Categories Economy HIGHLIGHTS Istanbul inflation surges to 19-year high to 50.9 percent Güldem AtabayPosted on1 February, 2022 Inflation in Istanbul announced by the Istanbul Chamber of Commerce (ITO) showed January 2022 Wage Earners’ … Continue ReadingIstanbul inflation surges to 19-year high to 50.9 percent
Categories HIGHLIGHTS Politics Al-Monitor: Can Israeli gas bridge Turkey-Israel rift? Güldem AtabayPosted on24 January, 2022 Turkish President Recep Tayyip Erdogan has raised the prospect of normalizing ties with Israel, saying … Continue ReadingAl-Monitor: Can Israeli gas bridge Turkey-Israel rift?
Categories Economy HIGHLIGHTS Politics Erdogan’s approval ratings up, as lira stabilises, yet still below 50 percent Güldem AtabayPosted on21 January, 202221 January, 2022 President Tayyip Erdogan’s approval rating rose 2.1 percentage points in January, a poll by Metropoll … Continue ReadingErdogan’s approval ratings up, as lira stabilises, yet still below 50 percent
Categories Economy HIGHLIGHTS Erdogan pledges to tackle record inflation in Turkey | DW News Güldem AtabayPosted on20 January, 2022 Turkish President Recep Tayyip Erdogan has pledged to bring down Turkey’s soaring inflation. Inflation jumped … Continue ReadingErdogan pledges to tackle record inflation in Turkey | DW News
Categories Economy Finance HIGHLIGHTS Turkish bank employees compelled to boost lira-defence scheme Güldem AtabayPosted on19 January, 2022 Turkey’s big state banks have set employee performance targets as they urge clients to convert … Continue ReadingTurkish bank employees compelled to boost lira-defence scheme
Categories Economy HIGHLIGHTS Politics Turkey’s Erdogan Shifts Tone to Signal Slower, Gradual Rate Cuts Güldem AtabayPosted on18 January, 2022 Turkey’s President Recep Tayyip Erdogan said borrowing costs will fall slowly and gradually, pulling back … Continue ReadingTurkey’s Erdogan Shifts Tone to Signal Slower, Gradual Rate Cuts
Categories Economy HIGHLIGHTS Politics Bloomberg: Turkey Can’t Defy the Laws of Economic Gravity Güldem AtabayPosted on18 January, 202218 January, 2022 President Recep Tayyip Erdogan of Turkey has spent much of the past year seeking and failing … Continue ReadingBloomberg: Turkey Can’t Defy the Laws of Economic Gravity
Categories Economy HIGHLIGHTS Crash of Turkey’s lira puts poor on the brink of existence | Focus on Europe-DW News Güldem AtabayPosted on16 January, 2022 Turkey’s economy is currently experiencing a rapid crash. The Turkish lira is losing value almost … Continue ReadingCrash of Turkey’s lira puts poor on the brink of existence | Focus on Europe-DW News
Categories Economy HIGHLIGHTS Politics Halkbank prosecution on hold for appeal from U.S. Supreme Court Güldem AtabayPosted on16 January, 2022 The 2nd U.S. Circuit Court of Appeals in Manhattan put the U.S. government’s prosecution of … Continue ReadingHalkbank prosecution on hold for appeal from U.S. Supreme Court
Categories Economy HIGHLIGHTS Politics 4.3 percent of Turkey’s undecided voters shifted back towards ruling AKP – pollster Güldem AtabayPosted on16 January, 2022 Turkey’s ruling Justice and Development Party (AKP) is recovering part of the vote it lost … Continue Reading4.3 percent of Turkey’s undecided voters shifted back towards ruling AKP – pollster
Categories General HIGHLIGHTS Politics Turkey launches first intelligence-gathering ship amid eastern Mediterranean tensions Güldem AtabayPosted on16 January, 2022 Turkey’s first intelligence-gathering ship TCG Ufuk entered service on Friday, with President Recep Tayyip Erdogan saying … Continue ReadingTurkey launches first intelligence-gathering ship amid eastern Mediterranean tensions
Categories Economy HIGHLIGHTS Erdogan vows to tame Turkish inflation as scepticism grows Güldem AtabayPosted on12 January, 2022 President Tayyip Erdogan promised on Wednesday to tame Turkey’s surging inflation, which hit 36% last … Continue ReadingErdogan vows to tame Turkish inflation as scepticism grows
Categories Economy HIGHLIGHTS Erdogan Sticks with Economic Policy as Turkey’s Inflation Rises, Currency Sinks Güldem AtabayPosted on12 January, 2022 Turkey’s economy had a difficult year, with its currency depreciating and inflation skyrocketing. Experts warn … Continue ReadingErdogan Sticks with Economic Policy as Turkey’s Inflation Rises, Currency Sinks
Categories Company & Industry Emerging Markets HIGHLIGHTS Getir to Seek $12 Billion Valuation in New Investment Round Güldem AtabayPosted on11 January, 202212 January, 2022 Turkish grocery delivery app Getir is looking to raise capital at a valuation of $12 billion in … Continue ReadingGetir to Seek $12 Billion Valuation in New Investment Round
Categories Economy HIGHLIGHTS Politics Turkey’s economic woes are hurting Erdogan – polls Güldem AtabayPosted on11 January, 2022 More Turks now believe an opposition alliance is better suited than President Tayyip Erdogan and … Continue ReadingTurkey’s economic woes are hurting Erdogan – polls
Categories Economy Emerging Markets General HIGHLIGHTS IMF: Emerging Economies Must Prepare for Fed Policy Tightening Güldem AtabayPosted on10 January, 2022 For most of last year, investors priced in a temporary rise in inflation in the … Continue ReadingIMF: Emerging Economies Must Prepare for Fed Policy Tightening
Categories Economy HIGHLIGHTS Turkey devises bonds to pay if banks lose from Erdogan Lira plan Güldem AtabayPosted on6 January, 2022 Turkey’s government is seeking approval to issue new bonds to compensate banks for possible losses … Continue ReadingTurkey devises bonds to pay if banks lose from Erdogan Lira plan
Categories Economy HIGHLIGHTS Privatized ports’ management may be extended to 49 years without tender Güldem AtabayPosted on6 January, 2022 The Parliament has approved a legislative proposal which foresees an increase in the fines imposed for stockpiling … Continue ReadingPrivatized ports’ management may be extended to 49 years without tender
Categories Economy HIGHLIGHTS AKP threatens limits to food exports to curb inflation Güldem AtabayPosted on6 January, 2022 The ruling Justice and Development Party (AKP) is threatening to impose export limits on basic … Continue ReadingAKP threatens limits to food exports to curb inflation
Categories Economy HIGHLIGHTS Turkish poverty threshold more than double minimum wage – union Güldem AtabayPosted on6 January, 2022 Turkey’s poverty threshold is a monthly 10,119.8 liras ($734) for a four-member family, more than … Continue ReadingTurkish poverty threshold more than double minimum wage – union