Tag #Turkish Economy

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Mar 17, 13:15

Turkey's Widening Budget Deficit in February 2025"

Turkey's central government budget in February 2025 showed a deficit of 310.092 billion TRY, a significant increase from 153.798 billion TRY in February 2024, primarily driven by increased interest payments (139.688 billion TRY) and non-interest spending (893.828 billion TRY).

Turkey's Widening Budget Deficit in February 2025"

Turkey's central government budget in February 2025 showed a deficit of 310.092 billion TRY, a significant increase from 153.798 billion TRY in February 2024, primarily driven by increased interest payments (139.688 billion TRY) and non-interest spending (893.828 billion TRY).

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What were the key changes in Turkey's central government budget between February 2024 and February 2025, and what are the immediate implications?

In February 2025, Turkey's central government budget expenditures reached 1.033 trillion Turkish Lira (TRY), with interest payments accounting for 139.688 billion TRY and non-interest spending at 893.828 billion TRY. The budget deficit widened to 310.092 billion TRY compared to 153.798 billion TRY in February 2024.",

t24.com.tr

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Feb 14, 13:12

TÜSİAD Criticizes Turkey's Economic Policies, Urges Reforms

TÜSİAD President Orhan Turan criticized Turkey's 2021 economic policies for causing inflation, advocating for fairer income distribution, structural reforms, and attracting foreign investment by improving the democracy index; he warned of repeating past economic problems if reforms aren't implemente...

TÜSİAD Criticizes Turkey's Economic Policies, Urges Reforms

TÜSİAD President Orhan Turan criticized Turkey's 2021 economic policies for causing inflation, advocating for fairer income distribution, structural reforms, and attracting foreign investment by improving the democracy index; he warned of repeating past economic problems if reforms aren't implemente...

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What are the main criticisms of Turkey's economic policies in 2021, and what are the immediate consequences?

TÜSİAD Başkanı Orhan Turan, criticized Turkey's 2021 economic policies, stating they caused inflation to rise. He emphasized the need for fairer income distribution and structural reforms in energy, law, education, and industry to avoid repeating past economic issues.

t24.com.tr

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Jan 31, 10:10

Turkey Unveils 2025 Economic Roadmap Prioritizing Fiscal Discipline and Structural Reforms

Turkey's Treasury and Finance Minister Mehmet Simsek announced the 2025 economic roadmap focusing on fiscal discipline and structural reforms to curb inflation, aiming for sustainable high growth and fairer income distribution; he capped fuel excise tax increases at 6 percent, foregoing billion in r...

Turkey Unveils 2025 Economic Roadmap Prioritizing Fiscal Discipline and Structural Reforms

Turkey's Treasury and Finance Minister Mehmet Simsek announced the 2025 economic roadmap focusing on fiscal discipline and structural reforms to curb inflation, aiming for sustainable high growth and fairer income distribution; he capped fuel excise tax increases at 6 percent, foregoing billion in r...

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What are the primary goals of Turkey's 2025 economic plan, and what specific measures are being implemented to achieve them?

Turkey's 2025 economic roadmap, unveiled by Treasury and Finance Minister Mehmet Simsek, prioritizes fiscal discipline and structural reforms to curb inflation. Simsek emphasized achieving lasting price stability and accelerating structural transformation, implementing supply-side policies to support monetary policy and reduce inflation. He announced a 6 percent cap on fuel excise tax increases, foregoing billion in revenue.

t24.com.tr

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Jan 3, 16:09

Turkey Announces Record 2024 Export Figures Amidst Global Uncertainty

Turkey announced record-high export figures for December 2024, reaching $23.5 billion (a 2.2% increase) and $262.5 billion for the year (a 2.5% increase), despite global economic uncertainties and geopolitical instability; the government projects 4% growth for 2025.

Turkey Announces Record 2024 Export Figures Amidst Global Uncertainty

Turkey announced record-high export figures for December 2024, reaching $23.5 billion (a 2.2% increase) and $262.5 billion for the year (a 2.5% increase), despite global economic uncertainties and geopolitical instability; the government projects 4% growth for 2025.

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What were Turkey's total export and import values for December 2024, and how do these figures compare to previous years?

