Regarding Moody’s decision SIMSEK says Turkey’s banking sector is healthy & sound

Regarding Moody’s decision SIMSEK says Turkey's banking sector is healthy & sound

Turkish Deputy Prime Minister Mehmet SIMSEK – BusinessTurkeyToday.com   Following Moody’s decision SIMSEK, deputy PM responsible for economy said “Our banking sector is healthy and sound. The capital adequacy ratio is 16.7 percent and 15 percent even after the exchange rate and interest rate increase”. SIMSEK who shared his evaluation More...

by BTT | Published 2 weeks ago
CHP says they will immediately end state of emergency provided INCE elected president
By BTT On Wednesday, June 6th, 2018
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CHP says they will immediately end state of emergency provided INCE elected president

Kemal KILICDAROGLU, Republican People’s Party Leader   CHP Leader KILICDAROGLU has stated that they will immediately terminate state of emergency in Turkey provided their candidate INCE wins presidential More...

Turkey’s foreign trade deficit increases by 54.2 percent to USD 5.7 billion in February
By BTT On Saturday, June 2nd, 2018
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Turkey’s foreign trade deficit increases by 5.35 percent to US$ 7 billion 729 million

Turkey’s Exports, commercial vessel – BusinessTurkeyToday.com   The Ministry of Customs and Trade published a bulletin covering data on foreign trade for May. It was mentioned in said bulletin that 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...

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 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...

Turkey’s current account deficit exceeds expectations in March
By BTT On Monday, May 14th, 2018
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Turkey’s current account deficit exceeds expectations in March 2018

Vessel carrying export goods from Turkey   On the way to deputy and presidential elections Turkey’s economy has been sending signals not to please the administration. To provide an example, the current account More...