Turkey’s Central Bank Governor forecasts inflation at 23.5 percent at the end of 2018

Turkey’s Central Bank Governor forecasts inflation at 23.5 percent at the end of 2018

The Central Bank has announced the latest inflation report of the year. In the report the year-end inflation forecast was increased from 13.4 percent to 23.5 percent, while the food price inflation forecast was increased from 13 percent to 29.5 percent for 2018. On the other hand, the inflation figures for 2019 and 2020 were forecasted at 15.2 percent More...

by BTT | Published 1 week ago
Turkish Statistical Institute to announce monthly inflation for October 2018
By BTT On Thursday, September 13th, 2018
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Turkey’s Inflation recorded at the peak of last 15 years

Open market in Turkey – BusinessTurkeyToday.com   Turkey’s inflation rose to 17.90 percent in August recorded as the peak for the last 15 years. The Central Bank issued a statement after the announcement More...

TUIK report says Turkey’s Gross Domestic Product increases by 7.4 percent in 2017
By BTT On Thursday, September 13th, 2018
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TUIK report says Turkey’s Gross Domestic Product increases by 7.4 percent in 2017

Turkish Economy Industry – BusinessTurkeyToday.com   Based on report by TUIK (Turkey’s Statistical Institute) the annual gross domestic product (GDP) which is calculated according to the production More...

Economists say Turkey could face difficult times in economy after June 24 elections
By BTT On Monday, November 13th, 2017
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Consumer prices go up by 0.65 % and annual inflation climbs to 11.20 percent in Sept 2017

As reported by CBT (Central Bank of Turkey) annual inflation is above 10 percent currently which is something the administration would not be very happy about. In fact, it is also stated by the bank that current More...

By BTT On Thursday, September 21st, 2017
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A brief look at the “Turkish Tax System”

This short article is meant to provide a brief idea for those who might be interested in doing business in Turkey and would like to be in the picture about the TURKISH TAX SYSTEM IN GENERAL. For further and more More...

By BTT On Friday, August 4th, 2017
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Report: A brief outlook of Turkish economy in June 2017

Fitch mentioned in its Global Economic Outlook report for June 2017 that it had raised growth expectations of Turkey for 2017 and 2018 from 2.3 and 1.3 percent to 4.7 and 4.1 percent respectively, taking into consideration More...

By BTT On Thursday, June 8th, 2017
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Turkey enjoys strong increase in industrial production in April 2017

The calendar-adjusted industrial production, which was expected to increase by 4 percent in April, increased by 6.7 percent compared to the same month of the previous year. Industrial production was recorded above More...

By admin On Saturday, November 1st, 2014
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Turkey’s foreign trade deficit falls by 8.4 percent in September

It was announced by TUIK of Turkey that the country’s foreign trade deficit had fallen by 8.4 percent to 6 billion 925 million dollars in September, from 7 billion 560 million dollars in the same month of More...

By admin On Saturday, November 1st, 2014
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Central Bank Governor forecasts 2015 inflation to be 6,1 percent

As Turkey goes through serious political difficulties at its borders with Syria and Iraq and the economy is not comfortable, Turkey’s Central Bank has raised inflation forecasts for this year  and next, citing More...

By admin On Saturday, October 11th, 2014
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Turkey’s industrial production falls by 1.4 percent

Turkey’s seasonally and calendar adjusted industrial production fell by 1.4 percent compared with the previous month, while annual industrial production rose by 5.2 percent on annual basis, according the data More...