European Bank to up investment in Turkey 2020
The European Bank for Reconstruction and Development (EBRD) increasing their finance for 2020’s in Turkey as the economy is set to bounce back.
The European Bank for Reconstruction and Development (EBRD) increasing their finance for 2020’s in Turkey as the economy is set to bounce back.
According to the report of Turkish Statistical Institute, (Türkiye İstatistik Kurumu) nearly 1.35 million houses were sold in Turkey in 2019.
According to the report published by Turkish Ministry of Trade, (T.C.Ticaret Bakanlığı) Turkey’s export has been reached an all-time high $180.50 billion showing growth rate of 2.04% in 2019 compared to the previous year.
According to a new survey conducted by the British transnational bank HSBC, Turkey has ranked seventh for expatriates among 163 countries around the world. The survey examines countries in terms of quality of life, work and life balance, financial revenues and family life, which is regarded as one of the most comprehensive surveys of expatriates.
Turkey has entered a strong rebalancing period and posted an all-time record high for its current account surplus. Country’s 12-month rolling surplus amounted to $4.3 billion in October 2019 which stands in stark contrast to the USD 38.9 billion deficit recorded in the 12 months up to October 2018.
Minimum wage amount is announced by The Minimum Wage Commission which is effective as of 1st of January 2020. Following this development, gross minimum wage has been set as 2.943,00 TRY and net minimum wage has been set as 2.324,70 TRY.