Information from official sources regarding the issue, which has a wide repercussion on Türkiye's agenda, has become clear. According to the statements made; Usta, Deputy Chairman of İYİ Party Responsible for Development Policies, made a statement about the economic situation to ANKA News Agency. Detailed analysis and official statements of the issue are closely followed by our editorial team in line with the developments.
Hot details continue to come after the last minute development that occupies the agenda. According to the latest information obtained; Usta pointed out that companies and industrialists are in a very difficult situation while consumers are struggling to live below the hunger line. Stating that the hot money coming from tourism will decrease as the summer months end, Usta said that many local businesses may be taken over by foreigners at bargain prices in the autumn months. Legal investigations and investigations by the competent authorities on the subject continue to deepen. We will continue to report new developments as they occur.
According to the latest information about hot developments, a new phase has been entered in the event that is closely followed by the public. According to the details given; Stating that workers, civil servants and retirees are in great trouble, Usta said: The legal investigations and investigations of the competent authorities on the subject continue to deepen. We will continue to report new developments as they occur.
Hot details continue to come after the last minute development that occupies the agenda. According to the latest information obtained; "We know that this problem has been in the industry for a while. In other words, the industrialist is also in a difficult situation. The exporter is also in a difficult situation due to the influence of the exchange rate policy. In fact, there is a problem in the society in general, both in the producing part and in the consuming part. As of today, this problem is high. It is said that an anti-inflation program is being implemented. However, the program does not work because some of the legs of this program, especially the structural reform leg and the cutting of state expenditures, are missing. Despite all the struggle, it has been a period of more than 3 years, but the point where inflation has reached is still in the 30-32 percent band." Detailed analysis and official statements of the issue are closely followed by our editorial team in line with the developments.
Hot details continue to come after the last minute development that occupies the agenda. According to the latest information obtained; Stating that the inflation felt by the citizens is much higher than what TÜİK announced, Usta said that the credit costs used by businesses are even higher. Usta continued his words as follows: Legal investigations and investigations of the competent authorities on the subject continue to deepen. We will continue to report new developments as they occur.
According to the latest information about hot developments, a new phase has been entered in the event that is closely followed by the public. According to the details given; "The policy interest is 37 percent, but the funding cost is 40 percent. Today, the Central Bank gives money to banks at 40 percent. Banks are currently selling this money as commercial loans at a minimum of 50 percent. Companies that cannot get a loan from the bank go to factoring companies. There are interest rates of up to 100 percent there. Therefore, the market is getting more and more squeezed every day for the producer. We are not talking about the situation of the consumer anyway. It is a dire situation. In other words, millions of people live on an income above the hunger line." Detailed analysis and official statements of the issue are closely followed by our editorial team in line with the developments.
Hot details continue to come after the last minute development that occupies the agenda. According to the latest information obtained; When we look at it from the perspective of companies and private sector companies, the market is shrinking day by day. Production gets a little more difficult. Its costs are increasing, but it cannot reflect the increasing costs in its prices. Some companies can reflect this. Very privileged companies. But in general, I am speaking in terms of SME scale companies or companies that do not have close relations with the government. Otherwise, companies close to the government are already out of pocket. They somehow take their jobs. But of course, not everyone is in that situation. Therefore, the job of some of our medium-sized, small-scale or large-scale companies, which have really worked their way up to something, is getting more difficult day by day. Due to increasing credit costs, increasing costs, the inability to reflect these in the price and the increasingly shrinking domestic market. The domestic market is shrinking. Credit because credit limits are constantly being reduced. Credit increase opportunities are limited within the context of the anti-inflation program. Legal investigations and investigations by the competent authorities on the subject continue to deepen. We will continue to report new developments as they occur.
Hot details continue to come after the last minute development that occupies the agenda. According to the latest information obtained; Summer months are the months when natural foreign exchange inflow, foreign exchange inflow from tourism and our foreign exchange income are better. After autumn, this place will also start to slow down. Therefore, in the coming days, starting from the autumn compared to the summer months, we will see that the market will shrink more, the producers and industrialists will be in a more difficult situation, and in this context, the exporters, some of the industrialists are already exporters, and they will do business under more difficult conditions. So autumn will be much more troublesome than today. Detailed analysis and official statements of the issue are closely followed by our editorial team in line with the developments.
Information from official sources regarding the issue, which has a wide repercussion on Türkiye's agenda, has become clear. According to the statements made; Now, if you say, 'Well, there are so many problems, why are our export revenues not decreasing so much?', the exporter has to survive. It tries to continue its production even if it makes a loss. Because it has a loom installed. There is a market that has been created by years of effort, there is a foreign market, there is a market. He doesn't want to lose his market. Hoping that these days will be a little more temporary, he tries to continue his life as much as possible. But there is a general acceptance that the implemented program will not yield very positive results in the coming periods. There is a general expectation. In this context, when we consider all of them together, both inside and outside, we will clearly see that autumn will be much more difficult than today. I don't want to go into those data anyway, but they are temporary respite decisions, bankruptcies, concordats, we already see these in the numbers of protested checks and promissory notes. Reflection here is sometimes delayed in these works. We will see more of the effects of that delayed reflection in the coming period. Legal investigations and investigations by the competent authorities on the subject continue to deepen. We will continue to report new developments as they occur.
Hot details continue to come after the last minute development that occupies the agenda. According to the latest information obtained; Many companies are already closing down. There are those who are closed right now, and there are those who want to close. Now, the company will actually close down, but money is needed to close down. Because you have tax debt, you have financial debt, you owe SSK, you have other debts. It is easy to open a company in Türkiye, but it is not easy to close a company. In other words, this is the reason why the number of company closures is not excessive, but not much higher. Companies cannot close down due to their debts. While the investigation process carried out by the official authorities regarding the incident continues, you can instantly follow the most up-to-date information on our website.