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Category: Business

Business news from Turkey in English

Germany’s travel ban will wound Turkish tourism
Categories Business

Germany’s travel ban will wound Turkish tourism

Atilla YeşiladaPosted on11 June, 202011 June, 2020

One of Turkey’s top export earners, tourism is looking ahead to a very bad summer … Continue ReadingGermany’s travel ban will wound Turkish tourism

TurkRating: Pharmaceuticals in Covid-19 era
Categories Business

TurkRating: Pharmaceuticals in Covid-19 era

Atilla YeşiladaPosted on11 June, 202014 June, 2020

The Covid-19 pandemic, which is occurring globally and unsettling the whole world, affects the pharmaceutical … Continue ReadingTurkRating: Pharmaceuticals in Covid-19 era

Turkish retailers abandoning  offices
Categories Business

Turkish retailers abandoning offices

Atilla YeşiladaPosted on6 June, 20206 June, 2020

Turkey’s organized retailers are feeling the pain of changing consumer habits as a result of … Continue ReadingTurkish retailers abandoning offices

Fitch:  Turkish leasing outlook
Categories Business

Fitch: Turkish leasing outlook

Atilla YeşiladaPosted on5 June, 202012 June, 2020

Moderate Resilience in Current Downturn Captive Leasing Sector: The Turkish leasing sector is dominated by … Continue ReadingFitch: Turkish leasing outlook

WATCH:  The Brutal Murder of Turkish Private Sector
Categories Business

WATCH: The Brutal Murder of Turkish Private Sector

Atilla YeşiladaPosted on4 June, 20208 June, 2020

Turkey once had the most vibrant entrepreneurial culture in its region. It is this dynamism … Continue ReadingWATCH: The Brutal Murder of Turkish Private Sector

No revenge shopping in Turkey
Categories Business

No revenge shopping in Turkey

Atilla YeşiladaPosted on4 June, 20204 June, 2020

Turkey’s 450 odd shopping malls, which opened partially on May 11, resumed service fully on … Continue ReadingNo revenge shopping in Turkey

Turkish auto sales stuck at the bottom
Categories Business Company & Industry

Turkish auto sales stuck at the bottom

Atilla YeşiladaPosted on4 June, 20204 June, 2020

Passenger car and light commercial vehicle market down 2.4 percent in May Domestic automobile and … Continue ReadingTurkish auto sales stuck at the bottom

Moody’s says Turkish banking system outlook negative, as BRSA wants more loan growth
Categories Business

Moody’s says Turkish banking system outlook negative, as BRSA wants more loan growth

Atilla YeşiladaPosted on2 June, 20203 June, 2020

Cover chart: 13-week moving average loan growth rates, red total, blue state banks, green private … Continue ReadingMoody’s says Turkish banking system outlook negative, as BRSA wants more loan growth

Automotive suppliers survey rings alarm bells
Categories Business

Automotive suppliers survey rings alarm bells

Atilla YeşiladaPosted on2 June, 20202 June, 2020

Early Warning for Automotive Industry from TAYSAD! According to the forth  survey by automotive suppliers … Continue ReadingAutomotive suppliers survey rings alarm bells

May SAMEKS composite PMI rose by 11.8 points
Categories Business Company & Industry

May SAMEKS composite PMI rose by 11.8 points

Atilla YeşiladaPosted on1 June, 20201 June, 2020

Cover chart:  SAMEKS composite Index in Turkish In May 2020, seasonally and calendar adjusted SAMEKS … Continue ReadingMay SAMEKS composite PMI rose by 11.8 points

Foreign banks may be turning to the exit as Turkey tightens grip on sector
Categories Business Company & Industry

Foreign banks may be turning to the exit as Turkey tightens grip on sector

Atilla YeşiladaPosted on30 May, 20203 June, 2020

Financial fallout from the coronavirus crisis could hasten mergers or retreats by some of Turkey’s … Continue ReadingForeign banks may be turning to the exit as Turkey tightens grip on sector

“Tobin taxes” raise concern about ‘capital controls’
Categories Business

“Tobin taxes” raise concern about ‘capital controls’

Atilla YeşiladaPosted on29 May, 202029 May, 2020

Turkish government is trying to cover the FX shortage and budget deficits caused by the … Continue Reading“Tobin taxes” raise concern about ‘capital controls’

THY chairman: Recovery in the industry may take up to five years
Categories Business Company & Industry

THY chairman: Recovery in the industry may take up to five years

Atilla YeşiladaPosted on29 May, 202029 May, 2020

It is true that even if the Covid-19 pandemic is over, some things will never … Continue ReadingTHY chairman: Recovery in the industry may take up to five years

Turkey’s novel solution to NG surplus
Categories Business

Turkey’s novel solution to NG surplus

Atilla YeşiladaPosted on27 May, 202027 May, 2020

Turkey purchased too much NG, has little demand for energy and the renewables industry is … Continue ReadingTurkey’s novel solution to NG surplus

Turkey reports 1,610 new cases, dreams of V shaped recovery
Categories Business

Turkey reports 1,610 new cases, dreams of V shaped recovery

Editor P.A.Posted on17 May, 202021 May, 2020

Despite prognostications to the contrary, Turkey’s battle against Cvid-19 seems to have stuck a few … Continue ReadingTurkey reports 1,610 new cases, dreams of V shaped recovery

Turkish gov’t announces 30 percent increase in import tariffs for several goods
Categories Business

Turkish gov’t announces 30 percent increase in import tariffs for several goods

Editor P.A.Posted on12 May, 202021 May, 2020

The Turkish government on May 11 announced new import tariffs on dozens of goods including … Continue ReadingTurkish gov’t announces 30 percent increase in import tariffs for several goods

Turkey’s energy import bill down 9.6% in Q1 amid lower oil prices
Categories Business

Turkey’s energy import bill down 9.6% in Q1 amid lower oil prices

Editor P.A.Posted on11 May, 202021 May, 2020

Turkey’s energy import bill dropped by 9.6% year-on-year between January and March amid thanks to … Continue ReadingTurkey’s energy import bill down 9.6% in Q1 amid lower oil prices

Turkey’s great shopping mall debate
Categories Business

Turkey’s great shopping mall debate

Editor P.A.Posted on11 May, 202021 May, 2020

Rejoice, ye all!  Turkey joined the European countries relaxing Covid epidemic related restrictions as of … Continue ReadingTurkey’s great shopping mall debate

Turkey to inject capital into state banks
Categories Business

Turkey to inject capital into state banks

Editor P.A.Posted on8 May, 202021 May, 2020

Turkey’s state banks have become the major conduit through which state aid is flowing to … Continue ReadingTurkey to inject capital into state banks

Consumer confidence drops in April,  Ipsos finds wide-spread economic anxiety
Categories Business

Consumer confidence drops in April, Ipsos finds wide-spread economic anxiety

Editor P.A.Posted on5 May, 202021 May, 2020

Turkey’s private sector consumer confidence gauge, compiled by financial broadcaster BloombergHT decline further in April, … Continue ReadingConsumer confidence drops in April, Ipsos finds wide-spread economic anxiety

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