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...

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...

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...

By Editor On Friday, December 1st, 2017
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Bank of China given banking license to start operations in Turkey

BDDK President has said that the banking license for Bank of China Turkey AŞ has been approved and that the bank could start operations effective tomorrow.. Banking Regulation and Supervision Agency (BRSA/BDDK) More...

By Editor On Wednesday, November 29th, 2017
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Prime Minister says Turkey is a gateway to growing markets for UK companies

Turkey’s Prime Minister who is on a two-day visit to UK met with his counterpart Theresa MAY to discuss issues on the agenda. The prime minister’s visit to Britain came at a time when Turkey and the United More...

By Editor On Tuesday, November 28th, 2017
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News flow from Zarrab case in US impacts financial markets in Turkey negatively

The fluctuations in the financial markets in Turkey are continuing due to the news flow of the Reza Zarrab case in the US. At the end of the day, the dollar rose to above 3.96, while the stock market suffered a More...

By Editor On Tuesday, November 28th, 2017
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OECD raises Turkey’s growth forecast for 2017 from 3.4 percent to 6.1 percent

Turkey has received good news from OECD, today. The Organization for Economic Co-operation and Development (OECD) is an intergovernmental economic organization with 35 member countries, founded in 1960 to stimulate More...

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