DEVELOPMENTS IN THE TURKISH ECONOMY

   
09/09/2024 Turkey’s Investment Office has published its September 2024 newsletter
06/09/2024 Turkish Treasury reports cash deficit of USD 5.7 billion in August 2024
06/09/2024 Fitch has upgraded Turkey’s credit rating from “B+” to “BB-+ with stable outlook
05/09/2024 Turkish Government presents its medium-term economic program (2025-2027)
03/09/2024 Turkey’s official annual inflation rate decreases to 51.97% in August 2024
03/09/2024 Light commercial vehicle sales in Turkey fall 9.5% in first eight months of 2024
02/09/2024 Turkey’s economy grows 2.5% in the second quarter of 2024
02/09/2024 Turkey’s foreign trade deficit is USD 4.9 billion in August 2024 per preliminary calculations
30/08/2024 Turkey’s non-performing loans are USD 7.4 billion, 1.70% of total loans as of July 2024
29/08/2024 Turkey’s economic confidence index decreases 1.3% to 93.1 points in August 2024
28/08/2024 Turkey’s foreign trade deficit is USD 7.3 bn in July 2024
23/08/2024 No. of foreigners visiting Turkey in July 2024 increased 2.6% to 7.3 million
23/08/2024 No. of companies closing in Turkey in July 2024 increased by 39.8%
22/08/2024 Turkey’s consumer confidence index increases 0.6% to 76.4 points in August 2024
20/08/2024 Turkish Central Bank’s policy interest rate is kept unchanged at 50%
20/08/2024 Turkey’s central administration gross debt stock is TL 8,106 billion as of July 2024
19/08/2024 Turkey’s automotive production decreased by 13.9% in July 2024
19/08/2024 Turkey’s short-term external debt stock is USD 180.5 billion as of June 2024
19/08/2024 Turkey’s net international investment position is minus USD 328.5 billion as of June 2024
16/08/2024 Turkey’s private sector foreign debt is USD 171.1 billion in June 2024
15/08/2024 Turkish Central Bank’s gross reserves increase 3.5% to USD 147.9 bn as of July 31st 2024
15/08/2024 Turkey records a budget deficit of USD 2.9 billion in July 2024
13/08/2024 FDI to Turkey in first half of 2024 is USD 4.7 billion
13/08/2024 Turkey has a current account surplus of 407 million in June 2024
13/08/2024 Property sales to foreigners in Turkey is 1.8% of total sales in July 2024
12/08/2024 Turkey’s Investment Office has published its August 2024 newsletter
12/08/2024 Turkey’s official unemployment rate is 9.2% in June 2024
09/08/2024 Turkey’s Industrial Production Index fell annually by 4.7% in June 2024
08/08/2024 Turkish Central Bank keeps its inflation forecast for 2024 yearend unchanged at 38%
07/08/2024 Turkish Treasury reports cash deficit of USD 4.1 billion in July 2024
05/08/2024 Turkey’s official annual inflation rate decreases to 61.78% in July 2024
02/08/2024 Turkey’s foreign trade deficit is USD 7.2 billion in July 2024 per preliminary calculations
02/08/2024 Automotive sales in Turkey in July 2024 fell 17.5%
31/07/2024 Turkey’s tourism revenue increases 11.8% to USD 14.9 billion in 2nd Q. of 2024
31/07/2024 No. of foreigners visiting Turkey in first half of 2024 increased 10.3% to 21.6 million
31/07/2024 Turkey’s foreign trade deficit is USD 42.6 billion in first half of 2024
30/07/2024 Turkey’s economic confidence index decreases 1.5% to 94.4 points in July 2024
30/07/2024 Turkey’s non-performing loans are USD 6.6 billion, 1.54% of total loans as of June 2024
23/07/2024 Turkish Central Bank’s policy interest rate kept unchanged at 50%
23/07/2024 Turkey’s consumer confidence index decreases 3.1% to 75.9 points in July 2024
22/07/2024 Turkey’s central administration gross debt stock is TL 7,884.5 billion as of June 2024
19/07/2024 Moody's upgrades Turkey’s B3 credit rating to B1 to B3, with outlook remaining positive
19/07/2024 Turkey’s net international investment position is minus USD 333.5 billion as of May 2024
19/07/2024 No. of companies opening in Turkey in June 2024 decreased by 29.9%
18/07/2024 Turkish Central Bank’s gross reserves decrease 0.5% to USD 142.9 bn as of June 30th 2024
18/07/2024 Turkey’s short-term external debt stock is USD 182.5 billion as of May 2024
17/07/2024 Property sales to foreigners in Turkey is 1.8% of total sales in June 2024
17/07/2024 Turkey’s private sector foreign debt is USD 168.5 billion in May 2024
16/07/2024 Turkey records a budget deficit of USD 8.4 billion in June 2024
14/07/2024 Turkey’s automotive production decreased by 15.8% in June 2024
12/07/2024 Turkey’s current account deficit is USD 1.2 billion in May 2024
12/07/2024 FDI to Turkey in May 2024 is USD 1.1 billion
10/07/2024 Turkey’s Industrial Production Index increased monthly by 1.7% in May 2024
10/07/2024 Turkey’s official unemployment rate is 8.4% in May 2024
08/07/2024 Fortune 500 list (2023) has been published for Turkey
05/07/2024 Turkish Treasury reports cash deficit of USD 13.1 billion in June 2024
04/07/2024 Turkey’s non-performing loans are USD 6.6 billion, 1.54% of total loans as of May 2024
03/07/2024 Turkey’s official annual inflation rate decreases to 71.60% in June 2024
03/07/2024 Turkey’s Investment Office has published its July 2024 newsletter
03/07/2024 Turkey’s foreign trade deficit is USD 6.4 billion in June 2024 per preliminary calculations
02/07/2024 Automotive sales in Turkey in 1st half of 2024 increased 3.7%
28/06/2024 No. of companies closing in Turkey in May 2024 increased by 37.5%
28/06/2024 Turkey’s foreign trade deficit is USD 6.5 billion in May 2024
28/06/2024 Turkey’s gross external debt stock is USD 506.8 billion as end of first quarter of 2024
27/06/2024 Turkish Central Bank maintains its policy interest rate unchanged at 50%
27/06/2024 Turkey’s economic confidence index decreases 2.5% to 95.8 points in June 2024
25/06/2024 No. of foreigners visiting Turkey in May 2024 increased 14% to 5.1 million
20/06/2024 Turkey records a budget surplus of USD 6.8 billion in May 2024
20/06/2024 Turkey’s central administration gross debt stock is TL 7,641.3 billion as of May 2024
20/06/2024 Turkey’s consumer confidence index decreases 2.7% to 78.3 points in June 2024
17/06/2024 Turkey’s car exports increased 8.1% in May 2024
15/06/2024 Turkish Central Bank’s gross reserves surge up 15.6% to USD 143.6 bn as of May 31st 2024
14/06/2024 Turkey’s net international investment position is minus USD 325.3 billion as of April 2024
13/06/2024 Turkey’s short-term external debt stock is USD 180.1 billion as of April 2024
13/06/2024 Property sales to foreigners in Turkey is 1.9% of total sales in May 2024
12/06/2024 Turkey’s private sector foreign debt is USD 165.1 billion in April 2024
10/06/2024 Turkey’s official unemployment rate is 8.5% in April 2024
10/06/2024 Turkey’s Industrial Production Index decreased monthly by 4.9% in April 2024
10/06/2024 Turkey’s current account deficit is USD 5.3 billion in April 2024
10/06/2024 FDI to Turkey in April 2024 is USD 1.3 billion
07/06/2024 Turkish Treasury reports cash surplus of USD 7.3 billion in May 2024
05/06/2024 Turkey’s Investment Office has published its June 2024 newsletter
04/06/2024 Automotive sales in Turkey in May 2024 decreased 10.1%
03/06/2024 Turkey’s official annual inflation rate increases to 75.45% in May 2024
03/06/2024 Turkey’s foreign trade deficit is USD 6.5 billion in May 2024 per preliminary calculations
31/05/2024 Turkey’s economy grows 5.7% in the first quarter of 2024
31/05/2024 Turkey’s non-performing loans are USD 6.3 billion, 1.53% of total loans as of April 2024
30/05/2024 Turkey’s foreign trade deficit is USD 9.9 billion in April 2024
30/05/2024 Turkey’s economic confidence index decreases 0.8% to 98.2 points in May 2024
24/05/2024 No. of foreigners visiting Turkey in April 2024 increased 8.7% to 3.6 million
24/05/2024 No. of companies closing in Turkey in April 2024 increased by 29.9%
23/05/2024 Turkey’s consumer confidence index increases marginally 0.1% to 80.51 points in May 2024
23/05/2024 Turkish Central Bank’s policy interest rate remains unchanged at 50%
20/05/2024 Turkey’s central administration gross debt stock is TL 7,492.6 billion as of April 2024
20/05/2024 Turkey’s net international investment position is minus USD 317.6 billion as of March 2024
17/05/2024 Turkey’s short-term external debt stock is USD 175.4 billion as of March 2024
17/05/2024 Turkish Central Bank’s gross reserves are up 1% at USD 124.3 billion as of April 2024
17/05/2024 Property sales to foreigners in Turkey fall 48.4% in first four months of 2024
16/05/2024 Turkey’s automotive production decreased 13.2% in April 2024
16/05/2024 Turkey’s private sector foreign debt is USD 165.7 billion in March 2024
15/05/2024 Turkey records a budget deficit of USD 5.5 billion in April 2024
13/05/2024 Turkish Central Bank revises its current account balances between 2012 and 2023 up by USD 47.1 billion
13/05/2024 FDI to Turkey in 1st Q. of 2024 is USD 1.5 billion
10/05/2024 Turkey’s Industrial Production Index increased annually by 4.3% as of March 2024
10/05/2024 Turkey’s official unemployment rate is 8.6% in March 2024
09/05/2024 Turkish Central Bank increases its inflation forecast for 2024 yearend to 38%
08/05/2024 Turkish Treasury reports cash deficit of USD 7.3 billion in April 2024
06/05/2024 Turkey’s non-performing loans are USD 6.1 billion, 1.51% of total loans as of March 2024
03/05/2024 Turkey’s foreign trade deficit is USD 9.9 billion in April 2024 per preliminary calculations
03/05/2024 Turkey’s Investment Office has published its May 2024 newsletter
03/05/2024 Turkey’s official annual inflation rate increases to 69.80% in April 2024
03/05/2024 Automotive sales in Turkey in April 2024 decreased 22.3%
03/05/2024 S&P Global upgrades Turkey’s sovereign rating to 'B+' from 'B' with positive outlook
02/05/2024 OECD increases Turkey’s 2024 growth forecast to 3.4%
30/04/2024 No. of foreigners visiting Turkey in March 2024 increased 15.7% to 2.7 million
30/04/2024 Turkey’s foreign trade deficit is USD 7.3 billion in March 2024
30/04/2024 Turkey’s tourism revenue increases 5.4% to USD 8.8 billion in 1st Q. of 2024
29/04/2024 Turkey’s economic confidence index decreases 1% to 99 points in April 2024
26/04/2024 No. of companies closing in Turkey in 1st Q. of 2024 increased by 26.6%
25/04/2024 Turkey’s net international investment position is minus USD 314.2 billion as of February 2024
25/04/2024 Turkish Central Bank keeps its policy interest rate unchanged at 50%
24/04/2024 Turkey’s short-term external debt stock is USD 173.6 billion as of February 2024
22/04/2024 Turkey’s automotive production decreased 4.3% in March 2024
22/04/2024 Turkey’s consumer confidence index increases 1.4% to 80.5 points in April 2024
22/04/2024 Turkey’s central administration gross debt stock is TL 7,499.8 billion as of March 2024
19/04/2024 Turkey’s private sector foreign debt is USD 163.4 billion in February 2024
18/04/2024 Property sales to foreigners in Turkey in March 2024 low at only 1.7% of total domestic sales
18/04/2024 Turkish Central Bank’s gross reserves are down 4.2% at USD 123.1 billion as of March 2024
17/04/2024 FDI to Turkey is a meagre USD 240 million in February 2024
17/04/2024 Turkey’s current account deficit is USD 3.3 billion in February 2024
15/04/2024 Turkey’s official unemployment rate is 8.7% in February 2024
15/04/2024 Turkey records a budget deficit of USD 16.7 billion in 1st Q. of 2024
15/04/2024 Turkish Central Bank announces TL 818.2 billion loss for 2023
08/04/2024 Turkey’s Industrial Production Index increased annually by 11.5% as of February 2024
05/04/2024 Turkish Treasury reports cash deficit of USD 5.2 billion in March 2024
04/04/2024 Turkey’s foreign trade deficit is USD 7.5 billion in March 2024 per preliminary calculations
04/04/2024 Turkey’s Investment Office has published its April 2024 newsletter
03/04/2024 Turkey’s official annual inflation rate increases to 68.50% in March 2024
02/04/2024 Automotive sales in Turkey in 1st Quarter of 2024 increased 25.2%
31/03/2024 Istanbul remains at 110th place on the Global Financial Centres Index
29/03/2024 Turkey’s foreign trade deficit is USD 6.8 billion in February 2024
29/03/2024 Turkey’s gross external debt stock is USD 499.9 billion as of yearend 2023
29/03/2024 Turkey’s non-performing loans are USD 6.3 billion, 1.56% of total loans as of February 2024
28/03/2024 Turkey’s economic confidence index increases 1% to 100 points in March 2024
25/03/2024 The official annual unemployment rate for 2023 has been announced as 9.4%
22/03/2024 No. of foreigners visiting Turkey in February 2024 increased 22.7% to 2.3 million
22/03/2024 No. of companies closing in Turkey in February 2024 increased by 65.5%
21/03/2024 Turkish Central Bank raises its policy interest rate from 45% to 50%
20/03/2024 Turkish Central Bank’s gross reserves are USD 128.5 billion as of February 2024
20/03/2024 Turkey’s central administration gross debt stock is TL 7,238.1 billion as of February 2024
20/03/2024 Turkey’s consumer confidence index increases marginally 0.02% to 79.4 points in March 2024
19/03/2024 Turkey’s net international investment position is minus USD 300 billion as of January 2024
18/03/2024 Turkey’s short-term external debt stock is USD 174.9 billion as of January 2024
15/03/2024 Turkey records a budget deficit of USD 4.9 billion in February 2024
15/03/2024 Turkey’s private sector foreign debt is USD 162 billion in January 2024
14/03/2024 Property sales to foreigners in Turkey in February 2024 lowest since May 2021
12/03/2024 Turkey’s Industrial Production Index increased annually by 1.1% as of January 2024
12/03/2024 FDI to Turkey is USD 756 million in January 2024
12/03/2024 Turkey’s current account deficit is USD 2.6 billion in January 2024
11/03/2024 Turkey’s official unemployment rate is 9.1% in January 2024
11/03/2024 Turkey’s car production increased 31.7% in February 2024
09/03/2024 Fitch has upgraded Turkey’s credit rating from “B” to “B+ with positive outlook
08/03/2024 Turkish Treasury reports cash deficit of USD 6.4 billion in February 2024
07/03/2024 Turkey’s Investment Office has published its March 2024 newsletter
05/03/2024 Turkey’s official annual inflation rate increases to 67.07% in February 2024
04/03/2024 Turkey’s foreign trade deficit is USD 7 billion in February 2024 per preliminary calculations
04/03/2024 Automotive sales in Turkey in February 2024 increased 39.7%
29/02/2024 Turkey’s non-performing loans are USD 6.5 billion, 1.62% of total loans as of January 2024
29/02/2024 Turkey’s economy grows 4.5% in 2023
28/02/2024 Turkey’s foreign trade deficit is USD 6.2 billion in January 2024
28/02/2024 Turkey’s economic confidence index decreases 0.4% to 99 points in February 2024
23/02/2024 No. of companies opening in Turkey in January 2024 decreased by 24.1%
23/02/2024 No. of foreigners visiting Turkey in January 2024 increased 2.1% to 2 million
22/02/2024 Turkish Central Bank keeps its policy interest rate unchanged at 45%
21/02/2024 Turkey’s consumer confidence index decreases 1.3% to 79.3 points in February 2024
21/02/2024 Turkey’s net international investment position is minus USD 285.2 billion as of yearend 2023
20/02/2024 Turkey’s central administration gross debt stock is TL 6,965.1 billion as of January 2024
19/02/2024 Turkey’s short-term external debt stock is USD 174.4 billion as of yearend 2023
16/02/2024 Turkey’s private sector foreign debt is USD 164.4 billion as of yearend 2023
16/02/2024 Property sales in Turkey decrease by 17.8% in January 2024
15/02/2024 Turkish Central Bank’s gross reserves are USD 133.9 billion as of January 2024
15/02/2024 Turkey records a budget deficit of USD 5 billion in January 2024
13/02/2024 FDI to Turkey is USD 10.6 billion in 2023
13/02/2024 Turkey’s records a current account deficit of USD 45.2 billion in 2023
12/02/2024 Turkey’s total automotive production decreased 3% in January 2024
12/02/2024 Turkey’s official unemployment rate is 8.8% in December 2023
09/02/2024 Turkey’s Industrial Production Index increases annually by 1.6% as of December 2023
08/02/2024 Turkey’s Investment Office has published its February 2024 newsletter
08/02/2024 Turkish Central Bank’s inflation forecast for 2024 yearend remains at 36%
07/02/2024 Turkish Treasury reports cash deficit of USD 6.8 billion in January 2024
06/02/2024 Turkey’s population announced as 85,372,377 as at 31.12.2023
05/02/2024 Turkey’s official annual inflation rate increases marginally to 64.86% in January 2024
03/02/2024 Automotive sales in Turkey in January 2024 increased 56.6%
31/01/2024 Turkey’s non-performing loans are USD 6.5 billion, 1.62% of total loans at yearend 2023
31/01/2024 No. of foreigners visiting Turkey in 2023 increases 10.4% to 49.2 million
31/01/2024 Turkey’s foreign trade deficit is USD 106 billion in 2023
31/01/2024 Turkey’s tourism revenue increases 16.9% to USD 54.3 billion in 2023
30/01/2024 Turkey’s economic confidence index increases 3.1% to 99.5 points in January 2024
25/01/2024 Turkish Central Bank raises its policy interest rate from 42.5% to 45%
23/01/2024 Turkey’s consumer confidence index increases 3.9% to 80.4 points in January 2024
22/01/2024 Turkey’s central administration gross debt stock is TL 6,722.5 billion as of yearend 2023
19/01/2024 No. of sole proprietorships closing in Turkey in 2023 increased by 42.3%
19/01/2024 Property sales in Turkey decreased by 17.5% in 2023
19/01/2024 Turkey’s net international investment position is minus USD 264.7 billion as of November 2023
18/01/2024 Turkey’s short-term external debt stock is USD 171.9 billion for November 2023
18/01/2024 Turkish Central Bank’s gross reserves are USD 140.9 billion as of December 2023
17/01/2024 Turkey’s private sector foreign debt is USD 163.6 billion as of November 2023
15/01/2024 Deloitte has published its 2023 M&A review for Turkey
15/01/2024 Turkey’s total automotive production increased 8.6% in 2023
15/01/2024 Turkey records a budget deficit of USD 57.8 billion in 2023
13/01/2024 Moody's affirms Turkey’s B3 credit rating, revising its outlook up from stable to positive
12/01/2024 FDI to Turkey is USD 1.3 billion in November 2023
12/01/2024 Turkey’s records a current account deficit of USD 2.7 billion in November 2023
10/01/2024 Turkey’s Industrial Production Index decreases monthly by 1.4% in November 2023
10/01/2024 Turkey’s official unemployment rate increases to 9% in November 2023
09/01/2024 Turkish Treasury reports cash deficit of USD 26.3 billion for the year 2023
08/01/2024 PWC has published its Energy Deals 2023 report
04/01/2024 Automotive sales in Turkey in 2023 increased 57.4% to 1,232,635 units
03/01/2024 Turkey’s Investment Office has published its January 2024 newsletter
03/01/2024 Turkey’s official annual inflation rate increases to 64.77% in December 2023
02/01/2024 Turkey’s foreign trade deficit is USD 6.1 billion in December 2023 per preliminary calculations
29/12/2023 Turkish Central Bank has published its Monetary Policy report for 2024
29/12/2023 Turkey’s non-performing loans are USD 6.1 billion, 1.53% of total loans as of November 2023
29/12/2023 Turkey’s foreign trade deficit is USD 5.9 billion in November 2023
29/12/2023 Turkey’s gross external debt stock is USD 482.6 billion as of end of third quarter of 2023
28/12/2023 Turkey’s economic confidence index increases 1.1% to 96.4 points in December 2023
27/12/2023 Turkey’s net minimum wage has been raised 49% to TL 17,002 (USD 577) as of 01.01.2024
25/12/2023 Turkey’s 2024 budget is ratified by parliament
22/12/2023 No. of foreigners visiting Turkey decreases 1% to 2.5 million in November 2023
22/12/2023 No. of sole proprietorships closing in Turkey in November 2023 increased 294%
21/12/2023 Turkish Central Bank raises its policy interest rate from 40% to 42.5%
21/12/2023 Turkish Central Bank’s gross reserves increase by 8.3% to USD 136.7 billion in November 2023
20/12/2023 Turkey’s central administration gross debt stock is TL 6,573.2 billion in November 2023
20/12/2023 Turkey’s consumer confidence index increases 2.6% to 77.4 points in December 2023
18/12/2023 Turkey’s net international investment position is minus USD 295 billion as of October 2023
15/12/2023 Turkey’s short-term external debt stock is USD 170.7 billion for October 2023
15/12/2023 Turkey records a budget surplus of USD 2.6 billion in November 2023
15/12/2023 Property sales to foreign nationals in Turkey are 2.5% of total domestic sales in November 2023
14/12/2023 Turkey’s private sector foreign debt is USD 157.8 billion as of October 2023
11/12/2023 Turkey’s Industrial Production Index increases annually by 1.1% in October 2023
11/12/2023 Turkey’s official unemployment rate decreases to 8.5% in October 2023
11/12/2023 Turkey’s total automotive imports increase 81.1% in first 11 months of 2023
11/12/2023 Turkey’s records a current account surplus of USD 186 million in October 2023
11/12/2023 FDI to Turkey is USD 1.2 billion in October 2023
07/12/2023 Turkey’s Investment Office has published its December 2023 newsletter
07/12/2023 Turkish Treasury reports a cash surplus of USD 3.3 billion for November 2023
04/12/2023 Turkey’s official annual inflation rate increases marginally to 61.98% in November 2023
04/12/2023 Automotive sales in Turkey surpass 1 million in 1st 11 months of 2023
02/12/2023 Turkey’s foreign trade deficit is USD 5.9 billion in November 2023 per preliminary calculations
30/11/2023 Turkey’s economy grows 5.9% in the third quarter of 2023
30/11/2023 S&P Global revises Turkey’s sovereign rating to positive from stable, with “B” rating affirmed
29/11/2023 OECD increases Turkey’s 2023 growth forecast to 4.5%
29/11/2023 Turkey’s foreign trade deficit is USD 6.5 billion in October 2023
29/11/2023 Turkey’s economic confidence index decreases 1.3% to 95.3 points in November 2023
29/11/2023 Turkey’s non-performing loans are USD 6.1 billion, 1.55% of total loans as of October 2023
24/11/2023 No. of foreigners visiting Turkey increases 3.8% to 5 million in October 2023
24/11/2023 No. of companies closing in Turkey in October 2023 increased 31.7%
23/11/2023 Turkey’s consumer confidence index increases 1.1% to 75.5 points in November 2023
23/11/2023 Turkish Central Bank raises its policy interest rate from 35% to 40%
20/11/2023 Turkey’s central administration gross debt stock is TL 6,276.8 billion in October 2023
20/11/2023 Turkey’s net international investment position is minus USD 298.3 billion as of September 2023
17/11/2023 Turkey’s short-term external debt stock is USD 163.3 billion for September 2023
16/11/2023 Turkey’s private sector foreign debt is USD 157.2 billion as of September 2023
16/11/2023 Property sales to foreign nationals in Turkey are 2.7% of total domestic sales in October 2023
16/11/2023 Turkish Central Bank’s gross reserves increase by 3.3% to USD 126.2 billion in October 2023
15/11/2023 Turkey records a budget deficit of USD 3.4 billion in October 2023
13/11/2023 Turkey’s total automotive production increases 18.6% in October 2023
13/11/2023 Turkey’s records a current account surplus of USD 1.9 billion in September 2023
13/11/2023 FDI to Turkey is USD 6.6 billion in first nine months of 2023
10/11/2023 Turkey’s Industrial Production Index increases annually by 4% in September 2023
10/11/2023 Turkey’s official unemployment rate decreases to 9.1% in September 2023
07/11/2023 Turkish Treasury reports a cash deficit of USD 2.9 billion for October 2023
06/11/2023 Turkey’s Investment Office has published its November 2023 newsletter
06/11/2023 Turkey’s foreign trade deficit is USD 6.7 billion in October 2023 per preliminary calculations
03/11/2023 Turkey’s official annual inflation rate decreases marginally to 61.36% in October 2023
02/11/2023 Turkish Central Bank’s inflation forecast for 2023 yearend increases to 65%
02/11/2023 Car sales in Turkey increase 74.1% in October 2023
31/10/2023 Turkey’s foreign trade deficit is USD 87.2 billion in first 9 months of 2023
31/10/2023 Turkey’s tourism revenue increases 13.1% to USD 20.2 billion in third quarter of 2023
31/10/2023 No. of foreigners visiting Turkey increases 12.7% to 39.2 million in first nine months of 2023
30/10/2023 Turkey’s economic confidence index increases 1.2% to 96.5 points in October 2023
30/10/2023 Turkey’s non-performing loans are USD 6.1 billion, 1.55% of total loans as of September 2023
26/10/2023 Turkish Central Bank raises its policy interest rate from 30% to 35%
23/10/2023 Turkey’s consumer confidence index increases 4.4% to 74.6 points in October 2023
20/10/2023 No. of companies opening in Turkey in September 2023 decreased 15.7%
20/10/2023 Turkey’s central administration gross debt stock is TL 6,069.6 billion in September 2023
20/10/2023 Fitch expects lower bank loan growth in Turkey in 2nd half of 2023
19/10/2023 Turkish Central Bank’s gross reserves increase by 4.8% to USD 122.2 billion in September 2023
18/10/2023 Turkey’s net international investment position is minus USD 303.1 billion as of August 2023
