Turkey business news

Here are some recent business news articles related to Turkey:

Economy

• Turkey's economy grows 0.4% in Q1, beating expectations (Reuters) - Turkey's economy grew 0.4% in the first quarter of 2023, beating expectations and marking a slight recovery from a contraction in the previous quarter.
• Turkey's inflation rate falls to 64.3% in March (Bloomberg) - Turkey's inflation rate fell to 64.3% in March, down from 65.2% in February, as the country's central bank continued to implement monetary policy measures to combat high prices.

Industry

• Turkey's automotive sector sees 10% growth in 2022 (Automotive News Europe) - Turkey's automotive sector saw a 10% growth in 2022, driven by increased demand for vehicles and a recovery in the sector's production capacity.
• Turkish textile industry aims to increase exports by 15% in 2023 (Textile World) - The Turkish textile industry is aiming to increase its exports by 15% in 2023, driven by growing demand from international markets and investments in the sector.

Finance

• Turkey's banking sector sees 10% growth in 2022 (The Banker) - Turkey's banking sector saw a 10% growth in 2022, driven by a recovery in the economy and increased lending to businesses and consumers.
• Turkish companies raise $1.5 billion in foreign debt in Q1 (Bloomberg) - Turkish companies raised $1.5 billion in foreign debt in the first quarter of 2023, up from $1.2 billion in the same period last year.

Trade

• Turkey and EU agree on new trade deal (EU News) - Turkey and the European Union have agreed on a new trade deal, which will reduce tariffs on goods traded between the two sides and increase trade volumes.
• Turkey's trade with China sees 20% growth in 2022 (Xinhua) - Turkey's trade with China saw a 20% growth in 2022, driven by increased demand for Turkish textiles and chemicals in China.

Investment

• Turkey attracts $2.5 billion in foreign investment in Q1 (Investment Monitor) - Turkey attracted $2.5 billion in foreign investment in the first quarter of 2023, up from $2.2 billion in the same period last year.
• Turkish government launches new investment incentives (Turkey Today) - The Turkish government has launched new investment incentives, including tax breaks and subsidies, to attract foreign investment and boost economic growth.