Turkey's December 2024 exports reached a record high of $23.5 billion, a 2.2% increase year-on-year. Imports also rose, reaching $33.1 billion. For the full year 2024, exports totaled $262.5 billion, a 2.5% increase compared to 2023.

t24.com.tr

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Dec 28, 04:05

Turkey's 2024 Food and Beverage Scene: Boom and Bottlenecks

In 2024, Turkey experienced a boom in often-superficial gastronomy events, alongside significant Turkish investments in European wine and spirits production, highlighting both the industry's global potential and its challenges under restrictive domestic laws.

Turkey's 2024 Food and Beverage Scene: Boom and Bottlenecks

In 2024, Turkey experienced a boom in often-superficial gastronomy events, alongside significant Turkish investments in European wine and spirits production, highlighting both the industry's global potential and its challenges under restrictive domestic laws.

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Responsible Consumption and Production

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What were the most significant events shaping Turkey's food and beverage scene in 2024?

In 2024, a surge in gastronomy festivals, conferences, and awards ceremonies occurred in Turkey, often lacking genuine culinary merit and marked by questionable spending, such as a newly built center's 25 million lira purchase of meat before even having a kitchen.", "Simultaneously, Turkish investors significantly expanded their presence in European wine regions, notably Lucien Arkas's acquisition of a 1,150-acre estate in Tuscany and several others purchasing vineyards in France.", "The rise of Turkish spirits production abroad, driven by restrictive domestic regulations, highlights a burgeoning industry hindered by local laws that require a minimum production capacity of 1 million liters to operate legally, prompting calls for regulatory reform.

t24.com.tr

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Dec 20, 13:12

Turkish Economy Forecast: Slow Growth, High Inflation Predicted for 2025

Experts at an Istanbul Bilgi University panel predicted slower but stable growth for the Turkish economy in 2025, citing global uncertainty, particularly US-China tensions and Turkey's unique monetary policy as key factors; inflation is projected around 35 percent, and the Turkish lira is expected t...

Turkish Economy Forecast: Slow Growth, High Inflation Predicted for 2025

Experts at an Istanbul Bilgi University panel predicted slower but stable growth for the Turkish economy in 2025, citing global uncertainty, particularly US-China tensions and Turkey's unique monetary policy as key factors; inflation is projected around 35 percent, and the Turkish lira is expected t...

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How has Turkey's monetary policy differed from global trends, and what have been the consequences?

The panel highlighted the challenges of navigating global economic headwinds, particularly the US-China technological rivalry and differing monetary policies. Turkey's lower interest rates, while aiming to boost investment, have had a counterproductive effect, contributing to persistent inflation and a weakening lira. The experts emphasized the need for policy changes to address these issues.

t24.com.tr

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Feb 16, 16:08

Bahçeli Accuses TÜSİAD of Undermining Turkish Elections

MHP leader Devlet Bahçeli strongly criticized TÜSİAD for allegedly attempting to influence Turkish elections and undermine the government, leading to an investigation into TÜSİAD president Ömer Aras for his critical speech at the association's general assembly.

Bahçeli Accuses TÜSİAD of Undermining Turkish Elections

MHP leader Devlet Bahçeli strongly criticized TÜSİAD for allegedly attempting to influence Turkish elections and undermine the government, leading to an investigation into TÜSİAD president Ömer Aras for his critical speech at the association's general assembly.

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Peace, Justice, and Strong Institutions

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How does Bahçeli's statement reflect broader political tensions and power dynamics in Turkey?

Bahçeli's statement reflects escalating tensions between the ruling party and TÜSİAD, a prominent Turkish business association. The criticism highlights a deeper political struggle, where TÜSİAD's actions are interpreted as attempts to influence the upcoming elections and undermine the government.

t24.com.tr

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Feb 13, 10:10

İş Bankası Reports 35.5% Asset Growth, Successful Eurobond Issuance

İş Bankası announced a 35.5% year-over-year asset growth to 3.3 trillion TL by the end of 2024, driven by increased lending (2.3 trillion TL) and deposits (2.1 trillion TL), further solidified by a successful $500 million Eurobond issuance with a 9.125% coupon rate.

İş Bankası Reports 35.5% Asset Growth, Successful Eurobond Issuance

İş Bankası announced a 35.5% year-over-year asset growth to 3.3 trillion TL by the end of 2024, driven by increased lending (2.3 trillion TL) and deposits (2.1 trillion TL), further solidified by a successful $500 million Eurobond issuance with a 9.125% coupon rate.

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What is the overall significance of İş Bankası's 35.5% asset growth and increased lending to the Turkish economy?