17/10/2023 Turkey’s short-term external debt stock is USD 165.4 billion for August 2023
16/10/2023 Turkey’s total automotive exports decrease 20.3% in September 2023
16/10/2023 Turkey records a budget deficit of USD 23 billion in first nine months of 2023
16/10/2023 Turkey’s private sector foreign debt is USD 155.3 billion as of August 2023
16/10/2023 Property sales to foreign nationals in Turkey are 2.9% of total domestic sales in September 2023
11/10/2023 FDI to Turkey is USD 642 million in August 2023
11/10/2023 Turkey’s current account deficit is USD 619 million in August 2023
10/10/2023 IMF increases its forecast for Turkey’s GDP in 2023 from 3% to 4%
10/10/2023 Turkey’s Industrial Production Index increases annually 3.1% in August 2023
10/10/2023 Turkey’s official unemployment rate is 9.2% in August 2023
06/10/2023 Turkish Treasury reports a cash deficit of USD 2.6 billion for September 2023
04/10/2023 Turkey’s Investment Office has published its October 2023 newsletter
04/10/2023 Turkey’s foreign trade deficit is USD 87.3 bn in first 9 months of 2023 per preliminary calculations
03/10/2023 Turkey’s official annual inflation rate increases to 61.53% in September 2023
03/10/2023 Automotive sales in Turkey increase 64.8% in first 9 months of 2023
29/09/2023 S&P Global revises Turkey’s sovereign rating to stable from negative, with “B” rating affirmed
29/09/2023 Turkey’s non-performing loans are USD 6.5 billion, 1.63% of total loans as of August 2023
29/09/2023 Turkey’s foreign trade deficit is USD 8.7 bn in August 2023
29/09/2023 Turkey’s gross external debt stock is USD 475.8 billion as of end of second quarter of 2023
28/09/2023 Istanbul falls 20 places to 110th place on the Global Financial Centres Index
28/09/2023 Turkey’s economic confidence index increases 1.3% to 95.4 points in September 2023
26/09/2023 ISO publishes survey of Turkey’s Top 500 Industrial Enterprises for 2022
25/09/2023 Turkey’s consumer confidence index increases 5.1% to 71.5 points in September 2023
22/09/2023 No. of companies opening in Turkey in August 2023 decreased 13.9%
22/09/2023 No. of foreigners visiting Turkey increases 5.7% to 6.7 million in August 2023
21/09/2023 Turkish Central Bank’s gross reserves increase by 4.5% to USD 116.6 billion in August 2023
21/09/2023 Turkish Central Bank raises its policy interest rate from 25% to 30%
20/09/2023 Turkey’s central administration gross debt stock is TL 5,880 billion in August 2023
19/09/2023 OECD increases Turkey’s 2023 growth forecast to 4.3%
18/09/2023 Turkey’s net international investment position is minus USD 290.2 billion as of July 2023
15/09/2023 Turkey’s short-term external debt stock is USD 165.8 billion for July 2023
15/09/2023 Turkey records a budget surplus of USD 1.9 billion in August 2023
15/09/2023 Property sales to foreign nationals in Turkey are 2.5% of total domestic sales in August 2023
14/09/2023 Turkey’s private sector foreign debt is USD 155.2 billion as of July 2023
11/09/2023 Turkey’s Industrial Production Index increases annually 7.4% in July 2023
11/09/2023 Turkey’s total automotive production decreases 21.2% in August 2023
11/09/2023 Turkey’s official unemployment rate decreases to 9.4% in July 2023
11/09/2023 FDI to Turkey is USD 827 million in July 2023
11/09/2023 Turkey’s current account deficit is USD 5.5 billion in July 2023
09/09/2023 Fitch has revised Turkey’s credit rating at “B” with stable from negative outlook
08/09/2023 Turkish Treasury reports a cash surplus of USD 2.3 billion for August 2023
07/09/2023 World Bank plans to add USD 18 billion to its support programme for Turkey
06/09/2023 Turkey’s 2024-2026 Medium-Term Programme is published
04/09/2023 Automotive sales in Turkey increase 78.9% in August 2023
04/09/2023 Turkey’s official annual inflation rate rises to 58.94% in August 2023
04/09/2023 Turkey’s foreign trade deficit is USD 8.9 billion in August 2023 per preliminary calculations
01/09/2023 Turkey’s Investment Office has published its September 2023 newsletter
31/08/2023 Moody’s increases its forecast for Turkey’s GDP growth for 2023 to 4.2%
31/08/2023 Turkey’s economy grows 3.8% in the second quarter of 2023
29/08/2023 Turkey’s foreign trade deficit is USD 12.2 billion in July 2023
29/08/2023 Turkey’s non-performing loans are USD 6.3 billion, 1.62% of total loans as of July 2023
28/08/2023 Turkey’s economic confidence index decreases 5.2% to 94.1 points in August 2023
25/08/2023 No. of foreigners visiting Turkey increases 7.3% to a record 7.1 million in July 2023
24/08/2023 Turkish Central Bank raises its policy interest rate from 17.5% to 25%
23/08/2023 Turkey’s consumer confidence index plummets 15.1% to 68 points in August 2023
21/08/2023 Turkey’s central administration gross debt stock is TL 5,823 billion in July 2023
21/08/2023 Turkish Central Bank aims to phase out F/X-protected accounts
18/08/2023 No. of companies closing in Turkey in July 2023 increased 30.3%
18/08/2023 Turkey’s net international investment position is minus USD 252.9 billion as of June 2023
17/08/2023 Turkey’s short-term external debt stock is USD 162.8 billion for June 2023
17/08/2023 Turkish Central Bank’s gross reserves increase by 2.8% to USD 111.6 billion in July 2023
16/08/2023 Turkey’s private sector foreign debt is USD 154.6 billion as of June 2023
15/08/2023 Turkey records a budget surplus of USD 1.8 billion in July 2023
15/08/2023 Property sales to foreign nationals in Turkey are 2.6% of total domestic sales in July 2023
15/08/2023 Turkey’s total automotive production increases 48.4% in July 2023
11/08/2023 FDI to Turkey is USD 4.8 billion in first half of 2023
11/08/2023 Turkey’s current account deficit is USD 36.8 billion in first half of 2023
10/08/2023 Moody’s expresses optimism of Turkey’s credit note turning positive
10/08/2023 Turkey’s Industrial Production Index increases annually 0.6% in June 2023
10/08/2023 Turkey’s official unemployment rate is 9.6% in June 2023
08/08/2023 Turkey has introduced a 20% additional charge for some gold imports
07/08/2023 Turkish Treasury reports a cash surplus of USD 716 million for July 2023
03/08/2023 Turkey’s foreign trade deficit is USD 12.4 billion in July 2023 per preliminary calculations
03/08/2023 Turkey’s official annual inflation rate surges up to 47.83% in July 2023
02/08/2023 Automotive sales in Turkey increase 115.4% in July of 2023
01/08/2023 Turkey’s Investment Office has published its August 2023 newsletter
31/07/2023 Turkey’s non-performing loans are USD 6.5 billion, 1.65% of total loans as of June 2023
31/07/2023 No. of foreigners visiting Turkey increased 19.9% in first half of 2023
31/07/2023 Turkey’s tourism revenue increases 27% to USD 21.7 billion in first half of 2023
28/07/2023 Turkey’s economic confidence index decreases 1.8% to 99.3 points in July 2023
28/07/2023 Turkey’s foreign trade deficit is USD 61.2 billion in first half of 2023
27/07/2023 Turkish Central Bank’s inflation forecast for 2023 yearend increases to 58%
25/07/2023 IMF increases its forecast for Turkey’s GDP in 2023 to 3%
25/07/2023 UK backs Psd Stg 680 million loan for high-speed electric railway in Turkey
24/07/2023 Fitch sees Turkish banks’ profits to weaken in 2023
22/07/2023 Fitch warns for Turkey’s more expedient return to conventional monetary policy
21/07/2023 No. of sole proprietorships opening in Turkey in June 2023 decreased 48.8%
20/07/2023 Turkey’s consumer confidence index decreases 5.9% to 80.1 points in July 2023
20/07/2023 Turkish Central Bank increases its policy interest rate from 15% to 17.5%
20/07/2023 Turkish Central Bank’s gross reserves increase by 11.8% to USD 108.6 billion in June 2023
20/07/2023 Turkey’s central administration gross debt stock is TL 5,617.4 billion in June 2023
18/07/2023 Turkey’s net international investment position is minus USD 294.6 billion as of May 2023
17/07/2023 Turkey records a budget deficit of USD 8.5 billion in June 2023
17/07/2023 Turkey’s total automotive production increases 13.2% in first half of 2023
17/07/2023 Turkey’s short-term external debt stock is USD 165.6 billion for May 2023
14/07/2023 Turkey’s private sector foreign debt is USD 155.4 billion as of May 2023
14/07/2023 Property sales to foreign nationals in Turkey are 3.1% of total domestic sales in June 2023
12/07/2023 Turkey’s Industrial Production Index increases 1.1% in May 2023 from previous month of April
11/07/2023 FDI to Turkey is USD 609 million in May 2023
11/07/2023 Turkey’s current account deficit is USD 7.9 billion in May 2023
10/07/2023 Turkey’s official unemployment rate decreases to 9.5% in May 2023
07/07/2023 Turkish Treasury reports a cash deficit of USD 7.9 billion for June 2023
06/07/2023 Fortune 500 list (2022) has been published for Turkey
05/07/2023 Turkey’s Investment Office has published its July 2023 newsletter
05/07/2023 Turkey’s official annual inflation rate decreases to 38.21% in June 2023
04/07/2023 Automotive sales in Turkey increase 55.3% in first half of 2023
04/07/2023 Turkey’s non-performing loans are USD 8.1 billion, 1.77% of total loans as of May 2023
03/07/2023 Turkey’s foreign trade deficit is USD 61.4 billion in first half of 2023 per preliminary calculations
27/06/2023 Turkey’s gross external debt stock is USD 475.7 billion as of end of first quarter of 2023
24/06/2023 No. of foreigners visiting Turkey increases 16.2% in May 2023
23/06/2023 Turkey’s foreign trade deficit is USD 12.5 billion in May 2023
23/06/2023 Turkey’s economic confidence index decreases 2.5% to 101.1 points in June 2023
23/06/2023 No. of sole proprietorships closing in Turkey in May 2023 increased 138.5%
22/06/2023 Turkish Central Bank increases its policy interest rate from 8.5% to 15%
20/06/2023 Turkey’s central administration gross debt stock is TL 4,734.4 billion in May 2023
20/06/2023 Turkey’s net minimum wage has been raised 34% to TL 11,402 (USD 483) as of 01.07.2023
19/06/2023 Turkey’s consumer confidence index decreases 6.5% to 85.1 points in June 2023
19/06/2023 Turkey’s net international investment position is minus USD 264.5 billion as of April 2023
16/06/2023 Turkey’s short-term external debt stock is USD 161.9 billion for April 2023
15/06/2023 Turkish Central Bank’s gross reserves decrease by 15.5% to USD 97.1 billion in May 2023
15/06/2023 Turkey records a budget surplus of USD 5.8 billion in May 2023
15/06/2023 Turkey’s private sector foreign debt is USD 156.5 billion as of April 2023
15/06/2023 Turkey’s total automotive production increased 31.8% in May 2023
15/06/2023 Property sales to foreign nationals in Turkey are 2.8% of total domestic sales in May 2023
13/06/2023 Fitch says still early to assess Turkiye’s Anticipated Economic Policy Shift
12/06/2023 FDI to Turkey is USD 1.2 billion in April 2023
12/06/2023 Turkey’s current account deficit is USD 5.4 billion in April 2023
12/06/2023 Turkey’s official unemployment rate increases to 10.2% in April 2023
09/06/2023 Turkey’s Industrial Production Index decreases annually 1.2% in April 2023
07/06/2023 Turkish Treasury reports a cash surplus of USD 8.2 billion for May 2023
06/06/2023 World Bank revises Turkey’s growth forecast for 2023 back up to 3.2% from 2.7%
05/06/2023 Turkey’s official annual inflation rate decreases to 39.59% in May 2023
02/06/2023 Turkey’s foreign trade deficit is USD 12.7 billion in May 2023 per preliminary calculations
02/06/2023 Automotive sales in Turkey increase 70.9% in May 2023
01/06/2023 Turkey’s Investment Office has published its June 2023 newsletter
31/05/2023 Turkey’s economy grows 4% in the first quarter of 2023
31/05/2023 Turkey’s non-performing loans are USD 8.8 billion, 1.88% of total loans as of April 2023
30/05/2023 Turkey’s foreign trade deficit is USD 8.7 billion in April 2023
29/05/2023 Turkey’s economic confidence index increases 1.4% to 103.7 points in May 2023
26/05/2023 No. of foreigners visiting Turkey increases 29% in April 2023
25/05/2023 Turkish Central Bank maintains its policy interest rate at 8.5%
22/05/2023 Turkey’s central administration gross debt stock is TL 4,588.1 billion in April 2023
22/05/2023 Turkey’s consumer confidence index increases 4% to 91.1 points in May 2023
22/05/2023 No. of companies opening in Turkey in April 2023 decreased 14.7%
18/05/2023 Turkey’s net international investment position is minus USD 247.4 billion as of March 2023
18/05/2023 Turkish Central Bank’s gross reserves fall by 6.2% to USD 114.9 billion in April 2023
17/05/2023 Turkey’s short-term external debt stock is USD 161.4 billion for March 2023
16/05/2023 Turkey’s private sector foreign debt is USD 158 billion as of March 2023
16/05/2023 Property sales to foreign nationals in Turkey are 3% of total domestic sales in April 2023
15/05/2023 European Commission foresees 3.5% growth for Turkey in 2023
15/05/2023 Turkey records a budget deficit of USD 6.8 billion in April 2023
15/05/2023 Turkey’s total automotive imports increase 86.9% in April 2023
15/05/2023 Fitch sees increased economic risks in Turkey until completion of presidential run-off vote
12/05/2023 Fitch recommends gradual interest rise for Turkish banks if implemented
11/05/2023 FDI to Turkey is USD 2.3 billion in 1st quarter of 2023
11/05/2023 Turkey’s current account deficit is USD 23.4 billion in 1st quarter of 2023
11/05/2023 Fitch sees risks to Turkey’s financial credibility from outcome of May 14th elections
11/05/2023 YASED presents its “FDI in Figures” bulletin for March 2023
10/05/2023 Turkey’s Industrial Production Index increases 5.5% in March 2023 from previous month
10/05/2023 Turkey’s official unemployment rate remains at 10% in March 2023
08/05/2023 Turkish Treasury reports a cash deficit of USD 8.2 billion for April 2023
04/05/2023 Turkish Central Bank’s inflation forecast for 2023 yearend remains at 22.3%
03/05/2023 Turkey’s Finance Office has published its guide to Fintech in Turkey
03/05/2023 Turkey’s non-performing loans are USD 8.3 billion, 1.83% of total loans as of March 2023
03/05/2023 Turkey’s Investment Office has published its May 2023 newsletter
03/05/2023 Turkey’s official annual inflation rate decreases to 43.68% in April 2023
03/05/2023 Automotive sales in Turkey increased 62.7% in April 2023
02/05/2023 Turkey’s foreign trade deficit is USD 8.8 billion in April 2023 per preliminary calculations
28/04/2023 No. of foreigners visiting Turkey increases 26.7% in 1st quarter of 2023
28/04/2023 Turkey’s tourism revenue increases 32.3% to USD 8.7 billion in 1st quarter of 2023
28/04/2023 Turkey’s foreign trade deficit is USD 34.7 billion in 1st quarter of 2023
27/04/2023 Turkish Central Bank’s policy interest rate remains unchanged at 8.5%
27/04/2023 Turkey’s economic confidence index increases 3.5% to 102.2 points in April 2023
26/04/2023 Russian Tatneft purchases Turkish fuel distributor Aytemiz
24/04/2023 No. of companies closing in Turkey in 1st quarter of 2023 increased 32.8%
20/04/2023 Turkey’s central administration gross debt stock is TL 4,487 billion in March 2023
19/04/2023 Turkey’s consumer confidence index increases 9.2% to 87.5 points in April 2023
19/04/2023 Turkish Central Bank’s gross reserves increase by 4.3% to USD 122.4 billion in March 2023
18/04/2023 Turkey’s net international investment position is minus USD 267.1 billion as of February 2023
17/04/2023 Turkey records a budget deficit of USD 13.2 billion in 1st quarter of 2023
17/04/2023 Turkey’s total automotive production increases by 34% in March 2023
17/04/2023 Property sales to foreign nationals in Turkey are 3.2% of total domestic sales in March 2023
17/04/2023 YASED publishes its “Macro Outlook Insights on Türkiye Q1/2023”
14/04/2023 Turkey’s short-term external debt stock is USD 153.1 billion for February 2023
13/04/2023 Turkey’s private sector foreign debt is USD 158 billion as of February 2023
11/04/2023 Turkey’s Industrial Production Index falls 6% in February 2023 from previous month
11/04/2023 IMF moves Turkey back up to number 19 in GDP global ranking
10/04/2023 FDI to Turkey is USD 834 million in February 2023
10/04/2023 Turkey’s official unemployment rate increases to 10% in February 2023
10/04/2023 Turkey’s current account deficit is USD 8.8 billion in February 2023
10/04/2023 YASED presents its “FDI in Figures” bulletin for February 2023
07/04/2023 Turkish Treasury reports a cash deficit of USD 1.7 billion for March 2023
04/04/2023 Automotive sales in Turkey increased 55.2% in 1st quarter of 2023
04/04/2023 Turkey’s foreign trade deficit is USD 34.9 billion in 1st quarter of 2023 per preliminary calculations
03/04/2023 Turkey’s official annual inflation rate decreases to 50.51% in March 2023
01/04/2023 Turkey’s Investment Office has published its April 2023 newsletter
31/03/2023 Turkey’s foreign trade deficit is USD 12.1 billion in February 2023
31/03/2023 Turkey’s gross external debt stock is USD 459 billion as of yearend 2022
31/03/2023 S&P Global revises Turkey’s sovereign rating to negative from stable, with “B” rating affirmed
30/03/2023 Turkey’s economic confidence index decreases 0.2% to 98.8 points in March 2023
29/03/2023 Turkey’s non-performing loans are USD 8.5 billion, 1.94% of total loans as of February 2023
24/03/2023 No. of companies closing in Turkey in February 2023 increased 52.4%
24/03/2023 No. of foreigners visiting Turkey increases 21.4% in February 2023
23/03/2023 Istanbul falls 13 places to 90th place on the Global Financial Centres Index
23/03/2023 The official annual unemployment rate for 2022 has been announced as 10.4%
23/03/2023 Turkish Central Bank keeps its policy interest rate unchanged at 8.5%
23/03/2023 Turkey’s consumer confidence index decreases 2.9% to 80.1 points in March 2023
20/03/2023 Turkey’s central administration gross debt stock is TL 4,211.1 billion in February 2023
20/03/2023 Turkey’s net international investment position is minus USD 262 billion as of January 2023
18/03/2023 Turkish Central Bank’s gross reserves decrease by 6.3% to USD 117.4 billion in February 2023
17/03/2023 Turkey’s short-term external debt stock is USD 152.8 billion for January 2023
17/03/2023 OECD decreases its 2023 growth rate forecast for Turkey to 2.8%
17/03/2023 Fitch affirms Turkey’s credit rating at “B” with negative outlook
16/03/2023 Turkey’s private sector foreign debt is USD 159.7 billion as of January 2023
15/03/2023 Property sales to foreign nationals in Turkey are 4.2% of total domestic sales in February 2023
15/03/2023 Turkey records a budget deficit of USD 9 billion in February 2023
13/03/2023 YASED presents its “FDI in Figures” bulletin for January 2023
13/03/2023 Turkey’s total automotive production increases by 6% in February 2023
13/03/2023 Turkey’s current account deficit is USD 9.8 billion in January 2023
13/03/2023 FDI to Turkey is USD 815 million in January 2023
10/03/2023 Turkey’s official unemployment rate decreases to 9.7% in January 2023
10/03/2023 Turkey’s Industrial Production Index’s annual increase is 4.5% in January 2023
07/03/2023 Turkish Treasury reports a cash deficit of USD 9.1 billion for February 2023
03/03/2023 Turkey’s official annual inflation rate decreases to 55.18% in February 2023
02/03/2023 Turkey’s foreign trade deficit is USD 12.2 billion in February 2023 per preliminary calculations
02/03/2023 Sales of light commercial vehicles in Turkey increased 85.2% in February 2023
01/03/2023 Turkey’s Investment Office has published its March 2023 newsletter
01/03/2023 Turkey’s non-performing loans are USD 8.6 billion, 2.02% of total loans as of January 2023
28/02/2023 Turkey’s economy grows 5.6% in 2022
27/02/2023 Turkey’s foreign trade deficit is USD 14.2 billion in January 2023
27/02/2023 Turkey’s economic confidence index decreases 0.3% to 99.1 points in February 2023
24/02/2023 No. of foreigners visiting Turkey increases 56.5% in January 2023
24/02/2023 No. of companies opening in Turkey in January 2023 increased 24.9%
23/02/2023 Turkish Central Bank reduces its policy interest rate to 8.5%
20/02/2023 Turkey’s central administration gross debt stock is USD 222.3 billion in January 2023
20/02/2023 Turkey’s net international investment position is minus USD 279.1 billion as of yearend 2022
20/02/2023 Turkey’s total automotive production increases by 23.6% in January 2023
20/02/2023 Turkish Central Bank’s gross reserves decrease by 2.6% to USD 125.3 billion in January 2023
20/02/2023 Turkey’s consumer confidence index increases 4.3% to 82.5 points in February 2023
17/02/2023 Property sales to foreign nationals in Turkey are 4.3% of total domestic sales in January 2023
17/02/2023 Turkey’s short-term external debt stock is USD 145.6 billion for December 2022
17/02/2023 Turkey’s private sector foreign debt is USD 160.1 billion as of December 2022
16/02/2023 YASED has published its Annual Report 2022
15/02/2023 Turkey records a budget deficit of USD 1.7 billion in January 2023
13/02/2023 Turkey’s current account deficit is USD 48.8 billion in 2022
13/02/2023 FDI to Turkey is USD 13 billion in 2022
13/02/2023 YASED presents its “FDI in Figures” bulletin for December 2022
10/02/2023 Turkey’s Industrial Production Index’s annual decrease is 0.2% in December 2022
10/02/2023 Turkey’s official unemployment rate is 10.3% in December 2022
07/02/2023 Turkish Treasury reports a cash deficit of USD 2.9 billion for January 2023
06/02/2023 Turkey’s population announced as 85,279,553 as of 31.12.2022
03/02/2023 Turkey’s official annual inflation rate decreases to 57.68% in January 2023
02/02/2023 Automotive sales in Turkey increased 33.5% in January 2023
02/02/2023 Turkey’s foreign trade deficit is USD 14.4 billion in January 2023 per preliminary calculations
01/02/2023 Turkey’s Investment Office has published its February 2023 newslette
31/01/2023 Turkey’s foreign trade deficit is USD 109.5 billion in 2022
31/01/2023 Turkey’s tourism revenue increases 53.4% to USD 46.3 billion in 2022
31/01/2023 No. of foreigners visiting Turkey in 2022 increases 80.3% to 44.6 million
30/01/2023 Turkey’s non-performing loans are USD 8.7 billion, 2.11% of total loans as of yearend 2022
30/01/2023 Turkey’s economic confidence index increases 1.3% to 99.3 points in January 2023
26/01/2023 Turkish Central Bank keeps its inflation forecast for 2023 yearend unchanged at 22.3%
26/01/2023 Turkish Central Bank adds incentives for Turkish lira to support its liraization strategy
23/01/2023 Fitch reports a significant boost to profitability of Turkish banks in 3rd quarter of 2022
23/01/2023 Turkey’s consumer confidence index increases 4.6% to 79.1 points in January 2023
20/01/2023 No. of companies closing in Turkey in 2022 has increased 42.8%
20/01/2023 Turkey’s central administration gross debt stock is USD 215.6 billion in December 2022
19/01/2023 Turkish Central Bank’s policy interest rate remains unchanged at 9%
19/01/2023 Turkish Central Bank’s gross reserves increase by 5.2% to USD 128.7 billion in December 2022
19/01/2023 Fitch says that Turkey’s international reserves improvement not sustainable
18/01/2023 P&W has published its Energy Deals 2022 report
18/01/2023 Turkey’s net international investment position is minus USD 265 billion as of November 2022
17/01/2023 Turkey’s short-term external debt stock is USD 145.4 billion for November 2022
17/01/2023 Property sales to foreign nationals in Turkey are 4.5% of total domestic sales in 2022
16/01/2023 Turkey’s private sector foreign debt is USD 161.2 billion as of November 2022
16/01/2023 Turkey records a budget deficit of USD 8.5 billion for the year 2022
16/01/2023 YASED publishes its “Macro Outlook Insights on Türkiye Q4/2022”
15/01/2023 Turkey’s total automotive production increases by 6% in 2022
14/01/2023 Deloitte has published its 2022 M&A review for Turkey
11/01/2023 YASED presents its “FDI in Figures” bulletin for November 2022
11/01/2023 FDI to Turkey is USD 1,018 million in November 2022
11/01/2023 Turkey’s current account deficit is USD 3.7 billion in November 2022
11/01/2023 World Bank revises Turkey’s growth forecast for 2023 down from 3.2% to 2.7%
10/01/2023 Turkey’s Industrial Production Index decreases 1.1% in November 2022 from previous month
10/01/2023 Turkey’s official unemployment rate remains at 10.2% in November 2022
06/01/2023 Turkish Treasury reports a cash deficit of USD 10.3 billion for the year 2022
04/01/2023 Automotive sales in Turkey increased 6.2% in 2022
03/01/2023 Turkey’s official annual inflation rate falls to 64.27% in December 2022
02/01/2023 Turkey’s foreign trade deficit is USD 110.2 billion in 2022 per preliminary calculations
02/01/2023 Turkey’s Investment Office has published its January 2023 newsletter
30/12/2022 Turkey’s gross external debt stock is USD 442.9 billion as of end of third quarter of 2022
30/12/2022 Turkey’s foreign trade deficit is USD 99.8 billion in first eleven months of 2022
29/12/2022 Turkey’s non-performing loans are USD 8.7 billion, 2.22% of total loans as of November 2022
