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Author: Editor P.A.

Turkish state banks fx sales add to USD100bn
Categories Economy Finance General HIGHLIGHTS

Turkish state banks fx sales add to USD100bn

Editor P.A.Posted on17 July, 202018 July, 2020

Turkish state banks have doubled their short foreign currency positions in six weeks to $8.3 … Continue ReadingTurkish state banks fx sales add to USD100bn

Turkey’s debt driven housing boom in June
Categories Economy Emerging Markets Finance Politics

Turkey’s debt driven housing boom in June

Editor P.A.Posted on14 July, 202014 July, 2020

Turkey’s house sales skyrocketed by 209.7% yoy in June 2020 and reached 190K. The breakdown … Continue ReadingTurkey’s debt driven housing boom in June

Reuters: Turkish factory production expected to slump 22.5% in May
Categories Economy

Reuters: Turkish factory production expected to slump 22.5% in May

Editor P.A.Posted on9 July, 202011 July, 2020

Turkey’s industrial production is expected to have contracted 22.5% annually in May due to the … Continue ReadingReuters: Turkish factory production expected to slump 22.5% in May

SAMEKS Composite: Stagnant services sector threatens manufacturing recovery
Categories Economy General

SAMEKS Composite: Stagnant services sector threatens manufacturing recovery

Editor P.A.Posted on1 July, 20203 July, 2020

In June 2020, seasonally and calendar adjusted SAMEKS Compound Index increased by 1.0 points compared … Continue ReadingSAMEKS Composite: Stagnant services sector threatens manufacturing recovery

Turkey’s changing media landscape
Categories General Politics

Turkey’s changing media landscape

Editor P.A.Posted on1 July, 20203 July, 2020

Summary A dominant narrative that has come out of Turkey in recent years highlights how … Continue ReadingTurkey’s changing media landscape

Erdogan to ban Twitter, Netflix, Youtube in Turkey
Categories General Politics

Erdogan to ban Twitter, Netflix, Youtube in Turkey

Editor P.A.Posted on1 July, 20202 July, 2020

Turkey’s President Erdogan vows to bring a draft bill to parliament to block/regulate social media … Continue ReadingErdogan to ban Twitter, Netflix, Youtube in Turkey

VW abandons Turkey factory plan
Categories Economy Emerging Markets

VW abandons Turkey factory plan

Editor P.A.Posted on1 July, 20201 July, 2020

Volkswagen AG canceled plans to build a car factory in Turkey after the coronavirus pandemic … Continue ReadingVW abandons Turkey factory plan

EU to allow in visitors from 14 ‘safe’ countries; Turkey excluded
Categories Economy Emerging Markets

EU to allow in visitors from 14 ‘safe’ countries; Turkey excluded

Editor P.A.Posted on30 June, 20201 July, 2020

The 27-member bloc gave approval on Tuesday to leisure or business travel from 14 countries … Continue ReadingEU to allow in visitors from 14 ‘safe’ countries; Turkey excluded

As widening current account deficit gets attention: Turkey trade deficit more than doubles in May
Categories Economy Emerging Markets

As widening current account deficit gets attention: Turkey trade deficit more than doubles in May

Editor P.A.Posted on30 June, 20201 July, 2020

According to the official data, in May 2020 Turkey’s exports were 9 billion 967 million … Continue ReadingAs widening current account deficit gets attention: Turkey trade deficit more than doubles in May

Reuters Poll: Turkish inflation seen rising above 12% in June
Categories Economy Emerging Markets

Reuters Poll: Turkish inflation seen rising above 12% in June

Editor P.A.Posted on30 June, 20201 July, 2020

Turkey’s consumer price index is expected to rise above 12% in June from 11.4% the … Continue ReadingReuters Poll: Turkish inflation seen rising above 12% in June

Turkish lawyers protest the government plan to reform/control bar associations
Categories Politics

Turkish lawyers protest the government plan to reform/control bar associations

Editor P.A.Posted on30 June, 20201 July, 2020

Thousands of Turkish lawyers protested outside Istanbul’s main courthouse on Tuesday against a government plan … Continue ReadingTurkish lawyers protest the government plan to reform/control bar associations

Another downgrade from Fitch: cuts Turkey economic growth forecast to -3.9%
Categories Economy Emerging Markets

Another downgrade from Fitch: cuts Turkey economic growth forecast to -3.9%

Editor P.A.Posted on30 June, 202030 June, 2020

Turkey’s economy is expected to contract by 3.9% this year, Fitch said in a report on Monday, … Continue ReadingAnother downgrade from Fitch: cuts Turkey economic growth forecast to -3.9%

Albayrak believes in V shaped recovery urging banks to lend more
Categories Economy Emerging Markets Finance

Albayrak believes in V shaped recovery urging banks to lend more

Editor P.A.Posted on23 June, 202025 June, 2020

Addressing the general assembly of the Banks Association of Turkey in Istanbul, treasury and finance … Continue ReadingAlbayrak believes in V shaped recovery urging banks to lend more

U.S. prosecutor in Halkbank sanctions case steps down reminding of Bolton’s claims
Categories Economy Emerging Markets General Politics

U.S. prosecutor in Halkbank sanctions case steps down reminding of Bolton’s claims

Editor P.A.Posted on22 June, 202023 June, 2020

Shares in Turkish state lender Halkbank (HALKB.IS) surged 8% on Monday after U.S. federal chief … Continue ReadingU.S. prosecutor in Halkbank sanctions case steps down reminding of Bolton’s claims

AKP’s plans to control Turkey’s Bar Associations bring police against lawyers
Categories Economy Politics

AKP’s plans to control Turkey’s Bar Associations bring police against lawyers

Editor P.A.Posted on22 June, 202023 June, 2020

Turkish police stopped dozens of senior lawyers marching to the capital Ankara on Monday to … Continue ReadingAKP’s plans to control Turkey’s Bar Associations bring police against lawyers

Recovery… really?
Categories Economy Emerging Markets

Recovery… really?

Editor P.A.Posted on22 June, 202023 June, 2020

As per the official data, Turkey’s seasonally adjusted consumer confidence index increased by 3.1 points … Continue ReadingRecovery… really?

Bloomberg: Turkey is struggling to undo lockdown damage
Categories Economy Emerging Markets

Bloomberg: Turkey is struggling to undo lockdown damage

Editor P.A.Posted on16 June, 202018 June, 2020

Once the growth engine of Turkey’s $750 billion economy, consumers are setting their sights lower … Continue ReadingBloomberg: Turkey is struggling to undo lockdown damage

Turkey’s central bank: priority on production and government finances
Categories Economy Emerging Markets Finance

Turkey’s central bank: priority on production and government finances

Editor P.A.Posted on16 June, 202018 June, 2020

The central bank of Turkey governor Uysal in his speech at the 12th International Conference … Continue ReadingTurkey’s central bank: priority on production and government finances

Turkey’s home sales slump again
Categories Economy Emerging Markets

Turkey’s home sales slump again

Editor P.A.Posted on15 June, 202017 June, 2020

Sales of homes in Turkey fell sharply for the second consecutive month in May as … Continue ReadingTurkey’s home sales slump again

Turkey’s dismal fiscal performance that began long before COVID-19
Categories Economy Emerging Markets Finance

Turkey’s dismal fiscal performance that began long before COVID-19

Editor P.A.Posted on15 June, 202017 June, 2020

What goes around comes around to Turkey as well in terms of a rapidly widening … Continue ReadingTurkey’s dismal fiscal performance that began long before COVID-19

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