BY ELIF KARACA Within the scope of the Integrated Municipal Governance Model (IMGM) project, for the first time in Turkey, two municipalities obtained the right to use the European Label of Governance Excellence (ELoGE). Can you talk about the project and the work by the Council of Europe (CE) in this area? The 12 principles...
Category: Q&A
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OIZs, highways and ports to be linked with rail
BY MARUF BUZCUGIL AND HUSEYIN GOKCE Q&A with Adil Karaismailoglu, Minister of Transport and Infrastructure WHAT UPDATES CAN YOU PROVIDE REGARDING COMPLETED PROJECTS? The Osmangazi Bridge was built in 2016. In 2026, over 100,000 vehicles are projected to cross the bridge daily. We plan to spend any funds added to the budget in the future...
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Relationship between loss ratio and premiums out-of-balance
BY BURCU GOKSUZOGLU Q&A with Atilla Benli, President of the Insurance Association of Turkey (TSB) HOW HAVE TRY DEVALUATION AND INCREAS˹ ING INFLATION AFFECTED THE INSURANCE INDUSTRY? Inflation, which is a common problem in the world today, deeply affects Turkey. High inflation and increasing costs are the biggest problems in the global insurance sector. Increasing...
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Turkey and Romania can cooperate in the EU’s energy supply security
BY MARUF BUZCUGIL Q&A with Stefan Alexandru Tinca, Ambassador of Romania to Turkey WHAT IS THE LEVEL OF TURKEY-ROMANIA RELATIONS? Romania and Turkey are strategic partners and NATO members and they have good neighborhood relations. Romania and Turkey closely cooperate at different levels for the wealth and security of the societies in both countries. The...
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Turkey to gain USD 5bn if RUSF rate remains zero
BY BURCU GOKSUZOGLU Q&A with Ali Emre Balli, Chairman of the Board of Directors of the Association of Financial Institutions (FKB) HOW DID THIS YEAR’S EXTERNAL AND INTERNAL DEVELOPMENTS AFFECT THE NON˹BANK FINANCIAL SECTOR? The transaction volume of the non-bank financial sector rose by 63.7% to TRY 99.6bn and the sector’s total assets surged by...
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Q&A KKM and GES are very ‘artificial’ instruments
BY BURCU GOKSUZOGLU Q&A with Atilla Koksal, Chairman of the Board of Directors of the Financial Literacy and Inclusion Association (FODER) SOME THINK THAT THE MONETARY POLICY ‘PUNISHES’ SAVINGS. DO YOU AGREE WITH THIS? Looking at investments of Turkish households in the past, they invested one-third of their savings in TRY deposits, one-third of their...
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KalyonPv to sell solar panels to the U.S.
BY MEHMET KARA Q&A with Ersan Tufekci, Executive Board Member and Vice President of Operations at KalyonPv WHAT IS THE CURRENT STATE OF YOUR SOLAR PANEL MANUFACTURING OPERATIONS? The first solar panel manufacturing plant, which we set up as KalyonPv was an ingot, wafer, cell, and panel factory with an annual capacity of 500 MW....
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Turkey is experiencing four negatives at once
BY MARUF BUZCUGIL AND CANAN SAKARYA Q&A with Erhan Usta, IYI Party Parliamentary Group Deputy Chairman WHAT’S YOUR POSITION ON THE BURDEN PLACED BY FX RATES ON THE TREASURY? Foreign exchange (FX) and gold-denominated or indexed borrowing has continued since July 2018. Its added cost has reached TRY 565bn, up to the current moment, according...
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Funders play it safe
BY BURCU GOKSUZOGLU Q&A with Murat Bilgic, CEO of the Industrial Development Bank of Turkey (TSKB) WHAT KIND OF PROCESS IS THE TURKISH ECONOMY GOING THROUGH? The surge in energy prices is at the fore. We predicted that Turkey might have difficulties in supplies when the pandemic emerged. Turkey ended 2021 with serious growth. We...
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OYAK follows new trends in energy
BY MEHMET KARA Q&A with Yuksel Yilmaz, Group President of Energy Companies at OYAK Group Economic decision-makers are careful nowadays as the pandemic has almost ended. It is not easy to make a clear prediction about what the exit process brings as the COVID-19 pandemic, which paved the way for great uncertainties, has put companies...