Gürsel Baran

Major business associations have welcomed the Central Bank's move to start the easing cycle by delivering a 250 basis points cut in its policy rate, calling on lenders to follow suit.

The bank slashed the one-week repo auction rate to 47.5 percent only two days after the minimum wage for millions of workers was hiked by 30 percent to a net of 22,104 Turkish Liras ($628) per month.

Companies are having dire problems finding semi-skilled or even unskilled workers, according to Gürsel Baran, the president of the Ankara Chamber of Commerce (ATO).

The ancient city of Gordion in the capital Ankara is expecting to be included in the UNESCO World Heritage List after the voting in Riyadh in September, says the head of the Ankara Chamber of Commerce (ATO).