A U S T R I A – B A S E D cryptocurrency trading platform Bitpanda is preparing to offer precious metal trading to its Turkish customers in 2021. After entering the Turkish market in September 2020, Bitpanda’s platform now lists over 50 cryptocurrencies, including Bitcoin, Ethereum, Ripple, Pantos, IOTA, Litecoin, Komodo, Dash, Cardano,...
Category: Reports
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Turk Eximbank eager to support exporters in 2021 and beyond
By IMAM GUNES official export support institution in AS THE ONLY Turkey, Turk Eximbank played a key role in helping SMEs and other exporters weather the pandemic. The bank also launched new strategies for 2021 and beyond with new incentive packages, including launching five more branches in provinces where SMEs are concentrated. Ali Guney, Board...
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Brexit will help Turkish tourism
By FEHMI KOFTEOGLU POST-BREXIT is expected to increase British tourism in Turkey as travel advantages within the European Union (EU) will no longer be available for UK citizens. The exchange rate difference of the GBR against the EUR will also give Turkey an advantage as a non-EU country, according to a report by Deloitte. The...
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The Parliament will deal primarily with Technopark Law
On the agenda for the parliament this week will be the Law on Technology Development Zones (TDZs) and the Law Proposal on Amending Some Laws, including a series of regulations in improving ease of doing business and the investment environment. Other regulations up for amendment in the proposal include the removal of the signatory circular,...
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Turkish Parliament approves 2021 budget
The 2021 budget was approved by Parliament nearly two months of debates at the Planning and Budget Commission and General Assembly. The size of the 2021 Budget was determined as follows: >> Budget expenditures: TRY 1.346tr >> Non-interest expenses: TRY 1.166tr >> Budget revenues: TRY 1.101tr >> Tax revenues: TRY 922.7bn >> Budget deficit: TRY...
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Singapore Strategy should be implemented
A professor of applied economics at Johns Hopkins University in Baltimore and the founder and co-director of the Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise, Steve H. Hanke is a internationally-respected economist who has worked as an advisor in the reconstruction of currencies in developing countries such as...
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It’s time for CFOs to step up
Digital transformation will be a difficult process for traditional companies. Those who are not aware of the threat will continue with their usual approaches. IFS Global High Potential Markets President Zoran Radumilo believes being unaware of what’s coming will prevent these companies from growing. The abrupt and necessary transformation in economic and social life due...
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Suffering fuel sector gives up 24/7 service
The measures taken against the pandemic have seriously disrupted economic life. While more actions are being taken in sectors that have a direct role in controlling the epidemic, especially health, other sectors, such as logistics, accommodation, on-site consumption, iron and steel, are still suffering. One of the areas where the slowdown has been felt hardest...
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Public sector’s domination in energy continues
International consulting firm Kearney and Enerji Gunlugu, the leading news source in the energy sector, has published the ‘MW100, Turkey’s Top 100 Electricity Producers Survey.’ Electrik Uretim Anonim Sirketi (EUAS) took first place among Turkey’s largest electricity producers list at 20,541 MWe while ENKA followed with 3,830 MWe and Enerjisa with 3,598 MWe. Other companies...
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Austrian companies confident on Turkey
Apart from the latest pandemic craze in the global economy, business in Turkey has been increasingly difficult for Austrian companies over the few past years. The rearview assessment that the economic situation deteriorated over the previous 12 months peaked in 2018 at 74 percent, according to a survey by Advantage Austria among Austrian companies in...
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