FinTrackr: March 2019

Tuesday, 19 March 2019

The number of contactless payments approached 1 million

The Interbank Card Center (BKM) made a written statement about the February card payment data.

According to this, the contactless technology enables easy, fast and secure payment.

According to February data, 48% of credit cards, 18% of bank cards and 55% of terminals are compatible with contactless technology. The contactless prevalence of both card side and card acceptance continues to increase rapidly.

The contactless credit card reached 32 million by the end of February, the contactless debit card reached 27.8 million and the number of our contact terminals reached 1.3 million.

Last year, contactless usage increased 1.5 times in 2017. In 2019, it is observed that contactless use continues to increase at the same rate. Approximately 1 million contactless transactions per day took place in February. In February 2018, 3.1 percent of the total Internet external physical payments were non-contact, and this rate was 6 percent this year. Contactless transaction average 33 TL is reached to the information is reached.

Contactless payment is mostly used in grocery and food industry

With the increase of the unencrypted transaction limit from 50 TL to 90 TL in March 2018, the contactless payment feature used in small-scale expenditures is now becoming easier and more widespread in retail, fuel and transportation sectors.

It is observed that users prefer the contactless payment in the market and food sectors, while various food, transportation-transportation and fuel sectors are the other sectors where contactless payments are most preferred.

If Deutsche Bank and Commerzbank are merged, more than 20 thousand people may be unemployed

C There will be serious job losses, di says Frank Bsirske, President of the Verdi Union, one of Germany's largest trade union trade unions. Bs There could be some 20,000 or more positions at stake. Almanya used.

EUROPE'S 4th BIG BANK WILL COME

The German government, Deutsche Bank, Germany's largest market share bank due to developments such as prolonged trade wars, political uncertainties, fluctuations in financial markets, increased debt level of companies, Brexit uncertainty, Italy's debt burden and weakness in the banking sector in the Eurozone. he was worried about his future and preparing the conditions for the merger of the two banks.

The German government was the biggest partner of Commerzbank after the 2008 financial crisis. With the successful completion of the merger negotiations of 2 banks, with the market value of around 25 billion euros, the 4th biggest bank of Europe will have emerged.

Monday, 18 March 2019

The dollar is falling against most major and emerging countries' currencies

The US Dollar Index, which completed last week with a downtrend, started the new week with the seller and the EURUSD rose to 1.1360 with the global regression and the gold started the week with the buyer.

Ons gold rose from $ 1,293 last week to $ 1,306 today.

In the US, despite the decrease in boreholes and the increasing stocks, Saudi Arabia announced that it would continue to cut supply, and that the oil began to rise next week.

The oil, which saw the lowest level of $ 66.35 in the day, is priced at 0.40% on a daily basis and is on the way to $ 67.50.

Today, with the decline in the US Dollar Index and the rise in stocks, most of the developing countries' currencies gained value against the dollar, while South African Rand losses were wiped out at the beginning of the day and USD / ZAR moved to the negative region on a daily basis.

The USD / TRY rate, which started at around 5.45 a day, rose to 5.45% in the last hour after rising to 5.477, and today the US dollar is declining against the dollar even though TL is limited.

Gold fell along with the rise in global equities

Gold prices fell as investors moved to risky assets, with global stocks dropping to the highest level since October, reducing interest in safe-harbor assets.

Traders will also closely monitor the Fed's policy meeting this week. Fed policymakers are expected to strengthen their stance in the form of halting interest rate hikes. According to Bloomberg's economist-based survey, the Fed will end the current rate of interest rate hikes later this year. The median of the responses to this survey, which was held on March 13-15, indicates that there might be an interest rate hike in September. A similar survey in December predicted two interest rate hikes in 2019.

Spot gold fell 0.2 percent after rising to 0.5 percent on Friday, declining to $ 1,299.34 per ounce at 13:36 Singapore time. Metal gained 0.3 percent last week.

The Bloomberg Dollar Spot Index followed a horizontal decline after a 0.2 percent decline on Friday.

