Istanbul Chamber of Commerce

The Istanbul Chamber of Commerce's (İSO) export climate index increased for a second month in a row in February.

The index measures the business conditions in key export markets of the Turkish manufacturing sector with any figure above the 50 no-change mark signaling an improvement in the export climate.

While the Health Ministry warns citizens to protect themselves from the recent increase in "cocktail virus" cases, production has come to a halt in the mask facilities that Türkiye expanded with an investment of $50 million at the beginning of the COVID-19 pandemic.

Within the scope of an urban transformation project, the target to renew around 600,000 houses in Istanbul that urgently need reconstruction has been set to five years.

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.

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.

Professional photographers are grappling with a fresh challenge as biometric photo booths gain popularity, adding to their existing concerns about unregistered work in the industry, according to sector representatives.

Companies selling products online single out the commission fees marketplaces charge as the biggest problem they face, a study has found.

Shipping costs, excessive competition and logistics-related problems are other main issues companies complain about, according to a survey the Istanbul Chamber of Commerce (İTO) commissioned.

Türkiye's rolling 12-month exports have amounted to $255.7 billion in the first quarter of 2023 that corresponded to an all-time-high of 1.04 percent share in global exports.

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.

Istanbul, Türkiye's financial and commercial capital, is experiencing a revival in congress tourism this year, with dozens of international events planned for 2023.