Turkey business confidence falls amid FX volatility

Apr 29th 2015 | Europe
  • 85% of senior treasury and finance professionals in Turkey said they feel less confident about their business’s prospects in the next year
  • 93% are also less confident about Turkey's economic prospects for the year ahead

21 APRIL, 2015 Istanbul, Turkey - The vast majority of senior treasury and finance professionals in Turkey said they feel less confidence about their business's prospects for the next year. Eighty-five per cent answered 'no' to the question 'Compared to last year, do you feel more confident about your business’ prospects in the next year?'

An even higher proportion – 93% – also said they were less confident about Turkey's economic prospects for the year ahead.

These were the key findings of the 'Treasury Verdict' live audience poll, taken at EuroFinance's 11th annual conference on Cash, Treasury & Risk Management in Turkey, held in Istanbul. The session is sponsored by BNP Paribas.

“Although there was pervasive pessimism from the corporates, confidence is being hit by currency volatility and domestic uncertainty,” says Katharine Morton, editorial director at EuroFinance. “However, Turkey's economic fundamentals remain good in the longer term and we remain cautiously optimistic.”

Notes for Editors

Members of the audience took part in the poll which was conducted at EuroFinance’s 11th annual conference on Cash, Treasury & Risk Management in Turkey, held in Istanbul, Turkey, on 20-21 April 2015. The 'Treasury Verdict' voting session takes place in a live auditorium of conference delegates from the financial and treasury professions.

About EuroFinance

EuroFinance is the leading global provider of conferences, training and research on cash management, treasury and risk. Running more than 50 events worldwide, EuroFinance enables treasurers and CFOs to exchange innovative strategies, best practice and expert opinion.

EuroFinance has a unique insight into the trends and developments in cash management and treasury, and an unrivalled global viewpoint. EuroFinance is an Economist Group business.

For more information, please visit www.eurofinance.com

Contact us

For enquiries, please contact:
Katharine Morton, Editor at EuroFinance
katharinemorton@eurofinance.com

www.eurofinance.com/LinkedInTurkey

 @EuroFinance #EuroFinance

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