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Month: July 2022

Turkey’s Trade Deficit Almost Triples to $8.2 Billion on Energy
Categories Economy HIGHLIGHTS

Turkey’s Trade Deficit Almost Triples to $8.2 Billion on Energy

Güldem AtabayPosted on29 July, 2022

Turkey’s trade deficit in June almost tripled from last year as the cost of energy … Continue ReadingTurkey’s Trade Deficit Almost Triples to $8.2 Billion on Energy

David O’Byrne:  Turkey, Russia gas ties grow contentious amid Ukraine war
Categories Business HYPED

David O’Byrne:  Turkey, Russia gas ties grow contentious amid Ukraine war

Atilla YeşiladaPosted on29 July, 2022

With Russian gas giant Gazprom this week again slashing its gas exports to Europe and … Continue ReadingDavid O’Byrne:  Turkey, Russia gas ties grow contentious amid Ukraine war

Russia Is Wiring Dollars to Turkey for $20 Billion Nuclear Plant
Categories Economy HIGHLIGHTS Politics

Russia Is Wiring Dollars to Turkey for $20 Billion Nuclear Plant

Güldem AtabayPosted on29 July, 2022

A Russian state-owned company is transferring money to a subsidiary that’s building a $20 billion … Continue ReadingRussia Is Wiring Dollars to Turkey for $20 Billion Nuclear Plant

Indigenization rate in defense industry surpasses 70 percent
Categories Business Company & Industry General HIGHLIGHTS Markets

Indigenization rate in defense industry surpasses 70 percent

Cem CetingucPosted on29 July, 2022

The indigenization rate in the country’s defense industry has surpassed 70 percent, Defense Industries Presidency (SSB) head İsmail … Continue ReadingIndigenization rate in defense industry surpasses 70 percent

Turkey condems UN for Peacekeeping Force in Cyprus
Categories General HIGHLIGHTS HYPED Politics

Turkey condems UN for Peacekeeping Force in Cyprus

Cem CetingucPosted on29 July, 2022

The Turkish Foreign Ministry has slammed a resolution by the U.N. Security Council on the extension of … Continue ReadingTurkey condems UN for Peacekeeping Force in Cyprus

BofA | TOFAS:Healthy 2Q recovery; reiterate Buy
Categories Business Company & Industry Finance HIGHLIGHTS

BofA | TOFAS:Healthy 2Q recovery; reiterate Buy

Cem CetingucPosted on29 July, 2022

Increase FY22E-23E EPS on avg by 21%; remain bullish We update our model for Tofas’ … Continue ReadingBofA | TOFAS:Healthy 2Q recovery; reiterate Buy

BIOEN – Turning waste into value (TP: TL13.10/share)
Categories Business Company & Industry Finance HIGHLIGHTS

BIOEN – Turning waste into value (TP: TL13.10/share)

Cem CetingucPosted on29 July, 2022

Turning waste into value. Biotrend is a leading player in Municipal solid waste management sector, focusing … Continue ReadingBIOEN – Turning waste into value (TP: TL13.10/share)

Aegean tentions rise as Turkey will send letters of complaint to UN
Categories General HIGHLIGHTS Politics

Aegean tentions rise as Turkey will send letters of complaint to UN

Cem CetingucPosted on28 July, 202228 July, 2022

Ankara upped the ante with Athens again on Wednesday, with Foreign Minister Mevlut Cavusoglu employing … Continue ReadingAegean tentions rise as Turkey will send letters of complaint to UN

Grain corridor control center opened in Istanbul
Categories Business General HIGHLIGHTS Markets Politics

Grain corridor control center opened in Istanbul

Cem CetingucPosted on28 July, 202228 July, 2022

The Joint Coordination Center that will run a complicated operation for the resumption of grain export … Continue ReadingGrain corridor control center opened in Istanbul

Kamala Harris: Water security is a real global threat
Categories General HIGHLIGHTS HYPED