"As we enter a new week, we see an increase in the risk appetite. Expectations that the Fed will continue its pigeon stance are supporting stocks," he said. According to these expectations, gold prices, in a risk-taking environment, retreated, "said the opinion.

From other precious metals, spot silver fell 0.1 percent, platinum fell 0.5 percent and palladium 0.4 percent.

Important events to be followed in the market as follows;

* In Asia, stocks moved upwards on Monday, with a positive downturn in US stocks leading to a five-month high of global stocks.

* British Prime Minister Theresa May has threatened to leave the Brexit deal in case the EU skeptics in the Conservative party she led take a step back this week and do not pledge to ratify the agreement.

* According to the US Commodity Futures Commission's weekly data, currency managers lowered the number of positions (long positions) held with the expectation of uptrend under the expectation of 6,098 to its lowest level since January 22nd with 41,774.

Qualcomm won the patent case against Apple

In the case in San Diego, the Southern California jury of local jurisdictions, Apple's iPhone 7, 7 Plus, 8, 8 Plus and X models of Qualcomm. And U.S. Pat. U.S. Pat. No. 8,535,490, issued to Apple iPhone 8, 8 Plus and X. 8633936. It was found that the patent of Noişlu was used without permission.

Qualcomm will receive a compensation of $ 31 million from the start date of the case, which will take place from 6 July 2017 until the end of the case, for the pecuniary damage suffered by Qualcomm. This amount corresponds to $ 1.41 per each device (approx. 7.7 TL).

Infringed patents support different popular smartphone features. Patent No 8.838.949 ca No-Flash Start ı allows the phone to connect to the Internet quickly after it is turned on, eliminating individual flash memory coverage areas and costs.

Patent No. 9.535.490 acts as a traffic police between the application processor and the modem, accelerating the exchange of data from the Internet of smartphone applications. Patent no 8.633.936 provides high performance and rich visual graphics for games while extending the battery life of the smartphone. These patents are located outside of the modem processors and are not mandatory for any cellular standard.

Qualcomm won another case in the patent infringement war. Over the past six months, patent courts in China and Germany have also ruled that Apple has made official decisions that violate other non-compulsory Qualcomm patents.

''Apple used it without paying.''

Don Rosenberg, General Legal Advisor and Qualcomm Technologies, made the following rating:

''The unanimous judgment was the newest victory we've made in patent cases, which we opened on Apple's use of world-class technology without paying for our valuable technologies. Qualcomm's invented technologies allow Apple to enter the market and deliver great success in such a short time. The ruling of these three patents represents only a small part of Qualcomm's valuable portfolio of thousands of patents. We are pleased that worldwide courts have rejected Apple's strategy to use our internet protocols without paying.''

Global Markets: Shares rose at the beginning of a "busy" week, the dollar declined

Global Markets: Shares rose at the beginning of a "busy" week, the dollar declined

The US has made modest increases at the beginning of a week, with index futures contracts and potentially important catalysts such as European stocks, central bank meetings, geopolitical developments and economic data. US Treasury bonds and the dollar declined slightly.

While Standard & Poor's 500 (S & P 500) and Nasdaq index futures move upwards, the Dow Jones futures report that the US Department of Transportation's 737 Max's design certificate will be reviewed by Boeing Co. shares in the pre-opening transaction with the decline fell. European equities, mining companies and Deutsche Bank AG and Commerzbank AG have been promoted under the leadership of bank shares, which found support after the green light for merger talks. In Asia, China and Hong Kong shares pioneered the rise. The pound fell after British Prime Minister Theresa May continued to confront the opposition for the Brexit plan.

Stocks are rising with expectations that the Fed may point to an interest rate increase in 2019, while volatility declines. A number of central banks, including the Bank of England, could signal monetary policy this week. On the political front, investors' attention will be transformed into developments on this issue, along with the British Prime Minister's call for support for the Brexit agreement.

AMP Capital Investors Ltd. "The stock markets moved quite sharply and rapidly at the December levels, but with the fact that global economic data is still soft, shares are sensitive to short-term withdrawals," said Shane Oliver, investment strategy manager. In the whole year 2019, profits should be supported by policy incentives.

