Turkey’s Central bank raises year-end inflation and US dollar forecast

Central Bank of Turkey publishes forecast for yearend exchange rates

The central bank of Turkey has raised its year-end inflation forecast to 11.46 percent from 10.82 percent and its year-end dollar forecast to 7.60 from 7.34. The central bank published the “September 2020 Expectations Survey”, which it conducted with 59 participants consisting of representatives of the real sector, financial sector and professionals. More...

by BTT | Published 2 weeks ago
Moody’s forecasts 2 percent contraction in Turkey’s economy in 2019
By BTT On Sunday, September 13th, 2020

Moody’s downgrades Turkey’s credit rating from ‘B1 ‘to ‘B2′, with outlook as negative

International credit rating agency Moody’s has downgraded Turkey’s long-term foreign currency credit rating from ‘B1 ‘to ‘B2′, leaving the rating outlook at “negative”. The agency said More...

By BTT On Sunday, August 23rd, 2020

Will Turkey extract natural gas with int’l companies or via domestic facilities?

Turkey’s exploration of 320 billion cubic meters of natural gas in Sakarya Basin with its new name (formerly known as Tuna-1) offshore Zonguldak was the most important agenda item of the week. Experts say More...

Istanbul Stock Market capital outflow
By BTT On Friday, August 14th, 2020

Biggest foreign outflow in the Turkish stock market in the last 15 months

The stock market in Istanbul attracted the attention of the international press when foreigners sold their stocks. On March August 7, foreign investors posted a net outflow of $ 566.5 million, the largest foreign More...

Central Bank announces end-year US dollar and inflation forecast for 2019
By BTT On Tuesday, July 28th, 2020

Turkey’s state-owned banks sell US$ 2 billion in 2 days to defend lira

After resting at around 6.85 level for a long period of time Dollar / TL has recorded sharp movements for the last 2 days. Based on information provided by sources close to the matter, Bloomberg has quoted state-owned More...

Turkey’s automotive sector achieves US$ 2.9 billion foreign sales in July 2019
By BTT On Friday, July 3rd, 2020

Automobile & light commercial vehicle market increases by 66.3 percent in Turkey in June

Automotive industry in Turkey According to ODD’s (The Automotive Distributors Association) data, the automobile and light commercial vehicle market in June increased by 66.3 percent compared to the same period More...

By BTT On Monday, April 6th, 2020

E-commerce giant Hepsiburada will hire 5 thousand people for new business potential

Because of the outbreak of the corona virus which has ravaged the world, people who have had to stay at home meet their needs by ordering online. In the meantime e-commerce platform Hepsiburada has announced that More...

By BTT On Sunday, March 8th, 2020

A brief review of food retail sector in Turkey and largest chains

Turkey is a developing country with a population of approximately 82 million. The major towns in the country have received a huge immigration for many years and the retail sector in big towns have substantially More...

By BTT On Wednesday, January 29th, 2020

Turkey expects 75 million tourists, $ 65 billion in revenue based on 2023 Tourism Strategy

  According to the 2023 strategy announced by Ministry of Tourism the country targets to welcome more than 75 million tourists in 2023 as a result of the works to be carried out and new multifaceted practices. More...

By BTT On Sunday, January 26th, 2020

Tatmetal Flat Steel Co ranks 89th on Turkey’s 500 largest industrial enterprises list

TATMETAL, Turkey’s leading flat sheet producer, continues its rise in the list of “Turkey’s 500 largest industrial enterprises” prepared annually by the Istanbul Chamber of Industry (ISO). TATMETAL More...