Personal Finance

According to the data provided by Turkish Statistical Institute, American Dollar has been the only money-saving investment tool on a monthly basis in September. According to the report 'Real Rate of Return of Financial Investment Instruments September/2011' supplied by TSI, the highest real return in October occurred in with the rate of 0.30 percent when reduced with PPI. When reduced with... Add a comment

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Turkey’s growing economy stands out with its dynamism, Coca-Cola’s Muhtar Kent told members of the Turkish press visiting the company headquarters in Atlanta, USA. “Turkey is one of the two exemplary countries of economic success and dynamism.”, Kent said, quoting a well-known American economist he met at a meeting. “China’s growth is slowing and India is facing infrastructure... Add a comment

Money

Turkey’s growth that was way under target and expectations in 2012 by 2.2% is only 0.8% when purged of gold export. In 2012, which was the slow-down year in economy, GDP growth rate was 2.2%. Non-monetary gold export that was in discussion last year in regard to the claims that gold payment was made for natural gas to Iran from Turkey increased by record. In yearly basis, the mentioned... Add a comment

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Turkish Minister of Finance, Mehmet Simsek stated that the tax burden in Turkey is not too high, which is 27.4% in Turkey, while it is 34% in OECD countries. The ratios that Simsek gave points out to direct taxes. Simsek also pointed out to the fact that the tax burden has been decreased during the past 10 years; and especially employment, investment and production was increased by certain... Add a comment

Money

Turkey since the beginning of the year, except for private sector debts in total external debt has paid 4 billion dollars. According to data from the Central Bank's weekly, Turkey January 2 to March 13, except between private sector debt of 4 billion 24 million 150 thousand dollars in total external debt was paid.

Payment of 3 billion 349 million 890 thousand dollars of foreign debt... Add a comment

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Turkish Deputy Prime Minister, Ali Babacan stated that Turks have unregistered 130 billion dollars abroad; saying that they could bring a new regulation to draw this money to Turkey. Cash repatriation law is to come on the agenda of Turkey after four years. Turkish Deputy Prime Minister, Babacan stated in his statement that he made to the journalists from the USA that Turkish private sector... Add a comment

Money

Turkish Aerospace Industries (TAI), opening to public for the purpose of passing the registered camel rating, the company was determined as the maximum amount to 1 billion lira. In SPK’s weekly bulletin, according to the company's paid-up fund stands at 365 million lira.

TAI offered 20 percent of quantum to the public after that capacitated Business Investment they authorize JP Morgan... Add a comment

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JCR Eurasia Chairman of the Board, Okmen stated that Turkey’s rating outlook was held in positive, which shows that the next step could be in direction with rating increase. Japan Credit Rating Agency Chairman of the Board, Orhan Okmen stated that Turkey’s rating is going to be re-evaluated soon.

Okmen also added that they made their recent evaluations regarding Turkey in June, 2012... Add a comment

Money

Post Office Department of Turkey (PTT) and Istanbul Gold Refinery signed an agreement; and the gold sales as grams at PTT have started. It was stated that the agreement is to sell certified gold at PTT Branches and Ptt-matics. It was also stated that the studies regarding the software were completed. 

It was also stated that PTTgold sales are going to be started in 14 provinces in... Add a comment