On the other hand, oil has started to realize the highest close of four months with OPEC and its partners proposing to postpone the decision to prolong production cuts until June. Emerging market currencies and stocks rose.

Important events to be followed in the market;

* Some major companies, including FedEx, China Telecom, Tencent, Porsche, BMW, Hermes, Tiffany, Micron, Nike and PetroChina, will announce their profits.
* Fed's meeting this week, interest rates are not going to change, the balance sheet narrowing program and announced that this year's interest rate cuts are expected to reduce projections. The decision will be announced on Wednesday.
* Central banks of Thailand, the Philippines and Indonesia will hold policy meetings.
* In the Eurozone, the data of the purchasing managers index, which will be announced on Friday, will signal the status of industry and services sectors at the end of the first quarter of the region.

Stocks

* The Stoxx Europe 600 Index was up 0.1 percent above the New York time at 08:02.
* S & P 500 index futures contracts rose 0.1 percent.
* In the UK, the FTSE 100 Index climbed 0.6 percent.
* In Germany, the DAX Index realized the biggest drop of more than a week with 0.3 percent.
* The MSCI Emerging Market Index climbed to the top of the seven-month high with a 1 percent rise to one-week high.
* MSCI Asia Pacific Index climbed 0.9 percent to the peak of three weeks.

Currencies

* Bloomberg Dollar Spot Index fell 0.1 percent to a two-week low.
* Euro rose by 0.3 percent against the dollar, climbing to 1.1356, the highest level of over two weeks.
* Sterling fell 0.2 percent against the dollar fell to 1.3263 level.
* Japanese currency fell 0.1 percent to 1.3263 against the dollar.

Bonds

* The US 10-year bond yields rose by 2 basis points to 2.61 percent year-on-year.
* Germany's 10-year bond yields climbed by 2 basis points to 0.10 percent, the highest level for more than a week.
* England's 10-year bond yields rose slightly from a base to 1.214.
* Italy's 10-year bonds with the interest rate of five basis points to more than a week, the biggest decrease of the lowest level of 2.445 percent of the last 10 months.

Commodity

* Western Texas oil (WTI) rose 0.1 percent to $ 58.55 a barrel.
* Gold rose 0.2 percent to $ 1,305.18 an ounce.

Turkey's net deficit was 367.5 billion dollars UYP

Turkey's foreign assets of 240.1 billion US dollars in January, foreign liabilities of 607.6 billion dollars were realized

Turkey's foreign assets of 240.1 billion US dollars in January, foreign liabilities of 607.6 billion dollars were realized.

Central Bank of Turkey (CBT) International Investment Position for the period January 2019 by (UYP) announced the date.

Accordingly, as of the end of January, Turkey's foreign assets, an increase of 2.5 percent compared to the end of 2018 to $ 240.1 billion, an increase of 607.6 billion dollars in liabilities rose to 3.1 percent.

Thus defined as the difference between liabilities and foreign assets in Turkey and is minus 355.3 billion dollars at the end of 2018. What UYP stood at minus 367.5 billion in January.

During this period, when assets sub-items were analyzed, reserve assets amounted to USD 96.8 billion, with an increase of 4 percent compared to the end of 2018, while other investments item increased by 2.3 percent to USD 91.1 billion. Among other sub-items, banks' foreign currency and Turkish lira denominated deposits and deposits increased by 6.7 percent to $ 47.7 billion.

Emerging countries' currencies rose before the Fed meeting

Emerging countries' currencies rose before the Fed meeting

The Fed's ruling on Wednesday's currencies rose under the leadership of South Korean won and Indian rupee.

Bloomberg Dollar Spot Index was unchanged at 1.192.23 while MSCI AC Asia Pacific Index increased by 0.7% to 160.06.

In China, the onshore yuan was 6.7138 with a horizontal course, while the offshore yuan was traded at 6.7164. 10-year bond interest rate fell by 2 basis points to 3.14%. South Korea won the first day in four days with the return of investors to Asian markets. Won was trading at 1.132.25 with a 0.4% increase, while the 10-year bond rate was flat at 1.99%.

