Cracks in the head of Turkey. Companies go bankrupt and investments flee and go into debt quickly.

Incapacity of the stimulus plan to make the exchange and foreign exchange markets fluctuate

While foreign investment in Turkey has declined significantly over the last year (2018), the Turkish Central Bank has reported net profit of 56.3 billion Turkish lira ($ 10.7 billion) over the last year (2018). of the same year.

While official data from the Central Bank of Turkey and other government institutions showed a decline in the value of foreign direct investment reaching the country by about $ 6.5 billion in 2018, a drop of 12 , 8% compared to 2017, which represented a foreign direct investment of about $ 7.5 billion; In Turkey, its lowest level since 2010, recording about $ 6.25 billion that year.

According to a statement from the Central Bank of Turkey (CBK), net profit has increased by more than 200% in one year, reaching 18.4 billion rupees (4.8 billion dollars) in 2017, with assets of 137 , $ 2 billion, up 13.2%.

According to the Middle East newspaper, London, foreign investment in Turkey during the year 2016 amounted to about $ 12.07 billion, compared with about $ 8.6 billion in 2015 and $ 10.5 billion in 2014, according to statistics from the Central Bank and Turkey.

The bank 's gold holdings amounted to 488.5 tons, worth $ 20.1 billion at the end of the year. The exchange rate of the Turkish lira against the dollar rose to 5.26 at the end of last year, against 3.80 lira to the dollar by the end of 2017.

Turkey ranks 43rd in the world, according to Doing Business 2018, an annual report from the World Bank's business department assessing the performance of 190 economies in terms of ease of doing business.

The Turkish government announced in September a package of measures to boost foreign investors, including the relaxation of financial and investment standards required to allow foreign nationals to acquire Turkish citizenship, but Investment environment in Turkey is still not stimulated by the fluctuation of the currency markets and the decline of currencies.

Turkey has experienced economic difficulties that culminated last August. The lira fell to a low level, losing 47% of its value to 7.24 lira for a dollar in the context of a diplomatic crisis with the United States and its impact on various economic indicators such as unemployment, inflation, production and consumer confidence.

The Turkish Ministry of Finance and Treasury announced that the total debt of the country as of January 31, amounted to billions, 98 billion and 100 million pounds (about 220 billion dollars), of which 586.2 billion in Turkish currency and 511.9 billion in foreign currency.

Turkey's total internal and external central government debt stood at 876 billion and 500 million lire at the end of 2017, while the total debt amounted to 243.1 million. billion lire at the end of 2012.

Moreover, and as a continuation of the series of bankruptcies of large companies, a Turkish court rendered a decision on the bankruptcy of the company, "Olswi", one of the oldest companies of transport between cities in Turkey, after a period of three months granted by the court to the company to resolve the situation after requesting the settlement of the bankruptcy on 23 November. The Court granted them additional time.

It is the second largest passenger transport company officially declared bankrupt a month after the company Bamouk Qal & # 39; a, declared bankrupt on January 24, a transport company that organizes flights between Turkish cities since 57 years.

Turkish companies can apply for a bankruptcy settlement to protect themselves from bankruptcy and the seizure of their property, which means that the bankruptcy will be temporarily postponed until repayment of the debt within three months. the company is protected by a court order and no seizure is taken. Companies must pay half of their debt to accept their claim.