Turkey’s Finance Minister: We will do financial tightening as soon as possible

Turkey’s Finance Minister: We will do financial tightening as soon as possible

Naci Ağbal, Turkey’s Finance Minister   Mr. Naci AGBAL, Turkey’s Finance Minister has made statements about financial policies Turkey is to follow in the coming period to overcome pending economic issues. Stating that there was a significant synchronization between the monetary policy and the fiscal policy, The minister said “We will More...

by BTT | Published 3 weeks ago
Are Turkey’s banks strong enough to protect themselves against economic fluctuations?
By BTT On Friday, June 1st, 2018
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Are Turkey’s banks strong enough to protect themselves against economic fluctuations?

BRSA(Banking Regulation & Supervision Agency)   Ahead of presidential and deputy elections to be held on 24 June 2018, Turkey’s economy is facing some difficulties such as excessive devaluation of Turkish More...

Automobile sales in Turkey decline substantially in May 2018
By BTT On Wednesday, May 30th, 2018
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5 automotive companies in top ten among Turkey’s largest 500 industrial enterprises

Automobile Plant, Turkey – BusinessTurkeyToday.com   Istanbul Chamber of Industry (ISO) has declared the results of its “Turkey’s Top 500 Industrial Enterprises 2017” survey made since More...

Regarding Moody’s decision SIMSEK says Turkey's banking sector is healthy & sound
By BTT On Saturday, May 26th, 2018
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Turkey’s Deputy PM says “We will not be stubborn with the markets”

Turkish Deputy Prime Minister Mehmet SIMSEK – BusinessTurkeyToday.com   Mehmet SIMSEK (Deputy Prime Minister for the Economy) who is scheduled to go to London next week with Murat CETINKAYA, President More...

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...

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...