Categories Economy Emerging Markets General HIGHLIGHTS Markets Reuters: Turkish Lira continues to weaken, Nebati says rates to stay put Cem CetingucPosted on7 June, 20227 June, 2022 Turkey’s lira slid to beyond 16.55 against the dollar on Monday, bringing its losses to … Continue ReadingReuters: Turkish Lira continues to weaken, Nebati says rates to stay put
Categories General HIGHLIGHTS Politics Turkey seeks to restore ties with Western procurement club Cem CetingucPosted on7 June, 2022 After the controversial, multibillion-dollar purchase of a Russian-made missile defense system, the Turkish government appears … Continue ReadingTurkey seeks to restore ties with Western procurement club
Categories General HIGHLIGHTS Turkish Water Institute seeks to raise awareness about water efficiency Cem CetingucPosted on6 June, 2022 Parched lands replace fertile territory in some places while others are exposed to incessant torrential … Continue ReadingTurkish Water Institute seeks to raise awareness about water efficiency
Categories Company & Industry Finance General HIGHLIGHTS Banking industry: FX protected deposit scheme boosts NII Cem CetingucPosted on6 June, 20226 June, 2022 45% monthly ROE on lower provisions and OPEX Turkish banking sector’s April net income is … Continue ReadingBanking industry: FX protected deposit scheme boosts NII
Categories Business Company & Industry Emerging Markets Finance HIGHLIGHTS IsDB to invest on eliminating food supply problems: Nebati Cem CetingucPosted on5 June, 2022 The Islamic Development Bank (IsDB) Group works to eliminate problems in the food supply and … Continue ReadingIsDB to invest on eliminating food supply problems: Nebati
Categories Company & Industry General HIGHLIGHTS Markets Tech Turkey to mass produce laser-guide munition for its drones Cem CetingucPosted on5 June, 2022 Turkey has started to mass-produce its latest miniature munition developed for unmanned aerial vehicles (UAVs), … Continue ReadingTurkey to mass produce laser-guide munition for its drones
Categories General HIGHLIGHTS Politics Turkey to launch new operations against the YPG in Syrian border: Erdogan Cem CetingucPosted on5 June, 2022 Turkey will address its security concerns in northern Syria with new operations against the YPG group, Turkish President Recep Tayyip Erdoğan … Continue ReadingTurkey to launch new operations against the YPG in Syrian border: Erdogan
Categories Economy General HIGHLIGHTS Politics CHP leader pledges to end poverty in Turkey Cem CetingucPosted on3 June, 2022 The main opposition Republican People’s Party (CHP) leader said he would end the “poverty” in Turkey … Continue ReadingCHP leader pledges to end poverty in Turkey
Categories General HIGHLIGHTS HYPED Politics Russia urges Turkey to hold back from launching operation in Northern Syria Cem CetingucPosted on3 June, 20223 June, 2022 Russia urged Turkey to “refrain” from launching an offensive operation in Northern Syria to avoid … Continue ReadingRussia urges Turkey to hold back from launching operation in Northern Syria
Categories General HIGHLIGHTS HYPED Politics Ukraine’s grain stolen by Russia heads out to Turkey: Kyiv ambassador Cem CetingucPosted on3 June, 2022 Kyiv’s ambassador to Ankara said on Friday Turkish buyers were among those receiving grain that … Continue ReadingUkraine’s grain stolen by Russia heads out to Turkey: Kyiv ambassador
Categories Economy General HIGHLIGHTS Turkey’s inflation reaches 73.5 percent in May Cem CetingucPosted on3 June, 20223 June, 2022 Turkey’s annual inflation rate rose at a lower-than-expected pace in May but still jumped to … Continue ReadingTurkey’s inflation reaches 73.5 percent in May
Categories General HIGHLIGHTS Politics FM Çavuşoğlu calls Sweden, Finland to settle Turkey’s security concerns Cem CetingucPosted on3 June, 2022 Foreign Minister Mevlüt Çavuşoğlu said if Sweden and Finland want to be NATO members, they should understand … Continue ReadingFM Çavuşoğlu calls Sweden, Finland to settle Turkey’s security concerns
Categories Economy Finance General HIGHLIGHTS Macro Snapshot: Manufacturing PMI remained stable at 49.2 in May Cem CetingucPosted on2 June, 2022 Manufacturing PMI remained stable at 49.2 in May and continued to stay at the contractionary … Continue ReadingMacro Snapshot: Manufacturing PMI remained stable at 49.2 in May
Categories General HIGHLIGHTS HYPED Politics Hundreds protest against anti-femicide group shut down attempt Cem CetingucPosted on2 June, 20222 June, 2022 Several hundred women protested outside an Istanbul court on Wednesday ahead of a hearing to … Continue ReadingHundreds protest against anti-femicide group shut down attempt
Categories Company & Industry Economy General HIGHLIGHTS Turkey raises natural gas and power prices amid ‘perfect eceonomic storm’ Cem CetingucPosted on2 June, 2022 Turkey raised natural gas and power prices on Wednesday and its energy importer blamed a … Continue ReadingTurkey raises natural gas and power prices amid ‘perfect eceonomic storm’
Categories General HIGHLIGHTS HYPED Politics Greek armed forces are on high alert over tentions with Turkey Cem CetingucPosted on2 June, 2022 Greece’s armed forces are on high alert in the Eastern Aegean Sea as tensions escalate … Continue ReadingGreek armed forces are on high alert over tentions with Turkey
Categories Business Economy General HIGHLIGHTS HYPED Turkey eases pandemic restrictions for foreign visitors Cem CetingucPosted on1 June, 2022 The Interior Ministry announced that polymerase chain reaction (PCR) tests would not be asked from visitors arriving … Continue ReadingTurkey eases pandemic restrictions for foreign visitors
Categories General HIGHLIGHTS Politics Turkey submits ‘Schengen System abuse’ report to PACE Cem CetingucPosted on1 June, 2022 Turkey is prepared to submit a report titled “The Abuse of the Schengen System as a Political Sanction … Continue ReadingTurkey submits ‘Schengen System abuse’ report to PACE
Categories Business Company & Industry General HIGHLIGHTS Tupras | Upgrade to Buy: Weaker TRY shifts balance of risk Cem CetingucPosted on1 June, 20221 June, 2022 Exceptionally strong refining margins… Tupras continues to enjoy exceptionally strong refining margins on the back … Continue ReadingTupras | Upgrade to Buy: Weaker TRY shifts balance of risk
Categories Economy Finance General HIGHLIGHTS Macro View: Economic activity remains buoyant with pulled-forward domestic demand Cem CetingucPosted on1 June, 2022 1Q22 GDP growth reaches 7.3%, in line with expectations. TurkStat announced that 1Q22 GDP growth reached … Continue ReadingMacro View: Economic activity remains buoyant with pulled-forward domestic demand