Related Keywords: decline in rouble value, high quality and cheap price textile found, Laleli famous for clothing exports, Laleli Industry and Business Association, lots of textile stores, Russia sanction, Russian buyer, traders faced sixty percent lost of revenue, traders seek other markets like Iran or African countries, Turkish goods become more expensive
Laleli, located in Istanbul famous for clothing exports has lots of stores which are mostly textile stores where very high quality and cheap price textile are found. Due to decline in the rouble’s value in the past year, the traders had already lost 60 percent of the revenue. Not only that the slump made Turkish goods more expensive for Russian buyer, said the head of Laleli Industry and Business Association, Giyasettin Eyyupkoca.
