Turkey’s economy management undergoes major change

Turkey’s economy management undergoes major change

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 7 days ago
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...

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...

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...

Opening ceremony for TANAP project to carry Azeri gas to Europe will be held on 12 June
By BTT On Sunday, June 10th, 2018
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Opening ceremony for TANAP project to carry Azeri gas to Europe will be held on 12 June

Natural Gas Pipeline – Tanap Project   The inauguration ceremony for Trans-Anatolian Natural Gas Pipeline (TANAP) which has been under construction by Turkey and Azerbaijan for 3 years will be held on More...

What does Turkey need to do to recover economy after elections?
By BTT On Saturday, June 9th, 2018
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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 More...

Central Bank Governor says inflation will gradually decrease in Turkey
By BTT On Friday, June 8th, 2018
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Turkey’s Central Bank increases its policy rate by 125 basis points

The Central Bank of Turkey surprised the market with a strong move to tighten the markets and increased its policy rate by 125 basis points. The expectation was that the interest rate would go up by 50-100 basis More...