Finance

FAO FOOD PRICE INDEX CONTINUES TO RISE CONSECUTIVELY…

Press release… Early estimate for 2021 wheat output positive but 45 countries in need of external assistance for food… 4 March 2021, Rome – Global food commodity prices rose for the ninth consecutive month in February, with quotations for sugar and vegetable oils increasing the most, the Food and Agriculture Organization …

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İLKNUR MENLİK: RAW MATERIAL AND OTHER INPUT PRICE HIKES MUST BE STOPPED

Federation of Food and Drink Industry Associations of Turkey (TGDF) Secretary General İlknur Menlik evaluated the retail law proposal, food prices and other issues on the agenda. While the pandemic still prevails both in Turkey and in the world; Food, agriculture and retail industries are also going through an active …

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“OUR GOAL IS A HIGH-QUALITY AND SUSTAINABLE ECONOMIC GROWTH”

Press release… According to the UN, World Economic Status and Prospects Report; while the economies of developed countries shrunk by 5.6 percent last year, the economies of developing countries also contracted by 2.5 percent. The pandemic caused 4.3 percent shrinkage in the world economy last year. Turkey’s economy, while the …

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AZERBAIJAN’S PASHA BANK SUPPORTS TURKISH AGRICULTURAL SECTOR…

Pasha Bank provides $6.4M for agricultural fintech firm Tarfin to back advanced investors in Turkey… Azerbaijan’s Pasha Bank has provided 46 million Turkish liras ($6.4 million) of funds for Turkish fintech firm Tarfin to support advanced investors in the agricultural sector, according to a statement on Thursday. The bank issued …

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DAVUT ER: THIS EXCHANGE RATE IS NOT COMPETITIVE FOR OLIVE OIL EXPORTS

Press release… Er: Our olive oil exporter has become unable to export the product Davut Er, Chairperson of the Aegean Olive and Olive Oil Exporters’ Association (EZZİB), said, “The 15 percent drop in foreign exchange rates put the exporting companies that made their agreements at the beginning of the season …

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TURKISH CB TO FORM A DIVISION ANALYZING FOOD AND AGRICULTURAL PRODUCT MARKETS…

The Turkish Central Bank on Feb. 4 announced its decision to form a division in charge of analyzing developments in the food and agricultural product markets. This division will “perform an early warning function by carrying out a detailed and timely analysis of data regarding the prices of food and …

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MINISTRY OF AGRICULTURE TO PAY 24 B LIRAS FOR AGRICULTURAL SUPPORTS IN 2021…

“We will pay a total of 24 billion liras for agricultural support in 2021” Underlining that they will pay 24 billion TL in agricultural support this year, Minister of Agriculture and Forestry Bekir Pakdemirli said, “Agricultural support has increased by 65 percent in the last 3 years. We will pay …

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“DECREASE IN EXCHANGE RATES TO PAVE WAY CHEAPER EXPORTS”

Press release… Yağcı: “The decrease in exchange rates causes our products to be exported cheaply” Cahit Doğan Yağcı, Chairman of the Aegean Furniture Paper and Forestry Products Exporters’ Association, said that the dollar exchange rate, which entered 2021 at the level of 7.43 TL, declined to 7.05 on February 5, …

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WORLD BANK TO PROVIDE 300 MILLION DOLLARS FOR TURKISH MICRO AND SMALL ENTERPRISES…

ANKARA The World Bank on Monday announced that under a new project it will provide a finance of $300 million to help avert the closure of viable micro- and small-enterprises (MSEs) in Turkey amid the coronavirus pandemic. The new financing will support people and firms by providing reimbursable support financing …

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YEMEKSEPETİ LAUNCHES A 2.55 MILLION DOLLAR SUPPORT PACKAGE FOR RESTAURANTS HIT BY THE PANDEMIC…

Yemeksepeti, an online food delivery app in Turkey, has announced a TL 20 million ($2.55 million) support package for restaurants feeling the pinch of the coronavirus pandemic. Turkey on Monday announced it will impose a weekday curfew and a full lockdown on weekends to combat the spread of the outbreak. …

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