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Month: June 2021

From Best to Worst: Investors Are Souring on Turkey’s Markets
Categories Economy HIGHLIGHTS

From Best to Worst: Investors Are Souring on Turkey’s Markets

Güldem AtabayPosted on6 June, 2021

In just three months, the Turkish lira has gone from best to worst. The currency … Continue ReadingFrom Best to Worst: Investors Are Souring on Turkey’s Markets

The world according to Chief Economists: Full global recovery by mid-2022
Categories General

The world according to Chief Economists: Full global recovery by mid-2022

Atilla YeşiladaPosted on6 June, 2021

When can we expect a return to a post-COVID-19 economy and what must be done … Continue ReadingThe world according to Chief Economists: Full global recovery by mid-2022

Reuters:  Turkey’s banks shy away from Erdogan’s ‘crazy’ canal – sources
Categories General

Reuters:  Turkey’s banks shy away from Erdogan’s ‘crazy’ canal – sources

Atilla YeşiladaPosted on6 June, 20216 June, 2021

The craziest of President Erdogan’s “crazy projects”, Canal Istanbul ought to take start at the … Continue ReadingReuters:  Turkey’s banks shy away from Erdogan’s ‘crazy’ canal – sources

TRT World:  The ‘Turkish Model’ is resonating in Eastern Europe, and Moscow is worried
Categories General

TRT World:  The ‘Turkish Model’ is resonating in Eastern Europe, and Moscow is worried

Atilla YeşiladaPosted on5 June, 2021

PATurkey comment:  TRT World is a fully-owned subsidiary of TRT, the Turkish state-owned radio and … Continue ReadingTRT World:  The ‘Turkish Model’ is resonating in Eastern Europe, and Moscow is worried

Reuters poll:  Rally in emerging market commodity currencies to roll on
Categories General

Reuters poll:  Rally in emerging market commodity currencies to roll on

Atilla YeşiladaPosted on5 June, 2021

Emerging market strategists were cautiously optimistic that the sector’s commodity-linked currency rally would continue in … Continue ReadingReuters poll:  Rally in emerging market commodity currencies to roll on

BREAKING:  More gas from Erdogan
Categories General

BREAKING: More gas from Erdogan

Atilla YeşiladaPosted on4 June, 2021

OK, bad title. But, after a week of heavy media build-up to another ” upcoming … Continue ReadingBREAKING: More gas from Erdogan

Namik Tan:  The stakes of Biden-Erdoğan meeting; to be or not to be…
Categories General

Namik Tan:  The stakes of Biden-Erdoğan meeting; to be or not to be…

Atilla YeşiladaPosted on4 June, 2021

Mr. Namik Tan is a former ambassador, who has served in Washington DC, too.   … Continue ReadingNamik Tan:  The stakes of Biden-Erdoğan meeting; to be or not to be…

Rough start for Turkey’s tourism season
Categories Business HIGHLIGHTS

Rough start for Turkey’s tourism season

Atilla YeşiladaPosted on4 June, 2021

Tourism is vital for Turkey’s economy as it wants to lure back holidaymakers this summer … Continue ReadingRough start for Turkey’s tourism season

Real Turkey featuring Mehmet Ogutcu: World after the pandemic—where does Turkey fit in?
Categories Business Economy HIGHLIGHTS Politics

Real Turkey featuring Mehmet Ogutcu: World after the pandemic—where does Turkey fit in?

Atilla YeşiladaPosted on4 June, 2021

  For good or bad, the pandemic has accelerated numerous trends that were reconfiguring the … Continue ReadingReal Turkey featuring Mehmet Ogutcu: World after the pandemic—where does Turkey fit in?

