The Central Bank of Turkey once again set a record by raising the policy interest rate to over fifty percent. The goal is to act in line with the FED and the ECB: to ensure lasting price stability by continuing monetary tightening as long as necessary.
As Turkish companies become "very attractive" to foreigners, the steady rise of the EUR and USD against the Turkish lira has given foreigners a record "purchasing power" to acquire Turkish companies.
Therefore, we believe that 2024 will be a year of opportunities for Turkish companies to "unite" with foreign partners.
