S & P and Moody’s lower Turkey’s credit rating note on same day

S & P and Moody's lower Turkey's credit rating note on same day

Standard & Poor’s Office   Two international credit rating agencies have made announcements on the same day, both lowering Turkey’s credit rating note. While S & P left the credit outlook at stable, Moody’s dropped it to negative. On the other hand, S & P also said in its statement a contraction in Turkey’s economy More...

by BTT | Published 21 hours ago
Turkey cannot stop rise in dollar despite increase in interest rates
By BTT On Friday, August 17th, 2018
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Central Bank survey shows markets forecast year-end US dollar/TL rate at 5.9663

US Dollar Turkish Lira – BusinessTurkeyToday.com   In the most recent expectation survey conducted by the Central Bank, the year-end dollar expectancy is observed to have risen from 4.8328 to 5.9663. More...

Experts express concern Turkey could see 20 percent inflation in September
By BTT On Friday, August 17th, 2018
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Experts express concern Turkey could see 20 percent inflation in September

Open market place in Turkey   Following the swift rise in dollar against Turkish Lira, Turkey’s administration took new measures with the final target to put out the fire in economy and although the steps More...

New measures by ministry to overcome onslaught against Turkey’s economy
By BTT On Friday, August 17th, 2018
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New measures by ministry to overcome onslaught against Turkey’s economy

Berat Albayrak – Economy Minister, Turkey   A statement issued by Treasury & Finance Ministry said Turkey continued its policy initiated to break the effects of the economic onslaught started against 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...

By BTT On Tuesday, August 14th, 2018
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Businessmen Associations share steps Turkish government should take against crisis

TÜSİAD (Turkey’s Industrialists and Businessmen Association) and TOBB (Turkey’s Chambers and Stock Markets Union) have released an announcement mentioning “issues incurred in economy would be overcome in More...

New measures by ministry to overcome onslaught against Turkey’s economy
By BTT On Tuesday, July 10th, 2018
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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, 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...