29/12/2022 Turkey’s economic confidence index increases 0.7% to 97.6 points in December 2022
23/12/2022 No. of foreigners visiting Turkey in first eleven months of 2022 increases 84.8% to 42.2 million
23/12/2022 No. of companies closing in Turkey in first eleven months of 2022 has increased 49.8%
22/12/2022 Turkish Central Bank keeps policy interest rate same at 9%
22/12/2022 Turkey’s net minimum wage has been raised 54.66% to TL 8,506 (USD 455) as of 01.01.2023
21/12/2022 KPMG estimates total M&A deals in Turkey in 2022 as USD 6.5 billion
20/12/2022 Turkey’s consumer confidence index decreases 1.3% to 75.6 points in December 2022
20/12/2022 Turkey’s central administration gross debt stock is USD 209.7 billion in November 2022
19/12/2022 Turkey’s net international investment position is minus USD 249.8 billion as of October 2022
16/12/2022 Turkey’s 2023 budget is ratified by parliament
16/12/2022 Turkey’s short-term external debt stock is USD 142.3 billion for October 2022
16/12/2022 Fitch sees increased risk of government intervention in Turkish banking system
15/12/2022 Turkish Central Bank’s gross reserves increase by 7.8% to USD 122.4 billion in November 2022
15/12/2022 Turkey’s private sector foreign debt is USD 160.9 billion as of October 2022
15/12/2022 Turkey records a budget surplus of USD 5.8 billion in November 2022
15/12/2022 Property sales to foreign nationals in Turkey are 5.2% of total domestic sales in November 2022
13/12/2022 Turkey’s Industrial Production Index’s monthly increase is 2.4% in October 2022
12/12/2022 Turkey’s official unemployment rate is recorded as 10.2% in October 2022
12/12/2022 Turkey’s current account deficit is USD 38.2 billion in first ten months of 2022
12/12/2022 FDI to Turkey is USD 1,018 million in October 2022
12/12/2022 Turkey’s total automotive production increases by 5.7% in first eleven months of 2022
12/12/2022 YASED presents its “FDI in Figures” bulletin for October 2022
07/12/2022 Turkish Treasury reports a cash surplus of USD 5.3 billion for November 2022
05/12/2022 Turkey’s official annual inflation rate decreases marginally to 84.39% in November 2022
02/12/2022 Turkey’s foreign trade deficit is USD 99.9 billion in first eleven months of 2022 per preliminary calculations
02/12/2022 Automotive sales in Turkey increase 36.7% in November 2022
01/12/2022 Turkey’s Investment Office has published its December 2022 newsletter
30/11/2022 Turkey’s economy grows 3.9% in the third quarter of 2022
29/11/2022 Turkey’s foreign trade deficit is USD 91 billion in first ten months of 2022
29/11/2022 Turkey’s economic confidence index decreases 0.2% to 96.9 points in November 2022
29/11/2022 Turkey’s non-performing loans are USD 8.7 billion, 2.24% of total loans as of October 2022
26/11/2022 OECD marginally decreases its 2022 growth rate forecast for Turkey to 5.3%
24/11/2022 Turkish Central Bank cuts interest rate further by 150 basis points to 9%
23/11/2022 OECD decreases its 2022 growth rate forecast for Turkey from 5.4% to 5.3%
22/11/2022 Turkey’s consumer confidence index increases 0.6% to 76.6 points in November 2022
21/11/2022 Turkey’s central administration gross debt stock is USD 204.6 billion in October 2022
21/11/2022 No. of foreigners visiting Turkey in first ten months of 2022 increases 88.1% to 39.6 million
18/11/2022 No. of companies closing in Turkey in first ten months of 2022 has increased 55.9%
18/11/2022 Turkish Central Bank’s gross reserves increase by 6% to USD 113.5 billion in October 2022
18/11/2022 Turkey’s net international investment position is minus USD 224.9 billion as of September 2022
18/11/2022 Fitch has affirmed Turkey’s credit rating at “B” with negative outlook
17/11/2022 Turkey’s short-term external debt stock is USD 139.5 billion for September 2022
16/11/2022 Turkey’s private sector foreign debt is USD 160.9 billion as of September 2022
16/11/2022 Property sales to foreign nationals in Turkey are 5.2% of total domestic sales in October 2022
15/11/2022 Turkey records a budget deficit of USD 4.5 billion in October 2022
15/11/2022 YASED presents its “FDI in Figures” bulletin for September 2022
12/11/2022 Turkey’s total automotive production increases by 4.6% in first ten months of 2022
11/11/2022 Turkey’s Industrial Production Index’s annual increase is 0.4% in September 2022
11/11/2022 Turkish Central Bank revises calculation method of its Current Account balance
11/11/2022 FDI to Turkey is USD 964 million in September 2022
10/11/2022 Turkey’s official unemployment rate is recorded as 10.1% in September 2022
10/11/2022 Moody’s increases its 2022 growth forecast for Turkey from 4.5% to 5.3%
07/11/2022 Turkish Treasury reports a cash deficit of USD 3.9 billion for October 2022
03/11/2022 Turkey’s official annual inflation rate rises further to 85.51% in October 2022
02/11/2022 Turkey’s foreign trade deficit is USD 91.1 billion in first ten months of 2022 per preliminary calculations
02/11/2022 Automotive sales in Turkey increase 14.9% in October 2022
01/11/2022 Turkey’s Investment Office has published its November 2022 newsletter
31/10/2022 Turkish banks’ profits for first nine months of 2022 increases 402.6%
27/10/2022 Turkey’s economic confidence index increases 3% to 97.1 points in October 2022
27/10/2022 No. of foreigners visiting Turkey in first nine months of 2022 increases 98% to 34.8 million
27/10/2022 Turkish Central Bank’s gross reserves decrease by 3.8% to USD 107 billion in September 2022
27/10/2022 Turkey’s foreign trade deficit is USD 9.6 billion in September 2022
27/10/2022 Turkey’s tourism revenue increases 27.1% to USD 18 billion in 3rd quarter of 2022
27/10/2022 Turkish Central Bank raises its inflation forecast for 2022 yearend from 60.4% to 65.2%
22/10/2022 Turkey’s central administration gross debt stock is USD 198.2 billion in September 2022
21/10/2022 Turkey’s consumer confidence index increases 5.3% to 76.2 points in October 2022
21/10/2022 No. of companies closing in Turkey in first nine months of 2022 has increased 62.7%
20/10/2022 Turkish Central Bank cuts interest rate further by 150 basis points to 10.5%
18/10/2022 Turkey’s net international investment position is minus USD 223.1 billion as of August 2022
17/10/2022 Turkey’s total automotive production recovers with 20.5% increase in September 2022
17/10/2022 Turkey records a budget deficit of USD 4.2 billion in September 2022
17/10/2022 Turkey’s short-term external debt stock is USD 138.1 billion for August 2022
14/10/2022 Turkey’s private sector foreign debt is USD 162.9 billion as of August 2022
14/10/2022 Property sales to foreign nationals in Turkey are 4.5% of total domestic sales in September 2022
12/10/2022 Turkey’s Industrial Production Index’s annual increase is 1% in August 2022
11/10/2022 FDI to Turkey is USD 887 million in August 2022
11/10/2022 Turkey’s current account deficit is USD 39.7 billion in first eight months of 2022
11/10/2022 YASED presents its “FDI in Figures” bulletin for August 2022
10/10/2022 Turkey’s official unemployment rate is recorded as 9.6% in August 2022
07/10/2022 Turkish Treasury reports a cash deficit of USD 4.3 billion for September 2022
04/10/2022 Turkey’s foreign trade deficit is USD 83.8 billion in first nine months of 2022 per preliminary calculations
04/10/2022 Automotive sales in Turkey increase 8.7% in September 2022
03/10/2022 Turkey’s official annual inflation rate rises further to 83.45% in September 2022
03/10/2022 Turkey’s Investment Office has published its October 2022 newsletter
30/09/2022 S&P Global reduces Turkey’s sovereign rating to “B” with stable outlook
30/09/2022 Turkey’s gross external debt stock is USD 444.4 billion as of end of second quarter of 2022
30/09/2022 Turkey’s foreign trade deficit is USD 11.2 billion in August 2022
29/09/2022 Turkey’s economic confidence index remains unchanged at 94.3 points in September 2022
29/09/2022 S&P increases its forecast for Turkey’s growth rate in 2022 to 5.2%
29/09/2022 Turkish banks’ profits for first eight months of 2022 increases 420.5%
26/09/2022 OECD increases its 2022 growth rate forecast for Turkey to 5.4%
23/09/2022 No. of foreigners visiting Turkey in first eight months of 2022 increases 108.5% to 29.3 million
23/09/2022 No. of companies closing in Turkey in first eight months of 2022 has increased 70.2%
22/09/2022 Turkish Central Bank persists with a further interest rate cut of 100 basis points to 12%
22/09/2022 Turkey’s consumer confidence index up marginally to 72.4 points in September 2022
22/09/2022 Istanbul falls 13 places to 77th place on the Global Financial Centres Index
20/09/2022 Turkey’s central administration gross debt stock is USD 200.7 billion in August 2022
19/09/2022 Turkey’s net international investment position is minus USD 217.3 billion as of July 2022
16/09/2022 Turkey’s short-term external debt stock is USD 134.6 billion for July 2022
15/09/2022 Turkey records a budget surplus of USD 197 million in August 2022
15/09/2022 Turkish Central Bank’s gross reserves increase by 9.8% to USD 111.2 billion in August 2022
15/09/2022 Turkey’s private sector foreign debt is USD 162 billion as of July 2022
15/09/2022 Property sales to foreign nationals in Turkey are 4.3% of total domestic sales in August 2022
14/09/2022 Fitch revises up to 5.2% its growth forecast for Turkey in 2022
13/09/2022 Turkey’s Industrial Production Index’s annual increase is 2.4% in July 2022
12/09/2022 FDI to Turkey is USD 658 million in July 2022
12/09/2022 Turkey’s current account deficit is USD 36.6 billion in first seven months of 2022
12/09/2022 Turkey’s total automotive exports fall 21.9% in August 2022
12/09/2022 Turkey’s official unemployment rate is recorded as 10.1% in July 2022
12/09/2022 YASED presents its “FDI in Figures” bulletin for July 2022
08/09/2022 Turkish Treasury reports a cash surplus of USD 1.6 billion for August 2022
05/09/2022 Turkey’s official annual inflation rate rises further to 80.21% in August 2022
02/09/2022 Automotive sales in Turkey fell 17.3% in August 2022
02/09/2022 Turkey’s foreign trade deficit is USD 11.3 billion in August 2022 per preliminary calculations
01/09/2022 Turkey’s Investment Office has published its September 2022 newsletter
31/08/2022 Turkey’s economy grows 7.6% in the second quarter of 2022
31/08/2022 Moody’s increases Turkey’s growth outlook for 2022 to 4.5%
29/08/2022 Turkish banks’ profits for first seven months of 2022 increases 417,2%
29/08/2022 Turkey’s economic confidence index increases 1% to 94.3 points in August 2022
29/08/2022 Turkey’s foreign trade deficit rises to USD 10.7 billion in July 2022
23/08/2022 Turkey’s consumer confidence index increases 6.1% to 72.2 points in August 2022
22/08/2022 Turkey’s total automotive production increases 37.4% in July 2022
22/08/2022 Turkey’s central administration gross debt stock is USD 202.2 billion in July 2022
22/08/2022 No. of companies closing in Turkey in first seven months of 2022 has increased 78.6%
22/08/2022 No. of foreigners visiting Turkey in first seven months of 2022 increases 128.3% to 23 million
18/08/2022 Turkish Central Bank shocks with an interest rate cut of 100 basis points to 13%
18/08/2022 Turkish Central Bank’s gross reserves increase by 3% to USD 101.3 billion in July 2022
18/08/2022 Turkey’s net international investment position is minus USD 222.4 billion as of June 2022
18/08/2022 Fitch sees Turkey’s external finances under continued pressure
18/08/2022 Moody’s sees increased pressure on Turkey due to its high energy import bill
17/08/2022 Turkey’s short-term external debt stock is USD 134.8 billion for June 2022
16/08/2022 Turkey’s private sector foreign debt is USD 161.4 billion as of June 2022
16/08/2022 Property sales to foreign nationals in Turkey decrease to 4.2% of total domestic sales in July 2022
15/08/2022 Turkey records a budget deficit of USD 3.6 billion in July 2022
13/08/2022 Moody's downgrades Turkey’s credit rating from B2 to B3 with stable outlook
12/08/2022 Turkey’s Industrial Production Index increases by 8.5% in June 2022
11/08/2022 FDI to Turkey is USD 5.5 billion in the first half of 2022
11/08/2022 YASED presents its “FDI in Figures” bulletin for June 2022
11/08/2022 Turkey’s current account deficit is USD 32.4 billion in first half of 2022
10/08/2022 Turkey’s official unemployment rate is recorded as 10.3% in June 2022
05/08/2022 Turkish Treasury reports a cash deficit of USD 5.2 billion for July 2022
03/08/2022 Turkish banks’ non-performing loans are 2.50% of total loans as of June 2022
03/08/2022 Turkey’s official annual inflation rate rises further to 79.60% in July 2022
03/08/2022 Turkey’s foreign trade deficit is USD 62 billion in first seven months of 2022 per preliminary calculations
02/08/2022 Car sales in Turkey increase 13% in July 2022
01/08/2022 Turkey’s Investment Office has published its August 2022 newsletter
29/07/2022 Turkey’s tourism revenue increases 190.2% to USD 8.7 billion in 2nd quarter of 2022
29/07/2022 No. of foreigners visiting Turkey in first half of 2022 increases 185.7% to 16.4 million
29/07/2022 Turkey’s foreign trade deficit is USD 51.4 billion in first half of 2022
28/07/2022 Turkish Central Bank raises its inflation forecast for 2022 yearend from 42.8% to 60.4%
28/07/2022 Turkey’s economic confidence index decreases 0.2% to 93.4 points in July 2022
25/07/2022 Turkey’s total automotive production increases by 26.3% in June 2022
25/07/2022 YASED presents its “FDI in Figures” bulletin for May 2022
22/07/2022 No. of companies closing in Turkey in first half of 2022 has increased 83.3%
21/07/2022 Turkish Central Bank stays with its policy interest rate of 14%
20/07/2022 Turkey’s central administration gross debt stock is USD 205.7 billion in June 2022
20/07/2022 Turkish Central Bank’s gross reserves decrease by 3.3% to USD 98.3 billion in June 2022
20/07/2022 Turkey’s net international investment position is minus USD 226.1 billion as of May 2022
20/07/2022 Turkey’s consumer confidence index increases 7.4% to 68 points in July 2022
19/07/2022 Property sales to foreign nationals in Turkey reach record of 5.7% of total domestic sales in June 2022
19/07/2022 Turkey’s short-term external debt stock is USD 134.5 billion for May 2022
18/07/2022 Turkey’s private sector foreign debt is USD 163.6 billion as of May 2022
18/07/2022 Turkey records a budget deficit of USD 1.9 billion in June 2022
14/07/2022 Fitch sees increased risks presented by Turkey’s economic policies
14/07/2022 Turkey’s Industrial Production Index increases by 9.1% in May 2022
13/07/2022 Turkey’s official unemployment rate is recorded as 10.9% in May 2022
08/07/2022 FDI to Turkey is USD 1,180 million in May 2022
08/07/2022 Fitch downgrades Turkey’s credit rating to B with negative outlook
08/07/2022 Turkey’s current account deficit is USD 6.5 billion in May 2022
07/07/2022 Turkish Treasury reports a cash deficit of USD 26.6 billion for June 2022
04/07/2022 Automotive sales in Turkey decrease 9.3% in first half of 2022
04/07/2022 Turkey’s official annual inflation rate rises further to 78.62% in June 2022
02/07/2022 Turkey’s exports and imports are highest recorded to date per preliminary calculations
01/07/2022 Turkey’s net minimum wage has been raised 29.3% to TL 5,500.35 (USD 330) as of 01.07.2022
01/07/2022 Turkey’s Investment Office has published its July 2022 newsletter
30/06/2022 Turkey’s gross external debt stock is USD 451.2 billion as of end of first quarter of 2022
30/06/2022 Turkey’s foreign trade deficit is USD 10.6 billion in May of 2022
29/06/2022 Turkish banks’ profits increase 434.1% in first 5 months of 2022
29/06/2022 Turkey’s economic confidence index decreases 3.3% to 93.6 points in June 2022
25/06/2022 Turkish government introduces capital controls on companies
23/06/2022 Turkish Central Bank stays committed to its policy interest rate of 14%
22/06/2022 Turkey’s consumer confidence index falls to 63.4 points in June 2022, lowest since 2004
20/06/2022 Turkey’s central administration gross debt stock is USD 205.1 billion in May 2022
20/06/2022 Turkey’s net international investment position is minus USD 236.8 billion as of April 2022
20/06/2022 No. of foreigners visiting Turkey in May 2022 closes in on 2019 record
20/06/2022 Fitch Ratings sees Turkish insurers under severe strain
17/06/2022 Turkey’s short-term external debt stock is USD 133.4 billion for April 2022
17/06/2022 Turkey’s private sector foreign debt is USD 163.7 billion as of April 2022
17/06/2022 Turkish Central Bank’s gross reserves decrease by 4.8% to USD 101.7 billion in May 2022
17/06/2022 No. of companies closing in Turkey in first five months of 2022 increases 74%
15/06/2022 Turkey records a record budget surplus of USD 8.8 billion in May 2022
15/06/2022 Property sales to foreign nationals in Turkey were 4.9% of total domestic sales in May 2022
14/06/2022 YASED presents its “FDI in Figures” bulletin for April 2022
13/06/2022 Turkey’s Industrial Production Index increases by 10.8% in April 2022
13/06/2022 FDI to Turkey is USD 633 million in April 2022
13/06/2022 Turkey’s total automotive production increases by 25.5% in May 2022
13/06/2022 Turkey’s current account deficit is USD 20.1 billion for first four months of 2022
10/06/2022 Turkey’s official unemployment rate is recorded as 11.3% in April 2022
10/06/2022 Turkish Central Bank increases reserve requirement for TL cash commercial loans
08/06/2022 S&P Global sees risks of additional capital controls in Turkey
08/06/2022 OECD increases its 2022 growth rate forecast for Turkey to 3.7%
07/06/2022 Turkish Treasury reports a cash surplus of USD 9.1 billion for May 2022
03/06/2022 Turkey’s official annual inflation rate rises further to 73.50% in May 2022
03/06/2022 Turkey’s non-performing loans are USD 10.9 billion, 2.77% of total loans as of April 2022
02/06/2022 Automotive sales in Turkey decrease 12% in first five months of 2022
02/06/2022 Turkey’s Investment Office has published its June 2022 newsletter
02/06/2022 Turkey’s foreign trade deficit is USD 10.7 billion in May 2022 per preliminary calculations
01/06/2022 ISO publishes survey of Turkey’s Top 500 Industrial Enterprises for 2021
31/05/2022 Turkey’s economy grows 7.3% in the first quarter of 2022
31/05/2022 Turkey’s foreign trade deficit is USD 32.6 billion in the first four months of 2022
27/05/2022 No. of companies closing in Turkey in April 2022 increases 125.9%
26/05/2022 Turkey’s economic confidence index increases 2.1% to 96.7 points in May 2022
26/05/2022 Turkish Central Bank’s policy interest rate remains fixated at 14%
25/05/2022 YASED presents its “FDI in Figures” bulletin for March 2022
24/05/2022 Turkey’s net international investment position is minus USD 227.5 billion as of March 2022
23/05/2022 Turkey’s short-term external debt stock is USD 132.3 billion for March 2022
23/05/2022 Foreigners visiting Turkey increase by 172.5% in first four months of 2022
20/05/2022 Turkey’s central administration gross debt stock is USD 211.2 billion in April 2022
20/05/2022 Turkey’s private sector foreign debt is USD 167.3 billion as of March 2022
20/05/2022 Turkish Central Bank’s gross reserves increase by 0.9% to USD 106.9 billion in April 2022
20/05/2022 Turkey’s consumer confidence index increases marginally to 67.6 points in May 2022
17/05/2022 Property sales to foreign nationals in Turkey were 4.8% of total domestic sales in April 2022
16/05/2022 Turkey’s current account records a deficit of USD 5.6 billion in March 2022
16/05/2022 Turkey’s total automotive production increases by 3.2% in April 2022
16/05/2022 FDI to Turkey is USD 740 million in March 2022
16/05/2022 Turkey records a budget deficit of USD 3.4 billion in April 2022
13/05/2022 Value of property purchase for Turkish citizenship increased to USD 400,000
13/05/2022 Turkey’s Industrial Production Index increases by 9.6% in March 2022
12/05/2022 Fitch Ratings sees operating difficulties facing Turkish Islamic banks
11/05/2022 Turkish Treasury reports a cash deficit of USD 3 billion for April 2022
10/05/2022 Turkey’s official unemployment rate jumps to 11.5% in March 2022
06/05/2022 Automotive sales in Turkey fall 18.5% in first four months of 2022
05/05/2022 Turkey’s foreign trade deficit is USD 6.1 billion in April 2022 per preliminary calculations
05/05/2022 Turkey’s official annual inflation rate climbs to 69.97% in April 2022
02/05/2022 Turkey’s Investment Office has published its May 2022 newsletter
29/04/2022 Turkey’s non-performing loans are USD 11.1 billion, 2.87% of total loans as of March 2022
29/04/2022 Turkey’s foreign trade deficit is USD 26.4 billion in the first three months of 2022
29/04/2022 Foreigners visiting Turkey increase by 151% in first three months of 2022
29/04/2022 Turkey’s tourism revenue increases 122.4% to USD 5.5 billion in 1st quarter of 2022
28/04/2022 Turkey’s economic confidence index decreases 1.1% to 94.7 points in April 2022
28/04/2022 Turkish Central Bank’s gross reserves decrease by 4.1% to USD 105.9 billion in March 2022
28/04/2022 Turkish Central Bank raises its inflation forecast for 2022 yearend from 23.2% to 42.8%
23/04/2022 Turkish Central Bank revises its reserve requirement regulations
23/04/2022 No. of companies closing in Turkey in March 2022 increases 39.8%
21/04/2022 Turkey’s consumer confidence index at 67.3 points in April 2022 lowest since 2004
21/04/2022 IMF relegates Turkey economy down to number 21 in GDP global ranking
20/04/2022 Turkey’s central administration gross debt stock is USD 212.2 billion in March 2022
18/04/2022 Turkey’s net international investment position is minus USD 224 billion as of February 2022
15/04/2022 Turkey’s short-term external debt stock is USD 130.5 billion for February 2022
15/04/2022 Property sales to foreign nationals in Turkey were 4.1% of total domestic sales in March 2022
15/04/2022 Turkey records a budget deficit of USD 4.7 billion in March 2022
15/04/2022 Turkish Central Bank raises mandatory exporters' FX revenue conversion rate to 40%
14/04/2022 TÜSİAD has published its report on Turkey’s 2022 outlook
14/04/2022 Turkish Central Bank keeps policy interest rate same at 14%
14/04/2022 Turkey’s private sector foreign debt is USD 167.7 billion as of February 2022
12/04/2022 Turkey’s Industrial Production Index increases by 13.3% in February 2022
11/04/2022 Turkey’s official unemployment rate decreases to 10.7% in February 2022
11/04/2022 Turkey’s current account records a deficit of USD 5.2 billion in February 2022
11/04/2022 FDI to Turkey is USD 450 million in February 2022
11/04/2022 Turkey’s total automotive production falls by 13.7% in March 2022
11/04/2022 World Bank revises Turkey’s growth in 2022 down from 2% to 1.4%
11/04/2022 YASED presents its “FDI in Figures” bulletin for February 2022
07/04/2022 Turkish Treasury reports a cash deficit of USD 2.8 billion for March 2022
04/04/2022 Turkey’s foreign trade deficit is USD 8.2 billion in March 2022 per preliminary calculations
04/04/2022 Automotive sales in Turkey fall 33.4% in March 2022
04/04/2022 Turkey’s official annual inflation rate rises further to 61.14% in March 2022
01/04/2022 Turkey’s Investment Office has published its April 2022 newsletter
01/04/2022 S&P Global reduces Turkey’s local currency rating to “B+” with negative outlook
31/03/2022 Turkey’s foreign trade deficit is USD 7.9 billion in February 2022
31/03/2022 Turkey’s gross external debt stock is USD 441.1 billion as of 2021 yearend
31/03/2022 TÜSİAD elects Orhan Turan as its new president
30/03/2022 Turkey’s economic confidence index decreases 2.5% to 95.7 points in March 2022
29/03/2022 Turkey’s non-performing loans are USD 11.7 billion, 3.04% of total loans as of February 2022
29/03/2022 S&P forecasts Turkey’s growth rate in 2022 as 2.4%
27/03/2022 Turkish Central Bank’s gross reserves increase by 2.4% to USD 112.3 billion in February 2022
24/03/2022 Istanbul falls 3 places to 64th place on the Global Financial Centres Index
23/03/2022 Turkey’s consumer confidence index increases by 1.9% to 72.5 points in March 2022
23/03/2022 The official annual unemployment rate for 2021 has been announced as 12%
21/03/2022 Foreigners visiting Turkey increase by 186,5% in February 2022
21/03/2022 Turkey’s central administration gross debt stock is USD 213 billion in February 2022
18/03/2022 Turkey’s net international investment position is minus USD 238.3 billion as of January 2022
18/03/2022 No. of companies opening and closing in Turkey in February 2022 do not reflect Turkey’s economic crisis
17/03/2022 Turkey’s short-term external debt stock is USD 125.5 billion for January 2022
17/03/2022 Turkish Central Bank policy interest rate remains unchanged at 14%
16/03/2022 Turkey’s private sector foreign debt is USD 168.6 billion as of January 2022
