Categories Business Company & Industry Economy HIGHLIGHTS Economist: Halal products show great potential in the market Cem CetingucPosted on28 November, 202228 November, 2022 The economy around halal products — those meeting Islamic standards — has a very bright … Continue ReadingEconomist: Halal products show great potential in the market
Categories Business HIGHLIGHTS Politics Fitch election forecast: Erdogan keeps his job, loses the legislature Atilla YeşiladaPosted on26 November, 2022 At Fitch Solutions, we have outlined three possible scenarios for Turkey’s upcoming elections (scheduled for … Continue ReadingFitch election forecast: Erdogan keeps his job, loses the legislature
Categories Business Company & Industry HIGHLIGHTS HP to layoff 6,000 employees due to global economy Cem CetingucPosted on24 November, 2022 PC-maker Hewlett Packard on Nov. 22 said it would layoff as many as 6,000 employees over the … Continue ReadingHP to layoff 6,000 employees due to global economy
Categories Business Economy General HIGHLIGHTS Turkish e-commerce volume increases 116 percent Cem CetingucPosted on22 November, 202222 November, 2022 E-commerce trade volume in Türkiye soared 116 percent year-on-year in the first half of 2022 to stand … Continue ReadingTurkish e-commerce volume increases 116 percent
Categories Business Economy Finance HIGHLIGHTS Fitch warns Turkish lenders about rising risks Cem CetingucPosted on17 November, 2022 Fitch Ratings-London/Dubai-16 November 2022: Turkish banks’ refinancing risks have increased further as macroeconomic imbalances rise, … Continue ReadingFitch warns Turkish lenders about rising risks
Categories Business General HIGHLIGHTS Who are the richest people in Turkey? Cem CetingucPosted on16 November, 2022 As of November 12, 2022, Ibrahim Erdemoglu was the wealthiest man in Turkey, with an estimated … Continue ReadingWho are the richest people in Turkey?
Categories Business Finance HIGHLIGHTS Turkish Central Bank’s high-wire act to control the exchange rate Atilla YeşiladaPosted on12 November, 2022 (Reuters) – Turkey’s central bank has put the finishing touches to a reserve-management system that … Continue ReadingTurkish Central Bank’s high-wire act to control the exchange rate
Categories Business HIGHLIGHTS Reuters: Turkey began paying for Russian natural gas in roubles Atilla YeşiladaPosted on9 November, 2022 Turkey has started paying for some its natural gas from Russia in roubles, Turkish Energy … Continue ReadingReuters: Turkey began paying for Russian natural gas in roubles
Categories Business Company & Industry Finance HIGHLIGHTS TUPRS: Reflecting 3Q beat; tight diesel supply Cem CetingucPosted on9 November, 2022 We increase our TP for Tupras to TRY422.60 (from TRY341.40 previously) as we add the … Continue ReadingTUPRS: Reflecting 3Q beat; tight diesel supply
Categories Business Finance HIGHLIGHTS Central Bank and commercial lenders involved in a stare-down Atilla YeşiladaPosted on8 November, 2022 The Turkish Central Bank is telling top bank executives in ongoing talks that it will … Continue ReadingCentral Bank and commercial lenders involved in a stare-down
Categories Business Company & Industry HIGHLIGHTS Turkish banks face tough market in FX loan refinancing Atilla YeşiladaPosted on4 November, 2022 Turkey’s current account deficit (CAD) is expected to hit $60 bn by YE2022, and not … Continue ReadingTurkish banks face tough market in FX loan refinancing
Categories Business HIGHLIGHTS Fatih Ozatay: Nettlesome PPP guarantees should be revised Atilla YeşiladaPosted on4 November, 2022 Within the framework of the public-private partnership (PPP) model, income guarantees, which impose a significant … Continue ReadingFatih Ozatay: Nettlesome PPP guarantees should be revised
Categories Business HIGHLIGHTS Systemic Risk Alert as Turkish Economy Heads for Election Atilla YeşiladaPosted on4 November, 2022 Turkey increasingly has based her growth model on credit expansion since 2016. Yet, Turkey has … Continue ReadingSystemic Risk Alert as Turkish Economy Heads for Election
Categories Business Company & Industry General HIGHLIGHTS HYPED BOTAS signs new gas deal with the National Iranian Gas Co. Cem CetingucPosted on4 November, 2022 Turkey’s state-owned energy company, BOTAS Petroleum Pipeline Corporation, has signed a new deal with the … Continue ReadingBOTAS signs new gas deal with the National Iranian Gas Co.
Categories Business General HIGHLIGHTS CBRT warns lenders against conducting forex transactions during “off hours” Cem CetingucPosted on4 November, 2022 Turkey’s central bank sent a letter to local lenders on Monday, warning them against conducting … Continue ReadingCBRT warns lenders against conducting forex transactions during “off hours”
Categories Business General HYPED Russia: Ship Traffic Through Grain Corridor Is ‘Unacceptable’—NYT Atilla YeşiladaPosted on1 November, 2022 After suspending its participation in a grain deal brokered by Turkey and the U.N., Moscow … Continue ReadingRussia: Ship Traffic Through Grain Corridor Is ‘Unacceptable’—NYT
Categories Business General HIGHLIGHTS HYPED Politics Turkey to play pivotal role in EU-Russia gas crisis Cem CetingucPosted on31 October, 2022 With Russia curtailing natural gas supplies to Europe, the European Union is scrambling to find … Continue ReadingTurkey to play pivotal role in EU-Russia gas crisis
Categories Business General HYPED Russia halts Ukraine grain export deal—Reuters Atilla YeşiladaPosted on29 October, 2022 Russia on Saturday suspended participation in a U.N.-brokered Black Sea grain deal after what it … Continue ReadingRussia halts Ukraine grain export deal—Reuters
Categories Business Company & Industry General HIGHLIGHTS GEM Digital invests 50M dollars on Manc to boost global expansion Cem CetingucPosted on27 October, 202227 October, 2022 The Turkish developer Manc has reported a $50m investment for their Mancium mobile game token. … Continue ReadingGEM Digital invests 50M dollars on Manc to boost global expansion
Categories Business HIGHLIGHTS Markets TEB Invest banking report: Still solid despite headwinds Atilla YeşiladaPosted on27 October, 2022 Investment thesis Despite a raft of banking sector regulations since our last strategy report, (see: … Continue ReadingTEB Invest banking report: Still solid despite headwinds
