be supported by Turkish Electricity Company

The Turkish Electricity Trading and Contracting Company (TETAŞ) has made important changes in the conditions of electricity purchasing to support power generating plants with domestic coal. Accordingly, TETAŞ More...

By Editor On Saturday, December 9th, 2017
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Istanbul Stock Exchange (BIST 100) closes at 107,921.34 with a gain of 4.21 percent

In the period 4-9 December 2017, BIST Financial Index increased by 5.76 percent to 127.913,21, Industrial Index with 3.43 percent to 120.138.62 pounds, Services Index increased by 2.73 percent to 77.538.94 and More...

By Editor On Saturday, December 9th, 2017
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Turkey’s Transportation Minister heralds 5 hours by train from Istanbul to Sivas

Turkey’s Transportation Minister has announced that the “Ankara-Sivas High Speed ​​Train Line” will be completed by 2019, at the latest. The passengers coming from Sivas will reach Haydarpasa (Istanbul) More...

Turkey’s Inflation exceeds expectations in November 2017
By Editor On Thursday, December 7th, 2017
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Turkey’s Inflation exceeds expectations in November 2017

TÜFE (consumer price index) which was expected to increase by 1.2 percent per month, in November went up by 1.49 percent. Annual inflation reached 12.98 percent. In monthly surveys increase in TÜFE expectancies More...

Turkey’s exports increase by 14.2 percent in November 2017
By Editor On Thursday, December 7th, 2017
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Turkey’s exports increase by 14.2 percent in November 2017

According to Turkish Exporters Assembly (TEA – TIM in Turkish), exports in November increased by 14.2 percent compared to the same month of the previous year and reached USD 13 billion 629 million. November More...

By Editor On Saturday, December 2nd, 2017
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Turkey’s Economy Minister Zeybekci says there is nothing to worry about

Commenting on the latest developments in foreign exchange rates, Minister Zeybekci said, “They are playing with the currencies and this is going to pass. We have always said this has to do with speculations More...

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