15/03/2022 Property sales to foreign nationals in Turkey were 4.7% of total domestic sales in February 2022
15/03/2022 Turkey records a budget surplus of USD 5 billion in February 2022
14/03/2022 Turkey’s total automotive production falls by 9% in February 2022
14/03/2022 Turkish Central Bank announces details of 'foreign-exchange protected' gold deposit accounts
11/03/2022 FDI to Turkey is USD 850 million in January 2022
11/03/2022 Turkey’s Industrial Production Index decreases by 2.4% in January 2022 on previous month
11/03/2022 Turkey’s current account records a deficit of USD 7.1 billion in January 2022
11/03/2022 YASED presents its “FDI in Figures” bulletin for January 2022
10/03/2022 Turkey’s official unemployment rate remains same at 11.4% in January 2022
07/03/2022 Turkish Treasury reports a cash surplus of USD 4 billion for February 2022
03/03/2022 Turkey’s official annual inflation rate rises further to 54.44% in February 2022
02/03/2022 Turkey’s foreign trade deficit is USD 8.1 billion in February 2022 per preliminary calculations
02/03/2022 Automotive sales in Turkey fall 15.1% in February 2022
01/03/2022 Turkey’s Investment Office has published its March 2022 newsletter
01/03/2022 Turkey’s non-performing loans are USD 12 billion, 3.15% of total loans as of January 2022
28/02/2022 Turkey’s foreign trade deficit is USD 10.3 billion in January 2022
28/02/2022 Turkey’s economy grows 11% in 2021
25/02/2022 Turkey’s economic confidence index decreases 2.6% to 98.2 points in February 2022
21/02/2022 Turkey’s central administration gross debt stock is USD 212.1 billion in January 2022
21/02/2022 Foreigners visiting Turkey increase by 151.4% in January 2022
18/02/2022 Number of companies closing in Turkey in January 2022 increased by 7.8%
18/02/2022 Turkey’s consumer confidence index decreases by 2.8% to 71.2 points in February 2022
18/02/2022 Property sales to foreign nationals in Turkey were 4.7% of total domestic sales in January 2022
18/02/2022 Turkey’s net international investment position is minus USD 230.2 billion as of 2021 yearend
17/02/2022 Turkey’s short-term external debt stock is USD 125.6 billion at 2021 yearend
17/02/2022 Turkish Central Bank maintains its interest rate at 14%
17/02/2022 Turkish Central Bank’s gross reserves decrease by 1.3% to USD 109.7 billion in January 2022
16/02/2022 Turkey’s private sector foreign debt is USD 169.4 billion as of December 2021
15/02/2022 Turkey records a budget surplus of USD 2.2 billion in January 2022
15/02/2022 Turkey’s total automotive production falls by 14.7% in January 2022
12/02/2022 Turkey reduces VAT on basic foods to help fight inflation
11/02/2022 Fitch has downgraded Turkey's rating to “B+” with negative outlook
11/02/2022 Turkey’s current account records a deficit of USD 14.9 billion in 2021
11/02/2022 FDI to Turkey in 2021 is USD 14.1 billion, highest since 2016
11/02/2022 Law exempting converted Turkish lira deposits from corporation tax approved
11/02/2022 Turkey’s Industrial Production Index increases by 14.4% in December 2021 on previous year
11/02/2022 YASED presents its “FDI in Figures” bulletin for the year 2021
11/02/2022 YASED has published its Annual Report 2021
10/02/2022 Turkey’s official unemployment rate remains the same at 11.2% in December 2021
07/02/2022 Turkish Treasury reports a cash deficit of USD 2.8 billion for January 2022
04/02/2022 Turkey’s population announced as 84,680,273 as of 31.12.2021
03/02/2022 S&P sees very uncertain prospects for Turkey’s economy
03/02/2022 Automotive sales in Turkey fall 12.8% in January 2022
03/02/2022 Fitch sees limited interest in Turkey’s F/X-protected lira deposits
03/02/2022 Turkey’s official annual inflation rate rises further to 48.69% in January 2022
02/02/2022 Turkey’s Investment Office has published its February 2022 newsletter
02/02/2022 Turkey’s foreign trade deficit is USD 10.4 billion in January 2022 per preliminary calculations
01/02/2022 World Bank sees decline in Turkey’s growth to 2% in 2022
31/01/2022 Turkey’s foreign trade deficit was USD 46.1 billion in 2021
31/01/2022 Turkish Central Bank’s gross reserves increase by 19.2% to USD 111.2 billion as of 2021 yearend
31/01/2022 64.5% of Turkey’s bank deposits as of 2021 yearend are denominated in foreign currency
31/01/2022 Turkey’s tourism revenue increases 103% to USD 24.5 billion in 2021
31/01/2022 Foreigners visiting Turkey in 2021 increase by 94.1% to 24.7 million
28/01/2022 Turkey’s economic confidence index increases 2.7% to 100.8 points in January 2022
27/01/2022 Turkish Central Bank doubles its inflation forecast for 2022 yearend to 23.2%
21/01/2022 Number of companies opening in Turkey in 2021 increased by 8.3%
21/01/2022 Turkey’s consumer confidence index increases by 6.2% to 73.2 points in January 2022
20/01/2022 Turkish Central Bank keeps its interest rate unchanged at 14%
20/01/2022 Turkey’s central administration gross debt stock is USD 206 bln in December 2021
18/01/2022 Turkey’s net international investment position is minus USD 220.4 billion in November 2021
17/01/2022 Turkey’s short-term external debt stock is USD 124.1 billion in November 2021
17/01/2022 Fitch sees high macro-economic and financial risks faced by Turkey
17/01/2022 Turkey records a budget deficit of USD 21.3 billion in 2021
17/01/2022 Turkey’s total automotive production falls by 1.7% in 2021
14/01/2022 Turkey’s private sector foreign debt is USD 167.8 billion as of November 2021
14/01/2022 Property sales to foreign nationals in Turkey increase by 43.5% to 58,576 units in 2021
14/01/2022 EY discloses M&A transactions in 2021 in Turkey as USD 15.1 billion
14/01/2022 Deloitte has published its 2021 M&A review for Turkey
13/01/2022 Turkey’s Industrial Production Index increases by 3.3% in November 2021 from previous month
12/01/2022 World Bank revises Turkey’s growth for 2022 to 2%
11/01/2022 FDI to Turkey in first eleven months of 2021 is USD 11.6 billion
11/01/2022 Turkey’s current account records a deficit of USD 2.7 billion in November 2021
10/01/2022 Turkey’s official unemployment rate remains the same at 11.2% in November 2021
07/01/2022 Turkish Treasury reports a cash deficit of USD 15.8 billion for 2021
05/01/2022 Automotive sales in Turkey fell 4.6% in 2021
04/01/2022 Turkish Exporters now required to convert 25% of their income to liras
03/01/2022 Turkey’s official annual inflation rate surges up to 36.08% in December 2021
03/01/2022 Turkey’s foreign trade deficit for 2021 is USD 46 billion per preliminary calculations
02/01/2022 Turkey’s Investment Office has published its January 2022 newsletter
31/12/2021 Turkey’s foreign trade deficit is USD 5.4 billion in November 2021
31/12/2021 Turkey’s gross external debt stock is USD 453.5 billion as of end of third quarter of 2021
30/12/2021 Turkey’s economic confidence index decreases 1.8% to 97.6 points in December 2021
29/12/2021 Turkey’s non-performing loans are USD 12.4 billion, 3.23% of total loans as of November 2021
28/12/2021 Turkish Central Bank’s gross reserves increase by 1.3% to USD 125.6 billion in November 2021
28/12/2021 KPMG estimates total M&A deals in Turkey in 2021 as USD 15.5 billion
24/12/2021 Foreigners visiting Turkey in first eleven months of 2021 increase by 89.6%
22/12/2021 Fitch sees exchange-rate volatility in Turkey as a risk for its banking sector
21/12/2021 Turkish government introduces new TL deposits instrument to halt slide in TL
21/12/2021 Turkey’s consumer confidence index at 68.9 points in December 2021 lowest since 2004
21/12/2021 Turkish Central Bank adds its support to implementation of new TL deposits instrument
20/12/2021 Turkey’s net international investment position is minus USD 255.7 billion in October 2021
20/12/2021 Turkey’s central administration gross debt stock is USD 209.1 billion in November 2021
17/12/2021 Turkey’s short-term external debt stock is USD 125.5 billion in October 2021
17/12/2021 Number of companies closing in Turkey in November 2021 increased by 57.4%
17/12/2021 Turkey’s 2022 budget is ratified by parliament
16/12/2021 Turkey’s net minimum wage has been raised 50.52% to TL 4,253.40 (USD 319) as of 01.01.2022
16/12/2021 Turkish Central Bank decreases its interest rate a further 100 basis points to 14%
16/12/2021 Turkey’s private sector foreign debt is USD 169.8 billion as of October 2021
15/12/2021 Turkey records a budget surplus of USD 2.5 billion in November 2021
14/12/2021 Property sales to foreign nationals in Turkey hits new record in November 2021
13/12/2021 Turkey’s Industrial Production Index increases by 0.6% in October 2021 from previous month
13/12/2021 Turkey’s total automotive exports fall by 25.4% in November 2021
13/12/2021 Turkey’s current account records a surplus of USD 3.2 billion in October 2021
13/12/2021 FDI to Turkey in first ten months of 2021 amounts to USD 10.7 billion
10/12/2021 Turkey’s official unemployment rate decreases to 11.2% in October 2021
10/12/2021 S&P Global reduces Turkey’s outlook to negative, with ratings affirmed
07/12/2021 Turkish Treasury reports a cash surplus of USD 2.5 billion in November 2021
03/12/2021 Moody’s has affirmed Turkey’s B2 rating, maintaining negative outlook
03/12/2021 Turkey’s official annual inflation rate increases to 21.31% in November 2021
02/12/2021 Automotive car sales in Turkey fell 33.2% in November 2021
02/12/2021 Turkey’s foreign trade deficit is USD 5.3 billion in November 2021 per preliminary calculations
02/12/2021 Fitch revises Turkey's outlook to negative, while affirming its rating at 'BB-'
02/12/2021 S&P Global sees risks in Turkey’s use of “borrowed” reserves
02/12/2021 OECD raises its 2021 growth forecast for Turkey to 9%
01/12/2021 S&P Global Ratings has revised Turkey’s growth in 2021 to 9.8%
01/12/2021 Turkey’s Investment Office has published its December 2021 newsletter
30/11/2021 Turkey’s economy grows 7.4% in the third quarter of 2021
29/11/2021 Turkey’s economic confidence index decreases 2% to 99.3 points in November 2021
29/11/2021 Turkey’s foreign trade deficit is USD 33.9 billion in first 10 months of 2021
29/11/2021 Turkey’s non-performing loans are USD 16.1 billion, 3.52% of total loans as of October 2021
24/11/2021 S&P Global sees fall in lira causing “catastrophe” for Turkish polymer markets
22/11/2021 Turkey’s consumer confidence index falls by 7.3% to 71.1 points in November 2021
22/11/2021 Foreigners visiting Turkey in first ten months of 2021 increase by 88%
22/11/2021 Turkey’s central administration gross debt stock is USD 239.1 billion in October 2021
19/11/2021 Number of companies closing in Turkey in October 2021 increased by 18.9%
18/11/2021 Turkey’s net international investment position is minus USD 285.6 billion in September 2021
18/11/2021 Turkish Central Bank decreases its interest rate a further 100 basis points to 15%
17/11/2021 Turkey’s short-term external debt stock is USD 124.9 billion in September 2021
16/11/2021 Turkey’s private sector foreign debt is USD 171.6 billion as of September 2021
15/11/2021 Turkey’s total automotive production falls 28.3% in October 2021
15/11/2021 Turkey records a budget deficit of USD 1.8 billion in October 2021
15/11/2021 Property sales to foreign nationals in Turkey are 4.3% of total sales in October 2021
12/11/2021 Turkey’s Industrial Production Index decreases by 1.5% in September 2021 from previous month
11/11/2021 Turkey’s current account records a surplus of USD 1,652 million in September 2021
11/11/2021 FDI to Turkey in first nine months of 2021 is USD 9.8 billion
10/11/2021 Turkey’s official unemployment rate falls to 11.5% in September 2021
09/11/2021 Turkish Central Bank increases FX reserve requirements by further 200 basis points
05/11/2021 Turkish Treasury reports a cash deficit of USD 9.7 billion for first ten months of 2021
05/11/2021 Moody’s revises Turkey’s growth rate for 2021 up to 9.2%
03/11/2021 Turkey’s official annual inflation rate increases to 19.89% in October 2021
02/11/2021 Automotive car sales in Turkey fell 46.9% in October 2021
02/11/2021 Turkey’s Investment Office has published its November 2021 newsletter
01/11/2021 Turkey’s foreign trade deficit is USD 1.5 billion in October 2021 per preliminary calculations
01/11/2021 Turkey’s non-performing loans are USD 16.7 billion, 3.55% of total loans as of September 2021
28/10/2021 Turkish Central Bank’s gross reserves increase by 3% to USD 121.3 billion in September 2021
28/10/2021 Turkey’s tourism revenue increases 106.9% to USD 16.9 billion in first 9 months of 2021
28/10/2021 Foreigners visiting Turkey in first nine months of 2021 increase by 85.9%
28/10/2021 Turkish Central Bank raises its inflation forecast for 2021 yearend to 18.4%
27/10/2021 Turkey’s economic confidence index decreases 1% to 101.4 points in October 2021
27/10/2021 Turkey’s foreign trade deficit is USD 32.4 billion in first 9 months of 2021
22/10/2021 Number of companies opening in Turkey in September 2021 decreased by 5.9%
22/10/2021 S&P Global keeps Turkey’s credit rating unchanged with stable outlook
21/10/2021 Turkish Central Bank decreases its interest rate a further 200 basis points to 16%
21/10/2021 Turkey’s consumer confidence index decreases by 3.6% to 76.8 points in October 2021
20/10/2021 Turkey’s central administration gross debt stock is USD 245.3 billion in September 2021
15/10/2021 Turkey records a budget deficit of USD 2.7 billion in September 2021
13/10/2021 Property sales to foreign nationals in Turkey hit a new record of 6,630 units in September 2021
12/10/2021 IMF’s revises its forecast for Turkey’s economy growth in 2021 from 5.8% to 9%
12/10/2021 Turkey’s Industrial Production Index increases by 5.4% in August 2021 from previous month
11/10/2021 Turkey’s automotive car production falls by 34.4% in September 2021
11/10/2021 Turkey’s official unemployment rate increases slightly to 12.1% in August 2021
11/10/2021 Turkey’s current account records a surplus of USD 528 million in August 2021
11/10/2021 FDI to Turkey in first eight months of 2021 is USD 7.2 billion
07/10/2021 Turkish Treasury reports a cash deficit of USD 3.7 billion for September 2021
04/10/2021 Turkey’s official annual inflation rate increases to 19.58% in September 2021
04/10/2021 Turkey’s foreign trade deficit is USD 32.4 billion in first 9 months of 2021 per preliminary calculations
04/10/2021 Turkey’s Investment Office has published its October 2021 newsletter
04/10/2021 Automotive sales in Turkey fall 36.9% in September 2021
30/09/2021 Turkey’s foreign trade deficit is USD 4.3 billion in August 2021
30/09/2021 Turkey’s non-performing loans are USD 18 billion, 3.69% of total loans as of August 2021
30/09/2021 Turkey’s gross external debt stock is USD 446.4 billion as of end of second quarter of 2021
29/09/2021 Turkey’s economic confidence index increases 1.6% to 102.4 points in September 2021
28/09/2021 S&P Global expects Turkish bank’s NPL’s to exceed 10% by 2022
28/09/2021 Turkish Central Bank’s gross reserves increase by 11.3% to USD 117.8 billion in August 2021
27/09/2021 Fitch sees Turkish Central Bank’s interest rate decrease as premature
24/09/2021 Foreigners visiting Turkey in first eight months of 2021 increase by 93.9%
23/09/2021 Turkish Central Bank decreases its interest rate to 18%
22/09/2021 Turkey’s consumer confidence index increases by 1.8% to 79.7 points in September 2021
21/09/2021 OECD raises its 2021 growth forecast for Turkey to 8.4%
20/09/2021 Finnish Huhtamaki acquires Turkish Elif Holding
20/09/2021 Turkey’s net international investment position is minus USD 290 billion in July 2021
20/09/2021 Turkey’s central administration gross debt stock is USD 245.4 billion in August 2021
17/09/2021 Turkish Central Bank raises export / F/X earning services rediscount loan limit
17/09/2021 Number of companies opening in Turkey in August 2021 decreased by 5.9%
17/09/2021 Turkey’s short-term external debt stock is USD 125.3 billion in July 2021
17/09/2021 Istanbul rises 13 places to 61st place on the Global Financial Centres Index
16/09/2021 Turkey’s private sector foreign debt is USD 173.3 billion as of July 2021
16/09/2021 Fitch revises up to 9.2% its growth forecast for Turkey in 2021
15/09/2021 Turkey records a budget surplus of USD 4.9 billion in August 2021
15/09/2021 Turkish Central Bank raises FX reserve requirements by further 200 basis points
15/09/2021 Fitch sees continued resilience of Turkish banks
14/09/2021 Property sales to foreign nationals in Turkey is a record 5,866 units in August 2021
13/09/2021 Turkey’s Industrial Production Index decreases by 4.2% in July 2021 from previous month
13/09/2021 Turkey’s automotive exports surge by 92.7% in August 2021
13/09/2021 Turkey’s current account deficit falls to USD 683 million in July 2021
13/09/2021 FDI to Turkey in first seven months of 2021 is USD 5.8 billion
10/09/2021 Turkey’s official unemployment rate shoots back up to 12% in July 2021
07/09/2021 Turkish Treasury reports a cash surplus of USD 7.7 billion for August 2021
06/09/2021 Turkey’s Medium Term Economic Program is published
03/09/2021 Turkey’s official annual inflation rate increases to 19.25% in August 2021
02/09/2021 Turkey’s non-performing loans are USD 17.8 billion, 3.72% of total loans as of July 2021
02/09/2021 Automotive sales in Turkey were 24.3% higher in first eight months of 2021
02/09/2021 Turkey’s Investment Office has published its September 2021 newsletter
02/09/2021 Turkey’s foreign trade deficit is USD 4.3 billion in August 2021 per preliminary calculations
01/09/2021 Turkey’s economy grows 21.7% in the second quarter of 2021
01/09/2021 Moody’s revises Turkey’s growth rate for 2021 at 6%
31/08/2021 Turkey’s foreign trade deficit is USD 4.3 billion in July 2021
27/08/2021 Turkey’s economic confidence index increases 0.7% to 100.8 points in August 2021
27/08/2021 Turkish Central Bank’s gross reserves increase by 8.3% to USD 105.8 billion in July 2021
24/08/2021 Fitch sees increased financial pressure on Antalya and Muğla municipalities from wildfires
23/08/2021 Turkey’s consumer confidence index decreases by 1.6% to 78.2 points in August 2021
23/08/2021 Foreigners visiting Turkey in first seven months of 2021 increase by 85.4%
20/08/2021 Turkey’s central administration gross debt stock is USD 241.4 billion in July 2021
20/08/2021 Number of companies opening in Turkey in July 2021 decreased by 34%
19/08/2021 Turkish Central Bank revises calculation method of short-term external debt stock in June 2021
19/08/2021 Turkish Central Bank has revised its calculation method of net international investment position in June 2021
18/08/2021 Turkey’s private sector foreign debt is USD 174 billion as of June 2021
16/08/2021 Turkey records a budget deficit of USD 5.4 billion in July 2021
16/08/2021 Turkey’s automotive production falls 44.6% in July 2021
13/08/2021 FDI to Turkey in first half of 2021 is USD 4.4 billion
13/08/2021 Turkey’s current account deficit is USD 13.6 billion for the first half of 2021
13/08/2021 Property sales to foreign nationals increases to 4.2% of total sales in Turkey in July 2021
13/08/2021 Fitch keeps Turkey’s credit rating at “BB-“ with a stable outlook
12/08/2021 Turkey’s Industrial Production Index increased by 23.9% in June 2021 from same month of previous year
12/08/2021 Turkish Central Bank’s interest rate remains constant at 19%
10/08/2021 Turkey’s official unemployment rate plunges down to 10.6% in June 2021
07/08/2021 Turkish Treasury reports a cash deficit of USD 8.1 billion for July 2021
05/08/2021 Turkey’s non-performing loans are USD 17.2 billion, 3.67% of total loans as of June 2021
03/08/2021 Turkey’s official annual inflation rate increases to 18.95% in July 2021
03/08/2021 Automotive sales in Turkey 29.6% higher in first seven months of 2021
02/08/2021 Turkey's Investment Office has published its August 2021 newsletter
02/08/2021 Turkey’s foreign trade deficit is USD 4.3 billion in July 2021 per preliminary calculations
30/07/2021 Turkey’s tourism revenue in 2nd quarter of 2021 down 62.3% compared to 2019
30/07/2021 Foreigners visiting Turkey in first half of 2021 less 68.3% than in 2019
30/07/2021 Turkey’s foreign trade deficit is USD 21.2 billion in first half of 2021
29/07/2021 Turkey’s economic confidence index increases 2.3% to 100.1 points in July 2021
29/07/2021 Turkish Central Bank raises its inflation forecast for 2021 yearend to 14.1%
28/07/2021 Turkish Central Bank’s gross reserves increase by 6.1% to USD 97.7 billion in June 2021
28/07/2021 IMF revises its forecast for Turkey’s growth in 2021 from 6% to 5.8%
26/07/2021 Turkey’s central administration gross debt stock is USD 233.2 billion in June 2021
19/07/2021 Turkey’s consumer confidence index decreases by 2.7% to 79.5 points in July 2021
16/07/2021 Turkey’s net international investment position is minus USD 327 billion in May 2021
16/07/2021 Turkey’s short-term external debt stock is USD 144.9 billion in May 2021
16/07/2021 Number of companies opening in Turkey in first half of 2021 increased by 24.9%
16/07/2021 Turkey records a budget deficit of USD 2.9 billion in June 2021
14/07/2021 Turkish Central Bank’s interest rate remains unchanged at 19%
13/07/2021 Turkey’s private sector foreign debt is USD 175.6 billion as of May 2021
13/07/2021 Turkey’s Industrial Production Index increased by 40.7% in May 2021 from same month of previous year
12/07/2021 Turkey’s official unemployment rate decreases to 13.2% in May 2021
12/07/2021 Turkey’s car production falls 15.9% and commercial vehicle production surges 54.4% in June 2021
12/07/2021 Property sales to foreign nationals increases to 3.5% of total sales in Turkey in June 2021
09/07/2021 Turkey’s current account deficit is USD 3.1 billion for May 2021
09/07/2021 FDI to Turkey in first five months of 2021 is USD 3.4 billion
07/07/2021 Turkish Treasury reports a cash deficit of USD 4.8 billion for first half of 2021
05/07/2021 Turkey’s official annual inflation rate increases to 17.53% in June 2021
02/07/2021 Automotive sales in Turkey were 55.4% higher in first half of 2021
02/07/2021 Turkey's Investment Office has published its July 2021 newsletter
02/07/2021 Turkey’s foreign trade deficit is USD 21.2 billion in first half of 2021 per preliminary calculations
02/07/2021 Fortune 500 list (2020) has been published for Turkey
01/07/2021 Turkish Central Bank raises FX reserve requirements to bolster lira holdings
01/07/2021 BDDK announces changes to credit card payment instalments
01/07/2021 Turkey hikes electricity and natural gas prices
30/06/2021 Turkey’s foreign trade deficit is USD 4.1 billion in May 2021
30/06/2021 Turkey’s gross external debt stock is USD 448.4 billion as of end of first quarter of 2021
29/06/2021 Turkey’s non-performing loans are USD 17.5 billion, 3.71% of total loans as of May 2021
29/06/2021 Turkey’s economic confidence index increases 5.6% to 97.8 points in June 2021
28/06/2021 Turkish Central Bank’s gross reserves increase by 4.6% to USD 92 billion in May 2021
25/06/2021 Foreigners visiting Turkey in first five months of 2021 less 71.2% than in 2019
22/06/2021 Turkey’s consumer confidence index rebounds back by 5.8% to 81.7 points in June 2021
21/06/2021 Turkey’s net international investment position is minus USD 343.5 billion in April 2021
21/06/2021 Turkey’s central administration gross debt stock is USD 235.2 billion in May 2021
18/06/2021 Number of companies opening in Turkey in first five months of 2021 increased by 32.1%
18/06/2021 Turkey’s short-term external debt stock is USD 144.7 billion in April 2021
17/06/2021 Turkish Central Bank leaves its interest rate unchanged at 19%
17/06/2021 Turkey’s private sector foreign debt is USD 171.5 billion as of April 2021
15/06/2021 Turkey records a budget deficit of USD 1.6 billion in May 2021
14/06/2021 Turkey’s automotive production increases by 28.2% in first five months of 2021
14/06/2021 Property sales to foreign nationals fell to 3% of total sales in Turkey in May 2021
14/06/2021 FDI to Turkey in first four months of 2021 is USD 2.7 billion
14/06/2021 Turkey’s current account deficit is USD 1.7 billion for April 2021
11/06/2021 IMF Executive Board completes consultations for 2021 with Turkey
11/06/2021 Turkey’s Industrial Production Index increased by 66% in April 2021 from same month of previous year
10/06/2021 Turkey’s official unemployment rate rises to 13.9% in April 2021
07/06/2021 Turkish Treasury reports a cash deficit of USD 3.4 billion in May 2021
04/06/2021 Turkey’s non-performing loans are USD 18 billion, 3.75% of total loans as of April 2021
03/06/2021 Turkey’s official annual inflation rate decreases to 16.59% in May 2021
02/06/2021 Automotive sales in Turkey were 69.8% higher in May 2021
02/06/2021 Turkey’s foreign trade deficit is USD 4.1 billion in May 2021 per preliminary calculations
02/06/2021 Turkey's Investment Office has published its June 2021 newsletter