The Indian rupee went up to the highest level of more than 7 months with the introduction of local assets and the narrowing of the trade deficit. Rupee traded at 68.60, an increase of 0.7% against the dollar.

Indonesian rupees have also increased signals of increasing portfolio flows. 10-year bond interest rate fell by 4 basis points to 7.73%.

The Thai baht increased by 0.1% to 31.651, while the 10-year bond interest rate decreased by 2 basis points to 2.53%. The Malaysian Rings rose for the first time in 4 days. Ringit increased by 0.2% to 4.082, while 10-year bond interest rate stood at 3.86%.

The Philippine peso was flat before the Central Bank's decision this week. Taiwan dollar increased by 0.2%, 10-year bond interest rate was 0.79%.

Goldman: The CBRT may support TL by not changing interest rates in April

Goldman Sachs strategists of the Central Bank of Turkey (CBT) were found in the assessment of the April policy toplants.

Erken The market is still worried about early expansion, erken notes Zach Pandl's strategists. Therefore, the decision to keep interest rates fixed in April will send a positive signal to the market and support the lira. Bu

CBRT, which raised the policy rate to 24 percent in September of last year, will go to the monetary policy meeting on April 25th.

Fidelity will pay $ 43 billion for Worldpay

US-based financial services giant Fidelity National Information Services Inc. (FIS) will buy Worldpay Inc., an online payment processing company, for $ 34 billion in cash and equity.

The agreement will be the biggest deal in the international payment sector.

According to a statement released by the two companies on Monday, Florida-based Fidelity's debt to Worldpay is also $ 43 billion.

The current shareholders of FIS will have about 53 percent of the company after merger, and 47 percent of Ohio-based Worldpay investors.

Worldpay investors will receive $ 11 and 0.9287 FIS in cash per share. FIS shares closed last week at $ 112.12. Worldpay's US-traded shares closed on Friday at $ 98.68.

According to the Boston Consulting Group and Swift's report, the total turnover of the payments sector is expected to reach $ 2.4 trillion by 2027.

Istanbul has left behind 131 countries with its population

Turkey's most populous city of Istanbul, with a population of 15 million 67 thousand 724 people left behind 131 countries.

AA correspondent, Turkey Statistics of the United Institutions Nations Population Fund (UNFPA), based on a compilation of his data was created in 2018 at 82 million 3 thousand 882 people reached Turkey's population of Istanbul to 18.4 percent of the population.

Istanbul's population increased by 907 thousand 257 people in 5 years. In this period, population increased by 6.4 percent to 15 million 67 thousand 724 people in Istanbul, out of 204 countries out of 131 countries.

Countries like Belgium (11.5 million), Greece (11.1 million people), Austria (8.8 million), Switzerland (8.5 million people) and Bulgaria (7 million people) are lagging behind Istanbul.

US Deputy Secretary of Defense: Our plan to reduce troops in Syria

"We are working closely with the Turks. They are a strategic partner. More importantly, our plan to reduce our forces is being handled in Syria, ım said Patrick Shanahan, US Deputy Secretary of Defense. said. Shanahan met with the French Defense Minister Florence Parly at the US Department of Defense.

"Crown Prince's powers reduced claim"

Saudi Arabia's Crown Prince Mohammed bin Selman's claims that he had a hard time was reflected in the press. According to the British newspaper The Guardian, Saudi King Selman bin Abdulaziz took away a series of powers of his son Muhammad. At the beginning of this power, Prince Selman's decision to limit the decision on economy and finance is coming.

Statement by Süleyman Soylu: We complete in May

Interior Minister Süleyman Soylu: "Now the terrorists will not be able to leave their heads to walk in the mountains." said.

"Turkey is playing a big game on. Let's not know anyone in this hometown. " said.

France’s Message for Capitalism Is Quite Simple: Adapt or Die

France is sounding an alarm for the world’s advanced economies: capitalism is tearing them apart.

President Emmanuel Macron and his Finance Minister Bruno Le Maire are using France’s presidency of the Group of Seven to argue that the system fuels inequality, destroys the planet and is ineffective at delivering goals in the public interest. The country has already experienced some of the fallout firsthand in the Yellow Vest movement that erupted late last year.

