Categories Economy HIGHLIGHTS Turkey’s Consumer Confidence sinks in April Güldem AtabayPosted on22 April, 2021 Seasonally adjusted consumer confidence index decreased by 7.5% in April to 80.2 from the March … Continue ReadingTurkey’s Consumer Confidence sinks in April
Categories Economy HIGHLIGHTS Lira down on Erdogan’s reserve loss arguments and tensions with the US Güldem AtabayPosted on22 April, 202122 April, 2021 UPDATE: At 5 pm Turkey time, dollar/TL is trading at 8.30-31 Turkey’s lira skidded 2% … Continue ReadingLira down on Erdogan’s reserve loss arguments and tensions with the US
Categories Economy Emerging Markets HIGHLIGHTS Politics Turkey: Russia plays hardball over tourism amid Ukraine dispute Güldem AtabayPosted on22 April, 202122 April, 2021 Turkish tour operators, hotel owners and businesses based in Antalya in Turkey’s Riviera, which employs the bulk … Continue ReadingTurkey: Russia plays hardball over tourism amid Ukraine dispute
Categories Economy HIGHLIGHTS HYPED Politics Biden Preparing to Declare That Atrocities Against Armenia Were Genocide Güldem AtabayPosted on22 April, 2021 More than a century after the Ottoman Empire’s killing of an estimated 1.5 million Armenian civilians, … Continue ReadingBiden Preparing to Declare That Atrocities Against Armenia Were Genocide
Categories Economy Güldem Atabay HIGHLIGHTS Politics Güldem Atabay: The Death of a Central Bank Güldem AtabayPosted on22 April, 2021 The Turkish central bank’s Monetary Policy Committee (MPC) kept the benchmark interest rate steady at … Continue ReadingGüldem Atabay: The Death of a Central Bank
Categories Economy HIGHLIGHTS Politics Erdogan on USD 128 billion undisclosed reserve sales; no new information lots of polemic Güldem AtabayPosted on21 April, 2021 Turkish President Recep Tayyip Erdogan said authorities used $165 billion of central bank foreign-currency reserves … Continue ReadingErdogan on USD 128 billion undisclosed reserve sales; no new information lots of polemic
Categories Company & Industry Economy HIGHLIGHTS Alamos Gold files $1 billion claim against Turkey after mine project halted Güldem AtabayPosted on20 April, 2021 Alamos Gold Inc. of Canada filed a legal claim against Turkey for unfair expropriation and … Continue ReadingAlamos Gold files $1 billion claim against Turkey after mine project halted
Categories Economy Share of children in Turkey’s population declining Güldem AtabayPosted on20 April, 202120 April, 2021 Turkish Statistical Office (TURKSTAT) announced while Turkey’s population was 83 million 614 thousand 362 people … Continue ReadingShare of children in Turkey’s population declining
Categories Economy HIGHLIGHTS Swapgate: AKP’s efforts to justify 128 billion dollar reserve meltdown continue Güldem AtabayPosted on20 April, 2021 Turkey’s decision to keep interest rates at below inflation last year was a one-off necessitated … Continue ReadingSwapgate: AKP’s efforts to justify 128 billion dollar reserve meltdown continue
Categories Economy HIGHLIGHTS Politics Turkey Finance Minister Says FX sales were legal and calls on Cenbank to publish FX sale data Güldem AtabayPosted on19 April, 2021 It would be “beneficial” for the central bank to publish the data on the use … Continue ReadingTurkey Finance Minister Says FX sales were legal and calls on Cenbank to publish FX sale data
Categories Economy Finance HIGHLIGHTS Central Bank Governor’ explanation on 128 billion dollar fx reserve meltdown: Yet the question remains Güldem AtabayPosted on16 April, 2021 Shahap Kavcioglu, Governor of the Central Bank of the Republic of Turkey, responded to allegations … Continue ReadingCentral Bank Governor’ explanation on 128 billion dollar fx reserve meltdown: Yet the question remains
Categories Company & Industry Economy HIGHLIGHTS Turkey bans crypto payments citing risks, hits Bitcoin price Güldem AtabayPosted on16 April, 2021 Turkey’s central bank banned the use of cryptocurrencies and crypto assets to purchase goods and … Continue ReadingTurkey bans crypto payments citing risks, hits Bitcoin price
Categories Economy General HIGHLIGHTS Politics Erdogan Is Turning Turkey Into a Chinese Client State Güldem AtabayPosted on16 April, 2021 Turkish President Recep Tayyip Erdogan used to send shockwaves to Beijing with his outspoken support … Continue ReadingErdogan Is Turning Turkey Into a Chinese Client State
Categories Economy Emerging Markets Finance General HIGHLIGHTS HYPED Politics The real story behind Turkey’s 128 bn dollar fx reserve loss I Kerim Rota Güldem AtabayPosted on15 April, 2021 Is it possible to return to the Roulette table? How did the “reserve leakage” arise? … Continue ReadingThe real story behind Turkey’s 128 bn dollar fx reserve loss I Kerim Rota
Categories Economy General HIGHLIGHTS Policy rate kept at 19 percent; so when is the next rate cut? Güldem AtabayPosted on15 April, 2021 Turkey’s central bank held rates steady at 19% as expected on Thursday and dropped a … Continue ReadingPolicy rate kept at 19 percent; so when is the next rate cut?
Categories Economy HIGHLIGHTS Erdogan’s new dove: Five questions for Turkey’s central bank Güldem AtabayPosted on14 April, 202114 April, 2021 Turkey’s fourth central bank chief in less than two years will oversee his first policy … Continue ReadingErdogan’s new dove: Five questions for Turkey’s central bank
Categories Economy HIGHLIGHTS Turkey’s economy seen regaining pace, expanding 4.8 percent in 2021 Güldem AtabayPosted on14 April, 2021 Turkey’s economy will grow 4.8% in 2021, rebounding strongly from a slump brought on by … Continue ReadingTurkey’s economy seen regaining pace, expanding 4.8 percent in 2021
Categories HIGHLIGHTS Politics Kavala, Demirtas and now Altan: ECHR rules Turkish writer Altan’s rights were violated Güldem AtabayPosted on13 April, 2021 Europe’s top human rights court ruled on Tuesday that the right to liberty and freedom … Continue ReadingKavala, Demirtas and now Altan: ECHR rules Turkish writer Altan’s rights were violated
Categories Economy Finance General HIGHLIGHTS Turkey’s Halkbank urges end of U.S. prosecution alleging Iran sanctions violations Güldem AtabayPosted on13 April, 2021 A lawyer for Halkbank told a U.S. appeals court on Monday that the state-owned Turkish … Continue ReadingTurkey’s Halkbank urges end of U.S. prosecution alleging Iran sanctions violations
Categories Economy General HIGHLIGHTS Citi cuts Turkey growth forecast to 3.4%, sees no case for rate cuts Güldem AtabayPosted on13 April, 2021 Citi cut its 2021 economic growth estimate for Turkey on Tuesday to 3.4% from 4%, … Continue ReadingCiti cuts Turkey growth forecast to 3.4%, sees no case for rate cuts
