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Category: Business

Business news from Turkey in English

Ukraine grain deal exports reach 30.3 million tons
Categories Business General HIGHLIGHTS Markets Politics

Ukraine grain deal exports reach 30.3 million tons

Cem CetingucPosted on25 May, 202325 May, 2023

Some 30.3 million tons of grain have been transported by 953 ships to the world market … Continue ReadingUkraine grain deal exports reach 30.3 million tons

Russia’s Tighter Ties With Fewer Friends Create Risks–for Turkey
Categories Business HYPED

Russia’s Tighter Ties With Fewer Friends Create Risks–for Turkey

Atilla YeşiladaPosted on20 May, 202320 May, 2023

Russia has managed to successfully market its oil volumes that have been shunned by the … Continue ReadingRussia’s Tighter Ties With Fewer Friends Create Risks–for Turkey

TPAO to open up 20 oil rigs in Şırnak province
Categories Business Company & Industry HIGHLIGHTS

TPAO to open up 20 oil rigs in Şırnak province

Cem CetingucPosted on10 May, 202310 May, 2023

Türkiye’s state oil company TPAO plans to open up to 20 oil rigs in the southeastern province of Şırnak … Continue ReadingTPAO to open up 20 oil rigs in Şırnak province

Russia makes gas price concessions to Turkey
Categories Business General HIGHLIGHTS Politics

Russia makes gas price concessions to Turkey

Cem CetingucPosted on4 May, 20234 May, 2023

Turkey has become Gazprom’s second international customer to finalise an agreement to defer part of … Continue ReadingRussia makes gas price concessions to Turkey

Turkey, Russia, Ukraine to discuss grain deal: DM
Categories Business HIGHLIGHTS Politics

Turkey, Russia, Ukraine to discuss grain deal: DM

Cem CetingucPosted on3 May, 20233 May, 2023

Deputy defense ministers of Ukraine, Russia and Türkiye are expected to meet in Istanbul on May 5 for talks on … Continue ReadingTurkey, Russia, Ukraine to discuss grain deal: DM

Prof Seda Demiralp: Economic turmoil has created an opening for Turkey’s opposition
Categories Business Economy HIGHLIGHTS

Prof Seda Demiralp: Economic turmoil has created an opening for Turkey’s opposition

Atilla YeşiladaPosted on2 May, 2023

Seda Demiralp is an associate professor of international relations at Isik University in Istanbul. Turkey … Continue ReadingProf Seda Demiralp: Economic turmoil has created an opening for Turkey’s opposition

COMMENTARY:  What happened in the Supreme Court Halkbank hearing?
Categories Business HYPED

COMMENTARY:  What happened in the Supreme Court Halkbank hearing?

Atilla YeşiladaPosted on22 April, 2023

After Supreme Court’s mixed verdict on Turkish lender, Halkbank, Reuters and CNBc.com posted articles to … Continue ReadingCOMMENTARY:  What happened in the Supreme Court Halkbank hearing?

Tight Election Puts Turkey’s  Energy Future in the Balance
Categories Business HIGHLIGHTS

Tight Election Puts Turkey’s  Energy Future in the Balance

Atilla YeşiladaPosted on21 April, 2023

The battle for Turkey’s future is in full swing. Launching his election campaign in Ankara … Continue ReadingTight Election Puts Turkey’s  Energy Future in the Balance

Foreign investors circle Turkey skies, waiting for “orthodoxy”
Categories Business Finance HIGHLIGHTS

Foreign investors circle Turkey skies, waiting for “orthodoxy”

Atilla YeşiladaPosted on21 April, 2023

International investors are looking to increase investments in Turkey, notably in mergers and acquisitions, as … Continue ReadingForeign investors circle Turkey skies, waiting for “orthodoxy”

Cetin Unsalan:  Turkey’s non-sense parading as export policy
Categories Business HIGHLIGHTS

Cetin Unsalan:  Turkey’s non-sense parading as export policy

Atilla YeşiladaPosted on17 April, 2023

If you take an unplanned approach when talking about the economy and try to see … Continue ReadingCetin Unsalan:  Turkey’s non-sense parading as export policy

ANALYSIS: Business people ask: Which interest rate; which exchange rate?
Categories Business Finance HIGHLIGHTS

ANALYSIS: Business people ask: Which interest rate; which exchange rate?