Inflation, May 2021: Weak demand dominated strong cost pressures
Categories Economy

Inflation, May 2021: Weak demand dominated strong cost pressures

Atilla YeşiladaPosted on4 June, 2021

Turkey’s CPI increased by 0.89% MoM in May driving YoY CPI from 17.14% to 16.59%. … Continue ReadingInflation, May 2021: Weak demand dominated strong cost pressures

Turkish Inflation Slows Unexpectedly, Raising Rate Cut Pressure
Categories Economy HIGHLIGHTS

Turkish Inflation Slows Unexpectedly, Raising Rate Cut Pressure

Güldem AtabayPosted on3 June, 2021

Turkey’s consumer inflation rate snapped seven months of increases in May, making it harder for … Continue ReadingTurkish Inflation Slows Unexpectedly, Raising Rate Cut Pressure

Real Turkey:  Devil’s Triangle in Turkey: Mafia-State-AKP
Categories General HIGHLIGHTS

Real Turkey: Devil’s Triangle in Turkey: Mafia-State-AKP

Atilla YeşiladaPosted on2 June, 2021

    A popular crime boss, Mr. Sedat Peker is broadcasting a series of YouTube … Continue ReadingReal Turkey: Devil’s Triangle in Turkey: Mafia-State-AKP

Erdoğan offers 5 different explanations on missing $128 bln since February
Categories Economy HIGHLIGHTS

Erdoğan offers 5 different explanations on missing $128 bln since February

Güldem AtabayPosted on2 June, 2021

President Recep Tayyip Erdoğan’s statement that one doesn’t ask the central bank about funds’ fate … Continue ReadingErdoğan offers 5 different explanations on missing $128 bln since February

Lira Traders Say ‘We’ve Been Here Before’ in Turkey Rates Replay
Categories Economy HIGHLIGHTS

Lira Traders Say ‘We’ve Been Here Before’ in Turkey Rates Replay

Güldem AtabayPosted on2 June, 2021

Turkish President Recep Tayyip Erdogan’s demand for interest-rate cuts sent a brief shockwave through the … Continue ReadingLira Traders Say ‘We’ve Been Here Before’ in Turkey Rates Replay

Erdogan does it again: Dollar/TL skyrockets to 8.61
Categories HIGHLIGHTS Markets Politics

Erdogan does it again: Dollar/TL skyrockets to 8.61

Atilla YeşiladaPosted on2 June, 2021

President Tayyip Erdogan said late on Tuesday that Turkey needs to lower interest rates and … Continue ReadingErdogan does it again: Dollar/TL skyrockets to 8.61

Categories Economy HIGHLIGHTS

Turkey’s May PMI slides below 50.0 benchmark

Güldem AtabayPosted on1 June, 2021

The latest PMI® survey data from Istanbul Chamber of Industry and IHS Markit showed that … Continue ReadingTurkey’s May PMI slides below 50.0 benchmark

Turkish consumer confidence declines to 11-year low – BloombergHT survey
Categories Economy HIGHLIGHTS

Turkish consumer confidence declines to 11-year low – BloombergHT survey

Güldem AtabayPosted on1 June, 2021

Consumer confidence in Turkey fell to the lowest level since January 2010, according to a … Continue ReadingTurkish consumer confidence declines to 11-year low – BloombergHT survey

Macro Snapshot: Foreign Trade Statistics
Categories Economy General

Macro Snapshot: Foreign Trade Statistics

Cem CetingucPosted on1 June, 2021

Foreign trade deficit decreased by 33.2% YoY to US3.1bn in April and decreased by 3.2% … Continue ReadingMacro Snapshot: Foreign Trade Statistics

Haaretz: President Erdogan Should Bring Turkish Delight to His Meeting With Biden
Categories HYPED Politics

Haaretz: President Erdogan Should Bring Turkish Delight to His Meeting With Biden

Atilla YeşiladaPosted on1 June, 2021

Turkey and Israel are now facing a similar challenge. The boycott, disinvestment and sanctions movement … Continue ReadingHaaretz: President Erdogan Should Bring Turkish Delight to His Meeting With Biden

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