Channel: economy – Good Morning Turkey
Early election in Turkey would prolong economic risk: Finance minister
Turkish economic growth would take a hit if talks to form a coalition government fail and a new election is called, Finance Minister Mehmet Şimşek said on July 15, warning that the uncertainty risked...
View ArticleTurkish house sales rise by 19.1 percent in June
The house sales in Turkey have increased by 19.1 percent to 110,657 units in June 2015, in comparison with last year’s rates, according to data released by the Turkish Statistics Institute (TÜİK) on...
View ArticleAKP, CHP agree on the need for structural economic reforms
The Justice and Development Party (AKP) and the Republican People’s Party (CHP) have agreed on the need for structural economic reforms during lengthy exploratory coalition talks, which are expected to...
View ArticleEnd of peace process equals disastrous effects on Turkey’s economy, political...
The end of peace process will have disastrous effects on Turkey’s political system and economy, said world renowned economist Daron Acemoğlu, in an interview with the Anadolu Agency. “The peace process...
View ArticleInvestment guru says Turkey’s economy not ‘fragile’
Mark Mobius, the executive chairman of the Templeton Emerging Markets Group, has said Turkey’s economy was not “fragile” in an interview with Anadolu Agency, adding there were great opportunities in...
View ArticlePM says there is ‘nothing to worry about’ in Turkish economy
Turkish Prime Minister Ahmet Davutoğlu said the rise in the U.S. dollar’s value is reflexive, and not a signal of any structural or permanent economic crisis in Turkey, during a meeting with a group of...
View ArticleGas storage facility in Turkey to come online by 2019
The gas storage facility under Lake Tuz in Central Anatolia will become fully operational by 2019, according to sources from the Energy Ministry. Some 65 percent of the construction activities have...
View ArticleTurkey’s economic confidence index decreases amid uncertainties
Turkey’s economic confidence index fell 1.9 percent month-on-month to 84.28 in August from a revised 85.87 in July, data from the Turkish Statistics Institute (TÜİK) showed on Aug. 28. This decrease in...
View ArticleTurkey’s exports drops 4.9 percent in August
Turkey’s exports decreased by 4.9 percent to $10.48 billion in August year-on-year largely due to fluctuations in parity and geopolitical risks, the Exporters’ Assembly of Turkey (TİM) announced on...
View ArticleMinimum wage setting increasingly driven by politics as opposed to sound...
Politically driven minimum wage setting around the world is endangering the health of economies and societies, according to a report released on Sept. 2 by the JustJobs Network, a global jobs think...
View ArticleMercedes-Benz comfortable in Turkey: Executive
Mercedes-Benz Türk is closely following fluctuations in the Turkish Lira, but these fluctuations have not affected the company’s investment plans in the country, a senior executive said at an event to...
View ArticleNew Turkish economy tsar sees below-target growth but uncertainty clearing
Turkey’s new deputy prime minister in charge of the economy said on Sept. 8 that growth and inflation would miss government targets this year but the political uncertainty which has hammered the lira...
View ArticleTurkish finance minister says political uncertainty biggest risk to economy
Political instability poses the biggest risk to Turkey’s economy, Finance Minister Mehmet Şimşek said on Sept. 9, citing potential damage to public finances and further pressure on budget and current...
View ArticleTurkish economy to grow 3 percent this year: Deputy PM
The Turkish economy is expected to grow only 3 percent this year, a reduction from the government’s target of 4 percent growth, Deputy Prime Minister Cevdet Yılmaz told Anadolu Agency on Sept. 11. The...
View ArticleTurkey’s economic gains, civilian life at stake amid uncertainties: Top bosses
Turkey’s top business organization has warned about the risks that political uncertainties, market fluctuations and security risks pose to Turkey’s economic gains, urging politicians to refocus on...
View ArticleIran’s economy stagnates as shoppers wait for foreign brands
Two months after Iran reached a nuclear deal that will open its markets to the world, officials are warning of economic stagnation as consumers hold off on purchases of domestic goods while they wait...
View ArticleTurkish tourism ministry announces new support package to overcome losses
Turkish Culture and Tourism Ministry has revealed a new support program to overcome sector losses mainly due to economic problems in Russia and neighboring countries. The ministry will offer financial...
View ArticleTurkey: Foreign investment hit $3.39 billion in July
Foreign direct investment (FDI) in Turkey reached $3.39 billion in July, according to a report from the Ministry of Economy on Sept. 30. From January to July, FDI inflows were $9.71 billion, said the...
View ArticlePolitical ambitions put Turkey’s future at risk: Top boss
High political ambitions should not put Turkey’s future into danger and businesspeople who enable the country to progress should no longer be hindered, according to the head of Turkey’s top business...
View ArticleAssembling increases in Turkey’s industry, lowering internally generated...
When machinery and equipment, intermediate goods, raw material, anything that a business requires for its production (i.e. its supply chain) are owned and produced by the same company, it is called 100...
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