FRANCE-POLITICS-PARLIAMENT-GOVERNMENT — Bruno Le Maire on March 13.

Photographer: Thomas Samson/AFP via Getty Images

They’re pushing a reinvention that includes minimum global taxes and higher levies on tech giants like Amazon and Facebook. There are echoes of that in the self-proclaimed democratic socialists in the U.S. and firebrand Congresswoman Alexandria Ocasio-Cortez, who last week said “capitalism is irredeemable.”

“If we don’t invent a new capitalism, absurd economic solutions will win over and sweep us straight into recession,’’ Le Maire said in an interview late last month.

Netanyahu Seeks Trump Bump as He Brings Re-Election Bid to U.S.

Donald Trump has spent two years showering Benjamin Netanyahu with precious political gifts, from the Jerusalem embassy move to his exit from the Iran nuclear deal. With a close-run election looming, the Israeli leader needs him more than ever.

Netanyahu travels to Washington next week with a corruption scandal hanging over his bid for re-election on April 9. For the first time in a decade, his fragile coalition could fall to a center-left bloc led by ex-military chief of staff Benny Gantz.

Netanyahu’s officially coming for the AIPAC conference, an annual pro-Israel policy gathering that’s become a key stop for political leaders, but his visit will serve up excellent campaign optics back home. He’s certain to be photographed meeting President Trump while his speech, delivered in his American-accented baritone, will get plenty of airtime in Israel.

New Zealand Massacre Video Resurfaces in Erdogan's Campaign

Footage of the New Zealand mosque shootings that was pulled down by Facebook, YouTube and other social media platforms has resurfaced as a campaign prop in Turkey.

President Recep Tayyip Erdogan screened a montage of videotaped snippets from the attack on Muslim houses of worship in an apparent attempt to galvanize his pious, conservative base ahead of March 31 local elections. At televised rallies in Istanbul and Tekirdag to the west, he showed blurred fragments of suspected attacker Brenton Tarrant’s online manifesto and his livestream from the massacre in Christchurch, New Zealand, which claimed the lives of 50 people.

The suspected attacker, who ranted about Turkey in his manifesto, “targeted Turkey and me,” Erdogan said. The Turkish leader then pivoted to assail the leader of Turkey’s main opposition CHP party, Kemal Kilicdaroglu, who was shown in the campaign video, for talking about “terrorism rooted in the Islamic world.”

A CHP spokesman denounced Erdogan for trying to make political capital out of the killings. “Is it worth showing this bloody massacre in order to gain a few more votes?” Anadolu news agency cited spokesman Faik Oztrak as saying on Sunday.

Erdogan invoked anti-Muslim sentiment to prod his devout supporters to close ranks at the polls amid an economic slump that’s taking a toll on the nation of 82 million. Turkey’s economy entered a technical recession last year following a crash in the lira that also sent inflation to more than five times the official target of 5 percent.

In his manifesto, Tarrant railed that Turks must get out of the country’s European sector, vowing to “kill you and drive you roaches from our lands.”

“We are coming for Constantinople and we will destroy every mosque and minaret in the city,” which will be “rightfuly Christian-owned once more,” he said, referring to modern-day Istanbul.

Tarrant twice visited Turkey for a total of 43 days in 2016, Erdogan said, vowing to “uncover the connection soon.”

iOS 13 update will get iPhones became clear

Apple's new iOS update is eagerly awaited by many users. IOS 13, which is frequently brought to the agenda with the support of dark mode, will bring many innovations together. New developments related to the iOS 13 release, which is expected to be introduced in WWDC 2019 event from June 3-7, may upset some users. Which iPhone models will the iOS 13 update be given?

While Apple has not yet provided an official release, reliable sources have reported that some important models will not be available with the iOS 13 update. According to the Internet leakage, iPhone 5c, iPhone 5S, iPhone 6, iPhone 6 Plus and iPhone 6S models are among the models that will not receive the iOS 13 update. Considering that these models are used extensively worldwide, Apple may also have a strategic move to a new upgrade.