Kamala Harris: Water security is a real global threat

Cem CetingucPosted on28 July, 202228 July, 2022

We are all familiar at this point with the assertation that “water is the new … Continue ReadingKamala Harris: Water security is a real global threat

Uysal: Turkey-Saudi Arabia relations need to be improved further
Categories General HIGHLIGHTS Politics

Uysal: Turkey-Saudi Arabia relations need to be improved further

Cem CetingucPosted on28 July, 2022

After a decade of broken ties, the bilateral relations between Turkey and Saudi Arabia are … Continue ReadingUysal: Turkey-Saudi Arabia relations need to be improved further

‘Turkey may launch new military operation against YPG if necessary’: Kalın
Categories General HIGHLIGHTS HYPED Politics

‘Turkey may launch new military operation against YPG if necessary’: Kalın

Cem CetingucPosted on27 July, 202227 July, 2022

Turkey may immediately launch a new military operation against the PKK terrorist group’s Syrian branch, … Continue Reading‘Turkey may launch new military operation against YPG if necessary’: Kalın

Putin pushes Turkey to produce drones for Russia
Categories Business Company & Industry General HIGHLIGHTS Politics

Putin pushes Turkey to produce drones for Russia

Cem CetingucPosted on27 July, 2022

Russian President Vladimir Putin is reportedly pushing for Ukraine’s drone supplier to produce weapons for the … Continue ReadingPutin pushes Turkey to produce drones for Russia

Turkish lira on slow slide in search of FX relief
Categories Economy Emerging Markets Finance HIGHLIGHTS

Turkish lira on slow slide in search of FX relief

Güldem AtabayPosted on26 July, 2022

The Turkish lira slipped again on Monday, sustaining a slow slide towards 18 against the … Continue ReadingTurkish lira on slow slide in search of FX relief

Grain drain: Why Turkey can’t afford to ignore Russian grain smuggling from Ukraine
Categories Economy HIGHLIGHTS Politics

Grain drain: Why Turkey can’t afford to ignore Russian grain smuggling from Ukraine

Güldem AtabayPosted on26 July, 2022

The world’s attention turned to Turkey last week as it hosted a signing ceremony of … Continue ReadingGrain drain: Why Turkey can’t afford to ignore Russian grain smuggling from Ukraine

UN Security Council condemns Zakho attack
Categories Economy HIGHLIGHTS Politics

UN Security Council condemns Zakho attack

Güldem AtabayPosted on26 July, 2022

The United Nations Security Council has “strongly condemned” the bombardment of a tourist resort in the Zakho … Continue ReadingUN Security Council condemns Zakho attack

Erdonomics: Perfect recipe for economical disaster
Categories General

Erdonomics: Perfect recipe for economical disaster

Cem CetingucPosted on26 July, 2022

The Turkish president is insisting on cutting interest rates when inflation is rising, causing the … Continue ReadingErdonomics: Perfect recipe for economical disaster

Turkish auto industry is on a mission for market expansion
Categories Business Company & Industry HIGHLIGHTS Markets

Turkish auto industry is on a mission for market expansion

Cem CetingucPosted on26 July, 2022

Turkey’s automotive industry, which makes some 80% of its exports to Europe, is now in … Continue ReadingTurkish auto industry is on a mission for market expansion

Turkey calls all parties to comply Ukraine grain deal
Categories Business HIGHLIGHTS Politics

Turkey calls all parties to comply Ukraine grain deal

Cem CetingucPosted on26 July, 2022

Turkey on Monday called on all parties to keep to their responsibilities under a deal … Continue ReadingTurkey calls all parties to comply Ukraine grain deal

Turkish, American defense ministers link up to dissect Ukraine war, F-16 deal
Categories Business General HIGHLIGHTS Politics

Turkish, American defense ministers link up to dissect Ukraine war, F-16 deal

Cem CetingucPosted on26 July, 202226 July, 2022

Turkish and American defense ministers, Hulusi Akar and Lloyd Austin, discussed the bilateral defense and security matters as … Continue ReadingTurkish, American defense ministers link up to dissect Ukraine war, F-16 deal

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