Turnover index for shopping malls increases by 22.4 percent in July 2018

Turnover index for shopping malls increases by 22.4 percent in July 2018

Shopping Mall Turkey (Zorlu Center)   Despite the impression and some official statistics that things may not be going very well in Turkey’s economy the retail sector does not seem to be doing too badly, after all. In fact, it is reported that turnover per rentable square meters in shopping malls in July 2018 was recorded at TL 1,196 in Istanbul More...

by BTT | Published 2 months ago
Treasury Minister Albayrak meets with directors of 11 largest finance institutions in the world
By BTT On Sunday, September 9th, 2018
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Treasury Minister Albayrak meets with directors of 11 largest finance institutions in the world

Berat Albayrak – Economy Minister, Turkey   Treasury and Finance Minister Berat ALBAYRAK has held separate talks with the president and senior representatives of 11 of the world’s largest financial More...

Minister Albayrak wants Turkish business world to participate in fight against inflation
By BTT On Sunday, September 2nd, 2018
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Turkey’s Treasury and Finance Minister says government knows steps to be taken

Mr. Berat Albayrak, Turkey’s Treasury Finance Minister   Treasury and Finance Minister Berat ALBAYRAK who made a statement regarding most recent economic picture said “We are well aware of the steps More...

Due to the rapid depreciation of the Turkish lira and the rise in interest rates, the growth rate of loans provided by private banks has fallen below 1 percent. Turkey’s economy has received a bad signal from the banking sector, as well. It is reported that credit growth rates plummeted with the depreciation of TL and the rise in interest rates.
By BTT On Sunday, August 26th, 2018
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Growth rate in bank loans fall in Turkey as lira declines and interest rates climb

Banks in Turkey   Due to the rapid depreciation of the Turkish lira and the rise in interest rates, the growth rate of loans provided by private banks has fallen below 1 percent. Turkey’s economy has received More...

Regarding US sanctions on imports from Turkey, Trade Minister RUHSAR PEKCAN said "We have doubled the 22-item tax rate on imports from the US, and thus responded with an additional tax amount of US$ 533 million on US goods”.
By BTT On Tuesday, August 21st, 2018
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Turkey responds to US sanctions with US$ 533 million additional taxes on US goods

Ruhsar Pekcan, Trade Minister of Turkey   Regarding US sanctions on imports from Turkey, Trade Minister RUHSAR PEKCAN said “We have doubled the 22-item tax rate on imports from the US, and thus responded More...

S & P and Moody's lower Turkey's credit rating note on same day
By BTT On Saturday, August 18th, 2018
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S & P and Moody’s lower Turkey’s credit rating note on same day

Standard & Poor’s Office   Two international credit rating agencies have made announcements on the same day, both lowering Turkey’s credit rating note. While S & P left the credit outlook at More...

Experts say direction of Turkey-US relations to determine value of TL in coming days
By BTT On Friday, August 17th, 2018
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Central Bank survey shows markets forecast year-end US dollar/TL rate at 5.9663

US Dollar Turkish Lira – BusinessTurkeyToday.com   In the most recent expectation survey conducted by the Central Bank, the year-end dollar expectancy is observed to have risen from 4.8328 to 5.9663. More...

Turkish Statistical Institute to announce monthly inflation for October 2018
By BTT On Friday, August 17th, 2018
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Experts express concern Turkey could see 20 percent inflation in September

Open market place in Turkey   Following the swift rise in dollar against Turkish Lira, Turkey’s administration took new measures with the final target to put out the fire in economy and although the steps More...

Does Turkish banking sector have foreign exchange risk based on fall of Turkish Lira?
By BTT On Thursday, August 16th, 2018
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Turkey will find ways to overcome the crisis thanks to its financial stability

Economists comment that Turkey has a sustainable economy model and despite great pressure from outside it will find ways to overcome recent fluctuations via local currency and financial stability. Looking at most More...

By BTT On Tuesday, August 14th, 2018
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Businessmen Associations share steps Turkish government should take against crisis

TÜSİAD (Turkey’s Industrialists and Businessmen Association) and TOBB (Turkey’s Chambers and Stock Markets Union) have released an announcement mentioning “issues incurred in economy would be overcome in More...