Turkey’s Deputy PM says “We will not be stubborn with the markets”

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 of Central Bank evaluated the latest moves of the Central Bank of Turkey (CBT) and developments in the economy. He said “Turkey will not be More...

by BTT | Published 18 hours ago
Sberbank sells Turkey’s Denizbank to Emirates NBD from Dubai for US$ 3.2 billion
By BTT On Tuesday, May 22nd, 2018
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Sberbank sells Turkey’s Denizbank to Emirates NBD from Dubai for US$ 3.2 billion

Denizbank Branch, Turkey   Emirates NBD has bought Denizbank from Sberbank for US$ 3.2 billion. According to the statement made, the final agreement was signed. Sberbank had bought Denizbank for $ 3.5 billion More...

Candidates to run for Turkey's president in May elections start declaring manifestos
By BTT On Sunday, May 20th, 2018
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Candidates to run for Turkey’s president in May elections start declaring manifestos

Muharrem Ince, CHP candidate for president (Turkey)   As the presidential election to be held on June 24, 2018 approaches, the candidates to run for president of Turkey have started to declare their manifestos. 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...

Turkish food giant ULKER announces 14 percent turnover growth for first quarter 2018
By BTT On Sunday, May 13th, 2018
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Turkish food giant ULKER announces 14 percent turnover growth for first quarter 2018

ULKER (Turkish Snacks Producer Exporter) products   ULKER BISKUVI (Biscuit) has announced the results for the first quarter of 2018. The snack roll turnover of the company grew by 14 percent in said period More...

Stock markets melt down by USD 1.5 trillion in first quarter 2018 compared to last year end
By BTT On Sunday, May 13th, 2018
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Stock markets melt down by USD 1.5 trillion in first quarter 2018 compared to last year end

Stock Market Photo (USA)   It is reported that investors in financial markets face developments pointing to a “tough” year in the first quarter of 2018. Due to the difficulties experienced by global More...

Turkey’s ISBANK makes TL 1.8 billion net profit in first quarter 2018
By BTT On Saturday, May 12th, 2018
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Turkey’s ISBANK makes TL 1.8 billion net profit in first quarter 2018

Isbank Branch, Turkey   Based on a statement issued by ISBANK, the leading bank of Turkey has increased the value of its assets to TL 370.9 billion in the first 3 months of the year as compared to same period More...

Total sales volume of Turkey’s TUPRAS reaches 6.2 million tons in first quarter 2018
By BTT On Thursday, May 10th, 2018
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Total sales volume of Turkey’s TUPRAS reaches 6.2 million tons in first quarter 2018

TUPRAS, Oil Production Company, Turkey   It was announced in a statement made by Corporate Communications Department of Tüpraş that despite investment activities and planned maintenance halt of the refineries, More...

Turkey’s government seeking solutions to reduce housing stocks in the sector
By BTT On Monday, May 7th, 2018
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Turkey’s government seeking solutions to reduce housing stocks in the sector

High rise buildings in Istanbul   Construction has always been the locomotive sector in Turkey’s economy. In fact the ruling AK Party has used it to strengthen its position in power and managed to form a More...

Erdogan announces manifesto: Inflation, interest rate & current account deficit will fall
By BTT On Sunday, May 6th, 2018
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Erdogan announces manifesto: Inflation, interest rate & current account deficit will fall

President Erdoğan (AkParty leader), Turkey – BusinessTurkeyToday.com   President and AK Party leader TAYYIP ERDOGAN announced the manifesto of his party regarding the 24 June elections. Erdogan’s More...