Company Insights Central Bank of the Republic of Turkey Banking & Finance Central Bank of the Republic of Turkey Overview The Central Bank of Turkey (CBRT) is responsible for maintaining Turkey’s financial stability. It is in charge of the country’s monetary and exchange rate policy, managing international reserves, issuing banknotes and regulating payment systems. CBRT operates as a joint stock company with shares classified for four types of owner: the Finance and Treasury Ministry (55.12 percent); Turkish banks (25.74 percent), non-Turkish banks and “privileged companies” (0.02 percent), and Turkish individuals (19.12 percent). CBRT is governed by a general assembly of shareholders, a board of directors, a monetary policy committee for policy decisions and auditing and executive committees. Its current policies pursue price stability while supporting government growth and employment policies. It has representative offices in cities including London, Frankfurt, New York and Tokyo. Central Bank of the Republic of Turkey News Economy Risks for Turkey’s economy despite stable credit rating Turkey’s economic outlook has retained its “stable” rating, according to ratings agency S&P Global, despite heightened political and economic uncertainty since March, with more downside risk than upside opportunity. The agency had raised Ankara’s sovereign debt rating to its present BB-, just below investment grade, in November, the second increase in 2024. It affirmed that […] April 29, 2025 Development Turkey hopes for funding surge from global institutions Turkey is hoping to attract more than $40 billion in project funding from global financial institutions over the next three years to increase environmental investment, boost infrastructure and reduce risk from natural disasters. Treasury and finance minister Mehmet Şimşek said on April 26 he anticipated Turkey would receive $41 billion in low-cost, long-term finance from […] April 29, 2025 Manufacturing Factory activity in Turkey falls to lowest in two years Turkey’s manufacturing sector has posted its fifth monthly decline in activity, reflecting a slowdown in domestic demand and the impact of political and economic instability. The manufacturing capacity utilisation rate – how much a factory’s full potential is being used – fell to 74.3 percent in April, according to a report issued this week by […] April 27, 2025 Tech Turkish startup funding plunges in first quarter Uncertainty in the Turkish economy and government budget cuts are weighing on the country’s startup environment, with venture capital funding for new projects falling in the first quarter to their lowest in more than 18 months. Turkish technology startups attracted $58 million in the three months to March 31, almost 50 percent down on the […] April 23, 2025 Banking & Finance Turkey raises interest rates for first time in a year Turkey’s central bank raised its key lending rate for the first time in a year on Thursday, reversing a steady decline this year, on concerns of higher inflation in the coming months. The bank’s monetary policy committee (MPC) increased its one-week repo auction rate to 46 percent on April 17 from 42.5 percent, the rate […] April 18, 2025 Real Estate Turkish property sales jump may temper on market turmoil Turkish property sales rose by 20 percent in the first quarter, but recent political unrest and economic uncertainty from mid-March onwards may weigh on the market. The number of property transactions rose to 335,786 in the three months to March 31 compared with the same period last year, according to data issued this week by […] April 16, 2025 Banking & Finance Turkey’s central bank records second-biggest ever loss The Central Bank of Turkey lost 700 billion lira ($18 billion) last year, its second biggest loss ever after a record 2023. The loss came as the central bank made efforts to defend the Turkish lira while at the same time offering depositors higher interest rates on the local currency versus other currencies, paving the […] April 16, 2025 Opinion Economy Inflation and political strife test Turkey’s stability Recent events have revealed deeper vulnerabilities in the country’s economy March 28, 2025 Analysis Finance Turkish political turmoil risks undermining US investor appetite Last week’s arrest of the mayor of Istanbul and resulting political unrest in Turkey’s financial capital may cool US companies’ interest in doing business in the country, industry observers say. Ekrem İmamoğlu, a popular opposition figure who had been gearing up to run in the 2028 presidential election, was detained last Wednesday on charges of […] March 25, 2025 Logistics Turkey’s Ciner Shipping packs up and moves to Athens One of Turkey’s largest shipping companies is moving its headquarters to Athens, the latest in a string of Turkish businesses to take advantage of Greece’s EU membership and what they say is a more investment-friendly environment. Ciner Shipping issued a statement on February 21 saying it was shifting its base from Istanbul. Its Turkish staff […] February 26, 2025 Posts navigation 1 2 … 5 Next
Economy Risks for Turkey’s economy despite stable credit rating Turkey’s economic outlook has retained its “stable” rating, according to ratings agency S&P Global, despite heightened political and economic uncertainty since March, with more downside risk than upside opportunity. The agency had raised Ankara’s sovereign debt rating to its present BB-, just below investment grade, in November, the second increase in 2024. It affirmed that […] April 29, 2025
Development Turkey hopes for funding surge from global institutions Turkey is hoping to attract more than $40 billion in project funding from global financial institutions over the next three years to increase environmental investment, boost infrastructure and reduce risk from natural disasters. Treasury and finance minister Mehmet Şimşek said on April 26 he anticipated Turkey would receive $41 billion in low-cost, long-term finance from […] April 29, 2025
Manufacturing Factory activity in Turkey falls to lowest in two years Turkey’s manufacturing sector has posted its fifth monthly decline in activity, reflecting a slowdown in domestic demand and the impact of political and economic instability. The manufacturing capacity utilisation rate – how much a factory’s full potential is being used – fell to 74.3 percent in April, according to a report issued this week by […] April 27, 2025
Tech Turkish startup funding plunges in first quarter Uncertainty in the Turkish economy and government budget cuts are weighing on the country’s startup environment, with venture capital funding for new projects falling in the first quarter to their lowest in more than 18 months. Turkish technology startups attracted $58 million in the three months to March 31, almost 50 percent down on the […] April 23, 2025
Banking & Finance Turkey raises interest rates for first time in a year Turkey’s central bank raised its key lending rate for the first time in a year on Thursday, reversing a steady decline this year, on concerns of higher inflation in the coming months. The bank’s monetary policy committee (MPC) increased its one-week repo auction rate to 46 percent on April 17 from 42.5 percent, the rate […] April 18, 2025
Real Estate Turkish property sales jump may temper on market turmoil Turkish property sales rose by 20 percent in the first quarter, but recent political unrest and economic uncertainty from mid-March onwards may weigh on the market. The number of property transactions rose to 335,786 in the three months to March 31 compared with the same period last year, according to data issued this week by […] April 16, 2025
Banking & Finance Turkey’s central bank records second-biggest ever loss The Central Bank of Turkey lost 700 billion lira ($18 billion) last year, its second biggest loss ever after a record 2023. The loss came as the central bank made efforts to defend the Turkish lira while at the same time offering depositors higher interest rates on the local currency versus other currencies, paving the […] April 16, 2025
Opinion Economy Inflation and political strife test Turkey’s stability Recent events have revealed deeper vulnerabilities in the country’s economy March 28, 2025
Analysis Finance Turkish political turmoil risks undermining US investor appetite Last week’s arrest of the mayor of Istanbul and resulting political unrest in Turkey’s financial capital may cool US companies’ interest in doing business in the country, industry observers say. Ekrem İmamoğlu, a popular opposition figure who had been gearing up to run in the 2028 presidential election, was detained last Wednesday on charges of […] March 25, 2025
Logistics Turkey’s Ciner Shipping packs up and moves to Athens One of Turkey’s largest shipping companies is moving its headquarters to Athens, the latest in a string of Turkish businesses to take advantage of Greece’s EU membership and what they say is a more investment-friendly environment. Ciner Shipping issued a statement on February 21 saying it was shifting its base from Istanbul. Its Turkish staff […] February 26, 2025
