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Month: May 2022

Turkey’s 1Q22 GDP growth at 7.3 percent- inflation surge speeds up consumption
Categories Economy HIGHLIGHTS

Turkey’s 1Q22 GDP growth at 7.3 percent- inflation surge speeds up consumption

Güldem AtabayPosted on31 May, 2022

Turkey’s annual economic growth for 2Q22 is 7.3 percent  led by consumer spending and exports. … Continue ReadingTurkey’s 1Q22 GDP growth at 7.3 percent- inflation surge speeds up consumption

Nordics must change laws to meet Turkey’s NATO demands: Minister
Categories General HIGHLIGHTS Politics

Nordics must change laws to meet Turkey’s NATO demands: Minister

Cem CetingucPosted on31 May, 2022

Finland and Sweden should change their laws if needed to meet Turkey’s demands and win … Continue ReadingNordics must change laws to meet Turkey’s NATO demands: Minister

Turkish Quest to Hedge Inflation Fuels World-Beating Stocks Boom
Categories HIGHLIGHTS Markets

Turkish Quest to Hedge Inflation Fuels World-Beating Stocks Boom

Güldem AtabayPosted on31 May, 2022

Turkish stocks have outpaced every equity market in the world this year in local currency … Continue ReadingTurkish Quest to Hedge Inflation Fuels World-Beating Stocks Boom

Turkish economy grows 7.3 percent in first quarter
Categories Economy General HIGHLIGHTS

Turkish economy grows 7.3 percent in first quarter

Cem CetingucPosted on31 May, 2022

Turkey’s economy topped forecasts to expand by 7.3% in the first quarter of 2022, official … Continue ReadingTurkish economy grows 7.3 percent in first quarter

Turkey summons French, German ambassadors to discuss PKK
Categories General HIGHLIGHTS Politics

Turkey summons French, German ambassadors to discuss PKK

Cem CetingucPosted on31 May, 2022

Turkey has summoned ambassadors of France and Germany over the activities of the terrorist organization PKK on their territories, … Continue ReadingTurkey summons French, German ambassadors to discuss PKK

Video Commentary:  Erdogan’s Lethal Economic Legacy
Categories Atilla Yeşilada Columnists Economy HIGHLIGHTS

Video Commentary:  Erdogan’s Lethal Economic Legacy

Atilla YeşiladaPosted on31 May, 2022

100% inflation, $50 bn current account deficit, $181 bn foreign debt coming due.   After … Continue ReadingVideo Commentary:  Erdogan’s Lethal Economic Legacy

Turkey’s opposition issues second declaration for democracy
Categories HIGHLIGHTS Politics

Turkey’s opposition issues second declaration for democracy

Atilla YeşiladaPosted on31 May, 2022

Six opposition parties, who teamed up to re-establish the parliamentary system of government in Turkey, … Continue ReadingTurkey’s opposition issues second declaration for democracy

Turkey becomes a major player in global health tourism
Categories Company & Industry General HIGHLIGHTS Markets

Turkey becomes a major player in global health tourism

Cem CetingucPosted on30 May, 2022

Turkey’s health services industry served more than 640,000 people from other nations, and 400,000 of … Continue ReadingTurkey becomes a major player in global health tourism

Turkish publishers struggle to survive amid economic crisis
Categories Company & Industry Economy General HIGHLIGHTS Markets

Turkish publishers struggle to survive amid economic crisis

Cem CetingucPosted on30 May, 2022

Turkish publishers are increasingly struggling to release new books and face agonising choices to survive amid … Continue ReadingTurkish publishers struggle to survive amid economic crisis

Turkey to negotiate with Russia, Ukraine for grain exports
Categories Business General HIGHLIGHTS Markets Politics

Turkey to negotiate with Russia, Ukraine for grain exports

Cem CetingucPosted on30 May, 202230 May, 2022

Turkey is in negotiations with Russia and Ukraine to open a corridor via the Bosphorus … Continue ReadingTurkey to negotiate with Russia, Ukraine for grain exports

