Challenges caused by inevitable circumstances can turn into new opportunities
The tangled problems of the Turkish economy between inflation, interest rates and exchange rates deeply affect real production more than the financial sector. In a period when...
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Challenges caused by inevitable circumstances can turn into new opportunities
The tangled problems of the Turkish economy between inflation, interest rates and exchange rates deeply affect real production more than the financial sector. In a period when banks are increasing their profitability, producers in many sectors are experiencing difficulties due to increasing operating costs and shrinking markets. Due to the tightening of credit processes, these businesses may be unable to pay their debts and stay out of the supply chain, and then face concordat and bankruptcy. Or, as seen in the textile sector, enterprises follow new strategies to survive by investing in different countries abroad. In this context, the ability of textile manufacturers to remain competitive without leaving their country means the preservation of the strength of the Turkish economy in the long term.
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