Atilla YeşiladaPosted on17 April, 2023

The spread between the official exchange rate is  opening wide vs “the market rate”, as … Continue ReadingANALYSIS: Business people ask: Which interest rate; which exchange rate?

Turkey’s Erdogan promised to slash inflation as he launched campaign ahead of May election | DW News
Categories Business General HYPED

Turkey’s Erdogan promised to slash inflation as he launched campaign ahead of May election | DW News

Atilla YeşiladaPosted on11 April, 2023

One month before voters head to the polls in Turkey, President Recep Tayyip Erdogan has … Continue ReadingTurkey’s Erdogan promised to slash inflation as he launched campaign ahead of May election | DW News

EnerjiSA / Upgrade to Buy: Underperformance seems exaggerated
Categories Business Company & Industry Finance HIGHLIGHTS

EnerjiSA / Upgrade to Buy: Underperformance seems exaggerated

Cem CetingucPosted on5 April, 2023

Earthquake damage contained to a likely temporary FCF impact. Citizens in the 10 earthquake hit … Continue ReadingEnerjiSA / Upgrade to Buy: Underperformance seems exaggerated

Prof Hayri Kozanoglu:  Who should pay the cost of quake reconstruction?
Categories Business Finance HYPED

Prof Hayri Kozanoglu:  Who should pay the cost of quake reconstruction?

Atilla YeşiladaPosted on1 April, 2023

Prof Hayri Kozanoglu,  renown economist and one of the leading left-wing intellectuals of the older … Continue ReadingProf Hayri Kozanoglu:  Who should pay the cost of quake reconstruction?

Ozan Gundogdu: Can you measure voter support by economic data?
Categories Business General HIGHLIGHTS

Ozan Gundogdu: Can you measure voter support by economic data?

Atilla YeşiladaPosted on31 March, 2023

There are many studies on how  economic trends influence elections. A common proposition is:  Pessimism … Continue ReadingOzan Gundogdu: Can you measure voter support by economic data?

Why Iraq loses in the Turkish oil arbitration case
Categories Business Company & Industry HIGHLIGHTS Politics

Why Iraq loses in the Turkish oil arbitration case

Cem CetingucPosted on29 March, 2023

When the International Court of Arbitration ruled on Thursday that Turkey breached contract by directly trading oil with Iraq’s Kurdistan … Continue ReadingWhy Iraq loses in the Turkish oil arbitration case

Iraq halts Kurdish crude exports after winning arbitration case against Turkey
Categories Business HIGHLIGHTS

Iraq halts Kurdish crude exports after winning arbitration case against Turkey

Atilla YeşiladaPosted on26 March, 2023

Iraq halted 450,000 barrels per day (bpd) of crude exports from the semi-autonomous Kurdistan region … Continue ReadingIraq halts Kurdish crude exports after winning arbitration case against Turkey

Ussal Sahbaz: Turkey’s housing bubble impedes innovation and productivity
Categories Business HIGHLIGHTS

Ussal Sahbaz: Turkey’s housing bubble impedes innovation and productivity

Atilla YeşiladaPosted on24 March, 2023

A report published this month included the following findings: “Economic activities in our nation’s largest … Continue ReadingUssal Sahbaz: Turkey’s housing bubble impedes innovation and productivity

TOGG to receive 100,000 preorders in first weeek
Categories Business Company & Industry HIGHLIGHTS HYPED

TOGG to receive 100,000 preorders in first weeek

Cem CetingucPosted on24 March, 2023

Togg, Türkiye’s first domestically manufactured car brand, has announced that its first smart device model … Continue ReadingTOGG to receive 100,000 preorders in first weeek

Russia hesitant to renew grain deal
Categories Business General HIGHLIGHTS

Russia hesitant to renew grain deal

Atilla YeşiladaPosted on12 March, 2023

Russia’s top diplomat said Thursday that it would be “quite complicated” for Moscow to sign … Continue ReadingRussia hesitant to renew grain deal

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