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Author: Güldem Atabay

Turkey’s manufacturing exports at stagnation point
Categories Economy HIGHLIGHTS

Turkey’s manufacturing exports at stagnation point

Güldem AtabayPosted on8 August, 2023

The July data indicated that demand conditions for Turkish manufacturing industry exporters were approaching stagnation. … Continue ReadingTurkey’s manufacturing exports at stagnation point

Turkish cenbank governor, finmin to attend JP Morgan investor meeting on Friday
Categories Economy HIGHLIGHTS

Turkish cenbank governor, finmin to attend JP Morgan investor meeting on Friday

Güldem AtabayPosted on3 August, 2023

Turkish Central Bank Governor Hafize Gaye Erkan and Finance Minister Mehmet Simsek will attend a … Continue ReadingTurkish cenbank governor, finmin to attend JP Morgan investor meeting on Friday

Turkey’s foreign trade deficit surpassed 73 billion dollars in 7 months!
Categories Economy HIGHLIGHTS

Turkey’s foreign trade deficit surpassed 73 billion dollars in 7 months!

Güldem AtabayPosted on3 August, 2023

In July, Turkey’s foreign trade deficit increased by 15.7% to reach 12.4 billion dollars. As … Continue ReadingTurkey’s foreign trade deficit surpassed 73 billion dollars in 7 months!

Turkish inflation has risen to the highest level since January 2022
Categories Economy HIGHLIGHTS

Turkish inflation has risen to the highest level since January 2022

Güldem AtabayPosted on3 August, 2023

Following the release of the inflation data, market attention shifted to exchange rates and gold … Continue ReadingTurkish inflation has risen to the highest level since January 2022

Turkiye annual inflation to rebound to 47.3% after tax hikes, lira decline
Categories Economy HIGHLIGHTS

Turkiye annual inflation to rebound to 47.3% after tax hikes, lira decline

Güldem AtabayPosted on2 August, 2023

Turkiye’s monthly inflation is seen at 9.1 per cent in July due to various tax … Continue ReadingTurkiye annual inflation to rebound to 47.3% after tax hikes, lira decline

Inflation hurts: Headline PMI posts 49.9 in July
Categories Economy HIGHLIGHTS

Inflation hurts: Headline PMI posts 49.9 in July

Güldem AtabayPosted on1 August, 2023

Business conditions were broadly stable in the Turkish manufacturing sector during July as recent sequences … Continue ReadingInflation hurts: Headline PMI posts 49.9 in July

Turkish doctors continue to seek work abroad amid ongoing problems
Categories General HIGHLIGHTS

Turkish doctors continue to seek work abroad amid ongoing problems

Güldem AtabayPosted on1 August, 2023

Data shows that 288 Turkish doctors applied for the certificate last month alone, bringing the … Continue ReadingTurkish doctors continue to seek work abroad amid ongoing problems

Inflation soars in Istanbul, hitting nearly 64% annually
Categories Economy HIGHLIGHTS

Inflation soars in Istanbul, hitting nearly 64% annually

Güldem AtabayPosted on1 August, 2023

Prices for health, household goods, education, entertainment, transport, communication, housing, and food rose significantly compared … Continue ReadingInflation soars in Istanbul, hitting nearly 64% annually

Turkish Central Bank implements quantitative tightening as new regulations take effect
Categories Economy HIGHLIGHTS

Turkish Central Bank implements quantitative tightening as new regulations take effect

Güldem AtabayPosted on25 July, 2023

The Turkish Central Bank has implemented “quantitative tightening” measures, including new regulations exempting export and … Continue ReadingTurkish Central Bank implements quantitative tightening as new regulations take effect

Turkey’s central bank raises interest rate less than expected, to 17.5%
Categories Economy HIGHLIGHTS

Turkey’s central bank raises interest rate less than expected, to 17.5%

Güldem AtabayPosted on21 July, 2023

Turkey’s central bank on Thursday hiked its key interest rate by 250 basis points to … Continue ReadingTurkey’s central bank raises interest rate less than expected, to 17.5%