The financial sector is fleeing the UK

The financial sector is fleeing the UK.

According to New Financial's report, since the EU referendum of banks, asset management and insurance companies in the UK, it has brought about £ 900 billion worth of assets from the UK to EU countries.

According to the London-based think tank New Financial's report, the UK banks have moved the EU from around 800 billion pounds to the EU since the EU referendum, which resulted in the UK's departure from the EU (Brexit).

As for the asset management companies in the UK, it has been reported that Brexit has so far moved £ 65 billion from the country and the insurance companies have a £ 35 billion worth of assets to EU countries.

It has been reported by the think-tank's report that some 275 companies in the UK have taken part of their operations out of the UK due to Brexit.
Companies from the United Kingdom to the alternative cities in the EU, most of Ireland's capital, Dublin, said that preferred.

In the report, it was reported that up to this time, one hundred companies from the UK moved their operations to Dublin, 60 companies to Luxembourg, 41 companies to Paris, 40 companies to Frankfurt, 32 companies to Amsterdam.

It was emphasized that the companies in the UK are expected to move about 5,000 employees to their subsidiaries in EU countries in the future.

"The businesses will continue to shift towards the EU in London. The activities of the companies will mostly be carried out through their local subsidiaries in the EU," said William Wright, Director of New Financial. used expressions.

Lastly, Barclays, one of the leading banks in the UK, took action to move the 160 billion pounds of assets of its customers out of the country.

The bank applied to the British High Court to transfer the amount to the bank's affiliate in Dublin.

According to Bloomberg International, its sources are based on Deutsche Bank's 400 billion euros, JP Morgan's 200 billion euros, Goldman Sachs 60 billion euros, Citigroup's 50 billion euros, and Morgan Stanley worth 40 billion euros in London. from Frankfurt to Frankfurt.
The financial sector in the UK accounts for about 12 percent of the country's economy. About 700,000 of the 2.2 million financial sector employees are in London. According to data from the House of Commons, the annual contribution of the UK's financial and insurance services to the national economy is around £ 126.9 billion.

Housing sales fell 18.2% in February

Housing sales in Turkey decreased by 18.2% compared to the same month of the previous year in the month of February 2019 was 78 thousand 450.

According to TurkStat data, home sales in Turkey decreased by 18.2% compared to the same month of the previous year in the month of February 2019 was 78 thousand 450.

In the housing sales, İstanbul had the highest share with 14 thousand 462 house sales and 18.4%. According to the number of sales, Istanbul was followed by İzmir with 7,790 housing sales and 9,8% share, and İzmir with 4,403 housing sales and 5,6% share. The provinces with low housing sales were Hakkari with 5 residences, Ardahan with 12 houses and Bayburt with 22 houses, respectively.

Mortgage sales decreased 68.2%

Across Turkey mortgage sales showing a decrease of 68.2% compared to the same month of the previous year was 8 thousand 890. The share of mortgage sales in total house sales was 11.3%. In mortgaged sales, İstanbul ranked first with 724 house sales and 19.4% share. Ardahan has the highest share of mortgage sales in total housing sales with 25%.

As a result of other sales types, 69 thousand 560 houses have changed hands

Other housing sales across Turkey increased by 2.2% compared to the same month of the previous year was 69 thousand 560. In other home sales, Istanbul ranked first with 12 thousand 738 house sales and 18.3% share. The share of other sales in total home sales in Istanbul was 88.1%. Ankara was the second with 6 thousand 648 other house sales. Ankara was followed by İzmir with 3 thousand 851 houses. The province with the lowest housing sales was Hakkari with 5 houses.

32 thousand 648 houses were sold for the first time in housing sales

Turkey compared to the same month of the previous year, the number of homes sold decreased 25.3% for the first time in general was 32 thousand 648. The share of the first sale in total housing sales was 41.6%. In the first sales, Istanbul had the highest share with 6 365 house sales and 19.5%, while Istanbul was followed by Ankara with 2 thousand 527 houses and İzmir with 1 800 houses.

