Categories Economy HIGHLIGHTS Annual inflation in Istanbul skyrockets to 74.2 percent in August Güldem AtabayPosted on1 September, 2023 Istanbul experienced an 8.8% monthly inflation in August 2023, with sectors like transport seeing the … Continue ReadingAnnual inflation in Istanbul skyrockets to 74.2 percent in August
Categories HIGHLIGHTS Politics Erdogan set to discuss Ukrainian grain deal with Putin in Russia Güldem AtabayPosted on29 August, 2023 Turkish President Erdogan is set to visit Russia to discuss the halted Ukrainian grain-export deal … Continue ReadingErdogan set to discuss Ukrainian grain deal with Putin in Russia
Categories Economy HIGHLIGHTS Economist praises interest rate hike in Turkey, but says “I’m not sure if rest will come” Güldem AtabayPosted on29 August, 2023 Internationally acclaimed economist Daron Acemoglu has said that a hawkish interest rate hike by Central … Continue ReadingEconomist praises interest rate hike in Turkey, but says “I’m not sure if rest will come”
Categories Economy HIGHLIGHTS Politics Turkish court blocks VOA Turkish over licensing issue Güldem AtabayPosted on29 August, 2023 A Turkish court blocked access to the Voice of America’s Turkish service due to a … Continue ReadingTurkish court blocks VOA Turkish over licensing issue
Categories Economy HIGHLIGHTS Turkey’s economic confidence index plummets in August Güldem AtabayPosted on29 August, 2023 The Turkish Statistical Institute (TUIK) released the economic confidence index data for August, revealing a … Continue ReadingTurkey’s economic confidence index plummets in August
Categories Economy HIGHLIGHTS Guldem Atabay: Turkey’s central bank is now talking: 750 bp rate hike along with further tightening promises Güldem AtabayPosted on24 August, 202324 August, 2023 In today’s Monetary Policy Committee (PPK) meeting, the Central Bank of Turkey (TCMB) implemented a … Continue ReadingGuldem Atabay: Turkey’s central bank is now talking: 750 bp rate hike along with further tightening promises
Categories Economy General HIGHLIGHTS Turkey’s consumer confidence sinks following fresh taxes on consumption Güldem AtabayPosted on23 August, 2023 Accelerating inflation, a depreciating Turkish lira, new taxes on consumption, and the brakes applied to … Continue ReadingTurkey’s consumer confidence sinks following fresh taxes on consumption
Categories Economy HIGHLIGHTS Politics Sock manufacturer’s ghost fleet: Turkish companies allegedly enable Russian sanction evasion Güldem AtabayPosted on18 August, 202318 August, 2023 Turkish company Beks Ship Management, originally in the sock manufacturing business, has allegedly become a … Continue ReadingSock manufacturer’s ghost fleet: Turkish companies allegedly enable Russian sanction evasion
Categories Economy HIGHLIGHTS Murat Kubilay: The successes and failures of Turkey’s new economic team Güldem AtabayPosted on15 August, 2023 It has been two months since Turkey’s new economic team took over and some progress has been … Continue ReadingMurat Kubilay: The successes and failures of Turkey’s new economic team
Categories Economy HIGHLIGHTS Moody’s May Upgrade Turkey If Market-Friendly Policies Continue Güldem AtabayPosted on10 August, 2023 Moody’s Investors Service said Turkey’s credit rating could be upgraded if orthodox policies introduced since … Continue ReadingMoody’s May Upgrade Turkey If Market-Friendly Policies Continue
Categories Economy HIGHLIGHTS Insider: Minister Şimşek said, “Inflation doesn’t decrease through easy ways, it requires 2.5-3 years” Güldem AtabayPosted on9 August, 20239 August, 2023 At the “Economy and Consultation Meeting” attended by business representatives and seven ministers close to … Continue ReadingInsider: Minister Şimşek said, “Inflation doesn’t decrease through easy ways, it requires 2.5-3 years”
Categories HIGHLIGHTS Politics AKP to conduct a negative campaign and list endless promises in the 2024 local elections.” Güldem AtabayPosted on8 August, 2023 Gazete Pencere columnist Nuray Babacan stated that the ruling party is preparing to conduct a … Continue ReadingAKP to conduct a negative campaign and list endless promises in the 2024 local elections.”
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