Turkish Banking Sector makes a good start in 2018 with record high profit in January

It is reported that the Turkish Banking Sector has made a very good start in 2018 with a record high net profit of TL 4.5 billion in January. The sector enjoyed an interest income of TL 24 billion with a total interest cost of TL 13,5 billion, only. Based on data provided by BDDK (Banking Regulation and Supervision Agency), the banks in the sector More...

by BTT | Published 2 months ago
Turkey’s Economy Minister says TL 100 billion incentives will be given on March 27
By BTT On Wednesday, March 7th, 2018
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Turkey’s Economy Minister says TL 100 billion incentives will be given on March 27

Nihat Zeybekçi, Economy Minister, Turkey – BusinessTurkeyToday.com Economy Minister Zeybekci pointed out March 27th for an investment-based incentive certificate of TL 100 billion. Zeybekci announced that More...

Economists concerned about rise in US dollar after it exceeds 4 Turkish liras again
By BTT On Wednesday, March 7th, 2018
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Turkish Lira continues its weak course after Central Bank’s interest rate decision

Turkish Lira continues its weak course after Central Bank’s interest rate decision – BusinessTurkeyToday.com US Dollar / Turkish Lira rate continues its upward movement after interest rate decision of More...

Economists concerned about rise in US dollar after it exceeds 4 Turkish liras again
By BTT On Friday, March 2nd, 2018
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Dollar lira rate could reach new record highs in case of capital outflow from Turkey

Rates, Turkish lira versus US dollar – BusinessTurkeyToday.com Based on predictions shared by a financial establishment in Europe, experts say there could be prospects of a strong reaction in US dollar Turkish More...

Albaraka Turk Participation bank to invest abroad as well next year
By BTT On Thursday, February 22nd, 2018
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Albaraka Turk Participation bank to invest abroad as well next year

Albaraka Turk, Participation Bank – BusinessTurkeyToday.com Islamic Banking has been on the rise after Ak Parti came to power in 2002. Albaraka Turk Participation Bank was one of the first banks to be established More...

Development Minister says start-up investments are at a very low level in Turkey
By BTT On Monday, February 19th, 2018
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Development Minister says start-up investments are at a very low level in Turkey

Development Minister Elvan, WBAF – BusinessTurkeyToday.com Development Minister Elvan has stated that start-up investments in Turkey is at the level of USD 1.3 per person, while this figure is USD 12.7 in More...

Economy Minister Zeybekci: We will see double-digit growth in exports in February
By BTT On Friday, February 16th, 2018
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Economy Minister Zeybekci: We will see double-digit growth in exports in February

Nihat Zeybekçi, Turkey’s Economy Minister – BusinessTurkeyToday.com Economy Minister Zeybekci said that double-digit growth would continue in February and this would be reflected positively in 2018 More...

Foreigners bought USD 114 million in securities in week ending January 19th
By BTT On Thursday, February 15th, 2018
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Istanbul Stock Exchange to reach market value of TL one trillion soon

Experts comment that Istanbul Stock Market which has reached a value of TL 900 billion is expected to exceed TL one trillion before late. Mr. Himmet KARADAG, chairman of Borsa Istanbul said, “Currently, Istanbul More...

Car Manufacturing Facility, Turkey - BusinessTurkeyToday.com
By BTT On Tuesday, February 13th, 2018
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Turkey’s industry turnover index increases by 27.2 percent in December 2017

Car Manufacturing Facility, Turkey – BusinessTurkeyToday.com “Industry Turnover Index” in Turkey increased by 27.2 percent in December 2017 compared to the same month of the previous year. The More...

President Erdogan: Inflation will not fall with this mentality
By BTT On Saturday, February 10th, 2018
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President Erdogan: Inflation will not fall with this mentality

Turkey’s President Erdogan on plane – BusinessTurkeyToday.com President Erdogan said, “Inflation has not gone down from double-digit figures to single digit figures. It won’t do so either, long More...