News Summaries from Last Week - November 2nd

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News Summaries from Last Week - November 2nd
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Public banks lowered loan interest rates
 “Ziraat Bank”, “VakıfBank” and “Halkbank” made a joint statement. According to the statement made by three Turkish Public Banks; As of October 22, corporate loan interest rates will be reduced by up to 200 basis points. Banks stated that the interest rate cut will be based on the product and maturity structure.

Turkey's October export figures announced
Compared to the previous year, exports increased by 33.9 percent in the January-October period. Thus, the exports of this period amounted to 181.8 billion dollars.

Central Bank raises inflation forecast
Turkey's Central Bank raised its inflation forecasts. Accordingly, the 2021 inflation forecast increased from 14.1 percent to 18.4 percent. The year-end inflation forecast for 2022 rose from 7.8 percent to 11.8 percent.

Military coup attempt in Sudan
 In Sudan, a group of soldiers detained Prime Minister Abdullah Hamduk. The soldiers also detained the leaders of coalition government partner parties.

Ministry of Agriculture and Forestry launched Food Inspection
 The Ministry of Agriculture and Forestry launched a Food Inspection throughout Turkey. Thousands of businesses will be inspected during the 4-day inspection.

The name of the Ministry of Environment and Urbanization has been changed
 The name of the Ministry of Environment and Urbanization was changed with the Presidential Decree. The new name of the Ministry was: Ministry of Environment, Urbanization and Climate Change.

World record from Şahika Ercümen
Turkish national athlete Şahika Ercümen dived 100 meters in the variable weight category without pallets in Antalya. Ercümen broke the world record.

Turkey celebrated the 98th anniversary of the Republic
 The Republic of Turkey was founded on October 29, 1923. The anniversary of Turkey's founding is celebrated as a feast on October 29 of every year. This year was celebrated with joy all over Turkey.

G20 Leaders' Summit held in Rome
The G20 Leaders' Summit started in Rome, the capital of Italy. Leaders, "Global Economy and Global Health" session were held on the first day of the summit. In his session, he discussed the economic recovery during the coronavirus pandemic, the coronavirus vaccination campaign, and health developments in the coronavirus pandemic.

Three ex-chairmen of the CHP filed a criminal complaint against President Erdoğan
Former Republican People's Party (CHP) leaders Altan Öymen, Hikmet Çetin and Murat Karayalçın filed a criminal complaint against President Erdoğan together with his lawyers, former Istanbul Bar Association President Turgut Kazan. The reason for the criminal complaint is that Erdoğan showed the video of the lynching attempt against CHP Leader Kılıçdaroğlu at the Justice and Development Party (AK Party) meeting. Former leaders of the CHP argued  it meant "instruction".


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