The economic situation in the Netherlands looked slightly better in August 2015 than in July, according to Statistics Netherlands’ Business Cycle Tracer. Almost all indicators on the Tracer performed better in August than their long-term trends. The Tracer includes almost all economic information that Statistics Netherlands has published over the

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Euro, the new safe haven for investors

As the dollar weakens and doubts over a rate hike from the U.S. Federal Reserve increase, the euro’s value is climbing. Once overlooked as an investment option due to the debt crises in the eurozone, the euro is currently a go-to currency mainly because of the Chinese economy inducing panic

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SMEs account for most Turkish exports

The proportion of exports stemming from small and medium-sized enterprises (SMEs) was 56.5 percent in 2014, according to data released yesterday by the Turkish Statistical Institute (TurkStat). SMEs also accounted for 37.8 percent of imports. According to TurkStat’s External Trade Statistics by Enterprise Characteristics report, 62,987 enterprises were involved in

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Turkey becomes EU’s fifth-largest trade partner

Turkey has become the fifth largest trade partner of the EU by increasing its trade volume with the union to 71.2 billion euros in the first half of the year.According to the data derived from the European statistics institute’s (Eurostat) figures, Turkey imported 41 billion euros worth of goods from

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Turkey’s banks at ease while industry stresses

Turkey’s economy is going through a tough period with the buildup of risks in the economic, political and geopolitical climate. Nevertheless, concerns about the future of the economy vary from sector to sector. As a matter of fact, it also varies depending on the size of the enterprise. For instance, big

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Turkey sees highest decrease in hotel occupancy rates in Europe

Turkey has seen the steepest decrease in hotel occupancy rates in Europe, excluding Russia, according to STR Global’s June figures. The hotel occupancy rates were announced as 68.6 percent in June, a 7.6 percent decrease from the same month of 2014. “Although the sector has recovered slightly since 2013, we

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