45 thousand 802 houses have changed hands in second hand housing sales

Turkey in the second-hand housing sales 12,3% decrease compared to the same month of the previous year was 45 thousand 802. In the second hand house sales, Istanbul was the first with 8 thousand 097 housing sales and 17.7% share. The share of second hand sales in total home sales in Istanbul was 56%. Ankara was the second with 5 thousand 163 houses. Ankara was followed by İzmir with 2 thousand 603 houses.

3 thousand 321 houses were sold to foreigners

Housing sales to foreigners increased by 92.1% compared to the same month of the previous year and became 3 thousand 321. In February 2019, Istanbul ranked first in the home sales to foreigners with a sales price of 1 440 houses. Istanbul was followed by Antalya with the sale of 672 houses, Ankara with 196 house sales, Bursa with 192 houses and Yalova with 138 houses.

According to the nationalities, most of the houses were sold to Iraqi citizens.

6,4 Million Pounds Bonus to Those Who Reported Tax Abductors

In the scope of the fight against tax loss and leakage, significant support was received from the citizens, and a total of 6.4 million pounds were paid to 391 people who reported tax evaders last year.

391 people who reported tax evaders last year paid 6.4 million pounds.

According to information collected from the Revenue Administration (GİB) data, the number of those who reported tax evaders last year was 391. In 2017, the number of people who reported the tax abductors was 454.

10% of the final tax is paid to people who are notified correctly, while the last year, the bonus payment to those who made a notice of 6 million 396 thousand 266.

The amount paid by the Presidency amounted to 12 million 870 thousand 4 pounds in 2017, 240 informants in 2016 3 million 142 thousand 130 pounds, in 2015 338 informers 6 million 45 thousand 626 pounds, in 2014 296 informers 6 million 202 thousand 554 pounds notice the jackpot.

Thus, in the last 5 years, 719 people who reported the tax abductors were paid a total of 34 million 656 thousand 580 pounds.

On the other hand, the total number of notifications received in 2018, 41 thousand 391'i found. Efforts are being made to receive notifications of notifications from a single center through the Tax Communications Center and to monitor the results.

2 Banks are on Track

2 Banks are on track

Jörg Eigendorf, Head of Communications, Germany's largest bank, Deutsche Bank, said they would realize that merger with Germany-based Commerzbank would be economically meaningful.

Jörg Eigendorf, Head of Communications at Deutsche Bank, told reporters in Frankfurt that the talks with Deutsche Bank on the merger of Commerzbank were discussed.

"We will do the merger with Commerzbank only when it is economically meaningful. This is important to us." Eigendorf said that there is a need for a plan, especially an integration plan.

Eigendorf said that they are evaluating this with Commerzbank, the preliminary talks between the two banks made the end of the open, they will make a decision when the result said.

Eigendorf emphasizes that the preliminary talks would take time, "comes before speedyness." said.

Eigendorf said that Deutsche Bank, a leading bank in Germany and Europe, is a global bank and will remain so, and that it can expand its leadership position with Commerzbank.

In recent months, German media reported that the government was looking for ways to facilitate the merger between Deutsche Bank and Commerzbank.

German press, Christian Sewing, Chairman of the Board of Deutsche Bank, and Martin Zielke, Commerzbank Chairman of the Board of Directors, met last week to discuss the merger, Deputy Prime Minister and Finance Minister Olaf Scholz said that the two German banks had been negotiating for the merger. confirmed.

The German government, Deutsche Bank, has the largest market share in Germany, due to developments such as prolonged trade wars, political uncertainties, fluctuations in financial markets, increased debt level of companies, Brexit uncertainty, Italy's debt burden, Eurozone banking sector weakness. worries about the future.

Previously, the merger of two banks came up, but the negotiations had failed. While the momentum of the growth of the German economy and the situation of the Italian banking sector were in the middle, it was expected to make radical decisions for the German bank this year.

In recent months, the German government has increased its support for the merger of two banks after these developments.

If the two banks merge, their total assets will be the second largest bank in Europe after HSBC Holdings and France's BNP Paribas.

