Categories Business General HIGHLIGHTS President Erdoğan and Elon Musk chew over investment opportunities Cem CetingucPosted on17 December, 202117 December, 2021 President Recep Tayyip Erdoğan and the founder of Tesla and space entrepreneur Elon Musk held … Continue ReadingPresident Erdoğan and Elon Musk chew over investment opportunities
Categories Business Company & Industry Economy Finance HIGHLIGHTS The liquidity threat looming over markets in 2022 Cem CetingucPosted on17 December, 2021 After nearly two years of solid gains across stock markets, will the feared roller-coaster return? … Continue ReadingThe liquidity threat looming over markets in 2022
Categories Economy Finance HIGHLIGHTS Politics UPDATE (TL slump) CBRT cuts interest rates by 100 basis points Cem CetingucPosted on16 December, 202117 December, 2021 AP: Turkish lira dips to new low after another interest rate cut The Turkish lira hit … Continue ReadingUPDATE (TL slump) CBRT cuts interest rates by 100 basis points
Categories Economy General HIGHLIGHTS Turkish minimum wage increases 50 percent to TL4,250 Cem CetingucPosted on16 December, 202116 December, 2021 Turkey has increased minimum wage to 4,250 Turkish Liras, President Recep Tayyip Erdoğan announced on Dec. 16. urkey’s … Continue ReadingTurkish minimum wage increases 50 percent to TL4,250
Categories Economy Finance HIGHLIGHTS Markets IMF reminds interest rate risks as global debt rises to $226 trillion Cem CetingucPosted on16 December, 2021 Global debt surged to $226 trillion last year, its biggest one-year jump since World War … Continue ReadingIMF reminds interest rate risks as global debt rises to $226 trillion
Categories Economy Finance HIGHLIGHTS Macro Snapshot: Outstanding External Loans Received by Private Sector Cem CetingucPosted on16 December, 2021 In October, private sectors’ outstanding ST debt (included trade credits) increased by USD6.4bn to USD48.6bn … Continue ReadingMacro Snapshot: Outstanding External Loans Received by Private Sector
Categories General HIGHLIGHTS Politics Defense Minister Akar: Turks and Kurds are brothers Cem CetingucPosted on15 December, 2021 Defense Minister Hulusi Akar on Dec. 14 emphasized that those who want to cause strife and unrest … Continue ReadingDefense Minister Akar: Turks and Kurds are brothers
Categories General 28 scammers arrested for mass export fraud in Turkey Cem CetingucPosted on14 December, 2021 Police in Istanbul and six other provinces arrested 28 suspects on Monday in an operation … Continue Reading28 scammers arrested for mass export fraud in Turkey
Categories General HIGHLIGHTS Politics Turkey says Serb move to start quitting Bosnia’s key institutions “dangerous” Cem CetingucPosted on14 December, 2021 A vote by Serb lawmakers to start pulling their autonomous Serb Republic out of Bosnia’s … Continue ReadingTurkey says Serb move to start quitting Bosnia’s key institutions “dangerous”
Categories General HIGHLIGHTS Politics Turkish foreign minister: Turkey and Armenia shows efforts to normalize their ties Cem CetingucPosted on14 December, 202114 December, 2021 Turkey and Armenia will appoint special representatives to discuss steps to normalize their ties, Turkey’s … Continue ReadingTurkish foreign minister: Turkey and Armenia shows efforts to normalize their ties
Categories Economy General HIGHLIGHTS Turkish Lira plummets, brings doom to Northern Syria Cem CetingucPosted on14 December, 2021 Mohammed al-Debek, a schoolteacher in northern Syria, is on strike: the currency devaluation in neighbouring … Continue ReadingTurkish Lira plummets, brings doom to Northern Syria
Categories General Erdogan defines social media as a ‘threat to democracy’ Cem CetingucPosted on14 December, 202114 December, 2021 Turkish President Recep Tayyip Erdogan described social media Saturday as one of the main threats … Continue ReadingErdogan defines social media as a ‘threat to democracy’
Categories Economy General HIGHLIGHTS Macro Snapshot: CBRT Survey of Market Participants Cem CetingucPosted on14 December, 2021 MoM expectations for next 3 months indicates that the monthly CPI data would remarkably above … Continue ReadingMacro Snapshot: CBRT Survey of Market Participants
Categories Business General HIGHLIGHTS 2021 was a bad year for Turkish movie theathers as spectator numbers decline drastically Cem CetingucPosted on11 December, 2021 Cinema has been among the sectors most affected by the coronavirus pandemic, and the normalization … Continue Reading2021 was a bad year for Turkish movie theathers as spectator numbers decline drastically
Categories General HIGHLIGHTS Politics Tensions rise in Northern Iraq as three Turkish soldiers killed in PKK terrorist attack Cem CetingucPosted on9 December, 20219 December, 2021 Three Turkish soldiers taking part in the Claw-Thunderbolt counterterrorism operation against PKK terrorists were killed … Continue ReadingTensions rise in Northern Iraq as three Turkish soldiers killed in PKK terrorist attack
Categories Economy General HIGHLIGHTS Markets Currency crisis hits hard in Turkey Cem CetingucPosted on9 December, 2021 Turkey’s deepening currency crisis could mark the definitive end of the country’s economic success story … Continue ReadingCurrency crisis hits hard in Turkey
Categories Business Economy HIGHLIGHTS Apparel exports boom while retailers fight for survival amid Turkey’s economic crisis Cem CetingucPosted on9 December, 2021 The country’s currency, the lira, has lost almost half its value against the dollar so … Continue ReadingApparel exports boom while retailers fight for survival amid Turkey’s economic crisis
Categories General HIGHLIGHTS ‘The Turkish Gatsby,’ enjoys lavish life in Miami Cem CetingucPosted on8 December, 2021 Facing 130 years in prison, infamous Turkish-Iranian money launderer Reza Zarrab took a plea deal … Continue Reading‘The Turkish Gatsby,’ enjoys lavish life in Miami
Categories Business Company & Industry HIGHLIGHTS Tofas: Reflecting FX spike in revenues; adding conviction to new model opportunity Cem CetingucPosted on8 December, 2021 We raise our TP for Tofas to TRY108.70 (from TRY50.10) and reiterate our Outperform rating. … Continue ReadingTofas: Reflecting FX spike in revenues; adding conviction to new model opportunity
Categories General HIGHLIGHTS Elif Şafak listed among ‘BBC 100 Women 2021’ Cem CetingucPosted on7 December, 2021 Ahead of the new year, the BBC has unveiled its list of 100 inspiring and … Continue ReadingElif Şafak listed among ‘BBC 100 Women 2021’