Sberbank sells Turkey’s Denizbank to Emirates NBD from Dubai for US$ 3.2 billion

Sberbank sells Turkey’s Denizbank to Emirates NBD from Dubai for US$ 3.2 billion

Denizbank Branch, Turkey   Emirates NBD has bought Denizbank from Sberbank for US$ 3.2 billion. According to the statement made, the final agreement was signed. Sberbank had bought Denizbank for $ 3.5 billion in 2012. Emirates NBD which is Dubai’s largest bank was established in 2007 and has a total asset size of about US$ 128 billion. According More...

by BTT | Published 4 days ago
Candidates to run for Turkey's president in May elections start declaring manifestos
By BTT On Sunday, May 20th, 2018
0 Comments

Candidates to run for Turkey’s president in May elections start declaring manifestos

Muharrem Ince, CHP candidate for president (Turkey)   As the presidential election to be held on June 24, 2018 approaches, the candidates to run for president of Turkey have started to declare their manifestos. More...

Turkey cannot stop rise in dollar despite increase in interest rates
By BTT On Sunday, May 20th, 2018
0 Comments

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 "Economic Coordination Board" convenes at Presidential Palace in Ankara
By BTT On Thursday, May 17th, 2018
0 Comments

Turkey’s “Economic Coordination Board” convenes at Presidential Palace in Ankara

“Economic Coordination Board” Meeting at Presidential Palace, Ankara   Due to economic issues that needed urgent attention President ERDOGAN convened the Economic Coordination Board at the Presidential More...

Turkey’s unemployment rate declines to 10.6 percent in February 2018
By BTT On Tuesday, May 15th, 2018
0 Comments

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
0 Comments

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
0 Comments

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
0 Comments

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...

Turkish bankers say banking sector expects a strong growth in 2018
By BTT On Sunday, May 13th, 2018
0 Comments

Turkish bankers say banking sector expects a strong growth in 2018

Ziraat Bank Branch – Turkey   Despite several major problems its economy has been coping with for a while Turkey’s bankers are hopeful about the performance of the sector in 2018. In fact some of them More...

Turkish food giant ULKER announces 14 percent turnover growth for first quarter 2018
By BTT On Sunday, May 13th, 2018
0 Comments

Turkish food giant ULKER announces 14 percent turnover growth for first quarter 2018

ULKER (Turkish Snacks Producer Exporter) products   ULKER BISKUVI (Biscuit) has announced the results for the first quarter of 2018. The snack roll turnover of the company grew by 14 percent in said period More...