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
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
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
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
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
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
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
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
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
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
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
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%
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
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
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
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?
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
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
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
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
