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DAP to make TRY 35bn investment within five years

DAP to make TRY 35bn investment within five years

BY LEYLA ILHAN Construction company DAP Yapi Holding plans to carry out six projects with an investment of TRY 35bn within five years, according to Ziya Yilmaz, Chairman of the Board of Directors of DAP Yapi Holding. The company is currently working on three projects in Cekmekoy Ormankoy, Nisantasi Koru, and Levent. “We’ve already added...

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Interesting developments in Idlib: OPINION

Interesting developments in Idlib: OPINION

BY ZEYNEP GURCANLI Whenever Ankara makes a contrary statement to Russia on the Crimea issue, Moscow reacts unexpectedly. Now, it’s happened again. “The Russians have collapsed in the Crimea,” President Erdogan said when returning from his Albanian visit. Moscow’s reaction came through Syria. Oleg Juravlyov, one of the spokespeople of the Russian military in Syria,...

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Consumer confidence rebounds

Consumer confidence rebounds

The consumer confidence index increased by 6.2% from 68.9 points to 73.2 points in January, as compared to December 2021, according to the Turkish Statistical Institute (TurkStat). The index is a vital gauge of the economy’s overall performance, indicating people’s sentiments on financial standing and the general economic situation, along with expenditure and saving tendencies....

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Company establishments up by 8.3% in 2021

Company establishments up by 8.3% in 2021

A total of 109,695 new companies were set up in Turkey in 2021, according to the Union of Chambers and Commodity Exchanges of Turkey (TOBB). The figure rose 8.5% compared to 2020, the TOBB said in a report. 16,222 companies also went out of business last year, marking a 5.6% rise from 2020. A total...

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What matters on Friday, January 21

What matters on Friday, January 21

The Central Bank (CB) kept the policy rate steady at 14% at the first Monetary Policy Committee (PPK) meeting of the year, in line with the market expectations. However, the CB’s emphasis on the start of the “disinflation” process and the announcement that it would begin a review of the policy framework to prioritize TRY...

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I feel responsible for 84 million: TurkStat Chairman

I feel responsible for 84 million: TurkStat Chairman

BY ALAATTIN AKTAS Our readers know this, but let’s emphasize it again: At daily DUNYA, we have a rigid principle. We play the game, we don’t play for one man. The man here is the Turkish Statistical Institute (TurkStat) management, which can change. Our concern is to encourage the institute to release the most accurate...

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Interest rate remains steady

Interest rate remains steady

The Central Bank kept the policy rate steady at 14% at the first Monetary Policy Committee (PPK) meeting of the year in line with the market expectations. The economy world generally estimated no interest rate change as the Central Bank stated in the December PPK meeting that the cumulative impact of policy decisions would be...

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All eyes on Central Bank’s decision on interest rate

All eyes on Central Bank’s decision on interest rate

The Central Bank is set to announce its decision on the interest rate for the time this year, with analysts expecting no change in the key policy rate. All economists surveyed by Anadolu Agency predicted that the policy rate will be kept constant at 14%. Foreign financial institutions also expect the bank to keep interest...

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Spyke Games receives USD 55m investment

Spyke Games receives USD 55m investment

The mobile gaming company Spyke Games has received a seed investment of USD 55m led by the U.S.-based game venture capital firm Griffin Gaming Partners. The investment will be used for making casual and social mobile games as well as growing the team of the startup. The company currently has a team of 30 people...

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Trendyol eyes IPO at home and abroad

Trendyol eyes IPO at home and abroad

BY MEHMET KAYA The e-commerce platform Trendyol, which was Turkey’s first decacorn with a valuation of USD 16.5bn, is planing an dual-listing initial public offering (IPO) on the London or New York stock exchanges, according to Caglayan Cetin, President of Trendyol Group.  “We’ve set a high e-export volume for IPO. We aim for one-third of...