March 2024

Cyber scammers have targeted Turkey’s travel industry

Кибермошенники нацелились на отрасль турбизнеса в Турции, создавая фальшивые веб-сайты отелей и выманивая оплату за несуществующие бронирования. Это вызвало тревогу в туриндустрии страны, поскольку многие туристы стали...

Annual inflation in Turkey in January amounted to 64.86 percent

According to data from the Turkish Institute of Statistics, in January this year the inflation rate was 6.7%, and over the past 12 months this figure reached 64.86%. Experts from the informal group ENAG claim that the consumer price index increased by 9.38% in January, and over the past year this increase was 129.11%. Fatih Karahan, the new head of the Central Bank of Turkey, previously announced the...

Turkish hotels’ debts to banks approach $10 billion

Turkey's tourism industry is facing serious problems due to increasing hotel debt to banks, which now reaches almost $10 billion. This led to demands from credit institutions for the sale of real estate and repayment of debts. Since the end of the pandemic, hotel debt in Turkey has reached $8.5 billion. The risk that banks could repossess the property has increased due to the expiration of loyalty...

Türkiye: Increase in key rate to 50%

The Central Bank of Turkey has decided to increase the key rate from 45 to 50 percent, as reported in an official press release published on the regulator’s website. This decision was made after a meeting of the Central Bank of Turkey, which took place on February 22. It should be noted that in June 2023, the central bank began a cycle of increasing the key rate, which was interrupted at 45 percent. This...

Authorities introduce new measures on money transfers

The authorities are introducing new measures to manage financial flows to stabilize the economic situation. This includes controls over payments and transfers aimed at preventing illegal transactions and tax evasion. The new rules will apply to banking transactions and wire transfers to ensure financial transparency and combat economic...

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