ECONOMY - Bianet

ECONOMY

Page 38

Dollar Hits 5.42 TL

Dollar Hits 5.42 TL

Climbing to 5.42 TL, dollar has dropped to 5.20 after the news reports claiming that pre-agreement concerning Pastor Brunson crisis has been agreed.

Exchange Rate of US Dollar Hits Another Record High: 5.18 Turkish Lira

Exchange Rate of US Dollar Hits Another Record High: 5.18 Turkish Lira

The exchange rate of US Dollar, which was around the level of 5.07 Turkish Lira when the markets closed on Friday, has become 5.18 Turkish Lira on the first day of the week, hitting another record high.

Inflation Rate in July is 15.85 Percent

Inflation Rate in July is 15.85 Percent

The Turkish Statistical Institute has announced the inflation figures for July 2018. The annual inflation rate in July has been measured as 15.85 percent, which marks an increase of 0.55 percent in comparison with June 2018.

Central Bank Increases Its Inflation Forecast by 5 Percent

Central Bank Increases Its Inflation Forecast by 5 Percent

The Central Bank has released its inflation report for the third quarter of 2018 and increased its inflation forecast from 8.4 percent to 13.4 percent.

Goldman Sachs Drops Profitability Expectation of Turkish Banks

Goldman Sachs Drops Profitability Expectation of Turkish Banks

Goldman Sachs has drawn attention to the expectation that increasing macro uncertainty, exchange rate volatility and high interest rates may generate pressure on the economic growth in Turkey.

Minister of Finance Albayrak: We Will Not Fight Markets

Minister of Finance Albayrak: We Will Not Fight Markets

Minister of Treasury and Finance Albayrak has said that Turkey “will advance by win-win relations”.

‘At Least 149 Workers Lost Their Lives in June’

‘At Least 149 Workers Lost Their Lives in June’

In the first half of 2018, 907 workers lost their lives in occupational homicides. In June, 149 workers, six of whom were children and nine of whom were women, lost their lives.

Peak of Last 15 Years: Inflation Marks 15.39 Percent in June

Peak of Last 15 Years: Inflation Marks 15.39 Percent in June

Inflation has reached the highest point which the current inflation index has ever seen. The previous peak was 12.98 percent in November 2017.

TurkStat: Unemployment Rate in March is 10.1 Percent

TurkStat: Unemployment Rate in March is 10.1 Percent

The Turkish Statistical Institute has announced that the unemployment rate in March 2018 has fallen by 1.6 points in comparison with the same month last year and has become 10.1 percent. The youth unemployment has been measured as 17.7 percent.

‘319 Child Workers Lost Their Lives Since 2013’

‘319 Child Workers Lost Their Lives Since 2013’

Ankara Laborers’ Health and Occupation Safety Assembly has said, “Prohibit child labor”.

Economy of Turkey Grows by 7.4 Percent in First Quarter; Current Account Deficit Exceeds Expectations

Economy of Turkey Grows by 7.4 Percent in First Quarter; Current Account Deficit Exceeds Expectations

While the economy of Turkey has grown by 7.4 percent in the first quarter of 2018, the current account deficit in April 2018 has exceeded expectations.

At Least 166 Workers Lose Their Lives in May

At Least 166 Workers Lose Their Lives in May

The number of workers who lost their lives in occupation homicides in the first five months in 2018 has become 754 in Turkey. 14 child workers five of whom were aged under 14 lost their lives.

Inflation at Producer Prices at 15 Years’ Peak

Inflation at Producer Prices at 15 Years’ Peak

Consumer Price Index in May 2018 has increased by 6.39 percent compared to December 2017 and by 12.15 percent compared to May 2017. As for Producer Price Index, it has increased by 12.12 percent compared to December 2017 and by 20.16 percent compared to May 2017.

Moody’s Lowers Turkey’s Growth Forecast

Moody’s Lowers Turkey’s Growth Forecast

International credit rating agency Moody’s has lowered Turkey’s growth forecast for 2018 from 4 percent to 2.5 percent on the grounds of high inflation rates, increasing oil prices and loss of value in the Turkish Lira.

Arzu Çerkezoğlu Elected First Woman Chair of DİSK

Arzu Çerkezoğlu Elected First Woman Chair of DİSK

Arzu Çerkezoğlu, who was also the first woman Secretary General of the Confederation of Progressive Trade Unions of Turkey (DİSK), has become the first woman Chair of the DİSK since its establishment in 1967.

US Dollar On The Rise Again Despite Interest Rate Hike by Central Bank

US Dollar On The Rise Again Despite Interest Rate Hike by Central Bank

The exchange rate of US Dollar to Turkish Lira, which fell from the level of 4.80 TRY to 4.50 TRY following the Central Bank’s interest rate hike by 300 basis points, has started to rise again after the markets have opened.