02/06/2021 Turkey extends tax cuts given as relief to businesses from Covid-19 pandemic
31/05/2021 Turkey’s economy grows 7% in the first quarter of 2021
28/05/2021 Turkey’s foreign trade deficit is USD 3.1 billion in April 2021
28/05/2021 Turkey’s economic confidence index decreases 1.3% to 92.6 points in May 2021
28/05/2021 Turkish Central Bank’s gross reserves increase by 1.5% to USD 88 billion in April 2021
26/05/2021 ISO publishes survey of Turkey’s Top 500 Industrial Enterprises for 2020
24/05/2021 Number of foreigners visiting Turkey falls 35.6% in first four months of 2021
21/05/2021 Turkey’s consumer confidence index falls further by 3.6% to 77.3 points in May 2021
21/05/2021 Number of companies opening in Turkey in first four months of 2021 increased by 32.3%
20/05/2021 Turkey’s net international investment position is minus USD 339.3 billion in March 2021
20/05/2021 Turkey’s central administration gross debt stock is USD 236.7 billion in April 2021
18/05/2021 Turkey’s short-term external debt stock is USD 140.8 billion in March 2021
17/05/2021 Turkey records a budget deficit of USD 2.1 billion in April 2021
17/05/2021 Turkey’s private sector foreign debt is USD 170.2 billion as of March 2021
12/05/2021 Property sales to foreign nationals were 4.3% of total sales in Turkey in April 2021
11/05/2021 Turkey’s current account deficit is USD 3.3 billion for March 2021
11/05/2021 FDI to Turkey in first quarter of 2021 is USD 2.1 billion
11/05/2021 Turkey’s Industrial Production Index increased by 16.6% in March 2021 from same month of previous year
10/05/2021 Turkey’s official unemployment rate is 13.1% in March 2021
10/05/2021 Turkey’s automotive production increases by 28.1% in first four months of 2021
07/05/2021 Turkish Treasury reports a cash deficit of USD 1.6 billion in April 2021
06/05/2021 Turkish Central Bank maintains its interest rate at 19%
04/05/2021 Turkey's Investment Office has published its May 2021 newsletter
04/05/2021 Automotive sales in Turkey were 132.4% higher in April 2021
03/05/2021 Turkey’s official annual inflation rate increases to 17.14% in April 2021
03/05/2021 Turkey’s foreign trade deficit is USD 3.1 billion in April 2021 per preliminary calculations
30/04/2021 Turkey’s non-performing loans are USD 18 billion, 3.81% of total loans as of March 2021
30/04/2021 Turkey’s foreign trade deficit is USD 4.7 billion in March 2021
30/04/2021 Turkey’s tourism revenue falls 40.2% to USD 2.5 billion in 1st quarter of 2021
29/04/2021 Number of foreigners visiting Turkey falls 53.9% in first quarter of 2021
29/04/2021 Turkey’s economic confidence index decreases 5.1% to 93.9 points in April 2021
29/04/2021 Turkish Central Bank raises its inflation forecast for 2021 to 12.2%
28/04/2021 Turkish Central Bank’s gross reserves fall by 9% to USD 86.7 billion in March 2021
27/04/2021 World Bank sees rise in poverty in Turkey to 12.2% in 2020
22/04/2021 Turkey’s consumer confidence index plummets 7.5% to 80.2 points in April 2021
22/04/2021 Corporation Tax for 2021 has been increased to 25% in Turkey
20/04/2021 Turkey’s central administration gross debt stock is USD 234.1 billion in March 2021
19/04/2021 Turkey’s net international investment position is minus USD 387.1 billion in February 2021
16/04/2021 Turkey’s short-term external debt stock is USD 141.2 billion in February 2021
16/04/2021 Number of companies opening in Turkey in first quarter of 2021 increased by 14.9%
15/04/2021 Property sales in Turkey increased by 2.4% in March 2021
15/04/2021 Turkey records a budget surplus of USD 2.9 billion in March 2021
15/04/2021 Turkish Central Bank keeps its interest rate unchanged at 19%
15/04/2021 Turkey’s private sector foreign debt is USD 174.3 billion as of February 2021
15/04/2021 TÜSİAD has published its Turkish Economy 2021 report
13/04/2021 Turkey’s Industrial Production Index increased by 0.1% in February 2021 from previous month
12/04/2021 Turkey’s automotive production increases by 19.4% in March 2021
12/04/2021 Turkey’s official unemployment rate jumps to 13.4% in February 2021
12/04/2021 Turkey’s current account deficit is USD 2.6 billion for February 2021
08/04/2021 Turkish Treasury reports a cash surplus of USD 4.9 billion in March 2021
07/04/2021 Turkey's Investment Office has published its April 2021 newsletter
07/04/2021 IMF reaffirms its forecast for Turkey’s growth in 2021 as 6%
05/04/2021 Turkey’s official annual inflation rate increases to 16.19% in March 2021
02/04/2021 Automotive sales in Turkey were 92.8% higher in March 2021
01/04/2021 Turkey extends cut in withholding tax on TL deposit accounts
01/04/2021 Turkey’s foreign trade deficit is USD 4.7 billion in March 2021 per preliminary calculations
31/03/2021 Turkey’s economic confidence index increases 3.3% to 98.9 points in March 2021
31/03/2021 Turkey’s foreign trade deficit is USD 3.3 billion in February 2021
31/03/2021 Turkey’s gross external debt stock is USD 450 billion as of 2020 yearend
29/03/2021 Turkey’s non-performing loans are USD 20.5 billion, 4% of total loans as of February 2021
29/03/2021 Turkish Central Bank’s gross reserves decreased by 0.4% to USD 95.3 billion in February 2021
25/03/2021 Moody’s sees increased risks as a result of sacking of governor of Turkish Central Bank
24/03/2021 Turkey’s consumer confidence index increases 2.5% to 86.7 points in March 2021
23/03/2021 S&P reports on the aftermath of sacking of the Turkish Central Bank’s governor
23/03/2021 Fitch sees change in Turkish Central Bank governor as damaging its monetary policy credibility
22/03/2021 Turkey’s central administration gross debt stock is USD 252 billion in February 2021
22/03/2021 The official annual unemployment rate for 2020 has been announced as 13.2%
22/03/2021 Number of foreigners visiting Turkey falls 69% in February 2021
19/03/2021 Number of companies opening in Turkey in February 2021 increased by 7.7%
19/03/2021 Turkish Central Bank raises swap rate to 19% in line with its new main policy rate
19/03/2021 Fitch sees added pressure on Turkish Banks' profitability from interest rate rise
19/03/2021 Fitch welcomes Turkey’s return to a more orthodox monetary policy approach
18/03/2021 Turkey’s net international investment position is minus USD 392.4 billion in January 2021
18/03/2021 Turkish Central Bank increases its interest rate by 200 basis points to 19%
17/03/2021 Fitch increases its growth forecast for Turkey to 6.7% in 2021
17/03/2021 Istanbul falls 10 places to 74th place on the Global Financial Centres Index
17/03/2021 Turkey’s short-term external debt stock is USD 140.3 billion in January 2021
16/03/2021 Turkey’s private sector foreign debt is USD 173.8 billion as of January 2021
15/03/2021 Turkey records a budget surplus of USD 3.1 billion in February 2021
15/03/2021 Property sales in Turkey fell by 31.6% in February 2021
15/03/2021 Turkey’s automotive exports decrease by 14.3% in February 2021
12/03/2021 Turkey’s Industrial Production Index increased by 1% in January 2021 from previous month
12/03/2021 Turkish President Erdoğan unveils economic reform package
11/03/2021 Turkey’s current account deficit is USD 1.9 billion for January 2021
10/03/2021 Turkey has changed its method for calculating unemployment
09/03/2021 OECD forecasts 5.9% growth for Turkey in 2021
05/03/2021 Turkish Treasury reports a cash deficit of USD 0.5 billion in February 2021
05/03/2021 Turkey's Investment Office has published its March 2021 newsletter
03/03/2021 Turkey’s annual inflation rate increases to 15.61% in February 2021
02/03/2021 Automotive sales in Turkey were 24.2% higher in February 2021
02/03/2021 Turkey’s foreign trade deficit is USD 3.4 billion in February 2021 per preliminary calculations
01/03/2021 Turkey’s economy grows 1.8% in 2020
01/03/2021 Turkey’s non-performing loans are USD 20.7 billion, 4.09% of total loans as of January 2021
26/02/2021 Turkish Central Bank’s gross reserves increased by 2.6% to USD 95.7 billion in January 2021
26/02/2021 Turkey’s foreign trade deficit is USD 3 billion in January 2021
25/02/2021 Turkey’s economic confidence index decreases 0.5% to 95.8 points in February 2021
24/02/2021 IMF revises its forecast for Turkey’s growth in 2021 from 5% to 6%
24/02/2021 Turkish Central Bank increases reserve requirements
24/02/2021 Moody’s increases its forecast of Turkey’s 2021 growth to 4%
22/02/2021 Turkey’s central administration gross debt stock is USD 250.7 billion in January 2021
22/02/2021 Number of foreigners visiting Turkey falls 71.5% in January 2021
19/02/2021 Number of companies opening in Turkey in January 2021 increased by 8.1%
19/02/2021 Turkey’s net international investment position is minus USD 402.9 billion as of 2020 yearend
19/02/2021 Fitch affirms Turkey’s credit rating at “BB-“, but revises outlook to stable
18/02/2021 Turkey’s short-term external debt stock is USD 138.7 billion as of 2020 yearend
18/02/2021 Turkey’s consumer confidence index increases 1.5% to 84.5 points in February 2021
18/02/2021 Turkish Central Bank kept its interest rate unchanged at 17%
17/02/2021 Turkey’s private sector foreign debt is USD 173.3 billion as of 2020 yearend
15/02/2021 Property sales in Turkey fell by 37.9% in January 2021
15/02/2021 Turkey records a budget deficit of USD 3.3 billion in January 2021
15/02/2021 Turkey’s automotive exports decrease by 13.8% in January 2021
12/02/2021 Turkey’s Industrial Production Index increased by 1.3% in December 2020 from previous month
12/02/2021 Turkey’s current account deficit is USD 36.7 billion for 2020
12/02/2021 Foreign Direct Investment inflow to Turkey was USD 7.7 billion in 2020
10/02/2021 Turkey’s official unemployment rate increases slightly to 12.9% in November 2020
05/02/2021 Turkey's Investment Office has published its February 2021 newsletter
05/02/2021 Turkish Treasury reports a cash deficit of USD 3.6 billion in January 2021
04/02/2021 Turkey’s population announced as 83,614,362 as of 31.12.2020
03/02/2021 Turkey’s annual inflation rate moves up to 14.97% in January 2021
02/02/2021 Turkey’s foreign trade deficit is USD 3.1 billion in January 2021 per preliminary calculations
02/02/2021 Fitch says Turkey’s efforts to improve policy credibility will take time
02/02/2021 Automotive sales in Turkey were 60.3% higher in January 2021
02/02/2021 Turkish Central Bank sends letter of intent to the Government
01/02/2021 Wave of tax increases have been introduced in January 2021
01/02/2021 Turkey’s non-performing loans are USD 19.3 billion, 3.98% of total loans as of 2020 yearend
01/02/2021 Number of foreigners visiting Turkey falls 71.7% in 2020
29/01/2021 Turkey’s tourism revenue falls 65.1% to USD 12.1 billion in 2020
29/01/2021 Turkey’s foreign trade deficit is USD 49.9 billion in 2020
28/01/2021 Turkey revises its economic confidence index calculation method once again
28/01/2021 Turkish Central Bank’s gross reserves increased by 12.8% to USD 93.3 billion in December 2020
28/01/2021 Turkish Central Bank keeps its inflation forecast for 2021 unchanged at 9.4%
26/01/2021 IMF’s forecast for Turkey’s economy growth in 2021 increases to 6%
22/01/2021 S&P affirms Turkey’s foreign & local currency credit ratings with stable outlook
22/01/2021 Number of companies opening in Turkey in 2020 increased by 20.5%
21/01/2021 Turkey’s consumer confidence index increases 4% to 83.3 points in January 2021
21/01/2021 Turkish Central Bank keeps its interest rate unchanged at 17%
20/01/2021 Turkey’s central administration gross debt stock is USD 243.9 billion in December 2020
18/01/2021 Turkey’s net international investment position is minus USD 385.9 billion as of November 2020
17/01/2021 Turkey’s automotive production decreases by 11.2% in the year 2020
15/01/2021 Turkey records a budget deficit of USD 24.7 billion for 2020
15/01/2021 Turkey’s short-term external debt stock is USD 134.6 billion as of November 2020
14/01/2021 Property sales in Turkey increase by 11.2% in 2020
14/01/2021 Turkey’s private sector foreign debt is USD 169.5 billion as of November 2020
13/01/2021 Turkey’s Industrial Production Index increased by 1.3% in November 2020 from previous month
11/01/2021 Turkey’s official unemployment rate remains at 12.7% in October 2020
11/01/2021 Turkey’s current account deficit is USD 4.1 billion for November 2020
08/01/2021 Turkish Treasury reports a cash deficit of USD 6.3 billion in December 2020
07/01/2021 Automotive sales in Turkey were 61.3% higher in 2020
06/01/2021 Turkish M&A market makes a surprising recovery in 2020
06/01/2021 EY discloses M&A transactions in 2020 in Turkey at USD 9 billion
05/01/2021 Turkey's Investment Office has published its January 2021 newsletter
05/01/2021 Turkey’s foreign trade deficit is USD 4.6 billion in December 2020 per preliminary calculations
04/01/2021 Turkey’s annual inflation rate increases to 14.60% in December 2020
31/12/2020 Turkey’s foreign trade deficit is USD 5 billion in November 2020
31/12/2020 Turkey’s gross external debt stock is USD 435.1 billion as of end of third quarter of 2020
29/12/2020 Turkey’s non-performing loans are USD 19.3 billion, 3.98% of total loans as of November 2020
29/12/2020 Turkey’s economic confidence index decreases a further 3.5% in December 2020
28/12/2020 Turkish Central Bank’s gross reserves decreased by 2.2% to USD 82.7 billion in November 2020
28/12/2020 Turkey’s net minimum wage has been raised 21.56% to TL 2,825.90 (USD 380) as of 01.01.2021
25/12/2020 Turkish Central Bank raises swap rate to 17% in line with its new main policy rate
25/12/2020 Number of foreigners visiting Turkey falls 72% in first 11 months of 2020
24/12/2020 Turkish Central Bank raises its interest rate by 200 basis points to 17%
23/12/2020 Turkey extends tax cuts given as relief to businesses from coronavirus pandemic
22/12/2020 Fitch sees Turkish Banks' Asset Quality weakening in 2021
22/12/2020 Turkey’s central administration gross debt stock is USD 240.3 billion in November 2020
21/12/2020 Turkey’s consumer confidence index remains at 80.1 points in December 2020
20/12/2020 Turkey’s 2021 budget is ratified by parliament
18/12/2020 Turkey’s net international investment position is minus USD 351.2 billion as of October 2020
18/12/2020 Number of companies closing in Turkey in first 11 months of 2020 increased by 11%
17/12/2020 Turkey’s short-term external debt stock is USD 132.8 billion as of October 2020
16/12/2020 Turkey’s private sector foreign debt is USD 169 billion as of October 2020
15/12/2020 Property sales in Turkey fall by 18.7% in November 2020
15/12/2020 Turkey records a budget surplus of USD 1.7 billion in November 2020
14/12/2020 Turkey’s Industrial Production Index increased by 1.1% in October 2020 from previous month
14/12/2020 Turkey’s automotive production decreases by 13.4% in first 11 months of 2020
11/12/2020 Turkey’s current account deficit is USD 31.1 billion for first 10 months of 2020
10/12/2020 Fitch warns that Turkish banks face a challenging operating environment in 2021
10/12/2020 Turkish finance minister provides parliament with details of problem loans
10/12/2020 Turkey’s official unemployment rate decreased to 12.7% in September 2020
07/12/2020 Turkish Treasury reports a cash surplus of USD 1.6 billion in November 2020
07/12/2020 Fitch expects Turkish banks’ provisions to be adequate to absorb expected losses
03/12/2020 Turkey’s annual inflation rate surges to 14.03% in November 2020
03/12/2020 Turkey's Investment Office has published its December 2020 newsletter
02/12/2020 Automotive sales in Turkey are 72% higher in first 11 months of 2020
02/12/2020 Turkey’s foreign trade deficit is USD 5.1 billion in November 2020 per preliminary calculations
01/12/2020 Work permits were granted in Turkey to 145,232 foreigners in 2019
30/11/2020 BDDK eases foreign financial institutions access to Turkish lira
30/11/2020 Turkey’s foreign trade deficit is USD 2.4 billion in October 2020
30/11/2020 Turkey’s economy grew 6.7% in the thırd quarter of 2020
30/11/2020 Turkey’s non-performing loans are USD 18.3 billion, 3.98% of total loans as of October 2020
30/11/2020 Moody’s sees difficult operational environment for Turkish banks in 2021
28/11/2020 Turkish Central Bank publishes its Financial Stability Report (Nov.2020)
28/11/2020 Turkey’s increase in tax, penalty and other charges is 9.11% as of beginning of 2021
27/11/2020 Turkish Central Bank’s gross reserves increased by 6% to USD 84.5 billion in October 2020
27/11/2020 Turkish Central Bank has revised its reserve requirements
27/11/2020 Turkey’s economic confidence index decreases 3.5% in November 2020
26/11/2020 Turkish Central Bank increases swap limit to 60%
24/11/2020 Fitch notes Turkish banks are more reliant on CBRT for F/X liquidity
24/11/2020 BDDK to discontinue implementation of asset ratio requirement for banks
23/11/2020 Number of foreigners visiting Turkey falls 72.5% in first 10 months of 2020
20/11/2020 Fitch says return to credible monetary policy for Turkey will take time
20/11/2020 Number of companies opening in Turkey in first 10 months of 2020 increased by 22.8%
20/11/2020 Turkey’s central administration gross debt stock is USD 232.8 billion in October 2020
20/11/2020 TurkStat announces Turkey’s consumer confidence index as 80.1 points in November 2020
20/11/2020 Turkish Central Bank raises swap rate to 15% in line with its new main policy rate
19/11/2020 Turkish Central Bank hikes its interest rate by 475 basis points to 15%
18/11/2020 Turkey’s net international investment position is minus USD 368.5 billion as of September 2020
17/11/2020 Turkey’s short-term external debt stock is USD 134 billion as of September 2020
17/11/2020 S&P sees Turkey’s NPL bank loans reaching 11% by 2021 yearend
16/11/2020 Property sales in Turkey fall by 16.3% in October 2020
16/11/2020 Turkey’s automotive exports decrease by 30.2% in first 10 months of 2020
16/11/2020 Turkey records a budget deficit of USD 21.2 billion for the first 10 months of 2020
16/11/2020 Turkey’s private sector foreign debt is USD 169.9 billion as of September 2020
13/11/2020 Turkey’s Industrial Production Index increased by 1.7% in September 2020 from previous month
11/11/2020 Turkey’s current account deficit is USD 28 billion for first 9 months of 2020
10/11/2020 Fitch sees positive impact of change in Turkey’s top finance jobs
10/11/2020 Turkey’s official unemployment rate is 13.2% in August 2020
06/11/2020 Turkish Treasury reports a cash deficit of USD 21.4 billion in first 10 months of 2020
06/11/2020 Fitch sees Turkey’s recent efforts to tighten monetary policy as inadequate
03/11/2020 Automotive sales in Turkey are 78.1% higher in first 10 months of 2020
03/11/2020 Turkey’s annual inflation rate rises slightly to 11.89% in October 2020
03/11/2020 Turkish Central Bank raises swap rate to further tighten liquidity
03/11/2020 Turkey's Investment Office has published its November 2020 newsletter
02/11/2020 Turkey’s foreign trade deficit is USD 40.3 billion in first 10 months of 2020 per preliminary calculations
02/11/2020 Turkish Central Bank decides to cut to zero borrowing limits of lenders
30/10/2020 Turkey’s foreign trade deficit is USD 4.8 billion in September 2020
30/10/2020 Number of foreigners visiting Turkey falls 74% in first 9 months of 2020
30/10/2020 Turkey’s tourism revenue falls 71.2% to USD 4 billion in 3rd quarter of 2020
30/10/2020 Turkey’s non-performing loans are USD 19.5 billion, 4.07% of total loans as of September 2020
28/10/2020 Turkey’s economic confidence index increases 4.8% in October 2020
28/10/2020 Turkish Central Bank raises its inflation forecast for 2020 up to 12.1%
27/10/2020 Turkish Central Bank’s gross reserves fall by a further 4.9% to USD 79.7 billion in September 2020
26/10/2020 BDDK revises method for calculating asset ratio for banks
23/10/2020 Number of companies opening in Turkey in first 9 months of 2020 increased by 22.8%
22/10/2020 Turkish Central Bank keeps its interest rate unchanged at 10.25%
22/10/2020 TurkStat announces Turkey’s consumer confidence index as 81.9 points in October 2020
20/10/2020 Turkey’s central administration gross debt stock is USD 240.4 billion in September 2020
19/10/2020 Turkey’s net international investment position is minus USD 364.8 billion as of August 2020
16/10/2020 Turkey’s short-term external debt stock is USD 132.8 billion as of August 2020
15/10/2020 Turkey’s private sector foreign debt is USD 170.7 billion as of August 2020
15/10/2020 Property sales to foreigners in Turkey surge to 5,289 units, 3.9% of total sales, in September 2020
15/10/2020 Turkey records a budget deficit of USD 20.9 billion for the first 9 months of 2020
13/10/2020 Turkey’s Industrial Production Index increased by 3.4% in August 2020 from previous month
13/10/2020 IMF’s forecast for Turkey’s economy contraction in 2020 remains at 5%
12/10/2020 Turkey’s automotive production decreased by 19.2% in first 9 months of 2020
12/10/2020 Turkish Central Bank raises interest rate on TL reserve requirement
12/10/2020 Turkey’s current account deficit is USD 4.6 billion in August 2020
12/10/2020 Turkey’s official unemployment rate remains at 13.4% in July 2020
09/10/2020 Turkish Central Bank raises swap rate to 11.75%
08/10/2020 Turkey's Investment Office has published its October 2020 newsletter
07/10/2020 Turkish Treasury reported a cash deficit of USD 4 billion in September 2020
05/10/2020 Turkey’s annual inflation rate remains stable at 11.75% in September 2020
02/10/2020 Automotive sales in Turkey are 75.5% higher in first 9 months of 2020
02/10/2020 Turkey’s foreign trade deficit is USD 37.9 billion in first 9 months of 2020 per preliminary calculations
30/09/2020 Turkey’s gross external debt stock is USD 421.8 billion as of end of second quarter of 2020
30/09/2020 Turkey cuts F/X purchase tax and withholding tax on TL deposit accounts
30/09/2020 Turkey’s foreign trade deficit is USD 6.3 billion in August 2020
29/09/2020 Turkey’s New Economic Program for 2021-2023 announced
29/09/2020 Turkey’s economic confidence index increases 3.1% in September 2020
29/09/2020 Turkey’s non-performing loans are USD 20.6 billion, 4.15% of total loans as of August 2020
28/09/2020 Turkish Central Bank’s gross reserves fall by 7.2% to USD 83.8 billion in August 2020
28/09/2020 BDDK lowers asset ratio for banks
25/09/2020 BDDK raises banks' forex transaction limits
25/09/2020 Number of foreigners visiting Turkey falls 71.2% in August 2020
25/09/2020 Istanbul moves up 15 places to 64th place on the Global Financial Centres Index
24/09/2020 Turkish Central Bank unexpectedly raises interest rate 200 basis points to 10.25%
22/09/2020 Turkey’s central administration gross debt stock is USD 247 billion in August 2020
22/09/2020 TurkStat changes Turkey’s consumer confidence calculation method in September 2020
21/09/2020 Moody’s claims that Turkey’s external position is now at high risk
18/09/2020 Turkey’s net international investment position is minus USD 378.9 billion as of July 2020
18/09/2020 Number of companies opening in Turkey in first 8 months of 2020 increased by 20.7%
17/09/2020 Turkey’s short-term external debt stock is USD 128.4 billion as of July 2020
16/09/2020 Turkey’s private sector foreign debt is USD 170.7 billion as of July 2020
16/09/2020 OECD revises Turkey’s GDP contraction in 2020 to 2.9%
15/09/2020 Turkey records a budget surplus of USD 3.8 billion for August 2020
15/09/2020 Property sales in Turkey increase by 54.2% to 170,408 units in August 2020
14/09/2020 Turkey’s Industrial Production Index increased by 8.4% in July 2020 from previous month
14/09/2020 Turkey’s automotive production increase by 44.3% in August 2020
11/09/2020 Turkey’s current account deficit is USD 1.8 billion in July 2020
11/09/2020 Moody’s has downgraded Turkey’s rating to B2 with negative outlook
11/09/2020 Moody’s publishes its Credit Opinion update on Turkey’s downgraded rating
10/09/2020 Turkey’s official unemployment rate increases to 13.4% in June 2020
09/09/2020 Fitch sees increased risk to Turkish banks’ asset quality as a result of coronavirus pandemic
07/09/2020 Turkish Treasury reported a cash surplus of USD 4.1 billion in August 2020
03/09/2020 Turkey's Investment Office has published its September 2020 newsletter
03/09/2020 Turkey’s annual inflation rate remains stable at 11.77% in August 2020
02/09/2020 Automotive sales in Turkey are higher by 134.4% in August 2020
02/09/2020 Turkey’s foreign trade deficit is USD 6.3 billion in August 2020 per preliminary calculations
01/09/2020 Turkey’s non-performing loans are USD 21.7 billion, 4.26% of total loans as of July 2020
31/08/2020 Turkey’s economy contracted 9.9% in the second quarter of 2020
31/08/2020 Turkey’s foreign trade deficit is USD 2.7 billion in July 2020
30/08/2020 Turkey increases Special Consumption Tax on cars
