The Turkish Lira

The Turkish Lira

Over the past fifteen years, the Turkish currency, the Turkish Lira (TRY *) depreciated considerably against the US dollar and the Euro. During this period, inflation was Turkey’s main economic challenge. The hyperinflational periods which plagued Turkey in the...
Turkish Hierarchy

Turkish Hierarchy

If you are used to an “Anglo-American” business culture, the Turkish hierarchy will almost certainly be the biggest difference in working style you will experience. Whilst employees of a big firm or government office may well be good friends outside the office, it is...