Growth rate in bank loans fall in Turkey as lira declines and interest rates climb
Due to the rapid depreciation of the Turkish lira and the rise in interest rates, the growth rate of
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Business Sectors
Turkey’s iron and steel sector starts searching for new markets after sanctions by USA
Iron and steel sector is very important for Turkey in terms of the contribution it provides to foreign revenues.
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Turkey responds to US sanctions with US$ 533 million additional taxes on US goods
Regarding US sanctions on imports from Turkey, Trade Minister RUHSAR PEKCAN said “We have doubled the 22-item tax rate
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S & P and Moody’s lower Turkey’s credit rating note on same day
Two international credit rating agencies have made announcements on the same day, both lowering Turkey’s credit rating note. While
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Central Bank survey shows markets forecast year-end US dollar/TL rate at 5.9663
In the most recent expectation survey conducted by the Central Bank, the year-end dollar expectancy is observed to have
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Experts express concern Turkey could see 20 percent inflation in September
Following the swift rise in dollar against Turkish Lira, Turkey’s administration took new measures with the final target to
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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
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Erin Motor, a Turkish company producing & exporting new generation diesel engines
ERIN MOTOR is a Turkish company which started its adventure in 2008, to design and manufacture original diesel engines
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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
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Does Turkish banking sector have foreign exchange risk based on fall of Turkish Lira?
The Turkish Lira has seen a non-stop substantial fall against US Dollar during recent days, to worry experts about the balances
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Turkey targets to increase its aluminum exports to US$ 8 billion by 2023
Turkey is determined to realize USD 500 billion worth of exports by 2023, the centenary of the establishment of the
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