28/08/2020 Turkish Central Bank’s gross reserves increase by 4.5% to USD 90.3 billion in July 2020
28/08/2020 Turkey’s economic confidence index increases 4.4% in August 2020
25/08/2020 Number of foreigners visiting Turkey falls 85.9% in July 2020
22/08/2020 Turkey’s automotive exports 33.3% lower in July 2020
21/08/2020 Turkish Central Bank in effect raises its one week repo interest rate to 9.75%
21/08/2020 Fitch revises Turkey’s credit rating to negative outlook
21/08/2020 Number of companies closing in Turkey increased 34.5% in July 2020
21/08/2020 Turkey’s central administration gross debt stock is USD 248 billion in July 2020
21/08/2020 Turkey’s consumer confidence index decreases 2.2% to 59.6 points in August 2020
21/08/2020 Turkey’s external assets are USD 227.3 billion as of June 2020
20/08/2020 Turkish Central Bank raises F/X reserve requirement by 200 basis points
20/08/2020 Turkish Central Bank keeps its interest rate unchanged at 8.25% for third month in a row
20/08/2020 Turkey’s short-term external debt stock is USD 124 billion as of June 2020
19/08/2020 Turkey’s private sector foreign debt is USD 170.1 billion as of June 2020
18/08/2020 Turkish Central Bank to halve overnight borrowing limits
17/08/2020 Property sales in Turkey shoot up 124.3% to 229,357 units in July 2020
17/08/2020 Turkey records a budget deficit of USD 4.3 billion for July 2020
14/08/2020 Turkey’s Industrial Production index recovers further by 17.6% in June 2020 from previous month
14/08/2020 Turkey’s current account deficit is USD 19.8 billion for first half of 2020
12/08/2020 Turkish Central Bank negates open market liquidity limits
11/08/2020 World Bank has published its economic update report for Turkey
10/08/2020 Turkey’s official unemployment rate increases marginally to 12.9% in May 2020
10/08/2020 Turkish Treasury reported a cash deficit of USD 4.4 billion in July 2020
10/08/2020 BDDK lowers relaxes loan-to-assets ratio
07/08/2020 Reuters reports on Ratings Agencies’ warnings on risks facing Turkish Lira
07/08/2020 Turkey's Investment Office has published its August 2020 newsletter
07/08/2020 Turkish Central Bank halves open market liquidity limits
06/08/2020 BDDK provides flexibility to foreign banks for swaps and TL liquidity
05/08/2020 IMF assesses monetary risks faced by the Turkish economy
05/08/2020 Automotive sales in Turkey swells by 387.5% in July 2020
04/08/2020 Turkey’s annual inflation rate falls back to 11.76% in July 2020
03/08/2020 Turkey’s foreign trade deficit is USD 2,7 billion in July 2020 per preliminary calculations
31/07/2020 Turkey cuts taxes to give relief to businesses from coronavirus pandemic
30/07/2020 Turkey’s economic confidence index rises a further 11.8% in July 2020
30/07/2020 Turkey’s non-performing loans are USD 22 billion, 4.43% of total loans as of June 2020
29/07/2020 Turkish Central Bank raises inflation forecast for 2020 up to 8.9%
29/07/2020 Turkey’s foreign trade deficit is up 73.2% at USD 23.9 billion in first half of 2020
28/07/2020 Turkish Central Bank’s gross reserves fall 5% to USD 86.3 billion in June 2020
27/07/2020 Turkstat decides not to publish tourism data relating to the second quarter of 2020
25/07/2020 Number of foreigners visiting Turkey falls 75.1% in first half of 2020
23/07/2020 Turkish Central Bank keeps its interest rate unchanged at 8.25% for second month in a row
23/07/2020 Turkey’s consumer confidence index decreases 2.7% to 60.9 points in July 2020
21/07/2020 Turkey’s external assets are USD 227.3 billion as of May 2020
20/07/2020 Turkey’s central administration gross debt stock is USD 239.6 billion in June 2020
20/07/2020 Turkey’s short-term external debt stock is USD 123.5 billion as of May 2020
18/07/2020 Turkish Central Bank increases F/X reserve requirement ratios by 300 basis points
17/07/2020 Turkey’s private sector foreign debt is USD 169.9 billion as of May 2020
17/07/2020 Number of companies opening in Turkey increased 9.5% in the first half of 2020
16/07/2020 Turkey records a budget deficit of USD 16.9 billion for the first half of 2020
14/07/2020 Property sales in Turkey climb 209.7% to 190.012 units in June 2020
14/07/2020 Istanbul Chamber of Industry publishes survey of Turkey’s Top 500 Industrial Enterprises
13/07/2020 Turkey’s current account deficit is USD 3.8 billion for May 2020
13/07/2020 Turkey’s Industrial Production index recovers 17.4% in May 2020 from previous month
13/07/2020 Turkey’s automotive production recovers to pre-pandemic levels in June 2020
10/07/2020 Turkey’s official unemployment rate moves further down to 12.8% in April 2020
07/07/2020 Turkish Central Bank lowers interest rate for reserve requirement
07/07/2020 Turkish Treasury reported a cash deficit of USD 3.9 billion in June 2020
07/07/2020 Turkey's Investment Office has published its July 2020 newsletter
03/07/2020 Automotive sales in Turkey surge by 66.3% in June 2020
03/07/2020 Fitch sees greater risk to Turkey’s F/X stability due to low level of reserves
03/07/2020 Turkey’s annual inflation rate rises to 12.62% in June 2020
02/07/2020 Turkey’s foreign trade activity recovers in June 2020 per preliminary calculations
01/07/2020 Fortune 500 list (2019) has been published for Turkey
30/06/2020 Turkey’s gross external debt stock is USD 431 billion as of end of first quarter of 2020
30/06/2020 Turkey’s foreign trade deficit reaches USD 21 billion for first five months of 2020
30/06/2020 Turkey suspends custom duties on some imported products
29/06/2020 Turkey’s economic confidence index rallies further by 19.1% in June 2020
29/06/2020 Turkey’s non-performing loans are USD 22.1 billion, 4.55% of total loans as of May 2020
28/06/2020 Turkey increases custom duties by up to 20% on 400 products
26/06/2020 Turkish Central Bank’s gross reserves increase 5.3% to USD 90.9 billion in May 2020
25/06/2020 Turkish Central Bank keeps its interest rate unchanged at 8.25%
24/06/2020 IMF keeps its forecast for Turkey’s economy contraction in 2020 at 5%
23/06/2020 S&P expects Turkey’s problematic loans to exceed 20% in 2021
22/06/2020 Turkey’s consumer confidence index increases further by 5.2% to 62.6 points in June 2020
22/06/2020 Number of foreigners visiting Turkey in May 2020 remain at a trickle
22/06/2020 Turkey’s central administration gross debt stock is USD 239.9 billion in May 2020
20/06/2020 Turkish Central Bank relaxes reserve requirement for bank loan growth
19/06/2020 Turkey’s external assets are USD 225.8 billion as of April 2020
19/06/2020 Number of companies opening in Turkey drops 48.5% in May 2020
18/06/2020 Turkey’s short-term external debt stock is USD 115.2 billion as of April 2020
17/06/2020 Turkey’s private sector foreign debt is USD 181.8 billion as of April 2020
15/06/2020 Turkey records a budget deficit of USD 2.5 billion for May 2020
15/06/2020 Property sales in Turkey dropped by 44.6% in May 2020
12/06/2020 Turkey’s Industrial Production index crashes 30.4% in April 2020 from previous month
12/06/2020 Turkey’s current account deficit is USD 5.1 billion for April 2020
11/06/2020 OECD forecasts 4.8% GDP contraction for Turkey in 2020 if no second virus wave
10/06/2020 Turkey’s official unemployment rate moves down to 13.2% in March 2020
09/06/2020 Turkey’s automotive production lower by 53.7% in May 2020 due to coronavirus pandemic
09/06/2020 Turkey's Investment Office has published its June 2020 newsletter
05/06/2020 Turkish Treasury reported a cash deficit of USD 1.4 billion in May 2020
04/06/2020 Turkey’s non-performing loans are USD 21.7 billion, 4.65% of total loans as of April 2020
03/06/2020 Turkey’s annual inflation rate moves up to 11.39% in May 2020
02/06/2020 Turkey’s exports fall 40.9% in May 2020 due to coronavirus per preliminary calculations
02/06/2020 Automotive sales in Turkey in May 2020 fall 2.4% due to continuing coronavirus ordeal
01/06/2020 Turkish Central Bank issues press release on Monetary Policy Committee Meeting of 21.05.2020
01/06/2020 Zynga to buy Turkish mobile gaming company Peak for USD 1.8 billion
01/06/2020 Turkey’s top 3 state banks offer loan packages to boost demand as lockdown is lifted
29/05/2020 Turkey’s banking watchdog puts pressure on banks to toe the line
29/05/2020 Turkey’s economy recorded a growth of 4.5% in the first quarter of 2020
29/05/2020 Turkey’s exports fall 41.4% in April 2020 due to impact of coronavirus
28/05/2020 Fitch answers questions on Turkey’ potential balance of payments crisis
28/05/2020 Turkish Central Bank’s gross reserves fall a further 6.3% to USD 86.3 billion in April 2020
28/05/2020 Turkey’s economic confidence index rallies by 20.4% in May 2020
26/05/2020 Fitch revises Turkey’s 2020 growth contraction to 3%
24/05/2020 Turkey’s tax rise on F/X and gold purchases & banks’ commercial paper
22/05/2020 Coronavirus pandemic brings to a standstill number of foreigners visiting Turkey in April 2020
22/05/2020 Turkish Central Bank increases swap limit to 50%
22/05/2020 Number of companies opening in Turkey drops 58% in April 2020
21/05/2020 Turkish Central Bank reduces interest rate by 50 basis points to 8.25%
21/05/2020 Turkey's Investment Office has published its May 2020 newsletter
20/05/2020 Turkey’s short-term external debt stock is USD 118.7 billion as of March 2020
20/05/2020 Turkey’s external assets are USD 233.8 billion as of March 2020
20/05/2020 Turkey’s central administration gross debt stock is USD 225.8 billion in April 2020
20/05/2020 Fitch Revises Outlook on 9 Turkish Foreign-Owned Banks to Negative
20/05/2020 Turkey’s consumer confidence index increases 8.5% to 59.5 points in May 2020
18/05/2020 Turkey’s private sector foreign debt is USD 185.5 billion as of March 2020
16/05/2020 The Economist examines Turkey’s unique monetary policy strategy
16/05/2020 Fitch does not see a funding crisis for Turkey as a result of coronavirus
15/05/2020 Property sales in Turkey plunged by 55.5% in April 2020
15/05/2020 Turkey records a budget deficit of USD 6.2 billion for April 2020
14/05/2020 Turkey’s Industrial Production index plummets 7.1% in March 2020 from previous month
13/05/2020 Turkey’s current account deficit is USD 4.9 billion for March 2020
12/05/2020 Turkey increases customs duties by up to 30% on imports
11/05/2020 Turkey’s unemployment rate decreases marginally to 13.6% in February 2020
11/05/2020 Turkey’s automotive production slumps 91.3% in April 2020 due to coronavirus pandemic
08/05/2020 Turkish Treasury reported a cash deficit of USD 6.6 billion in April 2020
07/05/2020 Turkey’s banking watchdog takes unprecedented steps to prevent manipulation in financial markets
07/05/2020 S&P affirms Turkey’s F/X and Local Currency ratings with stable outlook
06/05/2020 EU Commission forecasts Turkey’s economy to contract 5.4% in 2020
06/05/2020 Automotive sales in Turkey in April 2020 fall 14.6% due to coronavirus pandemic
05/05/2020 Turkish Central Bank increases swap limit to 40%
04/05/2020 Turkey’s annual inflation rate falls to 10.94% in April 2020
04/05/2020 Turkey’s foreign trade activity falls 34.3% in April 2020 due to coronavirus per preliminary calculations
30/04/2020 Turkey’s tourism revenue falls 11.4% to USD 4.1 billion in 1st quarter of 2020
30/04/2020 Turkish Central Bank cuts inflation forecast for 2020 down to 7.4%
30/04/2020 Coronavirus pandemic causes drop of 67.8% in foreigners visiting Turkey in March 2020
30/04/2020 Turkey’s non-performing loans are USD 23.1 billion, 4.97% of total loans as of March 2020
30/04/2020 Falling exports results in USD 5,391 million deficit in Turkey’s foreign trade in March 2020
29/04/2020 Turkey’s economic confidence index collapses by 44.1% in April 2020
28/04/2020 Turkish Central Bank’s gross reserves fall 14.5% to USD 92.1 billion in March 2020
23/04/2020 Fitch sees new asset ratio requirement for Turkish banks as untimely
22/04/2020 Turkey’s consumer confidence index falls 5.8% to 54.9 points in April 2020
22/04/2020 Turkish Central Bank reduces interest rate by 100 basis points to 8.75%
20/04/2020 Turkey’s central administration gross debt stock is USD 222.5 billion in March 2020
20/04/2020 Turkey’s external assets reached USD 251.4 billion as of February 2020
19/04/2020 Turkey's banking watchdog announces new asset ratio to boost lending
17/04/2020 Turkey’s short-term external debt stock is USD 122.5 billion as of February 2020
17/04/2020 Number of companies opening in Turkey increases 26.7% in the first quarter of 2020
17/04/2020 Turkish Central Bank introduces further measures to combat impacts of coronavirus
16/04/2020 Turkey’s private sector foreign debt is USD 185.5 billion as of February 2020
15/04/2020 Turkey records a budget deficit of USD 6.7 billion for March 2020
15/04/2020 Property sales in Turkey increase by 3.4% in March 2020
13/04/2020 Turkey’s current account deficit is USD 1.2 billion for February 2020
13/04/2020 Turkey’s Industrial Production index increases by 1.2% in February 2020
13/04/2020 Coronavirus strikes a deep blow to Turkey’s automotive industry in March 2020
12/04/2020 BDDK cuts banks' forex transaction limits
10/04/2020 Turkey’s unemployment rate increases marginally to 13.8% in January 2020
09/04/2020 World Bank revises its 2020 growth forecast for Turkey down to 0.5%
07/04/2020 Turkish Treasury reported a cash deficit of USD 6.2 billion in March 2020
06/04/2020 Fitch still expects Turkey’s economy to grow 0.8% in 2020
03/04/2020 Turkey’s annual inflation rate moves back down to 11.86% in March 2020
03/04/2020 Turkey's Investment Office has published its April 2020 newsletter
02/04/2020 Automotive sales in Turkey in March 2020 fall back to a small increase of 1.6%
02/04/2020 Coronavirus pandemic causes Turkey’s exports to fall 17.8% in March 2020 per preliminary calculations
31/03/2020 Turkey’s gross external debt stock is USD 436.9 billion as of yearend 2019
31/03/2020 Turkey’s foreign trade deficit for February 2019 rises 72% to USD 3 billion
31/03/2020 Turkish Central Bank introduces additional measures to increase liquidity in face of coronavirus
30/03/2020 Turkey’s non-performing loans are USD 24.5 billion, 5.22% of total loans as of February 2020
27/03/2020 Turkey’s economic confidence index falls 5.9% in March 2020
27/03/2020 Turkish Central Bank’s gross reserves increase 5.1% to USD 107.7 billion in February 2020
26/03/2020 Istanbul plunges 26 places to 79th place on the Global Financial Centres Index
25/03/2020 Fitch cites deteriorating funding conditions as risk to Turkey’s credit profile
25/03/2020 Moody’s expects Turkey’s economy to be hit the hardest from coronavirus
23/03/2020 Foreigners visiting Turkey increased by 3.8% in February 2020
23/03/2020 Turkey’s private sector foreign debt is USD 198.2 billion as of January 2020
23/03/2020 Turkey’s consumer confidence index increases 1.7% to 58.2 points in March 2020
20/03/2020 Turkey’s central administration gross debt stock is USD 226.2 billion in February 2020
20/03/2020 Number of companies opening in Turkey increases 36.8% in February 2020
20/03/2020 The annual unemployment rate for 2019 has been announced as 13.7%
19/03/2020 Fitch raises its forecast for Turkey’s GDP growth for 2020 to 3.7%
17/03/2020 Turkish Central Bank reduces interest rate by 100 basis points to 9.75%
17/03/2020 Turkish Central Bank eases access to liquidity to help economy in pandemic crisis
17/03/2020 Turkey’s short-term external debt stock is USD 123.6 billion as of January 2020
17/03/2020 Turkey’s external assets reached USD 250.2 billion as of January 2020
16/03/2020 Property sales in Turkey rise by 51.3% in February 2020
16/03/2020 Turkey records a budget deficit of USD 1.2 billion for February 2020
15/03/2020 Turkey’s automotive production increases 7% in February 2020
13/03/2020 Turkey’s Industrial Production index decreases by 0.2% in January 2020 from previous month
10/03/2020 Turkey’s unemployment rate increases to 13.7% in December 2019
10/03/2020 Turkey’s current account deficit is USD 1.8 billion for January 2020
10/03/2020 Turkey's Investment Office has published its March 2020 newsletter
07/03/2020 Turkish Central Bank changes reserve requirement to channel loans to productive sectors
06/03/2020 Turkish Treasury reported a cash deficit of USD 1.4 billion in February 2020
03/03/2020 Turkey’s annual inflation rate rises slightly to 12.37% in February 2020
03/03/2020 Turkey’s trade deficit for February 2020 increases 72.9% to USD 3 billion per preliminary calculations
03/03/2020 Automotive sales in Turkey increase by 89.4% in February 2020
02/03/2020 Turkey’s non-performing loans are USD 25.4 billion, 5.36% of total loans as of January 2020
28/02/2020 Turkey’s foreign trade deficit for January 2019 rises 94.3% to USD 4.6 billion
28/02/2020 Turkey’s economy grows by 0.9% in 2019
28/02/2020 Turkish Central Bank’s gross reserves decrease 2.8% to USD 102.5 billion in January 2020
27/02/2020 Turkey’s economic confidence index increases 0.5% in February 2020
24/02/2020 Foreigners visiting Turkey increased by 16.1% in January 2020
22/02/2020 Fitch has again affirmed Turkey’s BB- credit rating with a stable outlook
21/02/2020 Turkey’s external assets reached USD 250.6 billion as of December 2019
21/02/2020 Number of companies opening in Turkey increases 26.6% in January 2020
20/02/2020 Turkey’s short-term external debt stock is USD 118.2 billion as of December 2019
20/02/2020 Turkey’s central administration gross debt stock is USD 223.4 billion in January 2020
20/02/2020 Turkey to allow visa-free travel for 6 European countries
20/02/2020 Turkey’s consumer confidence index decreases 2.7% to 57.3 points in February 2020
19/02/2020 Turkey’s private sector foreign debt is USD 200.9 billion as of 2019 yearend
19/02/2020 Turkish Central Bank reduces interest rate by 50 basis points to 10.75%
17/02/2020 Turkey’s car production increases 5.6%, but commercial vehicles down 10.1% in January 2020
17/02/2020 Turkey records a budget surplus of USD 3.6 billion for January 2020
14/02/2020 Turkey shows a current account surplus of USD 1,674 million in 2019
14/02/2020 Property sales in Turkey rise by 55.8% in January 2020
13/02/2020 Turkey’s Industrial Production index increases by 1.9% in December 2019 from previous month
13/02/2020 YASED has published its Annual Report 2019
10/02/2020 Turkey’s unemployment rate decreases slightly to 13.3% in November 2019
10/02/2020 Fees that Turkish banks can charge commercial clients have been revised
07/02/2020 Turkish Treasury reported a cash surplus of USD 3.8 billion in January 2020
04/02/2020 Automotive sales in Turkey increase by 89.8% in January 2020
04/02/2020 Turkey’s population announced as 83,154,997 as of 31.12.2019
03/02/2020 Turkey’s trade deficit for January 2020 surges 85.4% to USD 4.6 billion per preliminary calculations
03/02/2020 Turkey's Investment Office has published its February 2020 newsletter
03/02/2020 Turkey’s annual inflation rate increases to 12.15% in January 2020
31/01/2020 S&P again affirms Turkey’s foreign and local currency credit ratings with stable outlook
31/01/2020 Foreigners visiting Turkey in 2019 increase by 14.1% to a record 45.1 million
31/01/2020 Turkey’s foreign trade deficit for 2019 falls 43.5% to USD 31.2 billion
31/01/2020 Turkey’s tourism revenue grows 17% to USD 34.5 billion in 2019
30/01/2020 Turkey’s non-performing loans are USD 25.4 billion, 5.37% of total loans as of yearend 2019
29/01/2020 Turkey changes its economic confidence index calculation method once again
28/01/2020 Turkish Central Bank’s gross reserves increase 13.4% to USD 105.5 billion in 2019
28/01/2020 Number of foreign capital companies established in 2019 was 12,634
25/01/2020 New Board of Directors for DEIK elected for 2020-2024
24/01/2020 Number of companies closing in Turkey increases 5% in 2019
23/01/2020 Turkey’s consumer confidence index remains the same at 58.8 points in January 2020
21/01/2020 EY discloses M&A transactions in 2019 in Turkey at USD 12 billion
20/01/2020 Turkey’s external assets reached USD 248.2 billion as of November 2019
20/01/2020 Moody’s says negative interest rate will harm Turkish bank’s ability to access funding
20/01/2020 Moody’s sees surge in Turkey's home sales as sign of estate market recovery and boost to banking sector
20/01/2020 Turkish Central Bank to pay out USD 40.5 billion in advance dividends and reserve funds to the Treasury
20/01/2020 Turkey’s central administration gross debt stock is USD 223.7 billion in December 2019
20/01/2020 Almost 900 companies filed for concordato in 2019 in Turkey
18/01/2020 Turkish Central Bank adjusts gold limits in lira reserve requirements
17/01/2020 Turkey’s short-term external debt stock is USD 114.6 billion as of November 2019
16/01/2020 Fitch sees Turkey’s large interest rate cuts as burden on its credit rating
16/01/2020 Turkey’s private sector foreign debt is USD 203.7 billion as of November 2019
16/01/2020 Turkish Central Bank reduces interest rate by 75 basis points to 11.25%
15/01/2020 Property sales in Turkey surge by 47.7% in December 2019
15/01/2020 Turkey’s budget deficit is USD 21.9 billion for 2019
14/01/2020 Turkey’s Industrial Production index increases by 0.7% in November 2019 from previous month
13/01/2020 Turkey shows a current account deficit of USD 518 million in November 2019
13/01/2020 Turkey’s car production fell 5.7% in 2019 despite recovery in second half of 2019
13/01/2020 2019 a bad year for the Turkish M&A market
10/01/2020 Work permits were granted in Turkey to 87,182 and 115,837 foreigners in 2017 and 2018 respectively
10/01/2020 Turkey’s unemployment rate decreases to 13.4% in October 2019
08/01/2020 Turkish Treasury reported a cash deficit of USD 6.2 billion in December 2019
06/01/2020 Fitch says Turkish banks’ interest cash flow shortfall reflects rise in problematic loans
03/01/2020 Turkey’s trade deficit for 2019 falls 43.5% to USD 31.1 billion per preliminary calculations
03/01/2020 Automotive sales in Turkey fall 22.9% in 2019
03/01/2020 Turkey's Investment Office has published its January 2020 newsletter
03/01/2020 Turkey’s annual inflation rate increases to 11.84% in December 2019
02/01/2020 Turkish government reduces VAT on furniture from 18% to 8%
02/01/2020 Turkish Central Bank plans to charge commission on FX reserves with the Bank
31/12/2019 Turkey’s foreign trade deficit falls 48.8% to USD 26.8 billion in first 11 months of 2019
31/12/2019 Turkey’s gross external debt stock is USD 433.9 billion as of end of 3rd Quarter of 2019
30/12/2019 Foreigners visiting Turkey in first 11 months of 2019 increase 14.3% to 42.9 million
30/12/2019 Turkey’s economic confidence index increases 2.7% in December 2019
30/12/2019 Turkey’s non-performing loans are USD 25 billion, 5.24% of total loans as of November 2019
28/12/2019 IMF releases its December 2019 Country Report for Turkey
28/12/2019 Turkish Central Bank increased FX reserve requirement ratios
27/12/2019 Turkish Central Bank’s reserves are USD 104.8 billion as of the end of November 2019
26/12/2019 Turkey’s net minimum wage has been raised 15.04% to TL 2,324.70 (USD 391) as of 01.01.2020
21/12/2019 Turkish Central Bank takes steps to help protect Turkish lira
21/12/2019 Turkey’s 2020 budget is ratified by parliament
20/12/2019 Turkey’s consumer confidence index decreases 1.9% to 58.8 points in December 2019
20/12/2019 Turkey’s short-term external debt stock is USD 118 billion as of October 2019
20/12/2019 Turkey’s external assets reached USD 247.7 billion as of October 2019
20/12/2019 Number of companies closing in Turkey in November 2019 falls 13.7% compared to previous month
20/12/2019 Turkey’s central administration gross debt stock is USD 221.6 billion in November 2019
17/12/2019 Turkey’s private sector foreign debt is USD 204.5 billion as of October 2019
17/12/2019 Property sales in Turkey increase by 54.4% in November 2019
16/12/2019 Turkey’s car production recuperates with a welcoming increase of 9.1% in November 2019
16/12/2019 Turkey’s budget deficit is USD 16.5 billion for the first 11 months of 2019
16/12/2019 Turkey’s unemployment rate decreases slightly to 13.8% in September 2019
13/12/2019 Turkey’s Industrial Production index decreases by 0.9% in October 2019 from previous month
12/12/2019 Turkish Central Bank reduces interest rate by 200 basis points to 12%
11/12/2019 Turkey shows a current account surplus of USD 1,549 million in October 2019
09/12/2019 Turkey's Investment Office has published its December 2019 newsletter
09/12/2019 Turkish Central bank revises reserve requirement regulation
09/12/2019 Fitch sees continued risks for emerging market banks in 2020
06/12/2019 Turkish Treasury reported a cash surplus of USD 1.4 billion in November 2019
03/12/2019 Turkey’s annual inflation rate increases back up to 10.56% in November 2019
