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Construction activities will be further suppressed

Turkey Union of Contractors (TMB), the implementation of the economic program, which is essential in the financial and monetary tightening measures, which will slow down construction activity signals further pressures in the short to medium term; the sector should be supported against the upward trend in foreign exchange and interest rates.

Under pressure from the United States, the under-pressure dollar / US dollar rallied around 4.93 today after the rejection of US lodging priest Andrew Brunson's objection to house arrest yesterday. USD / TL from the inside since Christmas election uncertainty, geopolitical risks and foreign currency debt, which is concerned with the 30 percent rise in Turkey's economy and for the companies that use imported inputs into a difficult.

The TMB pointed out the importance of market conditions in terms of the course of infrastructure projects with high financing needs, but pointed out that there is an upward trend in foreign contracting services.

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