“Consumer Price Index” increases by 12.15 percent compared to same month last year

Economists say Turkey could face difficult times in economy after June 24 elections

Turkish Statistical Institute (TUIK) has released most recent consumer price index (CPI) results. Based on data shared by TUIK an increase of 12.15 percent was recorded in May 2018 as compared to the same month last year. The increase in May as compared to the previous month was calculated as 1.62 percent and 11.10 percent on twelve months moving averages More...

by BTT | Published 2 weeks ago
Turkey’s Finance Minister: We will do financial tightening as soon as possible
By BTT On Saturday, June 2nd, 2018
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Turkey’s Finance Minister: We will do financial tightening as soon as possible

Naci Ağbal, Turkey’s Finance Minister   Mr. Naci AGBAL, Turkey’s Finance Minister has made statements about financial policies Turkey is to follow in the coming period to overcome pending economic More...

Are Turkey’s banks strong enough to protect themselves against economic fluctuations?
By BTT On Friday, June 1st, 2018
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Are Turkey’s banks strong enough to protect themselves against economic fluctuations?

BRSA(Banking Regulation & Supervision Agency)   Ahead of presidential and deputy elections to be held on 24 June 2018, Turkey’s economy is facing some difficulties such as excessive devaluation of Turkish More...

Regarding Moody’s decision SIMSEK says Turkey's banking sector is healthy & sound
By BTT On Saturday, May 26th, 2018
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Turkey’s Deputy PM says “We will not be stubborn with the markets”

Turkish Deputy Prime Minister Mehmet SIMSEK – BusinessTurkeyToday.com   Mehmet SIMSEK (Deputy Prime Minister for the Economy) who is scheduled to go to London next week with Murat CETINKAYA, President More...

Sberbank sells Turkey’s Denizbank to Emirates NBD from Dubai for US$ 3.2 billion
By BTT On Tuesday, May 22nd, 2018
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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 More...

Candidates to run for Turkey's president in May elections start declaring manifestos
By BTT On Sunday, May 20th, 2018
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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
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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 "Economic Coordination Board" convenes at Presidential Palace in Ankara
By BTT On Thursday, May 17th, 2018
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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
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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...