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13th August 2018 Collapse In Value Of Turkish Lira Presents Threats and Opportunities
Escalation of trade war with USA causes the value of the Turkish lira to collapse. Turkey is heavily dependent on the dollar.
19th July 2018 State Of Emergency In Turkey Ends
The Turkish government has ended the nationwide state of emergency imposed two years ago after a failed coup attempt.
During the state of emergency tens of thousands of people were arrested. More than 107000 people have been removed from public sector jobs.
The 2016 coup attempt included attacks on parliament and more than 250 people killed.
— Risk Management (@HolisticRiskMgt) May 22, 2017
21st March 2017 Turkish Central Bank Support The Lira
Turkey’s central bank increased its reserves of US dollars.
29th January 2017 Turkey and UK Agree £100 Million Trade Deal
BAE Systems CEO says the deal is the beginning of bigger trading relationship. The new partnership will make the UK Turkey’s partner of choice for aerospace technology. BAE will collaborate with Turkish Aerospace Industries TAI to develop TF X Turkish fighter jet. The partnership could extend to engines, weapons, radars and sensors.
28th January 2017 UK Prime Minister Theresa May Meets With President Recep Tayyid Erdogan
Mrs May wants to talk trade and security whilst Mr Erdogan may want more visa access to UK. The UK and Turkey will be setting up a working group to build a free trade agreement but formal negotiations will not start until the UK has left the European Union EU. Turkey and UK plan to sign a free trade deal once Britain leaves the European Union EU.
24th January 2017 Central Bank Keeps Interest Rates On Hold
Political instability terrorist attacks neighbouring war in Syria lack of domestic democracy and economic poor performance has caused the lira to fall over recent months. Many wanted an interest rate rise to try and shore up the value of the lira but others feared it would restrict business investment spending and cause the economy to slow further.
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