economy

ECONOMIC IMPACT OF CORONAVIRUS IN TURKISH ECONOMY

According to data from the Turkish Statistical Institute, Turkey’s gross domestic product (GDP) grew 4.5 percent in the first quarter of the year. The value of the first quarter GDP was 176 billion 146 million at current prices in US dollars. Consumer spending by credit card can be tracked weekly, decreased by 36.6 percent compared

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THE MOST AFFECTED SECTORS DURING CORONAVIRUS CRISIS WORLDWIDE

Negatively affected sectors AVIATION Airline companies were the sector that the Corona virus damaged the most economically. According to the International Air Transport Association IATA, the aviation industry could suffer up to $ 113 billion in 2020. This figure means that the airline transportation has decreased by 19 percent. It was stated that the least

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STEPS TAKEN BY TURKEY TOWARDS NORMALISATION AFTER COVID-19 CRISIS

President Recep Tayyip Erdoğan made a statement after the meeting of the Presidential Cabinet, which was held for the last time with the video conference method in the Huber Mansion. Erdogan stated that they will continue to support the citizens and the business world in the coming period. ” Turkey’s outbreak prevention and damage in

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NEW OPPORTUNITIES ARISE FOR TURKISH FIRMS AFTER CORONA CRISIS

With the new type of coronavirus (Covid-19) epidemic, global trade is being discussed again through concepts such as supply chain, strategic products, security, trust, joint action, logistics, the experts note that Turkey will be in an advantageous position according to many factors like its geographical location, logistics networks, disruptions in the supply chain, emergency response

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CORONABONDS: EUROPEAN UNION ECONOMIC SOLUTION TO COVID-19 EFFECTS

The advance of coronavirus has led to an economic cataclysm in Europe and several governments have already called for common stimulus measures, such as the issuance of coronabonos, a debt instrument, among others, the implementation of which must be negotiated this afternoon by the heads of state and government of the European Union. These bonds

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THE NORMALISATION IN THE TURKISH ECONOMY WILL BE FAST

Turkey Chambers and Stock Exchanges Union (TOBB) President Rifat Hisarcıklıoğlu, noting that it is began to be spoken the normalization in economy thanks to the measures and support implemented “We are ready to reboot and spin the wheels of Economics movement. “ he said. TOBB Economy Meeting, which was held with the participation of 365

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TRADE MINISTER OF TURKEY EMPHASIZED THE IMPORTANCE OF THREE MAIN SECTORS

Trade Minister Ruhsar Pekcan joined by video conference method to the meeting with the chairmen of 365 chambers, stocks and 61 sectors and Turkey Union of Chambers and Commodity Exchanges (TOBB) President Rifat Hisarcıklıoğlu. Minister Pekcan, in her speech at the meeting, in Covid-19 outbreak of the process, all the ministries in Prime Minister Recep

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EU NEEDS A SOLIDARITY TO FIGHT AGAINST CORONAVORUS AS A UNION

Spanish Prime Minister Pedro Sanchez simultaneously published an op-ed in seven European languages on Sunday, arguing that coronavirus could be the undoing of the EU if it does not take more drastic measures to deal with the crisis. “The circumstances are exceptional and call for unwavering positions: either we rise to this challenge or we

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HOW WILL CORONAVIRUS AFFECT THE ECONOMY AFTER THE HEALTH EMERGENCY IS OVER

After predicting the corona virus epidemic that swept the world, the digital currencies will come to life and new business areas will be created. Levent Sümer spoke about how the country’s economies will be affected after the virus. Sumer said, ‘Nothing will be the same as before after corona virus. Perhaps this transformation will be

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