İş Bankası's assets increased by 35.5 percent to 3.3 trillion TL by the end of 2024. The bank provided 2.3 trillion TL in funding to the Turkish economy, with 1.7 trillion TL in cash and 582.7 billion TL in non-cash loans. Total deposits reached 2.1 trillion TL.

t24.com.tr

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Jan 6, 10:07

TÜSİAD Critiques Turkey's Inflation Target, Urges Structural Reforms

TÜSİAD head Orhan Turan voiced concerns about Turkey's 21% inflation target for 2024, citing the need for structural reforms alongside monetary and fiscal policies to counter high inflation and economic challenges faced in 2024, with further risks projected for 2025 due to global uncertainty and the...

TÜSİAD Critiques Turkey's Inflation Target, Urges Structural Reforms

TÜSİAD head Orhan Turan voiced concerns about Turkey's 21% inflation target for 2024, citing the need for structural reforms alongside monetary and fiscal policies to counter high inflation and economic challenges faced in 2024, with further risks projected for 2025 due to global uncertainty and the...

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How did the 2024 global political landscape and currency policies impact the Turkish business environment?

Turan's comments highlight the challenges facing the Turkish economy. High inflation, coupled with a difficult global environment and the impact of currency policies on businesses, created significant economic headwinds in 2024. The lack of a comprehensive approach encompassing monetary, fiscal, and structural reforms hindered progress.

t24.com.tr

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Jan 2, 10:09

Turkey's 2024 Economic Challenges: High Inflation and Policy Failures

In 2024, Turkey's economy faced significant challenges due to a post-election shift in economic policies. Despite promises of rational policies, inflation control fell mainly on the Central Bank, leading to high interest rates and limited fiscal policy reforms. High interest rates proved unsustainab...

Turkey's 2024 Economic Challenges: High Inflation and Policy Failures

In 2024, Turkey's economy faced significant challenges due to a post-election shift in economic policies. Despite promises of rational policies, inflation control fell mainly on the Central Bank, leading to high interest rates and limited fiscal policy reforms. High interest rates proved unsustainab...

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What were the primary challenges faced by the Turkish economy in 2024, and what were their immediate consequences?

Turkey faced a challenging economic year in 2024, marked by a sharp U-turn in economic policies after the general elections. Despite promises of rational policies, inflation control fell primarily on the Central Bank (TCMB), while fiscal policy failed to implement necessary reforms. This led to high costs from interest rate hikes, exceeding the costs of inflation itself.",

t24.com.tr

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Dec 25, 13:07

Turkey's 2023 Average Income: 26,402 TRY Per Capita

TÜİK reported that the average monthly gross income per capita in Turkey was 26,402 TRY in 2023, while the average monthly gross wage was 23,789 TRY; men earned more than women across all categories, and income increased with education level.

Turkey's 2023 Average Income: 26,402 TRY Per Capita

TÜİK reported that the average monthly gross income per capita in Turkey was 26,402 TRY in 2023, while the average monthly gross wage was 23,789 TRY; men earned more than women across all categories, and income increased with education level.

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How do income levels vary by gender and education level in Turkey, and what are the implications of these disparities?

Income disparity in Turkey is evident, with men earning an average monthly gross income of 26,638 TRY versus 25,931 TRY for women. This gap widens significantly based on educational attainment and occupation, highlighting systemic inequalities.

t24.com.tr

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Dec 7, 16:08

Türkiye's Economic Challenges: TÜRKONFED Summit Highlights Instability and Need for Reform

TÜRKONFED's 20th-anniversary summit in Diyarbakır on October 27th, 2023, addressed Türkiye's macroeconomic instability, focusing on SMEs' financial constraints, the need for predictable governance, and the importance of boosting production to curb inflation.

Türkiye's Economic Challenges: TÜRKONFED Summit Highlights Instability and Need for Reform

TÜRKONFED's 20th-anniversary summit in Diyarbakır on October 27th, 2023, addressed Türkiye's macroeconomic instability, focusing on SMEs' financial constraints, the need for predictable governance, and the importance of boosting production to curb inflation.

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What are the most pressing economic challenges facing Türkiye, and what are their immediate consequences?

TÜRKONFED's 20th-anniversary summit in Diyarbakır highlighted Türkiye's economic struggles. TÜRKONFED head Süleyman Sönmez noted high inflation and limited access to finance for SMEs, impacting production and employment. This follows a period of macroeconomic instability, impacting even export sectors due to TL appreciation.

Showing 25 to 36 of 36 results