Developments in technology bring new players to the banking sector, while more than 800 banks including regional and foreign banks operate in Germany, all of which are trying to capture Deutsche Bank's share in the market. If the two banks merge, they will have a client base that will enable them to be one of the five individual customers in the country to be theoretically profitable.

The merger of Deutsche Bank and Commerzbank is expected to support the export-oriented German economy, reduce costs and bring competition with the US and UK-based international banks, while according to some experts, the bank will become bulky due to its size.

Deutsche Bank announced a 409m-euro loss in the fourth quarter of last year, while Commerzbank announced a profit of 113m euros. The shares of the banks discussed in the future are at the lowest level in the last 10 years.

If the merger of Deutsche Bank with Commerzbank, one of the smaller banks of Germany, is not successful, then the German government's capitalization with private investors and the significant shrinkage of the bank's assets and activities are also alternatives.

Saturday, 16 March 2019

The budget posted a deficit of 16.8 billion TL in February

The Treasury and Finance Ministry announced the budget implementation results for February 2019.

Accordingly, budget revenues increased by 9.7 percent in February compared to the same month of the previous year, 67 billion pounds, budget expenditures increased by 33.2 percent recorded as 83.7 billion pounds.

Budget revenues in the January-February period increased by 37.5 percent compared to the same period of the previous year, 163.9 billion pounds, budget expenditures increased by 47 percent was 175.6 billion pounds.

Thus, the central government budget, 16.8 billion pounds in February, in the January-February period gave a deficit of 11.7 billion pounds.

Accordingly, in 2019, central government budget expenditures foreseen for 960 billion 976 million pounds, in February, 83 billion 737 million pounds were spent. In the same month of the previous year, 62 billion 888 million lira was spent.

Last month, 693 million liras was spent for the non-interest budget expenditures and 8,2 percent of the 843 billion 659 million TL appropriation was spent. In February, personnel expenses increased by 33 percent compared to the same month of the previous year, while 20 billion 122 million lira, while the budget for personnel expenditures, 247 billion 303 million TL appropriation was used 8.1 percent of appropriation.

State contributions to social security institutions increased by 35 percent in February compared to the same period of the previous year to 3 billion 516 million pounds and budget allocated 43 billion 375 million TL appropriation was used 8.1 percent.

In the said period, 8.1 percent of the 67 billion 551 million TL appropriation foreseen in the budget for the purchase of goods and services was spent. In this month, 5 billion 482 million TL of goods and services were realized by an increase of 13.7 percent.

Current transfers increased by 28.6 percent in February, compared to the same month of last year was 35 billion 69 million pounds. 9 percent of the 391 billion 337 million TL appropriation foreseen in the budget was used. Last month, 13 billion 829 million pounds were transferred for health, retirement and social aid expenditures. The amount of the transfer to the Treasury for the payment of 5 percentages in employer's social security premium was 527 million TL.

Agricultural support payments included in current transfers amounted to 4 billion 955 million liras, and shares of local administrations were 6 billion 493 million liras. In February, capital expenditures of 2 billion 326 million liras and capital transfers amounted to 871 million liras. Lending expenses was 1 billion 646 million pounds. Interest expenditures increased by 120.7 percent compared to the same month of the previous year and recorded as 14 billion 704 million TL.

- Budget proceeds

In February of the previous year, budget revenue of 61 billion 14 million pounds, in the same month of this year, increased by 9.7 percent to 66 billion 962 million pounds was realized. Tax revenues collection increased by 9.4 percent in this period, 57 billion 499 million pounds was.

General budget non-tax revenues increased by 29.9 percent, 7 billion 7 million pounds was calculated. The revenues of the special budget administrations were 1 billion 451 million TL and the revenues of the regulatory and supervisory agencies were determined as 1 billion 5 million TL.

According to tax types, in February, bank and insurance transactions tax increased by 29.4 percent, income tax by 24 percent, stamp duty by 21 percent, corporate tax by 19.7 percent and special consumption tax increased by 5.5 percent. taxes decreased by 19.5 percent, fees by 13.2 percent and value added tax by imports decreased by 1.5 percent. The collection of other taxes rose by 6.1 percent.