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Tourism Minister Confident Turkey in $35bn Revenue Target

TURKEY

LOCAL NEWS

  • Tourism Minister Mehmet Ersoy said he expects 200 cruise ships at Galataport this year. “This number may increase to 250. There’s no deviation in the targets set at the beginning of the year in tourism. By the end of the year, we’ll generate 42 million tourists and income of $35 billion” - Hurriyet
  • Export association says companies dependent on foreign sources for raw materials and intermediate goods are being negatively affected by the Government decree forcing exporters to convert 40% of their foreign revenue at the central bank.
    • Warns that their costs are increasing, causing a reduction in competitiveness. Exporters having to repurchase FX from the CBRT are experiencing losses and if this continued they would face capital shortages Sozcu
Data:
  • 0800BST Mar Trade Balance exp at -8.20bn vs -7.88bn prior
  • 0900BST: Mar Foreign Tourist arrivals y/y, 186.5% prior
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
BulletEM BulletEmerging Market NewsHomepage
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
BulletEM BulletEmerging Market NewsHomepage

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