istanbul chamber of commerce

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İSTANBUL TİCARET ODASI

Annual inflation in Istanbul hits 75 percent

Retail prices rose by 74.88 percent in December 2023 from a year ago in Istanbul, accelerating from the annual increase of 73.89 percent in the previous month, the data from the Istanbul Chamber of Commerce (İTO).

The pace of month-on-month increase in retail prices slowed from 3.79 percent in November 2023 to 3.52 percent last month.

European facility management body to meet in Istanbul

The European Facility Management Association (EuroFM), the umbrella body of hundreds of facility management corporates across the European continent, which makes it the second largest business sector, will hold one of the most important events in Türkiye to honor the host country's 100th anniversary.

Business circles welcome rate hike decision

Leaders of business associations have welcomed the Central Bank's move to hike its policy rate sharply by 650 basis points, calling it a step taken toward ensuring price and financial stability.

The Central Bank on June 22 increased its one-week repo auction rate from 8.5 percent to 15 percent. This has been the first rake hike since March 2021.

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