28.9 C
Paris
lundi, août 8, 2022

Turkey’s Economic Outlook : Obersvatory Report-9 (December 2019)

Must read

« At summit, Erdogan, Putin still divided on SyriaRead more ». Al Monitor staff 

Ankara agreed said Al Monitor on the 5th of August 2022 that part of its natural gas payments to Moscow would be switched to...

Au sujet de « La promesse d’Hasan », film turc, sorti en France en plein mois d’août/Nora SENI

Le vent souffle sans répit dans le film de Semih Kaplanoglu, ployant branches, bruissant feuillages, malmenant les clôtures faits d'assemblages irréguliers de bois secs....

Turkey’s Mission Becomes More Difficult If Attacks on Ukrainian Ports Continue- PANORAMA/Selmin Seda Coşkun

Selmin Seda Coskun from the Thomas More Institute in Paris wrote in Panorama, Online of the 4th of August 2022, an indepth article...

L’accord céréalier, un succès diplomatique pour le président Erdogan. LE MONDE/Marie Jégo

Après la sécurisation du passage d’un premier cargo, le président turc rencontre Vladimir Poutine vendredi, à Sotchi, pour parler notamment de l’Ukraine et de...

Main indicators of Turkish economy compiled by Obervatoire Turquie Contemporaine.

Unemployment rates, well being, price indexes, growth rates and projections, capacity indexes and many more indicators compiled on a monthly basis:

Based on December 2019 data, significant developments and changes underlined here:

  • All credit rating agencies have re-evaluated Turkey’s grade to a ”positive” position for 2019. But the growth rate will in any case stay under 1%. Confidence index is increasing but not significantly. In the past year, the number of companies paying corporate tax decreased by 21.000.
  • Companies foreign debt interest rate reached 6.5%. Istanbul Chamber of Industry(ISO) is asking for the conversion of foreign currency debts to Turkish Lira.
  • US Senator R.Wyden is calling for an inquiry into President Trump interference in the inspection of a Turkish Bank, Halkbank. Wyden is accusing the bank of having helped Iran go through US embargo.
  • The Italian-Swiss financing group Unicredit suddenly withdrew from Turkey. VW suspended its investment in the Manisa region. There is no interest for fresh foreign investment in Turkey. 
  • The USD/TL rate has been stable for the past two months. But while the 500 biggest Turkish companies were valued at 300 billion dollars in 2009, they are worth 180 billion dollars today.

Share the post « TURKEY’S ECONOMIC OUTLOOK: OBSERVATORY REPORT-9 (DECEMBER 2019) »

More articles

Latest article

« At summit, Erdogan, Putin still divided on SyriaRead more ». Al Monitor staff 

Ankara agreed said Al Monitor on the 5th of August 2022 that part of its natural gas payments to Moscow would be switched to...

Au sujet de « La promesse d’Hasan », film turc, sorti en France en plein mois d’août/Nora SENI

Le vent souffle sans répit dans le film de Semih Kaplanoglu, ployant branches, bruissant feuillages, malmenant les clôtures faits d'assemblages irréguliers de bois secs....

Turkey’s Mission Becomes More Difficult If Attacks on Ukrainian Ports Continue- PANORAMA/Selmin Seda Coşkun

Selmin Seda Coskun from the Thomas More Institute in Paris wrote in Panorama, Online of the 4th of August 2022, an indepth article...

L’accord céréalier, un succès diplomatique pour le président Erdogan. LE MONDE/Marie Jégo

Après la sécurisation du passage d’un premier cargo, le président turc rencontre Vladimir Poutine vendredi, à Sotchi, pour parler notamment de l’Ukraine et de...

« Turkey’s inflation hits almost 80% as Erdogan insists on low-rate policy ». Mustafa Sönmez/AL MONITOR

"Despite a relative slowdown in July, Turkey’s consumer inflation appears on course to overshoot the central bank’s newly revised year-end forecast of 60.4%" says...