The banking regulator in Turkey has moved to stem a rising tide of consumer borrowing, announcing new limits on credit card debt and additional risk management requirements for lenders. On October 9 the Banking Regulation and Supervisory Agency (Bankacılık Düzenleme ve Denetleme Kurumu, BDDK) issued a statement setting out new caps on credit card usage, which the government has said are aimed…
Long one of the driving forces of Turkey’s economy, the construction industry appears to be slowing down, with questions surrounding project financing and interest rate hikes dampening the sector’s outlook. Confidence index continues decline In September, the Turkish Statistical Institute (TurkStat) reported that its confidence index for the construction sector declined for the sixth straight…
Oxford Business Group is pleased to announce its media partnership with the Turkey & Black Sea region PPP & Project finance conference which will be held on 9 - 10 October, in Turkey. In this respect we send you the following message from the conference organisers: Dear Oxford Business Group Subscribers, Turkey & Black Sea region PPP & Project finance conference October 9 – 10, 2013 Istanbul 30…
Oxford Business Group is pleased to announce its media partnership with the 3rd Annual Turkey Hotel Expansion Summit which will be held on 12 – 13 September, in Turkey. In this respect we send you the following message from the conference organisers: Dear Oxford Business Group Subscribers, 3rd Annual Turkey Hotel Expansion Summit Shaping the Hotels of Tomorrow 12th &13th September 2013, Istanbul,…
The weakening of the lira could herald further problems for the cooling Turkish economy, with growth forecasts being scaled back and an expanding trade deficit taxing government efforts to keep interest rates low and inflation under control. The currency has been coming under pressure from a number of quarters, having dropped some 13% since the beginning of the year against the dollar, with little…
Oxford Business Group is pleased to announce its media partnership with the IFN Turkey Roadshow 2013 which will be held on 3 September, in Turkey. In this respect we send you the following message from the conference organisers: Dear Oxford Business Group Subscribers, IFN Turkey Roadshow 2013 First held in 2009, the IFN Roadshow in Istanbul has continued to develop and mature. In 2013, the event is…
Oxford Business Group is pleased to announce its media partnership with Cards & Payments Turkey which will be held on 3-4 September, in Turkey. In this respect we send you the following message from the conference organisers: Dear Oxford Business Group Subscribers, We are really excited to invite you to Cards & Payments Turkey – a major event for smart cards, payments and identification, on 3-4 September…
The tourism industry in Turkey is still trying to assess the medium-term cost of a wave of anti-government protests at the end of May and through June, but recent figures suggest at least some holiday-makers are choosing to forego a visit this summer. Sparked by opposition to plans to re-develop Istanbul’s Gezi Park – located in the tourism and entertainment district of Taksim – for commercial…
Despite an improved performance so far in 2013, Turkey’s automotive sector is expected to continue to face hurdles over the coming years. The economies in some of its main export markets are underperforming and new challenges are arising from other producers looking to launch a drive into Europe, potentially raising the level of competition at home and abroad.Last year, Turkey’s automotive sector…
Government officials are becoming increasingly concerned that Turkish exporters could face stiffer competition in their biggest markets due to a looming free trade agreement (FTA) between the EU and the US, a deal that could undermine Ankara’s Customs Union with Europe. The EU and US are hoping to conclude their FTA next year, potentially bringing more than €200bn in benefits to the two sides.…
