House sales in Turkey decline by 12.5 percent in August

House sales in Turkey decline by 12.5 percent in August

Real Estate – House Sales in Turkey   According to data announced by TURKSTAT, house sales fell by 12.5 percent to 105 thousand in August compared to the same month of the previous year. In the same period, mortgage sales decreased by up to 70 percent. Istanbul had the highest share with 15 thousand 262 sales and 4.5 percent in total houses More...

by BTT | Published 4 days ago
Stump, British Petroleum’s Turkey President
By BTT On Tuesday, September 18th, 2018
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President of BP Turkey says Turkey is one of the five strategic markets worldwide

Stump, British Petroleum’s Turkey President   Mr. Stump, British Petroleum’s Turkey President stated that Turkey was one of the 5 strategic markets in the world and they were determined to grow in this More...

President Erdogan's visit to Google in USA
By BTT On Tuesday, September 18th, 2018
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Erdogan will meet with directors of US companies to include Microsoft & Google

President Erdogan’s visit to Google in USA   President Erdoğan will meet with 30 business people who are directors of US companies located in Turkey, on 19 September 2018. It is reported that companies More...

Experts express concern Turkey could see 20 percent inflation in September
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...

Treasury Minister Albayrak meets with directors of 11 largest finance institutions in the world
By BTT On Sunday, September 9th, 2018
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Treasury Minister Albayrak meets with directors of 11 largest finance institutions in the world

Berat Albayrak – Economy Minister, Turkey   Treasury and Finance Minister Berat ALBAYRAK has held separate talks with the president and senior representatives of 11 of the world’s largest financial More...

Mr. Berat Albayrak,
By BTT On Sunday, September 2nd, 2018
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Turkey’s Treasury and Finance Minister says government knows steps to be taken

Mr. Berat Albayrak, Turkey’s Treasury Finance Minister   Treasury and Finance Minister Berat ALBAYRAK who made a statement regarding most recent economic picture said “We are well aware of the steps More...

Due to the rapid depreciation of the Turkish lira and the rise in interest rates, the growth rate of loans provided by private banks has fallen below 1 percent. Turkey’s economy has received a bad signal from the banking sector, as well. It is reported that credit growth rates plummeted with the depreciation of TL and the rise in interest rates.
By BTT On Sunday, August 26th, 2018
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Growth rate in bank loans fall in Turkey as lira declines and interest rates climb

Banks in Turkey   Due to the rapid depreciation of the Turkish lira and the rise in interest rates, the growth rate of loans provided by private banks has fallen below 1 percent. Turkey’s economy has received More...

Does Turkish banking sector have foreign exchange risk based on fall of Turkish Lira?
By BTT On Thursday, August 16th, 2018
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Turkey will find ways to overcome the crisis thanks to its financial stability

Economists comment that Turkey has a sustainable economy model and despite great pressure from outside it will find ways to overcome recent fluctuations via local currency and financial stability. Looking at most More...

By BTT On Thursday, August 16th, 2018
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Turkey’s industry will not be negatively affected thanks to precautions taken

It was stated by the Industry and Technology Minister Mustafa Varank that the government was taking necessary precautions against the financial attack and it would not allow Turkey’s industry to be negatively More...