Turkey: Price of fuel climbs up by over 20% after increase in taxes
Categories Economy HIGHLIGHTS

Turkey: Price of fuel climbs up by over 20% after increase in taxes

Güldem AtabayPosted on17 July, 2023

In a flurry of tax hikes, the price of gasoline, diesel oil and natural gas … Continue ReadingTurkey: Price of fuel climbs up by over 20% after increase in taxes

Turkish budget deficit soars to $8.37 billion, Finance Minister calls for cost-saving measures
Categories Economy HIGHLIGHTS

Turkish budget deficit soars to $8.37 billion, Finance Minister calls for cost-saving measures

Güldem AtabayPosted on17 July, 2023

Turkish Finance Minister Mehmet Simsek has implemented measures to address the widening budget deficit, including … Continue ReadingTurkish budget deficit soars to $8.37 billion, Finance Minister calls for cost-saving measures

Tim Ash: Turkey economic outlook- A game of jenga
Categories Economy HIGHLIGHTS

Tim Ash: Turkey economic outlook- A game of jenga

Güldem AtabayPosted on17 July, 2023

I spent the week in Turkey, visiting Istanbul and Ankara, meeting the usual mix of … Continue ReadingTim Ash: Turkey economic outlook- A game of jenga

FT: Turkey triples petrol taxes as Erdoğan tries to repair public finances
Categories Economy General HIGHLIGHTS

FT: Turkey triples petrol taxes as Erdoğan tries to repair public finances

Güldem AtabayPosted on17 July, 2023

Measure prompts concerns over higher inflation after increases in value added tax. Turkey has tripled … Continue ReadingFT: Turkey triples petrol taxes as Erdoğan tries to repair public finances

Categories Economy HIGHLIGHTS Politics

Sweden’s Supreme Court rules against extradition of two Turkish citizens

Güldem AtabayPosted on14 July, 2023

Downloading and using a mobile application do not equate to participation in a terrorist organization, … Continue ReadingSweden’s Supreme Court rules against extradition of two Turkish citizens

Court of Cassation rejects release of Can Atalay
Categories HIGHLIGHTS Politics

Court of Cassation rejects release of Can Atalay

Güldem AtabayPosted on14 July, 2023

Article 83 of the Constitution states that “An MP who is alleged to have committed … Continue ReadingCourt of Cassation rejects release of Can Atalay

Categories Economy HIGHLIGHTS

Housing sales plunge by 44.4% in Turkey as market faces steep decline

Güldem AtabayPosted on14 July, 2023

A total of 83,636 units sold in June in Turkey, while mortgage-based sales and second-hand … Continue ReadingHousing sales plunge by 44.4% in Turkey as market faces steep decline

Turkish finance minister, c. bank chief to visit Saudi Arabia ahead of Erdogan visit
Categories Economy HIGHLIGHTS Politics

Turkish finance minister, c. bank chief to visit Saudi Arabia ahead of Erdogan visit

Güldem AtabayPosted on12 July, 2023

Turkey’s finance minister and central bank governor will travel to Saudi Arabia on Wednesday to meet … Continue ReadingTurkish finance minister, c. bank chief to visit Saudi Arabia ahead of Erdogan visit

Murat Yetkin: What did Türkiye gain by Erdoğan’s ok to Sweden
Categories HIGHLIGHTS Politics

Murat Yetkin: What did Türkiye gain by Erdoğan’s ok to Sweden

Güldem AtabayPosted on11 July, 2023

President Tayyip Erdoğan left Türkiye on July 10 to attend NATO Summit in Lithuania saying, … Continue ReadingMurat Yetkin: What did Türkiye gain by Erdoğan’s ok to Sweden

Peskov: We hope Turkey’s relationship with Ukraine will not be aimed against us
Categories HIGHLIGHTS Politics

Peskov: We hope Turkey’s relationship with Ukraine will not be aimed against us

Güldem AtabayPosted on11 July, 2023

Kremlin spokesman has described relations between Russia and Turkey as “quite close” and “mutually beneficial” … Continue ReadingPeskov: We hope Turkey’s relationship with Ukraine will not be aimed against us

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