Categories Company & Industry Politics Google gets fined by Turkish government for breaking competition law Cem CetingucPosted on15 April, 202115 April, 2021 Turkish authorities on Wednesday fined Google 296 million Turkish liras ($36.6 million) for violating the … Continue ReadingGoogle gets fined by Turkish government for breaking competition law
Categories General New Covid-19 cases in Turkey exceeds 62,000 Cem CetingucPosted on15 April, 2021 Turkey reported nearly 63,000 more coronavirus cases on Wednesday, its highest single-day figure since the … Continue ReadingNew Covid-19 cases in Turkey exceeds 62,000
Categories General Tech Turkey’s first air-to-air missile “Bozdogan” is a success Cem CetingucPosted on14 April, 202114 April, 2021 Air-to-air in-sight missile Bozdogan, developed in Goktug project, hit target with first shot, says Erdogan … Continue ReadingTurkey’s first air-to-air missile “Bozdogan” is a success
Categories Economy General Macro Focus: Recovery trend continues despite momentum loss Cem CetingucPosted on14 April, 202114 April, 2021 In February, IP increased by 0.1% MoM and 8.8% on a YoY. According to the consensus, … Continue ReadingMacro Focus: Recovery trend continues despite momentum loss
Categories Politics Russia tells TR not to supply weapons to Ukraine Cem CetingucPosted on13 April, 2021 Russia warned several countries, including Turkey, to stop supplying weapons to Kyiv, as tensions have … Continue ReadingRussia tells TR not to supply weapons to Ukraine
Categories Company & Industry Politics Halkbank seeks the end of U.S. prosecution due to Iran sanctions violations Cem CetingucPosted on13 April, 2021 A lawyer for Halkbank told a U.S. appeals court on Monday that the state-owned Turkish … Continue ReadingHalkbank seeks the end of U.S. prosecution due to Iran sanctions violations
Categories General Investors turn to Bitcoin after Turkey’s economic turmoil Cem CetingucPosted on13 April, 2021 The neighbourhood teahouse is a focus of daily life across Turkey, an Ottoman tradition that has … Continue ReadingInvestors turn to Bitcoin after Turkey’s economic turmoil
Categories Politics Turkish and US officials gather for Afghan peace process Cem CetingucPosted on13 April, 2021 Turkish Foreign Minister Mevlut Cavusoglu and US Secretary of State Antony Blinken discussed the Afghan … Continue ReadingTurkish and US officials gather for Afghan peace process
Categories Company & Industry General Company Update | PETKM TP revised up to TL7.50/share Cem CetingucPosted on13 April, 2021 Turning more positive on strong earnings momentum expected this year. We are updating our estimates for … Continue ReadingCompany Update | PETKM TP revised up to TL7.50/share
Categories Economy General Unemployment rate realized as 13.4 percent in Turkey Cem CetingucPosted on12 April, 2021 Seasonally adjusted unemployment rate realized as 13.4% The number of unemployed persons aged 15 years … Continue ReadingUnemployment rate realized as 13.4 percent in Turkey
Categories Company & Industry Markets Turkish auto production exceeds 212,000 in Jan-Feb Cem CetingucPosted on12 April, 2021 Automotive production in Turkey, including light commercial vehicles, tractors, and automobiles, totaled 211,877 million units … Continue ReadingTurkish auto production exceeds 212,000 in Jan-Feb
Categories General TCL, Huawei set to join other Chinese brands producing in Turkey Cem CetingucPosted on12 April, 2021 New Chinese brands are set to join international electronics companies that recently kickstarted production in … Continue ReadingTCL, Huawei set to join other Chinese brands producing in Turkey
Categories Business Markets Turkey’s e-commerce volume jumped 66% in 2020 Cem CetingucPosted on8 April, 2021 The volume of e-commerce in Turkey jumped 66% year-on-year to 226.2 billion Turkish liras ($32 … Continue ReadingTurkey’s e-commerce volume jumped 66% in 2020
Categories Economy General CEEMEA economic outlook: Some like it hot Cem CetingucPosted on8 April, 2021 The alarming rise in case rates across Europe and what they mean for the 2021 … Continue ReadingCEEMEA economic outlook: Some like it hot
Categories Economy General CORRECTION: Turkey sold 11.7 tons of gold in February due to currency crisis Cem CetingucPosted on8 April, 20218 April, 2021 PATurkey was misled by the confusing text and the fact none of its editors could … Continue ReadingCORRECTION: Turkey sold 11.7 tons of gold in February due to currency crisis
Categories Business Company & Industry Company Outlook | Aselsan: High growth and compelling valuation Cem CetingucPosted on6 April, 20216 April, 2021 Stock’s underperformance of a retreating Turkish market unjustified in our view. Aselsan’s share price fell … Continue ReadingCompany Outlook | Aselsan: High growth and compelling valuation
Categories General Turkey avoided recession, however high inflation and Lira volatility remains Cem CetingucPosted on31 March, 2021 Relations with the EU and the US remain strained: President Erdogan won the June 2018 … Continue ReadingTurkey avoided recession, however high inflation and Lira volatility remains
Categories Business Politics Turkey to complain to WTO over informal Saudi boycott Cem CetingucPosted on31 March, 202131 March, 2021 Turkey is to take the semiofficial boycott by Saudi Arabia on made-in-Turkey goods to the … Continue ReadingTurkey to complain to WTO over informal Saudi boycott
Categories Company & Industry THY: Strong positioning, geared to leisure travel recovery; reiterate Buy Cem CetingucPosted on30 March, 2021 We revise our estimates for Turkish Airlines (THY). Reflecting more upbeat expectations from management post … Continue ReadingTHY: Strong positioning, geared to leisure travel recovery; reiterate Buy
Categories Business Company & Industry Company Outlook | Mavi: Emerging stronger Cem CetingucPosted on30 March, 202130 March, 2021 Managing inventories, preserving margins: Despite a c26% drop in retail revenues in FY21 and an … Continue ReadingCompany Outlook | Mavi: Emerging stronger
