Categories Economy HIGHLIGHTS Turkey PMI at 46,9: seven months of consecutive contraction Güldem AtabayPosted on3 October, 20223 October, 2022 The latest PMI® survey data from Istanbul Chamber of Industry and S&P Global signalled a … Continue ReadingTurkey PMI at 46,9: seven months of consecutive contraction
Categories Economy Finance HIGHLIGHTS Erdogan Says He Wants Turkey’s Interest Rate in Single Digits This Year Güldem AtabayPosted on28 September, 2022 Turkey’s President Recep Tayyip Erdogan called for the central bank to continue cutting its main … Continue ReadingErdogan Says He Wants Turkey’s Interest Rate in Single Digits This Year
Categories Economy HIGHLIGHTS Politics Turkish State Banks Set to Exit Russia’s Mir on US Warning Güldem AtabayPosted on27 September, 2022 Turkish state banks are planning to exit a payment system used by Russians, a dramatic … Continue ReadingTurkish State Banks Set to Exit Russia’s Mir on US Warning
Categories Economy Finance HIGHLIGHTS Turkey is hoping for a currency swap deal with Saudi Arabia Güldem AtabayPosted on26 September, 202226 September, 2022 Saudi Arabia’s Crown Prince Mohammed bin Salman received Turkey’s Presidential spokesman Dr. Ibrahim Kalin and … Continue ReadingTurkey is hoping for a currency swap deal with Saudi Arabia
Categories Business HYPED New Threat to Turkish Inflation: Low Raw Milk Prices Güldem AtabayPosted on24 September, 2022 Turkey’s inflation-fighting decision to keep wholesale milk prices unchanged in September despite a jump … Continue ReadingNew Threat to Turkish Inflation: Low Raw Milk Prices
Categories Economy Finance HIGHLIGHTS Turkey: The Central Bank of Turkey delivers another 100bp rate cut Güldem AtabayPosted on22 September, 2022 Citing evidence pointing to momentum loss in economic activity, the CBT cut the policy rate … Continue ReadingTurkey: The Central Bank of Turkey delivers another 100bp rate cut
Categories Economy HIGHLIGHTS Politics Poll: All opposition candidates lead Erdoğan in Kurdish-majority provinces Güldem AtabayPosted on21 September, 2022 The main opposition CHP has gained support in the region. Erdoğan’s AKP still in the … Continue ReadingPoll: All opposition candidates lead Erdoğan in Kurdish-majority provinces
Categories Economy Finance HIGHLIGHTS Markets Banks Intervene in Turkey Market Mayhem in Relief for Brokerages Güldem AtabayPosted on21 September, 2022 Key Turkish banks are buying back shares after stocks reversed an unprecedented rally last week, … Continue ReadingBanks Intervene in Turkey Market Mayhem in Relief for Brokerages
Categories Company & Industry Finance General HIGHLIGHTS Markets Turkey Rules Out Urgent Intervention in Stock Market Rout Güldem AtabayPosted on20 September, 2022 Reported by Bloomberg/Kerim Karakaya, Turkey has no plans to immediately intervene in its plunging stock … Continue ReadingTurkey Rules Out Urgent Intervention in Stock Market Rout
Categories HIGHLIGHTS Politics Demirtaş: What would happen if Erdoğan’s diploma turns out to be fake? Güldem AtabayPosted on19 September, 2022 Renowned Kurdish politician has penned an opinion piece for Gazete Duvar from Edirne Prison about … Continue ReadingDemirtaş: What would happen if Erdoğan’s diploma turns out to be fake?
Categories Economy HIGHLIGHTS Politics Russians’ Mir credit cards rejected in Turkish hotels as West pressures Ankara Güldem AtabayPosted on15 September, 2022 Some hotels in Turkey have stopped accepting Russian credit cards using the Mir payment system, according to Russian media … Continue ReadingRussians’ Mir credit cards rejected in Turkish hotels as West pressures Ankara
Categories Business Economy HIGHLIGHTS Qatar Investment Authority becomes a partner in Turkey’s Eurasia Tunnel Güldem AtabayPosted on13 September, 2022 The Qatar Investment Authority (QIA) has bought a stake in the Eurasia Tunnel company in … Continue ReadingQatar Investment Authority becomes a partner in Turkey’s Eurasia Tunnel
Categories Economy HIGHLIGHTS Politics Erdogan Vows Half-Million New Homes in $50 Billion Vote Push Güldem AtabayPosted on13 September, 2022 Turkish President Recep Tayyip Erdogan unveiled plans to spend $50 billion building 500,000 new homes … Continue ReadingErdogan Vows Half-Million New Homes in $50 Billion Vote Push
Categories Economy Finance HIGHLIGHTS Mystery Money Flows Help Turkey Finance Widening Foreign Gap Güldem AtabayPosted on13 September, 2022 Mystery capital flows into Turkey have reached new highs, allowing policy makers to boost foreign … Continue ReadingMystery Money Flows Help Turkey Finance Widening Foreign Gap
Categories Economy Finance HIGHLIGHTS Politics Turkey’s Odd Bond Yields Show a Market Warped by Erdogan Güldem AtabayPosted on13 September, 2022 Turkish debt markets are becoming increasingly disconnected from economic reality as the government’s lira and … Continue ReadingTurkey’s Odd Bond Yields Show a Market Warped by Erdogan
Categories Economy HIGHLIGHTS Turkish Inflation Calculations Clash After State Data Overhaul Güldem AtabayPosted on8 September, 2022 Multi-decade high levels of inflation afflicting Turkey are turning into a two-track crisis that depends … Continue ReadingTurkish Inflation Calculations Clash After State Data Overhaul
Categories Economy HIGHLIGHTS Turkey Plans New Loan Stimulus to Spur Growth Before Vote Güldem AtabayPosted on6 September, 2022 Turkey is priming a new round of cheap loans for businesses through a government-backed program, … Continue ReadingTurkey Plans New Loan Stimulus to Spur Growth Before Vote
Categories Economy HIGHLIGHTS Turkey Raises Inflation Estimates, Sees Record Trade Deficit Güldem AtabayPosted on4 September, 2022 Turkey raised the country’s full-year inflation forecast to 65%, a sign that soaring prices will … Continue ReadingTurkey Raises Inflation Estimates, Sees Record Trade Deficit
Categories Economy HIGHLIGHTS Mustafa Sonmez: Turkey’s ‘covert’ interest payments on course to exceed regular ones Güldem AtabayPosted on24 August, 2022 The compensations — or “covert” interest — that Ankara pays to depositors under a scheme to curb … Continue ReadingMustafa Sonmez: Turkey’s ‘covert’ interest payments on course to exceed regular ones
Categories Economy HIGHLIGHTS Strong tourism season in Turkey Güldem AtabayPosted on24 August, 202224 August, 2022 Turkey has attracted over 23 million international visitors in the first seven months of the … Continue ReadingStrong tourism season in Turkey
