Turkey’s economy management undergoes major change

New measures by ministry to overcome onslaught against Turkey’s economy

Berat Albayrak – Economy Minister, Turkey   After the presidential elections in Turkey, the new system has gone into effect and  with the latest statutory decree (KHK) published before the new system, the number of ministries related to the economy has been reduced to three. Mr. Mustafa VARANK, Berat ALBAYRAK and Ruhsar PEKCAN were appointed More...

by BTT | Published 1 month ago
By BTT On Friday, July 6th, 2018
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The story of “Türk Telekom”, the flagship of Turkey’s communication sector

TÜRK TELEKOM is the flag ship of the communication sector in Turkey. The company which was run by the state until November 2005 was privatized by the government at that time and Saudi Oger Group which offered More...

Turkish steel exports continue to grow and contribute to Turkey’s economy substantially
By BTT On Saturday, June 30th, 2018
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Turkish steel exports continue to grow and contribute to Turkey’s economy substantially

TAT METAL Steel Factory – Turkey   Turkey’s export figures have made significant progress in recent years to parallel huge increase in import figures of the country. Some sectors such as automotive More...

Prime Minister: Turkey will continue to borrow for its growing economy
By BTT On Saturday, June 30th, 2018
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Prime Minister: Turkey will continue to borrow for its growing economy

Binali YILDIRIM, last PM of Turkey   Right after the elections and prior to the appointment of the new cabinet by President Erdoğan, Turkey’s last Prime Minister Binali YILDIRIM addressed exporters at the More...

What does Turkey need to do to recover economy after elections?
By BTT On Friday, June 29th, 2018
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What does Turkey need to do after elections, to recover its economy ?

Turkish Deputy Prime Minister Mehmet SIMSEK – BusinessTurkeyToday.com   Turkey is now over with presidential and deputy elections which has resulted with the victory of Nation’s Alliance consisting More...

Central Bank increases year-end inflation expectation from 11.07 percent to 12.28
By BTT On Tuesday, June 19th, 2018
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Central Bank increases year-end inflation expectation from 11.07 percent to 12.28

Central Bank of Turkey   As top vital presidential and deputy elections to be held in Turkey on June 24 approach the administration is continuing to have issues with economy. Most recently The Central Bank More...

What does Turkey need to do to recover economy after elections?
By BTT On Saturday, June 16th, 2018
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Turkey determined to accelerate structural reforms after June 24 elections

Turkish Deputy Prime Minister Mehmet SIMSEK – BusinessTurkeyToday.com   Only a short while towards presidential and deputy elections on June 24,Turkey has no doubt major problems in economy such as devaluating More...

Turkey's first participation bank Albaraka Turk will start Islamic digital banking in Germany
By BTT On Saturday, June 16th, 2018
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Turkey’s first participation bank Albaraka Turk will start Islamic digital banking in Germany

Albaraka Turk Branch, Turkey   The modern stage of Islamic banking is accepted to have started in the 1970s following the establishment The Islamic Development Bank in Saudi Arabia when a number of commercial More...

Global Shipping Giant announces it will send huge capacity container ships to Turkish ports
By BTT On Tuesday, June 12th, 2018
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Global Shipping Giant announces it will send huge capacity container ships to Turkish ports

Huge Capacity Container Ship (MSC)   Mediterranean Shipping Company (MSC) is one of the global giants in sea transportation. The company has announced that its huge capacity container ships will be carrying More...

Turkey’s BOTAŞ places order for 2 ships with South Korea's Hyundai Heavy Industries
By BTT On Tuesday, June 12th, 2018
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Turkey’s BOTAŞ places order for 2 ships with South Korea’s Hyundai Heavy Industries

LNG Vessel – Hyundai   Turkey’s “Pipelines and Petroleum Transportation Company” (BOTAŞ) has ordered 2 vessels to be produced at the shipbuilding yard of Hyundai, in South Korea. BOTAŞ More...