All posts by: M.Emin Bilgener

by in Turkish Economy and Business Life

Turkey Breaks Record in Wind Power Generation

According to the official data, Turkey’s electricity generation from wind reached the highest share in renewable energy with 20.2 percent.  Turkey, which has become the 5th in Europe and 12th in the world in renewable energy installed power, ranks 1st in Europe in geothermal energy and 2nd in hydroelectricity. Turkey also ranks 8th in Europe […]

by in Turkish Economy and Business Life

Turkey’s VavaCars Raises $50 Million in Series B Funding Round 

Turkey’s VavaCars, an online trading platform for buying and selling second hand cars, has raised $50 Million in Series B funding round in order to expand its operations both in Turkey and Pakistan.  According to the statement released by the company, this new investment will support the brand’s continuous growth and speed up the transition […]

by in Turkish Economy and Business Life

Turkey’s Automotive Market Grows 4.5% in January-October

According to an industry group report revealed the previous week, sales of passenger cars and light commercial vehicles in Turkey rose 4.5% in the January-October period of this year, from the same period of last year. The Automotive Distributors’ Association revealed that a total of 614,891 vehicles were sold across Turkey in the first 10 […]

by in Turkish Economy and Business Life

Turkish Startups Raised All-Time Record in Q3

According to data announced during the Turkish Startup Ecosystem Q3 2021 last month, Turkish startups have raised $150 million (TL 1.38 billion) through 69 investment deals in the 3rd quarter of the year. With this, the total investment amount in the first nine months was brought to $1.4 billion, raised through a total of 206 […]

by in Turkish Economy and Business Life

Turkish Central Bank Cuts Benchmark Rate to 15%

The Turkish Central Bank cut its benchmark one-week repo rate by 100 basis points from 16% to 15%. Acting accordingly to market expectations, the committee “evaluated the analyses to decompose the impact of demand factors that monetary policy can have an effect, core inflation developments and supply shocks.” The bank says recent increases in inflation […]

by in Turkish Economy and Business Life

IMF and EBRD Revise GDP Growth Forecast for Turkey up to 9% for 2021

IMF (​The International Monetary Fund) has revised its GDP forecasts for countries in its latest World Economic Outlook October 2021 report.   According to the new report, growth forecast for the Turkish economy has been revised up to %9 in 2021, up from %5,8 previously reported.   With this, Turkey is the second top economy in terms […]

by in Turkish Economy and Business Life

Turkish Central Bank in Works to Release Digital Currency

According to the statement released by the Central Bank of the Republic of Turkey (CBRT), the bank signed an agreement with defense and technology firms Aselsan and Havelsan, and the Scientific and Technological Research Council of Turkey (TUBITAK) for the research, development and testing processes of potential digital Turkish lira. In the statement, it is […]

by in Turkish Economy and Business Life

Turkey Releases 2022-2024 Medium-Term Program

According to Turkey’s Medium-Term Program (MTP) for 2022-2024 released by the government, Turkish economy is projected to expand 9% this year and grow a further 5% in 2022. The government is also aiming for growth of 5.5% in 2023 and 2024, according to the three-year program, while the average gross domestic product (GDP) growth rate […]

by in Turkish Economy and Business Life

Turkish Economy Grows 21.7% in Q2 2021

According to the data of the Turkish Statistical Institute (TurkStat), Turkey’s economy has shown a growth rate of 21.7% in the second quarter of 2021. With this growth, the country established its highest-ever expansion since 1999 and ranked 2nd in the world after the UK. GDP at current prices reached USD 188,566 million in the […]

by in Turkish Economy and Business Life

New Company Launches Soar in Turkey

In June 2021, 9 thousand 560 companies were established, and this number increased by 113.4% compared to the previous month in Turkey. According to the data published by the Turkish Union of Chambers and Commodity Exchanges (TOBB), the number of companies established increased by 113.4% compared to the previous month, and thus a total of […]

    ADDRESS

    63739 street lorem ipsum City, Country

    PHONE

    +12 (0) 345 678 9

    EMAIL

    info@company.com