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Terms of Trade Fall to New Low

TURKEY
  • Dunya report that as of August, general terms of trade decreased to 73, the lowest value since 2016 when the new index was launched, and the lowest since 1997. The terms of trade are calculated in TL and USD and due to recent lira performance, there was a slight decline in the terms.
  • After the Ukraine War, the interest of Russian companies in Turkey is increasing day by day, Dunya report. The opening of companies with Russian capital has exploded since the beginning of the year, according to the information compiled by Dunya from TOBB Established Company Statistics. 86,560 companies were opened in Turkey in the January-August 2022 period, of which 14,090 became companies with foreign capital. While Iran ranked first with 874 companies in the list of companies with foreign capital established, Russia took second place with the opening of 729 companies.
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