Categories General Turkish gov’t policy causing destruction of middle class, warn researchers Güldem AtabayPosted on15 June, 2022 Turkey’s ENAG Inflation Research Group has warned that the government is causing the destruction of … Continue ReadingTurkish gov’t policy causing destruction of middle class, warn researchers
Categories Economy Finance General HIGHLIGHTS Markets Turkey Wants to Claw Back More Dollars With Cheap Exporter Loans Güldem AtabayPosted on13 June, 2022 Turkey is making another effort to arrest a precipitous decline in its currency by dangling … Continue ReadingTurkey Wants to Claw Back More Dollars With Cheap Exporter Loans
Categories Economy General HIGHLIGHTS Turkey Credit Default Swaps Jump to 19-Year High Amid Lira Woes Güldem AtabayPosted on13 June, 2022 The cost to insure against a debt default by Turkey’s government in the next five … Continue ReadingTurkey Credit Default Swaps Jump to 19-Year High Amid Lira Woes
Categories Economy HIGHLIGHTS Lira Swings, CDS Surge as New Measures Fail to Ease Concerns Güldem AtabayPosted on10 June, 2022 The Turkish lira whipsawed with surging credit-default swaps as investors appeared underwhelmed by the series … Continue ReadingLira Swings, CDS Surge as New Measures Fail to Ease Concerns
Categories Economy HIGHLIGHTS UPDATE (yield added): Turkey Announces New, Revenue-Indexed Bonds to Bolster Lira Güldem AtabayPosted on10 June, 202210 June, 2022 On Friday evening, the Treasury disclosed the details of the revenue-indexed bonds. The base-line revenues … Continue ReadingUPDATE (yield added): Turkey Announces New, Revenue-Indexed Bonds to Bolster Lira
Categories Economy HIGHLIGHTS Politics Venezuelan President Maduro visits Turkey, meets Erdogan Güldem AtabayPosted on8 June, 2022 Venezuelan President Nicolas Maduro will pay a two-day official visit to Turkey beginning on Tuesday, … Continue ReadingVenezuelan President Maduro visits Turkey, meets Erdogan
Categories Economy HIGHLIGHTS S&P warns: Turkey risks introducing additional capital controls Güldem AtabayPosted on8 June, 2022 International credit rating agency Standard & Poor’s (S&P) said Turkey is at increased risk of … Continue ReadingS&P warns: Turkey risks introducing additional capital controls
Categories General HIGHLIGHTS 14.8 million people in Turkey suffer from undernourishment: UN report Güldem AtabayPosted on8 June, 2022 Some 14.8 million out of 82.3 million people in Turkey have insufficient food consumption as … Continue Reading14.8 million people in Turkey suffer from undernourishment: UN report
Categories Economy General HIGHLIGHTS UPDATE: Russia and Turkey raise hopes of grain export corridor from Ukraine Güldem AtabayPosted on8 June, 20228 June, 2022 UPDATE: Grain Talks in Ankara Show No Signs of Progress (Bloomberg) — Talks between Russia … Continue ReadingUPDATE: Russia and Turkey raise hopes of grain export corridor from Ukraine
Categories Economy HIGHLIGHTS Markets Lira Sinks to 17 Per Dollar as Erdogan Rate Talk Fuels Forex Demand Güldem AtabayPosted on8 June, 20228 June, 2022 Turkey’s lira tumbled beyond 17 per dollar for the first time since December amid a … Continue ReadingLira Sinks to 17 Per Dollar as Erdogan Rate Talk Fuels Forex Demand
Categories Economy HIGHLIGHTS Turkey Targets Lira Short Selling by Focusing on Niche Bonds Güldem AtabayPosted on3 June, 2022 Turkey is planning to restrict purchases by domestic investors of new lira bonds sold by … Continue ReadingTurkey Targets Lira Short Selling by Focusing on Niche Bonds
Categories Economy HIGHLIGHTS Bloomberg HT Consumer Confidence Index fell 10.1 percent in May Güldem AtabayPosted on1 June, 2022 Bloomberg HT Consumer Confidence Index fell 10.10 percent in May compared to the previous month … Continue ReadingBloomberg HT Consumer Confidence Index fell 10.1 percent in May
Categories Economy HIGHLIGHTS Istanbul inflation at 87.4 percent in may as the official figure is due for Friday Güldem AtabayPosted on1 June, 20221 June, 2022 Istanbul inflation, which is considered the leading indicator for the TURKSTAT Turkey-wide inflation data to … Continue ReadingIstanbul inflation at 87.4 percent in may as the official figure is due for Friday
Categories Economy HIGHLIGHTS Turkey manufacturing PMI: Below 50,0 benchmark-again Güldem AtabayPosted on1 June, 2022 Turkey’s headline PMI was unchanged at 49.2 in May. The reading signalled a third successive … Continue ReadingTurkey manufacturing PMI: Below 50,0 benchmark-again
Categories Economy HIGHLIGHTS Turkey’s 1Q22 GDP growth at 7.3 percent- inflation surge speeds up consumption Güldem AtabayPosted on31 May, 2022 Turkey’s annual economic growth for 2Q22 is 7.3 percent led by consumer spending and exports. … Continue ReadingTurkey’s 1Q22 GDP growth at 7.3 percent- inflation surge speeds up consumption
Categories HIGHLIGHTS Markets Turkish Quest to Hedge Inflation Fuels World-Beating Stocks Boom Güldem AtabayPosted on31 May, 2022 Turkish stocks have outpaced every equity market in the world this year in local currency … Continue ReadingTurkish Quest to Hedge Inflation Fuels World-Beating Stocks Boom
Categories Economy HIGHLIGHTS Politics What Turkey Wants From Sweden and Finland in NATO Expansion Spat Güldem AtabayPosted on17 May, 2022 As Turkey threatens to block bids to join NATO by Sweden and Finland in the wake of … Continue ReadingWhat Turkey Wants From Sweden and Finland in NATO Expansion Spat
Categories Economy General HIGHLIGHTS Lira Plunges Ninth Day as Turkish Banks Cut Down Dollar Sales Güldem AtabayPosted on17 May, 2022 Turkey’s lira tumbled for a ninth day, hitting a new low for the year, as … Continue ReadingLira Plunges Ninth Day as Turkish Banks Cut Down Dollar Sales
Categories Economy HIGHLIGHTS Politics Top court upholds prison sentence to CHP’s İstanbul Chair Güldem AtabayPosted on12 May, 2022 The Supreme Court of Appeals upheld the prison sentence given to main opposition Republican People’s … Continue ReadingTop court upholds prison sentence to CHP’s İstanbul Chair
Categories Economy Emerging Markets Finance HIGHLIGHTS Markets Politics FT: Turkey dials up the pressure on banks as lira slides Güldem AtabayPosted on12 May, 2022 Turkish authorities have raised the pressure on the country’s banks to limit corporate clients’ purchases of foreign … Continue ReadingFT: Turkey dials up the pressure on banks as lira slides
