Budget funds cut down by 5%
It has been reported that IMF Board's one-day postponement of its departure from Turkey is due to the presence of certain hitches in the close monitoring agreement. The parliament has made revisions in the distribution of funds and the Budget...
IMF proposes fixed exchange rate
The International Monetary Fund Board, which has been in Turkey for several weeks, reportedly proposed fixed exchange rate for Turkey. The fixed exchange rate is an exercise that aims to pull down inflation and interest rates in countries where...
Minister of Tourism blames banks
Erkan Mumcu, Minister of Tourism, has argued that the reason behind the predicament of nearly 600 tourism establishments is bank credits. "Administrators should have foreseen the recession in tourism, but I don't blame them," Mumcu said. "The real...