Borsa İstanbul Chair: We’ve Sold Foreign Currency But I Don’t Know How Much

Borsa İstanbul Chair: We’ve Sold Foreign Currency But I Don’t Know How Much

Borsa İstanbul Chair Karadağ has said that they have converted all of its cash assets into Turkish Lira to give confidence to the markets but he doesn’t know the amount.

Exchange Rate of US Dollar Exceeds 4.90 Turkish Lira

Exchange Rate of US Dollar Exceeds 4.90 Turkish Lira

After the exchange rate of US Dollar to Turkish Lira has exceeded 4.90 TRY, İstanbul Stock Exchange has announced that except for its short-term needs, it has changed all of its foreign exchange assets into Turkish Lira.

TurkStat: Unemployment Rate in February is 10.6 Percent

TurkStat: Unemployment Rate in February is 10.6 Percent

The unemployment figures announced by the Turkish Statistical Institute have shown that the unemployment rate in February 2018 has fallen by two points in comparison with the same month last year and has become 10.6 percent.

2.2-Billion-Dollar Move by Central Bank Pushes Back Dollar by 0.01 Turkish Lira

2.2-Billion-Dollar Move by Central Bank Pushes Back Dollar by 0.01 Turkish Lira

The Central Bank of Turkey has made 2.2 billion dollars available for the use of banks. However, this new dollar inflow has managed to push back dollar only by 0.01 Turkish Lira.

Occupational Safety Assembly: At Least 117 Workers Die in April

Occupational Safety Assembly: At Least 117 Workers Die in April

According to Laborers’ Health and Occupation Safety Assembly, at least 177 laborers including four children, 10 women and eight immigrant/refugee have lost their lives in April.

Inflation exceeds expectation in April: 10.85 percent

Inflation exceeds expectation in April: 10.85 percent

Consumer Price Index, which was expected to rise by 1.47 percent, has increased by 1.87 percent. Annual inflation has reached 10.85 percent.

May 1 Celebrations Across Turkey

May 1 Celebrations Across Turkey

May 1 Labor Day has been celebrated in different cities across Turkey.

ECtHR: Workers Have Right to Celebrate May Day

ECtHR: Workers Have Right to Celebrate May Day

The ECtHR has announced its verdict on the case of Güler, who was given an official warning for being absent from his job after attending the May Day celebrations. Turkey has been found guilty of violating the freedom of assembly and association.

24 April 2018 Ayça Söylemez

First Unemployment Data of 2018: 10.8 Percent

First Unemployment Data of 2018: 10.8 Percent

Showing a decrease of 2.2 points compared to the same month of last year, the unemployment rate has marked 10.8 percent in January 2018.

Erdoğan: ‘They Cannot Discipline Us Through Foreign Exchange’

Erdoğan: ‘They Cannot Discipline Us Through Foreign Exchange’

President Erdoğan has addressed the recent problems in foreign exchange rates and said that the economic growth is on a good track. He has also added that since their achievements make “some people” jealous, they are advancing upon them through economy.

10.23 Percent of Annual Inflation Rate Exceeds Expectations

10.23 Percent of Annual Inflation Rate Exceeds Expectations

Inflation has increased by 0.99 percent in March, becoming 10.23 percent on annual basis. The figures have shown that the annual inflation rate has exceeded the expectations.

We Commemorate 301 Miners from Soma with Their Names at 21st Hearing

We Commemorate 301 Miners from Soma with Their Names at 21st Hearing

We commemorate 301 miners who lost their lives in an occupational homicide in Soma on May 13, 2014 with their names after the Prosecutor's Office has presented the dictum in the three-year lawsuit.

124 Thousand More People Unemployed in 2017

124 Thousand More People Unemployed in 2017

Turkish Statistical Institute has announced that 3 million 454 thousand people are unemployed in 2017. While the unemployment rate of women is 14.1 percent, this figure is 9.4 percent in men.

Russia Lifts Import Ban on 6 Vegetables

Russia Lifts Import Ban on 6 Vegetables

Russia announced that it lifted import ban imposed on eggplant, pomegranate, pepper, curly lettuce and zucchini today.

Inflation Rates for February Exceed Expectations

Inflation Rates for February Exceed Expectations

Inflation has increased by 0.73 percent in February while the increase on annual basis has been 10.26 percent. With 55.10 percent, green beans have seen the highest price increase. Upon the announcement of inflation figures, the exchange rate of dollar has exceeded 3.82 Turkish Liras.

Annual Inflation Down to 10.35% in First Month of 2018

Annual Inflation Down to 10.35% in First Month of 2018

Annual inflation has fallen from 11.92% to 10.35. Changes have been made to the inflation basket, with women’s boots dropped and cold tea added in.

5 February 2018

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