03/12/2019 Automotive sales in Turkey fall 28.5% in first eleven months of November 2019
02/12/2019 Turkey’s trade deficit for first 11 months of 2019 falls 49% to USD 26.7 billion per preliminary calculations
02/12/2019 Turkey’s economy recorded a growth of 0.9% in the third quarter of 2019
29/11/2019 Fitch sees a positive outlook for recovery of Turkey’s economy
29/11/2019 Turkey’s non-performing loans are USD 24.4 billion, 5.16% of total loans as of October 2019
29/11/2019 Turkey’s foreign trade deficit falls 52.5% to USD 24,5 billion in first 10 months of 2019
29/11/2019 Foreigners visiting Turkey in first 10 months of 2019 increase 14.5% to 40.7 million
28/11/2019 Turkey’s economic confidence index increases 1.7% in November 2019
28/11/2019 Turkish Central Bank’s reserves increase by 3.4% to USD 104.6 billion as of the end of October 2019
28/11/2019 Tax payments in Turkey will not be made via private banks as of 01.01.2020
22/11/2019 Turkish parliament passes new taxes into law
22/11/2019 Number of companies opening in Turkey increases 18% in October 2019
21/11/2019 Turkey’s central administration gross debt stock is USD 220.8 billion in October 2019
21/11/2019 Turkey’s consumer confidence index increases 5.2% to 59.9 points in November 2019
21/11/2019 OECD revises Turkey’s growth rate to 0.3% in 2019
19/11/2019 Turkey’s external assets reached USD 247.5 billion as of September 2019
18/11/2019 Property mortgage sales in Turkey increase over 5 times in October 2019
18/11/2019 Turkey’s short-term external debt stock is USD 121.3 billion as of September 2019
15/11/2019 Turkey’s unemployment rate increases to 14% in August 2019
15/11/2019 Turkey records a budget deficit of USD 2.6 billion in October 2019
15/11/2019 Turkey’s private sector foreign debt is USD 207.2 billion as of September 2019
14/11/2019 Moody’s revises its 2019 growth estimate for Turkey to 0.2%
14/11/2019 Turkey’s Industrial Production index increases by 3.2% in September 2019 from previous month
12/11/2019 Turkey shows a current account surplus of USD 2,477 million in September 2019
12/11/2019 Fitch revises the outlook on 20 Turkish Banks from negative to stable
11/11/2019 Turkey’s automotive exports fall 7.5% in October 2019
08/11/2019 Turkey's Investment Office has published its November 2019 newsletter
07/11/2019 Turkish Treasury reported a cash deficit of USD 2.1 billion in October 2019
07/11/2019 EU Commission says the resilience of the Turkish economy is wearing thin
05/11/2019 World Bank publishes its Turkey Economic Monitor (October 2019) report
05/11/2019 Turkey’s increase in tax, penalty and other charges is 22.58% as of beginning of 2020
04/11/2019 Automotive sales in Turkey shoot up 127.5% in October 2019
04/11/2019 Turkey’s annual inflation rate falls further to 8.55% in October 2019
02/11/2019 Turkey’s trade deficit for first 10 months of 2019 falls 52.7% to USD 24.4 billion per preliminary calculations
01/11/2019 Fitch has reaffirmed Turkey’s BB- credit rating with a stable outlook
31/10/2019 Foreigners visiting Turkey in first 9 months of 2019 increase 14.5% to 36.4 million
31/10/2019 Turkey’s tourism revenue increases 22% to USD 14 billion in 3rd quarter of 2019
31/10/2019 Turkey’s foreign trade deficit falls 55.7% to USD 22.7 billion in first 9 months of 2019
31/10/2019 Turkish Central Bank cuts its 2019 yearend inflation forecast to 12%
30/10/2019 Turkey’s economic confidence index increases 4.5% in October 2019
30/10/2019 Turkey’s non-performing loans are 4.98% of total loans as of September 2019
25/10/2019 Turkish Central Bank’s reserves decrease by 0.4% to USD 101.1 billion as of the end of September 2019
24/10/2019 Turkish Central Bank reduces interest rate by 250 basis points to 14%
24/10/2019 Turkey rises to No.33 in World Bank’s Doing Business report 2020
23/10/2019 Turkey’s consumer confidence index increases 2.1% to 57 points in October 2019
21/10/2019 Turkey’s central administration gross debt stock is USD 219.3 billion in September 2019
18/10/2019 Number of companies opening in Turkey increases 21.6% in September 2019
17/10/2019 Moody’s views US sanctions as threat to Turkish economy
16/10/2019 Property sales in Turkey increase 15.4% in September 2019
16/10/2019 Turkey’s private sector foreign debt is USD 208.4 billion as of August 2019
16/10/2019 Turkey’s domestic automotive sales help production to increase by 2.5% in September 2019
15/10/2019 Turkey’s unemployment rate jumps up to 13.9% in July 2019
15/10/2019 Turkey records a budget deficit of USD 3.1 billion in September 2019
15/10/2019 IMF has revised its growth projection for Turkish economy in 2019 to 0.2%
14/10/2019 Turkey’s Industrial Production index decreases by 2.8% in August 2019 from previous month
11/10/2019 Moody’s sees Turkey’s growth targets as incompatible with macro-economic demands
11/10/2019 Turkey shows a current account surplus of USD 2,604 million in August 2019
10/10/2019 Turkey's Investment Office has published its October 2019 newsletter
10/10/2019 S&P sees risk to tourism of Turkey’s military entry into Northern Syria
09/10/2019 World Bank revises Turkey’s growth rate for 2019 to 0%
07/10/2019 Turkish Treasury reported a cash deficit of USD 3.8 billion in September 2019
03/10/2019 Fitch’s stress test sees Turkish private banks in stronger position against risks
03/10/2019 Turkey’s annual inflation rate drops to 9.26% in September 2019
02/10/2019 Turkey’s trade deficit for first 9 months of 2019 falls 55.8% to USD 22.6 billion per preliminary calculations
02/10/2019 Automotive sales in Turkey surge up 82.4% in September 2019
01/10/2019 Fitch Ratings has revised its contraction forecast for Turkey in 2019 from 1.1% to 0.3%
30/09/2019 Turkey’s New Economic Program for 2020-2022 announced
30/09/2019 Electricity price increased by 14.90% as of October 1st, 2019
30/09/2019 Turkey’s non-performing loans are 4.65% of total loans as of August 2019
30/09/2019 Foreigners visiting Turkey in first 8 months of 2019 increase 14.7% to 31 million
30/09/2019 Turkey’s foreign trade deficit was USD 2.5 billion in August 2019
30/09/2019 Turkey’s gross external debt stock is USD 439.7 billion as of end of 2nd Quarter of 2019
27/09/2019 Turkish Central Bank’s reserves increase by 2.2% to USD 101.6 billion as of the end of August 2019
27/09/2019 Turkey’s economic confidence index decreases 1.3% in September 2019
24/09/2019 IMF mission envisages 0.25% growth for Turkey in 2019
23/09/2019 Moody’s sees loan reclassification as indication of extent of Turkish banks’ solvency
20/09/2019 OECD revises Turkey’s growth to contract by 0.3% in 2019
20/09/2019 Number of companies established in Turkey in first eight months of 2019 decreased by 10.3%
20/09/2019 Turkey’s central administration gross debt stock is USD 214.9 billion in August 2019
20/09/2019 Turkish Central Bank has increased its F/X reserve requirements
20/09/2019 Turkey’s consumer confidence index falls back 4.3% to 55.8 points in September 2019
18/09/2019 Turkey’s private sector foreign debt is USD 211.4 billion as of July 2019
18/09/2019 Property sales in Turkey increase 5.1% in August 2019
17/09/2019 BDDK‘s reclassification of bank loans will increase NPL level to 6.3%
16/09/2019 Turkey records a budget surplus of USD 576 million in August 2019
16/09/2019 Turkey’s unemployment rate increases to 13% in June 2019
16/09/2019 Istanbul moves up to 53rd place on the Global Financial Centres Index
16/09/2019 Turkey’s automotive exports help production increase by 10.7% in August 2019
13/09/2019 Turkey’s Industrial Production index rises by 4.3% in July 2019 from previous month
13/09/2019 Turkey shows a current account surplus of USD 1,158 million in July 2019
12/09/2019 Turkish Central Bank reduces interest rate by 325 basis points to 16.50%
10/09/2019 Turkey's Investment Office has published its September 2019 newsletter
06/09/2019 Turkish Treasury reported a cash surplus of USD 980 million in August 2019
05/09/2019 Fitch sees weakening of asset quality in Turkish insurance sector
04/09/2019 Turkey’s trade deficit is USD 2.5 billion in August 2019 per preliminary calculations
03/09/2019 Automotive sales in Turkey fall 23.6% in August 2019
03/09/2019 Turkey’s annual inflation rate falls to 15.01% in August 2019
02/09/2019 Turkey’s economy contracted by 1.5% in the second quarter of 2019
02/09/2019 Turkey’s non-performing loans are 4.59% of total loans as of July 2019
31/08/2019 Natural gas price increased by 14.90% as of September 1st, 2019
29/08/2019 Turkey’s foreign trade deficit fell 46.9% to USD 3.2 billion in July 2019
29/08/2019 Turkey’s automotive imports fall 70% in July 2019
29/08/2019 Number of foreigners visiting Turkey on track to reach 45 million in 2019
29/08/2019 Turkey has been stunned with a flurry of price increases in August 2019
28/08/2019 Turkey’s economic confidence index increases 7.9% in August 2019
28/08/2019 Turkish Central Bank’s reserves increase by 3.2% to USD 99.4 billion as of the end of July 2019
23/08/2019 Number of companies established in Turkey in July 2019 increased by 5.9%
23/08/2019 Fitch Ratings sees no short-term risk associated with new Turkish reserve requirements
22/08/2019 Turkey’s consumer confidence index increases 3.2% to 58.3 points in August 2019
21/08/2019 Property sales in Turkey fall 17.5% in July 2019
21/08/2019 Turkey’s private sector foreign debt is USD 216.5 billion as of June 2019
20/08/2019 Turkey’s central administration gross debt stock is USD 220.3 billion in July 2019
19/08/2019 Turkish Central Bank uses reserve requirements to encourage loan lending
16/08/2019 Turkey’s Industrial Production index falls by 3.7% in June 2019 from previous month
15/08/2019 Turkish government increases tax on cigarettes
15/08/2019 Turkey’s unemployment rate decreases to 12.8% in May 2019
15/08/2019 Turkey records a budget surplus of USD 1.8 billion in July 2019
09/08/2019 Turkey shows a surplus of USD 538 million in its 12 month rolling current account balance in June 2019
07/08/2019 Turkish Treasury reported a small cash surplus of USD 738 million in July 2019
05/08/2019 Turkey’s annual inflation rate increases to 16.65% in July 2019
05/08/2019 Turkey's Investment Office has published its August 2019 newsletter
05/08/2019 Turkey’s trade deficit is USD 3.2 billion in July 2019 per preliminary calculations
05/08/2019 Turkish Central Bank has raised its F/X reserve requirements
03/08/2019 S&P affirms Turkey’s foreign and local currency credit ratings with stable outlook
02/08/2019 Automotive sales in Turkey fall 66% in July 2019
31/07/2019 Turkey’s non-performing loans are 4.38% of total loans as of June 2019
31/07/2019 Turkish Central Bank cuts its 2019 yearend inflation forecast to 13.9%
31/07/2019 Turkey’s tourism revenue increases 13.2% to USD 8 billion in 2nd quarter of 2019
31/07/2019 Turkey’s foreign trade deficit fell 63.6% to USD 14.8 billion in first half of 2019
31/07/2019 Number of foreigners visiting Turkey in first half of 2019 increases by 13.2% to 18.1 million
30/07/2019 Turkey’s economic confidence index decreases 3.2% in July 2019
26/07/2019 Turkish Central Bank’s reserves increase by 0.7% to USD 96.3 billion as of the end of June 2019
25/07/2019 Turkish Central Bank reduces interest rate by 425 basis points to 19.75%
24/07/2019 European Investment Bank freezes lending to Turkey
23/07/2019 Turkey’s consumer confidence index falls 1.9% to 56.5 points in July 2019
22/07/2019 Turkey’s central administration gross debt stock is USD 211.8 billion in June 2019
19/07/2019 Fitch downgrades several Turkish corporations
19/07/2019 Fitch downgrades credit ratings of 14 Turkish banks
19/07/2019 Number of companies established in Turkey in first half of 2019 fell by 13.6%
19/07/2019 Turkey’s Parliament ratifies 11th Development Plan
19/07/2019 Turkish parliament passes law to transfer Central bank’s reserves to budget
17/07/2019 Property sales in Turkey fall 48.6% in June 2019
17/07/2019 Turkey’s private sector foreign debt is USD 216.5 billion as of May 2019
16/07/2019 Turkey records a budget deficit of USD 14.1 billion for the first half of 2019
16/07/2019 Turkey’s unemployment rate falls further to 13% in April 2019
16/07/2019 Fitch reports on Turkish banks’ liquidity risks
15/07/2019 Turkey’s automotive production falls 12.8% in the first half of 2019
15/07/2019 S&P says that S-400 sanctions unlikely to affect Turkey’s credit rating
12/07/2019 Turkey’s Industrial Production index increases by 1.3% in May 2019 from previous month
12/07/2019 Fitch downgrades Turkey to BB- with negative outlook
11/07/2019 Turkey records a USD 151 million current account surplus in May 2019
08/07/2019 Turkey's Investment Office has published its July 2019 newsletter
05/07/2019 Turkish Treasury reports a cash deficit of USD 14 billion in first half of 2019
03/07/2019 Turkey’s annual inflation rate falls to 15.72% in June 2019
02/07/2019 Turkey’s exports fall 14.2% to USD 11.1 billion in June 2019 per preliminary calculations
02/07/2019 Automotive sales in Turkey fall 44.8% in first half of 2019
02/07/2019 Fortune 500 list (2018) has been published for Turkey
01/07/2019 Moody’s reports increased vulnerability of Turkish banks
29/06/2019 Turkish Central Bank reduces interest rates on credit cards
28/06/2019 Turkey’s foreign trade deficit fell 76.5% to USD 1.8 billion in May 2019
28/06/2019 Number of foreigners visiting Turkey in May 2019 increases by 9.4%
28/06/2019 Turkish Central Bank’s reserves increase by 3% to USD 95.6 billion as of the end of May 2019
28/06/2019 Turkey’s non-performing loans are 4.19% of total loans as of May 2019
28/06/2019 Turkey’s gross external debt stock is USD 446.7 billion as of end of 1st Quarter of 2019
27/06/2019 Turkey’s economic confidence index back up 7.6% in June 2019
21/06/2019 Number of companies closing in Turkey in May 2019 increases by 49.1%
20/06/2019 Turkey’s central administration gross debt stock is USD 208.4 billion in May 2019
20/06/2019 Fitch Ratings has affirmed ratings of seven Turkish banks
20/06/2019 Turkey’s consumer confidence index recovers 4.2% to 57.6 points in June 2019
19/06/2019 Turkey’s private sector foreign debt is USD 218.7 billion as of April 2019
18/06/2019 Turkey’s Industrial Production index decreases by 1% in April 2019 from previous month
18/06/2019 Moody's downgrades 18 Turkish banks
17/06/2019 Turkey’s unemployment rate falls to 14.1% in March 2019
17/06/2019 Property sales in Turkey fall 31.3% in May 2019
17/06/2019 Turkey records a budget deficit of USD 2.1 billion in May 2019
17/06/2019 Turkish Central Bank extends liquidity facility to primary dealers
17/06/2019 Turkish exporters to be exempt from tax on foreign currency purchases
15/06/2019 Turkey’s automotive production falls 12.1% in the first five months of 2019
15/06/2019 Moody's downgrades Turkey's ratings to B1 with negative outlook
14/06/2019 Turkey’s current account deficit falls 76.2% to USD 1,334 million in April 2019
13/06/2019 BDDK announces changes to credit card payment instalments
12/06/2019 Turkish Treasury reports a cash deficit of USD 2.5 billion in May 2019
12/06/2019 Turkish Central Bank’s policy rate remains at 24%
11/06/2019 Automotive sales in Turkey fall 54.6% in May 2019
05/06/2019 World Bank forecasts Turkey’s economy to contract by 1% in 2019
04/06/2019 Turkey’s exports hit a new record high of USD 16 billion in May 2019 per preliminary calculations
03/06/2019 Turkey’s annual inflation rate moves down to 18.71% in May 2019
01/06/2019 Turkey's Investment Office has published its June 2019 newsletter
31/05/2019 Turkey’s economy contracted by 2.6% in the first quarter of 2019
31/05/2019 Turkey’s foreign trade deficit was USD 3 billion in April 2019
31/05/2019 Number of foreigners visiting Turkey in April 2019 leaps up by 24%
31/05/2019 Total foreign direct investment to Turkey in first four months of 2019 is USD 2.8 billion
31/05/2019 Turkey’s non-performing loans are 4.06% of total loans as of April 2019
31/05/2019 KPMG has published its Investment in Turkey – Tax Services Report 2019
30/05/2019 True Value Capital Partners has purchased Sabancı’s Temsa for TL 182.7 million
30/05/2019 United Initiators is to purchase Hidrojen Peroksit A.Ş.
28/05/2019 Turkey’s economic confidence index falls by 8.5% in May 2019
28/05/2019 Turkish Central Bank’s reserves fall a further 4.3% to USD 92.8 billion as of the end of April 2019
28/05/2019 ISO 500 total production sales increased by 34.5% in 2018 in TL value
27/05/2019 Turkish Central Bank increases reserve requirement on F/X deposits
27/05/2019 Moody’s sees Turkey’s new F/X regulation as reducing depositor confidence
22/05/2019 Turkey reduces tariffs on 22 products from the USA
21/05/2019 OECD warns of substantial risks threatening Turkey’s economic recovery
21/05/2019 Turkey’s consumer confidence index plummets 12.9% to 55.3 points in May 2019
20/05/2019 Turkey’s central administration gross debt stock is USD 203.1 billion in April 2019
20/05/2019 Turkey imposes 1 day settlement delay on FX purchases for individuals of USD 100,000 and above
20/05/2019 Turkey imposes 1 day settlement delay on FX purchases for individuals of USD 100,000 and above
16/05/2019 Foreign interest in property in Turkey continues in April 2019
16/05/2019 Moody’s warns of rating downgrade if Turkey does not implement an effective monetary policy
16/05/2019 Turkey’s private sector foreign debt is USD 222.6 billion as of March 2019
15/05/2019 Turkey records a budget deficit of USD 3.1 billion in April 2019
15/05/2019 Turkey’s unemployment rate remains at 14.7% in February 2019
15/05/2019 Turkish government under international criticism for handling of economy
15/05/2019 Turkey re-imposes 0.1% tax on some foreign-currency sales
14/05/2019 Turkey’s Industrial Production index increases by 2.1% in March 2019 from previous month
13/05/2019 Turkey’s current account deficit falls 87.6% to USD 589 million in March 2019
13/05/2019 Moody’s sees continues low consumer demand until early 2020
11/05/2019 Turkey’s automotive imports decrease 62.2% in April 2019
10/05/2019 Fitch takes note of Turkey’s Treasury’s continued support to state banks
09/05/2019 Turkish Central Bank lowers TL reserve requirement from 40% to 30%
09/05/2019 Turkish Central Bank suspends one-week repo auctions
08/05/2019 Turkish Treasury reports a cash deficit of USD 2.4 billion in April 2019
08/05/2019 EBRD more optimistic about Turkey’s economic recovery
07/05/2019 European Commission forecasts a 2.3% contraction in Turkey’s economy in 2019
07/05/2019 Turkey's Investment Office has published its May 2019 newsletter
04/05/2019 Turkey’s foreign trade deficit is USD 3 billion in April 2019 per preliminary calculations
03/05/2019 Turkey’s annual inflation rate steadies at 19.50% in April 2019
03/05/2019 Fitch affirms Turkey’s credit rating at BB with a negative outlook
03/05/2019 Automotive sales in Turkey fall 56.5% in April 2019
02/05/2019 Turkish government increases tax on mobile telephones and tobacco
02/05/2019 S&P Global sees a difficult time ahead for Turkish banks
30/04/2019 Turkey’s non-performing loans are 4.05% of total loans as of March 2019
30/04/2019 Turkish Central Bank keeps inflation targets unchanged
30/04/2019 Turkey’s tourism revenue increases 4.6% to USD 4.6 billion in 1st quarter of 2019
30/04/2019 Turkey’s foreign trade deficit was USD 2,1 billion in March 2019
29/04/2019 Turkey’s economic confidence index increases by 3.4% in April 2019
29/04/2019 Number of foreigners visiting Turkey in 1st quarter of 2019 increased by 6.1% to 5.4 million
26/04/2019 Turkish Central Bank’s reserves fall 3.8% to USD 96.3 billion at the end of March 2019
25/04/2019 Turkish Central Bank decides to leave interest rate unchanged
22/04/2019 Turkey’s central administration gross debt stock is USD 206.5 billion in March 2019
22/04/2019 Turkey’s consumer confidence index surprisingly surges up 6.9% to 63.5 points in April 2019
17/04/2019 Property sales to foreigners in Turkey remain strong in March 2019
16/04/2019 Turkey’s private sector foreign debt is USD 222.6 billion as of February 2019
16/04/2019 Turkey’s Industrial Production index increases by 1.3% in February 2019 from previous month
15/04/2019 Turkey’s unemployment rate advances to 14.7% in January 2019
15/04/2019 Turkey records a budget deficit of USD 6.6 billion in first quarter of 2019
13/04/2019 Turkey’s automotive production fell 15% in the 1st quarter of 2019
12/04/2019 Moody’s criticizes Turkey’s reform package for being too vague
11/04/2019 Turkey’s current account deficit falls 84% to USD 718 million in February 2019
11/04/2019 Turkish government announces new economic reform agenda
09/04/2019 IMF forecasts that Turkey will now contract by 2.5% in 2019
08/04/2019 Facebook has started to charge 18% VAT on all advertising services in Turkey
08/04/2019 Turkish government tax and regulation amendments – week 01-05.04.2019
08/04/2019 Number of mobile subscribers in Turkey reaches 80 million
05/04/2019 Turkey’s recession results hit EBRD’s 2018 profits
05/04/2019 Turkish Treasury reports a cash deficit of USD 6.9 billion in first quarter of 2019
04/04/2019 S&P Global says that Turkey is not currently at risk of a credit downgrade
04/04/2019 Turkish Central Bank raises swap limit further to 40%
04/04/2019 Turkey’s foreign trade deficit is USD 2.1 billion in March 2019 per preliminary calculations
04/04/2019 Fitch Solutions sees falls in Turkish lira as harmful for Turkey’s automotive industry
03/04/2019 Turkey’s annual inflation rate 19.71% in March 2019
03/04/2019 Turkey's Investment Office has published its April 2019 newsletter
02/04/2019 Automotive sales in Turkey fell 44.2% in 1st quarter of 2019
01/04/2019 Moody’s warns of risk of capital flight from Turkey without right policy decisions
01/04/2019 The Turkish Competition Authority has published its Annual Report for 2018
01/04/2019 YASED publishes its 2018 FDI report for Turkey
29/03/2019 Turkey’s non-performing loans are 4.11% of total loans as of February 2019
29/03/2019 Turkey’s gross external debt stock is USD 444.9 billion as of 2018 yearend
29/03/2019 Fitch Ratings sees Turkish banks as able to withstand deterioration in asset quality
29/03/2019 Turkey’s foreign trade deficit was USD 2,1 billion in February 2019
29/03/2019 Number of foreigners visiting Turkey in February 2019 increases by 9.4% to 1.7 million
29/03/2019 Turkish Central Bank’s reserves increased 3.4% to USD 100.1 billion at the end of February 2019
28/03/2019 Turkey’s economic confidence index increases by 3.1% in March 2019
25/03/2019 The annual unemployment rate for 2018 has been announced as 11%
22/03/2019 Fitch Ratings expects Turkey’s economic recovery to be slower
21/03/2019 Turkish government extends sales tax incentives again
21/03/2019 Withholding tax on Turkish bank foreign exchange deposit accounts increased
21/03/2019 Turkey’s consumer confidence index increases 2.8% to 59.4 points in March 2019
20/03/2019 Fitch Ratings forecasts Turkey’s economy to contract by 1.1% in 2019
20/03/2019 Turkey’s automotive exports fall 12.6% in February 2019
20/03/2019 Turkey’s central administration gross debt stock is USD 211.7 billion in February 2019
18/03/2019 Foreigners’ share of Turkey’s domestic property sales remain at over 4% in February 2019
15/03/2019 Istanbul moves up to 59th place on the Global Financial Centres Index
15/03/2019 Turkey’s unemployment rate swells to 13.5% in December 2018
15/03/2019 Turkey records a budget deficit of USD 3.2 billion in February 2019
14/03/2019 Turkey’s private sector foreign debt is USD 223.9 billion as of January 2019
14/03/2019 Turkey’s Industrial Production index increases by 1% in January 2019 from previous month
14/03/2019 Fitch Solutions sees funding for Turkey’s infrastructure projects moving from EU to China in the medium/long term
13/03/2019 Turkish Central Bank provides summary of its March 6th Monetary Policy Meeting
12/03/2019 Turkey’s economy grew by 2.6% in 2018
12/03/2019 Turkey’s current account deficit falls 88.4% to USD 813 million in January 2019
11/03/2019 Turkey’s economy contracted by 3% in the fourth quarter of 2018
07/03/2019 Turkey's Investment Office has published its March 2019 newsletter
07/03/2019 Turkish Treasury reports a cash deficit of USD 4.9 billion in February 2019
07/03/2019 OECD forecasts that Turkey’s economy will contract 1.8% in 2019
07/03/2019 Fitch Solutions sees Turkey’s budget being burdened by higher unemployment, lower tax revenues and losses on debt guarantees
06/03/2019 Turkish Central Bank leaves interest rate unchanged
06/03/2019 Automotive sales in Turkey fell by 47.1% in February 2019
06/03/2019 Fitch warns that 2019 will be a tough year for Turkish consumer companies
05/03/2019 Moody’s emphasizes Turkey’s “low” institutional strength due to weakened policy making
