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Shopping Malls Entering Financial Bottleneck as Expenses Rise

  • Shopping malls entered a financial bottleneck due to limited common-area revenues and a foreign-currency rental ban, Ekonomim report. The sector’s financing expenses increased by 3.41 times its rental income, according to the data announced at Shopping Mall Investors Summit.
  • The fixed euro rate used to price medical products will be raised by 36.77% as of Dec 15, according to a presidential decree cited by Bloomberg. The new rate will be applicable through 2023.
  • President Erdogan will meet his Turkmenistan and Azerbaijan counterparts in Turkmenistan today while the minimum wage commission will hold a meeting this afternoon. There are no major economic releases scheduled today.

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