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Prof. Dr. İsmail Bulmuş, Lecturer at Izmir University of Economics, Department of International Trade and Finance, stated that the increase in exchange rates in the coming months would be noticed more clearly on the producer and consumer price indices.   
Prof. Dr. Bulmuş reviewed the Producer Price Index (PPI) and Consumer Price Index (CPI) announced by Turkish Statistical Institute (TÜİK) and stated, “We have yet to see the exchange rate volatility in Producer Price Index. Exchange rates experienced a change since June. 1 US$ increased from 1.80TL to 2.05 TL. The rates are reflected to prices gradually. The minimum period is 3 months, however, there is a reflection period ranging from 6 to 9 months. Therefore, this modest increase of PPI should not be deceptive. In the coming months, we will be observing a more serious volatility in PPI at a larger scale.”

As the regulations, regarding limiting instalment payments via credit cards, are expected to go into effect before the new year, it is reported that some 325 thousand 179 people failed to pay their credit card debts in the first six months of this year. The experts state that the current account deficits cause for restraints in individual credits. While Turkey’s current account deficit totalled up to 3 billion 281 million USD in September, it reached 59 billion 135 million on a yearly scale.

Izmir University of Economics (IUE) is expanding the horizons of its students with second foreign language education. Tunç Tatlıcı, who chose Italian as a second foreign language during his associate studies at IUE, completed his undergraduate education in Italy where he was awarded a scholarship. Tatlıcı shared his success with IUE academicians.

The experts approach the agreement, signed between Iran and America, England, France, Russia, Chia, and Germany, the permanent members of the United Nations Security Council, to curb the Iranian nuclear programme, cautiously, and see the good mood between the parties as a “test of trust”. 

According to the sectoral confidence indices by Turkish Statistical Institute (TUIK), confidence for services, retail trade and construction sectors decreased. The confidence index which was 103.5 for services, 103 for retail trade and 78.3 for construction sectors in previous month became 99.6, 98.2 and 77.1 respectively. Prof. Dr. Ayla Oğuş Binatlı, Head of Department of Economics, Izmir University of Economics, evaluated TUIK data and indicated that the decrease in retail trade and services sectors confidence indices were striking.

Students of Izmir University of Economics, Faculty of Health Sciences got acquainted with human bodies at The Human Body Exhibition. The students toured the exhibition where more than 200 human tissues (intact and dissected) were displayed, and witnessed an anatomy class. The students had a chance to observe the damages caused by smoking, obesity, and neglect of body in all transparency.

Designers who got inspired by the movie, “Woman on the Verge of a Nervous Breakdown” by world famous Spanish Director Pedro Almodóvar, added a new dimension to the visual communication campaign of the film with their workshop. Turkish and Spanish academicians worked together to come up with a trailer, posters, and promotional products for an imaginary film.

Izmir University of Economics is leading the way for its graduates. Life of Mustafa Kaynakcı, who is in the souvenir business in historical Kemeraltı bazaar, was reshaped when he completed Executive MBA Program at IUE. Kaynakcı used his training and created “I love İzmir” brand souvenirs, and satisfied a need in that sector. Kaynakcı is offering souvenirs especially for cruise tourists visiting Izmir.

Izmir University of Economics (IUE) Faculty of Law has been authorized by the Ministry of Justice to train arbitrators especially to resolve commercial disputes.   Disputes between parties will be resolved by ‘arbitrators’ trained at IUE Faculty of Law; the burdens of the courtrooms will be reduced.

Turkish scientists shaped the US health system with the patents they obtained. Assoc. Prof. Dr. Mehmet Süleyman Ünlütürk, Vice Dean of Izmir University of Economics Faculty of Engineering and Computer Sciences, and Lecturer at Department of Software Engineering,   reduced the workload of US nurses, and helped them attain a fair work system through 3 different software programs he developed on behalf of American “General Electric” company. He also developed a system that allows access to emergency patients’ information only by nurses.