The number of companies declaring concordat decreased in February, a trend also observed in January. Some 126 companies declared concordat in February, making the total number of companies declaring concordat in the first two months of this year 404.
While the sales of vegetables and fruits through municipalities are becoming widespread, its positive and negative aspects continue to be debated. If we are to look at recent news stories, municipalities, in order to offer lower prices, either sell the products at a lower price than they buy or sell at the same price they buy but bear shipping and labor costs.
The Turkish government’s discounts on electricity and natural gas prices, along with a hike in the minimum wage, have been a subject of debate.
One can expect the “classic interest rates” debates to revive as we are heading toward the local elections slated for the end of March.
One of the most important indicators of the economic difficulty the country is facing is the companies’ declaration of concordat—the restructuring agreement between the debtor and its creditors. This is an issue of debate.
Turkey’s current account balance that posted a significant deficit in September last year produced a surplus of $1.8 billion in the same month of 2018.
In light of Turkey’s current inflation rate, many market players say the Central Bank should hike interest rates again in its committee meeting this week. Despite this, very few market players expect any rate hike decision in the Monetary Policy Committee meeting, which will be held on Oct. 25.
The markets were relieved by the release of United States Pastor Andrew Brunson.
The necessity to find a solution to relations between the real sector and banks as well as the problem of high debts stand as a clear-cut reality.