04/03/2019 Turkey’s annual inflation rate moves down to 19.67% in February 2019
04/03/2019 Turkey’s foreign trade deficit is USD 2.2 billion in February 2019 per preliminary calculations
01/03/2019 BDDK publishes statistics for Turkey’s banking sector as of January 2019
01/03/2019 Moody’s expects Turkey’s economy to shrink 2% in 2019
28/02/2019 Turkey’s foreign trade deficit was USD 2,5 billion in January 2019
28/02/2019 Turkish Central Bank’s reserves increased 4.1% to USD 96.8 billion at the end of January 2019
28/02/2019 Number of foreigners visiting Turkey in January 2019 increases by 5.3% to 1.5 million
28/02/2019 TurkStat to calculate foreign trade statistics according to general trade system (GTS)
28/02/2019 Fitch Solutions sees narrowing of Turkey’s current account deficit due to contracting imports
27/02/2019 Turkey’s economic confidence index increases by 1.1% in February 2019
25/02/2019 Moody’s sees Turkey's measures to increase loan growth as credit negative for banks
21/02/2019 Turkey’s central administration gross debt stock is USD 210.8 billion in January 2019
20/02/2019 TÜSİAD elects Simone Kaslowski as its new president
20/02/2019 OECD has published its Environmental Performance Reviews 2019 on Turkey
20/02/2019 Turkey’s consumer confidence index falls 0.7% to 57.8 points in February 2019
19/02/2019 S&P forecasts 15-20% problem loans in Turkey within the next year
19/02/2019 Honda will end production of Civic Sedan model in Turkey in 2021
19/02/2019 Turkey’s private sector foreign debt is USD 225.8 billion as of 2018 yearend
18/02/2019 Total property sales in Turkey fall by 24.8% in January 2019
16/02/2019 Turkish Central bank adjusts its TL reserve requirement calculation
16/02/2019 Turkish Central Bank records Turkey’s FDI for 2018 as USD 13.2 billion
15/02/2019 Turkey’s unemployment rate surges further up to 12.3% in November 2018
15/02/2019 Turkey records a budget surplus of USD 977 million in January 2019
15/02/2019 S&P affirms Turkey’s credit ratings and maintains stable outlook
14/02/2019 Turkey’s Industrial Production index decreases by 1.4% in December 2018 from previous month
12/02/2019 Japanese technology company SECOM sets up Turkish joint venture with Aktif Bank
11/02/2019 YASED has published its Annual Report 2018
11/02/2019 Turkey’s current account deficit falls 41.6% to USD 27.6 billion in 2018
09/02/2019 Turkey’s automotive production falls 11.6% in January 2019
08/02/2019 YASED elects Ayşem Sargın, Boeing’s Turkey Country Executive, as its new Chairperson
07/02/2019 Turkish Treasury reports a cash surplus of USD 479 million in January 2019
06/02/2019 Turkey's Investment Office has published its February 2019 newsletter
04/02/2019 Turkey’s annual inflation rate steadies at 20.35% in January 2019
04/02/2019 Turkey’s foreign trade deficit is USD 2.5 billion in January 2019 per preliminary calculations
04/02/2019 Automotive sales in Turkey fell by 59% in January 2019
01/02/2019 Turkey’s population announced as 82,003,882 as of 31.12.2018
31/01/2019 Number of foreigners visiting Turkey in 2018 increases by 21.8% to 39.5 million
31/01/2019 Turkey’s foreign trade deficit fell 28.4% to USD 55 billion in 2018
31/01/2019 Turkey’s tourism revenue grows 12.3% to USD 29.5 billion in 2018
30/01/2019 Türkstat changes presentation of Turkey’s economic confidence index to allow for seasonal adjustments
30/01/2019 Turkish Central Bank lowers its inflation forecasts
29/01/2019 Toyota launches production of its new Corolla hybrid model in Turkey
28/01/2019 Turkish Central Bank’s reserves fall 13.6% in 2018 to USD 93 billion
27/01/2019 Fitch Solutions forecasts delays in Turkey’s renewable energy projects
23/01/2019 Türkstat changes presentation of Turkey’s consumer confidence index to allow for seasonal adjustments
22/01/2019 Turkey’s central administration gross debt stock is USD 202 billion in December 2018
21/01/2019 EY discloses M&A transactions in 2018 in Turkey at USD 12 billion
21/01/2019 Deloitte publishes its annual M&A review report for 2018
18/01/2019 Turkish Central Bank adjusts scope of reserve requirements
18/01/2019 Number of companies founded in Turkey in 2018 up 17%
16/01/2019 Property sales in Turkey to foreigners increase by 78.4% to 39,663 in 2018
16/01/2019 Turkish Central Bank, in line with expectations, leaves interest rate unchanged
15/01/2019 Turkey records a budget deficit of USD 16 billion for 2018
15/01/2019 Turkey’s unemployment rate climbs to 11.6% in October 2018
14/01/2019 Turkey’s private sector’s foreign debt remains at USD 228.9 billion in November 2018
14/01/2019 Turkey’s automotive production falls 8.6% in 2018
14/01/2019 Turkey’s Industrial Production index decreases by 0.3% in November 2018 from previous month
11/01/2019 Turkey records a current account surplus of USD 986 million in November 2018
10/01/2019 World Bank has published its Economic Monitor (December 2018) report on Turkey
09/01/2019 World Bank forecasts 1.6% growth in Turkey in 2019
09/01/2019 PwC has published its Energy Deals 2018 report for Turkey
08/01/2019 Turkish Treasury reports a cash deficit of USD 15.5 billion for 2018
08/01/2019 Turkey's Investment Office has published its January 2019 newsletter
05/01/2019 PepsiCo opens new factory in Manisa, near Izmir, Turkey
04/01/2019 Turkey’s foreign trade deficit is USD 55 billion in 2018 per preliminary calculations
04/01/2019 Turkey’s exports reach a record USD 168.1 billion in 2018
04/01/2019 Automotive sales in Turkey fell by 35.1% in 2018
03/01/2019 Turkey’s annual inflation rate moves further down to 20.30% in December 2018
02/01/2019 Turkish government extends sales tax cuts for further 3 months
31/12/2018 Turkey’s foreign trade deficit was USD 651 million in November 2018
31/12/2018 Turkey’s gross external debt stock is USD 448.5 billion as of the end of the 3rd quarter of 2018
28/12/2018 Turkey’s economic confidence index increases by 2% in December 2018
28/12/2018 Number of foreigners visiting Turkey in first eleven months of 2018 increases by 22.3% to 37.5 million
28/12/2018 Turkish Central Bank’s reserves increased 5.6% to USD 91 billion as of end of November 2018
25/12/2018 Turkey’s net minimum wage has been raised 26.05% to TL 2,020 (USD 381)
22/12/2018 Turkey’s 2019 budget is approved by Turkish parliament
21/12/2018 Turkey’s consumer confidence index falls back 2.3% to 58.2 points in December 2018
21/12/2018 Turkey’s central administration gross debt stock is USD 203.3 billion in November 2018
20/12/2018 Property sales in Turkey to foreigners continues to exceed in November 2018
17/12/2018 Turkey’s unemployment rate moves up to 11.4% in September 2018
17/12/2018 Turkey’s Industrial Production index decreases by 1.9% in October 2018 from previous month
17/12/2018 Turkey records a budget deficit of USD 12,175 million for first 11 months of 2018
17/12/2018 Turkey’s automotive production falls 21.2% in November 2018
15/12/2018 Fitch affirms Turkey’s credit rating at BB with negative outlook
14/12/2018 Turkey’s private sector’s foreign debt falls by further 1.6% to USD 228.9 billion in October 2018
13/12/2018 Turkish Central Bank decides to leave interest rate unchanged in line with expectations
13/12/2018 Moody’s outlook for Turkish companies remains negative
11/12/2018 Turkey records a current account surplus of USD 2.8 billion in October 2018
10/12/2018 Turkey’s economy grows by 1.6% in the third quarter of 2018
10/12/2018 TÜSİAD calls for reforms to strengthen democracy and rule of law
07/12/2018 Foreign nationals may obtain Turkish citizenship for incomplete property projects
07/12/2018 Turkish Treasury reports a cash surplus of USD 902 million in November 2018
07/12/2018 Turkey's Investment Office has published its December 2018 newsletter
07/12/2018 Fitch sees Akbank’s rights issue as a sign of pressure on Turkish banks as a whole
05/12/2018 Turkish Central Bank keeps its inflation target at 5% for 2019
05/12/2018 Fitch Ratings warns of premature loosening of monetary policy
04/12/2018 Automotive sales in Turkey fall by 42.3% in November 2018
03/12/2018 Turkey’s exports continue to power ahead with USD 15.5 billion in November 2018
03/12/2018 Turkey’s annual inflation rate falls back down to 21.62% in November 2018
03/12/2018 S&P sees Turkish banks’ problematic assets rising to 20% of loans
01/12/2018 Turkey’s foreign trade deficit is USD 604 million in November 2018 per preliminary calculations
30/11/2018 Turkey’s foreign trade deficit of USD 456 million in October 2018 is lowest for over 15 years
30/11/2018 Number of foreigners visiting Turkey in first ten months of 2018 increases by 22.4% to 35.6 million
29/11/2018 Turkey’s economic confidence index surprisingly increases by 9.2% in November 2018
28/11/2018 Turkish Central Bank’s reserves increased 1.8% to USD 86.2 billion as of end of October 2018
22/11/2018 Turkey’s consumer confidence index revives 4% to 59.6 points in November 2018
21/11/2018 Property sales in Turkey to foreigners hits new high of 6,276 units in October 2018
20/11/2018 Turkey’s central administration gross debt stock is USD 197 billion in October 2018
19/11/2018 Fitch expects pressure on emerging markets to continue in 2019
16/11/2018 Turkey allows use of foreign currencies in real estate contracts with foreign residents
16/11/2018 Turkey’s Industrial Production index decreases by 2.7% in September 2018 from previous month
16/11/2018 Fitch sees decline in quality of assets held by Turkish banks
15/11/2018 Turkey’s unemployment rate moves up to 11.1% in August 2018
15/11/2018 Turkey records a budget deficit of USD 13,357 million for first 10 months of 2018
15/11/2018 Turkey’s private sector’s foreign debt falls by further 1.3% to USD 233.1 billion in September 2018
15/11/2018 OECD predicts “short-lived” contraction of the Turkish economy
15/11/2018 Deloitte has published its “Digital Bridges” report for Turkey
13/11/2018 Turkey’s automotive production falls 16% in October 2018
12/11/2018 Turkey records a current account surplus of USD 1.8 billion in September 2018
09/11/2018 EY publishes “Tourism Market Overview” report on Turkey
08/11/2018 Moody’s forecasts 2% contraction of the Turkish economy in 2019
07/11/2018 Turkish Treasury reports a cash deficit of USD 266 million in October 2018
05/11/2018 Turkey’s annual inflation rate moves slightly up to 25.24% in October 2018
05/11/2018 Moody’s criticises the Turkish government’s recent tax cuts
02/11/2018 Turkey's Investment Office has published its November 2018 newsletter
02/11/2018 Automotive sales in Turkey collapse 76.5% in October 2018
01/11/2018 EBRD Bank reduces Turkey’s growth forecasts
01/11/2018 Turkey’s exports achieve record high of USD 15.7 billion in October 2018
01/11/2018 Turkey’s foreign trade deficit falls to record low USD 529 million in October 2018 per preliminary calculations
31/10/2018 Turkey’s economic confidence index falls a further 4.9% in October 2018
31/10/2018 Turkish Central Bank sharply revises its 2018 yearend inflation rate up to 23.5%
31/10/2018 Turkish government announces tax cut package
31/10/2018 Turkey’s foreign trade deficit is USD 51.1 billion for the first nine months of 2018
31/10/2018 Turkey’s tourism revenue only increases by 1% in the third quarter of 2018
31/10/2018 Number of foreigners visiting Turkey in the first nine months of 2018 increases by 22.1%
31/10/2018 Turkey one of top 10 most improving countries in World bank’s Doing Business report 2019
29/10/2018 Turkey’s Presidential Annual Programme for 2019 has been published
26/10/2018 Turkish Central Bank’s reserves fall 4.7% to USD 84.7 billion as of end of September 2018
26/10/2018 Taiwan Cement buys 40% of OYAK Çimento for USD 640 million
25/10/2018 Turkish Central Bank leaves interest rate unchanged in line with expectations
23/10/2018 Turkey’s consumer confidence index slips further 3.4% to 57.3 points in October 2018
23/10/2018 Turkey’s central administration gross debt stock is USD 187.2 billion in September 2018
23/10/2018 Turkish Central Bank raises to 2% overnight interest paid on USD reserve requirements
21/10/2018 Second phase of driverless metro in Istanbul starts operating
19/10/2018 Property sales in Turkey to foreigners surges to 5,615 units in September 2018
19/10/2018 SOCAR opens giant new oil refinery in Izmir, Turkey
17/10/2018 Turkey’s private sector’s foreign debt fell by USD 4.5 billion to USD 236.3 billion in August 2018
16/10/2018 Turkey’s Industrial Production index decreases by 1.1% in August 2018 from previous month
15/10/2018 Turkey’s unemployment rate continues upward trend to 10.8% in July 2018
15/10/2018 Turkey records a budget deficit of USD 11,577 million for first 9 months of 2018
14/10/2018 Dutch port terminal operator APM terminals is leaving Turkey
12/10/2018 Turkey’s automotive production recovers in September 2018 due to strong export demand
11/10/2018 President Erdoğan announces “Investment Programme Preparations” mandate
11/10/2018 Turkey’s current account surplus of USD 2.6 billion in August 2018 is first surplus in 3 years
09/10/2018 IMF revises Turkey’s economic growth forecasts down
09/10/2018 Turkish government introduces programme to enlist the private sector to help counter inflation
08/10/2018 Turkish Banks Association gives advice to its members on restructuring loans
08/10/2018 Turkey plans to impose quotas on steel imports
06/10/2018 Turkish Treasury reports a cash deficit of USD 1.4 billion in September 2018
03/10/2018 Turkey’s annual inflation rate surges forward to 24.52% in September 2018
03/10/2018 Turkey's Investment Office has published its October 2018 newsletter
02/10/2018 Automotive sales in Turkey plummet by 67.7% in September 2018
01/10/2018 Fitch downgrades 20 Turkish Banks
01/10/2018 Turkey hikes up electricity and natural gas prices for the third month in a row
01/10/2018 Turkey’s exports rebound up 22.6% to USD 14.5 billion in September 2018
01/10/2018 Turkey’s foreign trade deficit falls 76.9% in September 2018 to USD 1.9 billion per preliminary calculations
01/10/2018 YASED has published its presentation of UNCTAD’s World Investment Report 2018
01/10/2018 ISPAT has published its presentation “Foreign Citizens’ Acquisition of Turkish Citizenry”
01/10/2018 ISPAT has published its presentation “Acquisition of Real Estate by Foreigners in Turkey”
28/09/2018 Istanbul moves up to 68th place on the Global Financial Centres Index
28/09/2018 Turkish Central Bank’s reserves fall 11.8% to USD 88.9 billion as of end of August 2018
28/09/2018 Turkey’s gross external debt stock is USD 457 billion as of the end of the 2nd quarter of 2018
28/09/2018 Number of foreigners visiting Turkey in the first eight months of 2018 increases by 22.9%
28/09/2018 Turkey’s foreign trade deficit falls to USD 2.4 billion in August 2018
27/09/2018 Turkey’s economic confidence index plunges down by 15.4% in September 2018
27/09/2018 Fortune 500 list has been published for Turkey
26/09/2018 Fitch Solutions believes that tax cuts are inadequate to halt decline in Turkey’s car sales
25/09/2018 Turkey’s new pension scheme to become obligatory for employees for 3 years
25/09/2018 Fitch warns of Turkish banks’ higher foreign currency liquidity risk
25/09/2018 Moody’s sees higher risk of constraint on access to F/X deposits in Turkey
21/09/2018 Fitch foresees that Turkey’s TL-USD rate will stabilise around TL 6.20 over next three years
21/09/2018 Fitch recognises that Turkey’s new economic program needs effective implementation
20/09/2018 Turkey’s central administration gross debt stock is USD 176.1 billion in August 2018
20/09/2018 OECD reduces its economic growth forecast for Turkey
20/09/2018 Turkish Treasury and Finance Ministry unveils its Medium Term Programme
20/09/2018 Turkey’s consumer confidence index plummets 13.2% to 59.3 points in September 2018
19/09/2018 Turkey’s private sector’s foreign debt is USD 240.5 billion as of July 2018
19/09/2018 Middle-eastern nationals at the forefront of jump in property sales to foreigners in Turkey in August 2018
19/09/2018 Turkey lowers investment limits for foreigners to acquire Turkish citizenship
19/09/2018 Turkish Banks Association prepares agreement to help businesses restructure their loans
17/09/2018 Turkey’s Industrial Production index increases by 3.5% in July 2018 from previous month
17/09/2018 Turkey’s unemployment rate increases to 10.2% in June 2018
17/09/2018 Turkey records a budget deficit for August 2018 of USD 885.6 million
14/09/2018 Use of foreign currency banned in contracts between Turkish citizens
14/09/2018 Turkey’s current account deficit narrows to USD 1.8 billion in July 2018
14/09/2018 Turkey’s automotive production falls 34% in August 2018
14/09/2018 Turkish President indicates significant cuts in government expenditure
13/09/2018 Turkish Central Bank raises interest rate 625 basis points to 24%
13/09/2018 Turkish President appoints himself chairman of Turkey’s Sovereign Wealth Fund
11/09/2018 Moody’s accepts that best rated Turkish corporations can handle refinancing risks caused by currency devaluation
10/09/2018 Turkey’s economy grows by 5.2% in the second quarter of 2018
07/09/2018 Two more well-known Turkish brands apply to bankruptcy proceedings
07/09/2018 Turkish Treasury reports a cash deficit of USD 8 billion for the first eight months of 2018
07/09/2018 Turkey’s Treasury to issue gold bonds to attract idle gold into the economy
06/09/2018 Turkish Central Bank’s reserves fall to USD 88.8 billion as of end of August 2018
04/09/2018 Export F/X proceeds to be repatriated to the Turkish banking system
04/09/2018 Fitch revises its 2018 growth forecast for Turkey to 3.8%
04/09/2018 Automotive sales in Turkey collapse by 52.7% in August 2018
04/09/2018 Turkey's Investment Office has published its September 2018 newsletter
03/09/2018 Turkey’s annual inflation rate moves up to 17.90% in August 2018
03/09/2018 Turkey’s foreign trade activity falls 15.9% in August 2018 per preliminary calculations
01/09/2018 Turkey announces 9-16.2% price rises for electricity and natural gas
01/09/2018 Hotiç footwear manufacturer applies for banktruptcy proceedings
01/09/2018 Turkey’s exports fall 6.5% in August 2018 to USD 12.4 billion
31/08/2018 Turkish government adjusts deposit account withholding tax rates to help stem fall in Turkish lira
30/08/2018 Fitch views lira depreciation as heightening risks to Turkish banks
29/08/2018 Increase in number of foreigners visiting Turkey in July 2018 falls to 11.7%
29/08/2018 Moody’s downgrades 20 Turkish financial institutions
29/08/2018 Moody’s takes rating action on 13 Turkish corporations
29/08/2018 Turkey’s economic confidence index plummets 9% in August 2018
29/08/2018 Turkey’s foreign trade deficit is USD 6 billion in July 2018
27/08/2018 Turkey’s central administration gross debt stock is USD 206 billion in July 2018
18/08/2018 S&P and Moody’s lower Turkey’s credit ratings
18/08/2018 Fitch views Turkey’s efforts to restore economic stability as insufficient
17/08/2018 Turkey’s consumer confidence index falls 6.6% to 68.3 points in August 2018
17/08/2018 Turkey’s banking watchdog expands limits on currency swaps to non-swap derivatives
16/08/2018 Turkey’s Industrial Production index decreases by 2% in June 2018 from previous month
15/08/2018 Turkey’s unemployment rate increases marginally to 9.7% in May 2018
15/08/2018 Middle-eastern nationals lead surge in property sales to foreigners in Turkey in July 2018
15/08/2018 Turkey’s private sector’s foreign debt is USD 240.8 billion as of June 2018
15/08/2018 Turkey records a budget surplus for July 2018 of USD 230.4 million
15/08/2018 Turkey restructures instalments for credit cards and loans
15/08/2018 Turkey’s banking watchdog limits access to Turkish lira through swaps
13/08/2018 Turkish Central Bank takes action to support the Turkish Lira
10/08/2018 Turkey’s current account deficit improves to USD 3 billion in June 2018
10/08/2018 Fitch assesses the risks faced by European banks with exposure in Turkey
09/08/2018 Fitch asserts the need to quickly address the weakness of the Turkish lira
07/08/2018 Turkish Treasury reports a cash deficit of USD 8.6 billion for the first seven months of 2018
06/08/2018 Turkish Central Bank lowers FX reserve requirement to support Turkish lira
03/08/2018 Turkey’s foreign trade deficit is USD 6 billion in July 2018 per preliminary calculations
03/08/2018 Turkey’s annual inflation rate continues rise to 15.85% in July 2018
03/08/2018 Turkeys Investment Office has published its August 2018 newsletter
02/08/2018 Severe fall in automotive sales reflects Turkey’s general economic woes
01/08/2018 Turkey’s exports in July 2018 strengthen by 11.8% to USD 14.1 billion
31/07/2018 Turkish Central Bank dramatically increases 2018 inflation forecast to 13.4%
31/07/2018 Turkey’s foreign trade deficit increases 31.6% to USD 40.7 billion in the first half of 2018
30/07/2018 Turkey’s economic confidence index rise of 2% in July 2018 halts downward trend over last five months
30/07/2018 Fitch warns of continued multiple risks to Turkish banks
29/07/2018 ICBC Bank to lead refinancing of USD 2.7 billion in loans for two Turkish mega-projects
27/07/2018 ICBC Bank to loan USD 3.6 billion for Turkey's energy and transportation sectors
27/07/2018 Turkish Central Bank’s reserves are USD 98.4 billion as of end of June 2018
24/07/2018 Turkish Central Bank leaves interest rate unchanged against all expectations
23/07/2018 Turkey’s consumer confidence index increases 4% to 73.1 points in July 2018
20/07/2018 Turkey’s central administration gross debt stock is USD 212.7 billion in June 2018
19/07/2018 Property sales to foreigners in Turkey increase by 23.1% in first half of 2018
17/07/2018 Turkey’s Industrial Production index decreases by 1.6% in May 2018 from previous month
16/07/2018 Turkey’s private sector’s foreign debt is USD 242.5 billion as of May 2018
16/07/2018 Turkey’s unemployment rate decreases to 9.6% in April 2018
16/07/2018 Turkey records a budget deficit for June 2018 of USD 5.6 billion
16/07/2018 Moody’s expects problem bank loans in Turkey to jump above 4% in next 12-18 months
16/07/2018 OECD has published its Economic Survey of Turkey 2018
13/07/2018 Turkey’s automotive production falls 7.1% in June 2018
13/07/2018 Fitch downgrades Turkey’s long-term foreign currency rating
13/07/2018 OECD publishes blog entry on business investment in Turkey
13/07/2018 OECD publishes blog entry on growth in Turkey
12/07/2018 Chatham House publishes critical analysis of Turkey’s looming economic crisis
12/07/2018 Moody’s warns of threat to independence of Turkish Central Bank
11/07/2018 Turkey’s current account deficit is USD 5.9 billion in May 2018
06/07/2018 Turkish Treasury reports a deficit cash balance of USD 6.4 billion in June 2018
05/07/2018 Turkish banks apply to the Competition Authority to take over 55% of Türk Telekom
03/07/2018 Turkey’s annual inflation rate climbs to 15.39% in June 2018
03/07/2018 Turkey’s automotive sales plummet 39% in June 2018
02/07/2018 Fortune magazine publishes leading 500 companies in Turkey for 2017
02/07/2018 Turkey’s foreign trade deficit is USD 5.5 billion in June 2018
02/07/2018 ISPAT has published its July 2018 newsletter
02/07/2018 Turkey’s exports in June 2018 weaken to USD 12.6 billion, a 9.7% fall on May 2018
29/06/2018 Turkey’s gross external debt stock is USD 466.7 billion as of the end of the 1st quarter of 2018
29/06/2018 Turkey’s foreign trade deficit increases 41.4% to 35.2 billion in the first five months of 2018
29/06/2018 Number of foreigners visiting Turkey in the first five months of 2018 rises by 30.8%
29/06/2018 IFC publishes article on its support for Turkey’s Health PPP programs
28/06/2018 Turkey’s economic confidence index falls a further 3.3% in June 2018
26/06/2018 Moody’s emphasises the need for structural economic reforms in the Turkish economy
22/06/2018 FDI to Turkey falls by 21.9% to USD 3,097 million in first four months of 2018
21/06/2018 Turkey’s consumer confidence index increases slightly to 70.3 points in June 2018
21/06/2018 Majority of employees have opted out of Turkey’s new pension scheme
20/06/2018 Property sales to foreigners in Turkey increase by 36.1% in May 2018
20/06/2018 Turkey’s central administration gross debt stock is USD 214.1 billion in May 2018
18/06/2018 Turkey records a budget surplus for May 2018 of USD 604 million
18/06/2018 Turkey’s unemployment rate decreases to 10.1% in March 2018
13/06/2018 Turkey’s private sector’s foreign debt is USD 245.2 billion as of April 2018
13/06/2018 Turkey’s Industrial Production index rises by 0.9% in April 2018
11/06/2018 Turkey’s automotive production falls 4.2% in May 2018
11/06/2018 Turkey’s current account deficit is USD 5.4 billion in April 2018
11/06/2018 Turkey’s economy grows by