The dollar and exports broke a record in October! Media Monitoring Center (MTM) determined the economic headlines of the past month in its research. According to the report, while the dollar issue was mostly covered in October's economic news; The employment package with new incentives and tax amnesty were other important economic issues on the agenda.
Here are the details of the research…
Media Monitoring Center has kept the pulse of the economy world. Dollar prices, which have been affected by coronavirus incentives for a while, followed the upward momentum throughout the month, according to the report. The dollar rate, which opened the first trading day of October at the level of 7.74, renewed the record by exceeding 8 lira and reached the all-time peak. The dollar rate, which maintained its rising stability throughout October, closed the last trading day of the month at the level of 8.34. The dollar rate, which attracted all eyes throughout the month, was included in a total of 110 thousand 824 news, and became the most mentioned economic issue in the media in October.
An export record was broken in October
Trade Minister Ruhsar Pekcan announced the foreign trade figures for October at the press conference held at the Ministry of Trade Conference Hall. In October, exports grew by 5.6 percent compared to the same month of the previous year and reached 17 billion 333 million dollars, while imports increased by 8.5 percent to 19 billion 729 million dollars. This figure was the highest monthly export figure ever reached. The ratio of exports to imports was 87.9 percent. Despite the outbreak of coronavirus 17.3 billion of the basic conditions of Turkey's export economy is robust indicator of how nature carries stressed Pekcan, it's the strength of the corporate sector and voiced showed the power.
The most exported chapters in October are "Motor vehicles, tractors, bicycles, motorcycles, other land vehicles" (2 billion 547 million dollars), "Boilers, machinery, mechanical devices and tools, nuclear reactors" (1 billion 681 million dollars) and "Knitwear and accessories" (979 million dollars). Most imports were realized in the "raw materials (intermediate goods)" group with 13 billion 731 million dollars. This group was followed by "investment (capital) goods" with $ 3 billion 585 million and "consumer goods" with $ 2 billion 392 million. According to the research of MTM, exports, which were spoken in 76,464 news during the month, ranked second among the popular economy headlines of October, while imports took the sixth place in the list with 43 thousand 61 news.
Tax amnesty was on the agenda
Mehmet Muş, AK Party Group Deputy Chairman, explained the details of the tax structuring to be added to the Unemployment Insurance Law and the Law Proposal on Amending Certain Laws, which are still negotiated at the Parliament's Plan and Budget Committee. Muş said that they will present the articles related to the tax restructuring package to the Plan and Budget Committee and said, "If the Commission deems it appropriate, adds it to the law proposal and passes it through the commission, our proposal on tax restructuring will be put into the proposal." Explaining that they prepared a very comprehensive structuring package, Muş said that debts such as income tax, corporate tax, value added tax, special consumption tax, motor vehicle tax were