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
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
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!
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
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
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
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
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
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
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%
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
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
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
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
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
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
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
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
