The economic developments to come in 2019 and impacts on Turkey’s economy

The economic developments to come in 2019 and impacts on Turkey's economy

In 2019 FED is expected to tighten financial conditions in the markets to help slow growth and prevent the economy from overheating in which case it is forecasted to withdraw US$ 600 billion from the markets. In 2020 monetary tightening will continue and FED it will withdraw another US$ 600 billion dollars.Therefore 2019 will be a difficult More...

by BTT | Published 7 days ago
By BTT On Tuesday, December 4th, 2018
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A Turkish nuclear physicist develops radiation-free imaging device

A Turkish scientist team headed by Associate Professor ELIF INCE from University of Istinye in Istanbul has developed a radiation-free imaging device. In an interview with press Dr. INCE has noted that the production More...

Turkish Statistical Institute to announce monthly inflation for October 2018
By BTT On Monday, December 3rd, 2018
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Turkey’s Statistical Institute (TUIK) announces inflation figures for November 2018

Turkey Statistical Institute (TUIK) has announced inflation figures for November 2018. Inflation declined by 1.44 percent in November to 21.62 percent year-on-year. Consumer price index (CPI) fell 1.44 percent More...

By BTT On Monday, December 3rd, 2018
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Qatar announces decision to withdraw from OPEC Organization in January 2019

Energy Minister of Qatar has announced that Qatar will not be part of OPEC (the Organization of Petroleum Exporting Countries) any more. The Minister said that they would buy and sell oil like other countries. The More...

The global economic developments to come in 2018 and impacts on Turkey
By BTT On Saturday, December 1st, 2018
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What will the Turkish economy go through in 2019 and the period to follow?

Turkey enjoyed a honeymoon period for almost 10 years during which there was an abundance of funds in the money markets. The bad news is, it is over now and it is very clear the USA will not pump unlimited amount More...

President of Turkey’s Central Bank says inflation expected to converge to targets
By BTT On Friday, November 30th, 2018
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President of Turkey’s Central Bank says inflation expected to converge to targets

Turkey has received good news from Mr. Murat CETINKAYA, the Governor of Central Bank. The Governor has made a statement saying “With the contribution of coordinated measures taken, it is expected that inflation More...

Turkey’s foreign trade deficit decreases by 94 percent in October 2018
By BTT On Friday, November 30th, 2018
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Turkey’s foreign trade deficit decreases by 94 percent in October 2018

It is reported that Turkey’s foreign trade deficit decreased by 94 percent in October 2018 due to an increase in exports by 13 percent and a decrease in imports by 23.8 percent. Based on data provided by the More...

What challenges will Turkish economy face in 2019 & suggestions to overcome them?
By BTT On Thursday, November 29th, 2018
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What challenges will Turkish economy face in 2019 & suggestions to overcome them?

Despite some negative opinions that the world economy could shrink to a certain extent in 2019, most veteran economists and opinion leaders do not expect a major crisis to make the world suffer again like in the More...

By BTT On Wednesday, November 28th, 2018
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EU Commissioner says Turkey very close to completion criteria for visa-free travel

Dimitris Avramopoulos, EU Commissioner for Migration, Home Affairs and Citizenship has made a statement saying parties are very close to completing the 72 criteria to be fulfilled for Turkey to be granted visa-free More...

Minister says Turkey to connect Asia to Europe thanks to mega projects
By BTT On Wednesday, November 28th, 2018
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Minister says Turkey to connect Asia to Europe thanks to mega projects

Turkey’s Transportation Minister Cahit TURHAN addressed the International Conference of Transport Ministers of states in Turkmenistan’s Turkmenbashi region, on Wednesday 28th November 2018. The Minister said More...