There is a general sentiment within Turkish society that volatility in the Turkish lira has its roots not in economy, but in politics, and is an economic extension to the slow motion war against Turkey waged by “subcontractor” terrorist organizations.
The rising tide of trade protectionism might trigger global responses to U.S. policies, but trade protectionism shall be considered with its broader impact on international financial movements as well.
The number of newly established companies in Turkey jumped 27.80 percent last month compared with February 2017, the Turkish Union of Chambers and Commodity Exchanges (TOBB) announced on Friday.
The Turkish private sector’s outstanding long-term loans received from abroad rose to $225.7 billion in January 2018, while short-term loans stood at $18.9 billion, according to an official report on Thursday.
Turkey and Sudan will establish a joint agricultural and livestock company, the Turkish government’s Official Gazette announced on Thursday. Under the agreement, around 780,000 hectares in Sudan across five regions were earmarked for investment by Turkish entrepreneurs.
Turkey’s unemployment rate stood at 10.4 percent in December 2017, falling 2.3 percentage points on a yearly basis, the country’s statistical authority said on Thursday.
Emerging trends, challenges and business opportunities in Islamic finance industry will be discussed during 2-day event
The Trump administration formally paved the way for potential global trade wars by imposing a 25 percent tariff on steel and a 10 percent tariff on aluminum imports.
Moody’s downgraded Turkey’s sovereign rating to ‘Ba2’ from ‘Ba1’, and changed its outlook to “stable” from “negative.”
In order to decrease its unemployment rate, Turkey needs structural reforms in areas such as education, immigration policies and labor regulations.