While Bitcoin is yet to prove itself, cryptocurrencies have potential in the mid and long-term. Therefore, governments need to take initiatives that will prevent people from being victimized and allow the employment of blockchain technology.
According to data released by the State Highways Directorate on Wednesday 20 January, Turkey earned 1.46 billion Turkish liras ($387 million) in tolls from two bridges on the Istanbul Strait as well as toll roads in 2017.
As the captains of global capitalism gather in the serene surroundings of Davos, they have a mammoth task to figure out how to maintain liberalism’s international relevance in a world fractured by hegemonic conflicts and extreme ideologies.
On Monday 15 January, the Turkish Statistical Institute (TurkStat) announced that the unemployment rate in Turkey dropped to 10.3 percent in October – down 1.5 points from the same month in the previous year.
It is estimated that blockchain will hit the markets and will be at the center of the fourth industrial revolution.
Surpassing all predictions of global rating agencies as well as internal hopes, the Turkish economy registered an 11.1 percent growth in the third quarter of 2017, making the country the fastest growing among G20 countries.
Turkey’s inflation rate has increased to 12.98 percent, illustrating a 1.49 percent rise from October – November 2017.
On its latest outlook on Turkey, the Organization for Economic Co-operation and Development (OECD) stated that “Economic growth is estimated to have exceeded six percent in 2017, driven by strong fiscal stimulus and an export market recovery.”
While speaking at an award ceremony at the Ankara Chamber of Commerce, President Erdogan said, “It won’t be a surprise if the Turkish economy grows by more than 6 percent. Probably around 7 percent in 2017.”
The Treasury has signed two financing agreements with the Islamic Development Bank (IDB) totaling over 2 billion Turkish liras, when calculated from today’s exchange rate.