Categories Economy HIGHLIGHTS Medium-Term Economic Program projects 3.5% growth for 2024 Cem CetingucPosted on5 September, 20245 September, 2024 Türkiye’s economy is expected to grow by 3.5 percent this year before the GDP expansion accelerates to … Continue ReadingMedium-Term Economic Program projects 3.5% growth for 2024
Categories HIGHLIGHTS Politics Imamoğlu hints at 2028 presidential bid Cem CetingucPosted on4 September, 2024 I will be where the nation wants me to be,” Istanbul Mayor Ekrem Imamoğlu said on … Continue ReadingImamoğlu hints at 2028 presidential bid
Categories HIGHLIGHTS Politics Al-Sisi’s visit marks new era in bilateral relations Cem CetingucPosted on4 September, 20244 September, 2024 Türkiye and Egypt are improving bilateral relations, President Recep Tayyip Erdoğan said during his counterpart Abdel Fattah … Continue ReadingAl-Sisi’s visit marks new era in bilateral relations
Categories Economy HIGHLIGHTS Turkish economy expands at a slower-than-expected pace Cem CetingucPosted on2 September, 2024 Türkiye’s economy expanded at a slower-than-expected pace in the second quarter, official data showed on … Continue ReadingTurkish economy expands at a slower-than-expected pace
Categories Economy HIGHLIGHTS Turkey’s foreign trade deficit decline in August Cem CetingucPosted on2 September, 2024 Türkiye’s foreign trade deficit continued to decline in August, narrowing 43.4 percent year-on-year to $4.93 billion last month, … Continue ReadingTurkey’s foreign trade deficit decline in August
Categories Finance HIGHLIGHTS Türkiye: Banking Sector Outlook, 2Q 2024 Cem CetingucPosted on2 September, 2024 The slowdown in credit growth started to become more pronounced towards the end of 2Q24 … Continue ReadingTürkiye: Banking Sector Outlook, 2Q 2024
Categories Economy HIGHLIGHTS Turkey’s foreign trade deficit drops by 42 percent in July Cem CetingucPosted on28 August, 202428 August, 2024 Türkiye’s foreign trade deficit declined by 41.8 percent year-on-year in July to $7.3 billion as exports rose … Continue ReadingTurkey’s foreign trade deficit drops by 42 percent in July
Categories HIGHLIGHTS Politics Ankara calls on EU for increased dialogue and cooperation Cem CetingucPosted on28 August, 202428 August, 2024 Foreign Minister Hakan Fidan will underscore the importance of enhancing institutional dialogue and closer engagement in bilateral … Continue ReadingAnkara calls on EU for increased dialogue and cooperation
Categories General HIGHLIGHTS August Economic Update: Capacity utilization drops, Business sentiment worsens Cem CetingucPosted on26 August, 2024 Data from the Central Bank have shown that the capacity utilization rate (CUR) in the key manufacturing … Continue ReadingAugust Economic Update: Capacity utilization drops, Business sentiment worsens
Categories Economy HIGHLIGHTS Challenges to economic outlook mount despite Simsek’s efforts Cem CetingucPosted on19 August, 202419 August, 2024 The Turkish economy is currently grappling with significant inflation challenges, forcing adjustments from both authorities … Continue ReadingChallenges to economic outlook mount despite Simsek’s efforts
Categories Economy General HIGHLIGHTS Surge in internal migration as Istanbul faces significant population decline Cem CetingucPosted on19 August, 2024 Istanbul and Ankara saw the highest levels of both incoming and outgoing migration last year. … Continue ReadingSurge in internal migration as Istanbul faces significant population decline
Categories HIGHLIGHTS Politics Violent clash in Parliament undermines democratic values Cem CetingucPosted on19 August, 2024 Dozens of lawmakers became embroiled in a fisticuffs brawl in Turkey’s parliament on Friday as … Continue ReadingViolent clash in Parliament undermines democratic values
Categories Company & Industry HIGHLIGHTS Akbank: Upgrade to Buy: Margins turning the corner Cem CetingucPosted on19 August, 2024 Recent pullback provides an attractive entry point: We expect Akbank’s NIM to enter an upcycle … Continue ReadingAkbank: Upgrade to Buy: Margins turning the corner
Categories General HIGHLIGHTS Politics Turkey, Iraq to establish two military centers for counterterrorism efforts Cem CetingucPosted on16 August, 2024 Türkiye and Iraq have signed a landmark agreement on military and security issues, which includes establishing two military … Continue ReadingTurkey, Iraq to establish two military centers for counterterrorism efforts
Categories General HIGHLIGHTS Turkey records hottest July in 53 Years amid rising temperatures Cem CetingucPosted on16 August, 2024 The highest temperature was recorded at 45.9 degrees in the southeastern Şırnak province. Turkey recorded … Continue ReadingTurkey records hottest July in 53 Years amid rising temperatures
Categories Company & Industry HIGHLIGHTS Turkey achieves milestone with five defense firms in global top 100 Cem CetingucPosted on16 August, 2024 If anything, the inclusion of as many as five Turkish firms in this year’s list … Continue ReadingTurkey achieves milestone with five defense firms in global top 100
Categories General HIGHLIGHTS Public outcry in Turkey over new 15USD fee aimed at reducing foreign tourism spending Cem CetingucPosted on16 August, 2024 Turkey has increased the departure fee for Turkish citizens flying to international destinations by 233 percent … Continue ReadingPublic outcry in Turkey over new 15USD fee aimed at reducing foreign tourism spending
Categories General HIGHLIGHTS Erdoğan urges immediate reform of UN Security Council Cem CetingucPosted on15 August, 2024 President Recep Tayyip Erdoğan has strongly endorsed U.N. Secretary-General Antonio Guterres’ recent remarks on reforming the … Continue ReadingErdoğan urges immediate reform of UN Security Council
Categories General HIGHLIGHTS Türkiye reports zero Monkeypox cases, no restrictions planned Cem CetingucPosted on15 August, 2024 Türkiye on Thursday announced that no cases of mpox, an infectious viral disease that has hit hard … Continue ReadingTürkiye reports zero Monkeypox cases, no restrictions planned
Categories General HIGHLIGHTS Ankara and Iraq engage in talks to strengthen security cooperation Cem CetingucPosted on15 August, 2024 Senior government and military officials from Türkiye and Iraq had detailed talks to further improve security cooperation and eliminate the terrorist threat from … Continue ReadingAnkara and Iraq engage in talks to strengthen security cooperation