Turkish inflation rate may hit 200 percent, research group says
Categories Economy HIGHLIGHTS

Turkish inflation rate may hit 200 percent, research group says

Atilla YeşiladaPosted on29 May, 2022

Consumer price inflation in Turkey may accelerate to more than 200 percent, local research organization … Continue ReadingTurkish inflation rate may hit 200 percent, research group says

Al Arabiya:  Turkish forces shell Kurdish-controlled areas in northern Aleppo: Report
Categories General HYPED

Al Arabiya:  Turkish forces shell Kurdish-controlled areas in northern Aleppo: Report

Atilla YeşiladaPosted on28 May, 2022

Turkish forces shelled areas under the control of Kurdish forces in northern Aleppo, the Syrian … Continue ReadingAl Arabiya:  Turkish forces shell Kurdish-controlled areas in northern Aleppo: Report

COMMENTARY: Erdogan dooms Turkey to currency volatility
Categories Atilla Yeşilada Business Columnists HIGHLIGHTS

COMMENTARY: Erdogan dooms Turkey to currency volatility

Atilla YeşiladaPosted on26 May, 2022

While monetary policy decisions are nominally taken and announced by Central Bank of Turkey (CBRT), … Continue ReadingCOMMENTARY: Erdogan dooms Turkey to currency volatility

JP Morgan on Central Bank of Turkey:  CBRT remains on hold, signals new macroprudential measures
Categories Finance HIGHLIGHTS

JP Morgan on Central Bank of Turkey:  CBRT remains on hold, signals new macroprudential measures

Atilla YeşiladaPosted on26 May, 2022

As widely expected, the CBRT left its key policy rate unchanged at 14.0%. Also, as … Continue ReadingJP Morgan on Central Bank of Turkey:  CBRT remains on hold, signals new macroprudential measures

Morgan Stanley:  CBT Preview: Something’s Gotta Give
Categories Finance HIGHLIGHTS Markets

Morgan Stanley:  CBT Preview: Something’s Gotta Give

Atilla YeşiladaPosted on26 May, 2022

We expect the CBT to stay on hold on May 26, but the need for … Continue ReadingMorgan Stanley:  CBT Preview: Something’s Gotta Give

Turkey: main destination for EU’s waste exports
Categories Company & Industry General HIGHLIGHTS Markets

Turkey: main destination for EU’s waste exports

Cem CetingucPosted on25 May, 2022

Turkey is the largest destination for waste exported from the EU, with a volume of around 14.7 … Continue ReadingTurkey: main destination for EU’s waste exports

Turkish government contemplates rent price cap to battle against soaring prices
Categories Economy General HIGHLIGHTS

Turkish government contemplates rent price cap to battle against soaring prices

Cem CetingucPosted on25 May, 2022

To discuss the sharp increase in housing and rent prices, the Ministry of Environment, Urbanization … Continue ReadingTurkish government contemplates rent price cap to battle against soaring prices

Turkish Lira’s downfall: Currency plunges most since 2021
Categories Economy General HIGHLIGHTS Markets

Turkish Lira’s downfall: Currency plunges most since 2021

Cem CetingucPosted on25 May, 2022

The Turkish lira plunged the most since a rout late last year, as a steep … Continue ReadingTurkish Lira’s downfall: Currency plunges most since 2021

Turkey to save 7 Billion dollars from wind, solar energy
Categories Business Company & Industry Economy General HIGHLIGHTS Tech

Turkey to save 7 Billion dollars from wind, solar energy

Cem CetingucPosted on25 May, 2022

Turkey has managed to save $7 billion in the last 12 months as its wind … Continue ReadingTurkey to save 7 Billion dollars from wind, solar energy

MHP leader says Turkey should consider leaving NATO
Categories General HIGHLIGHTS Politics

MHP leader says Turkey should consider leaving NATO

Cem CetingucPosted on25 May, 2022

Nationalist Movement Party (MHP) leader Devlet Bahçeli said on May 24 that Turkey might consider leaving NATO as a choice if … Continue ReadingMHP leader says Turkey should consider leaving NATO

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