Categories Business Economy HIGHLIGHTS Erdogan’s Plan to Avert Economic Crisis Gets Summer Reprieve Atilla YeşiladaPosted on23 August, 2022 A windfall of foreign funds arriving in Turkey and sustained interest in a state-backed deposit … Continue ReadingErdogan’s Plan to Avert Economic Crisis Gets Summer Reprieve
Categories Business General HIGHLIGHTS BREAKING: U.S. Treasury Official Warns Russia Trying to Bypass Western Sanctions Via Turkey Atilla YeşiladaPosted on21 August, 2022 U.S. Deputy Treasury Secretary Wally Adeyemo told Turkish Deputy Finance Minister Yunus Elitas that Russian … Continue ReadingBREAKING: U.S. Treasury Official Warns Russia Trying to Bypass Western Sanctions Via Turkey
Categories Business Company & Industry General HIGHLIGHTS HYPED Musk reveals buying Manchester United tweet was a ‘joke’ Cem CetingucPosted on17 August, 2022 Tesla CEO Elon Musk said he was joking when he tweeted on Wednesday he was … Continue ReadingMusk reveals buying Manchester United tweet was a ‘joke’
Categories Business Finance HIGHLIGHTS Moody’s downgrades Turkey “at midnight hour” Atilla YeşiladaPosted on12 August, 2022 Ratings agency Moody’s on Friday lowered Turkey’s sovereign credit rating by one notch to “B3” … Continue ReadingMoody’s downgrades Turkey “at midnight hour”
Categories Business Economy HIGHLIGHTS COMMENTARY: June data exceeds expectations , but outlook remains dim Atilla YeşiladaPosted on12 August, 202212 August, 2022 After a boom in Q2, economy set to slow in Q3 … Read More >COMMENTARY: June data exceeds expectations , but outlook remains dim
Categories Business General HIGHLIGHTS Politics EU on alert: Turkey, Russia agree enhacing economic ties Cem CetingucPosted on12 August, 202212 August, 2022 Russia and Turkey agreed to enhance economic cooperation at a meeting held in the city … Continue ReadingEU on alert: Turkey, Russia agree enhacing economic ties
Categories Business Economy General HIGHLIGHTS Turkish tourism is booming: back to pre-pandemic era Cem CetingucPosted on11 August, 202211 August, 2022 Türkiye’s tourism industry is headed for a good year as revenues nearly tripled in the … Continue ReadingTurkish tourism is booming: back to pre-pandemic era
Categories Business Company & Industry HIGHLIGHTS IHC acquires 50 percent stake in Kalyon Enerji Cem CetingucPosted on11 August, 2022 Abu Dhabi’s International Holding Co (IHC.AD) on Thursday said it had acquired a 50% stake in Turkey’s … Continue ReadingIHC acquires 50 percent stake in Kalyon Enerji
Categories Business HYPED Business leaders urge policy change to steer clear of crisis Atilla YeşiladaPosted on10 August, 2022 Orhan Turan, head of the Turkish Industry and Business Association (TÜSİAD), said the government still … Continue ReadingBusiness leaders urge policy change to steer clear of crisis
Categories Business HIGHLIGHTS Politics Erdogan’s search for election funds get desperate Atilla YeşiladaPosted on10 August, 2022 Way behind in polls, facing a voter revolt on account of uncontrollable inflation and slowing … Continue ReadingErdogan’s search for election funds get desperate
Categories Business Company & Industry HIGHLIGHTS Murat Yetkin: Putin and Erdoğan’s joined destiny Atilla YeşiladaPosted on9 August, 2022 The joint statement published by President Tayyip Erdoğan and Russian President Tayyip Erdoğan, after the … Continue ReadingMurat Yetkin: Putin and Erdoğan’s joined destiny
Categories Business Economy General HIGHLIGHTS Turkey’s Inflation is Wild, but economy is booming Cem CetingucPosted on9 August, 2022
Categories Business Company & Industry General HIGHLIGHTS Baykar Makina implements ‘drone project’ in Ukraine Cem CetingucPosted on9 August, 2022 Turkey’s Baykar Makina has already set up its own company in Ukraine, purchased a plot … Continue ReadingBaykar Makina implements ‘drone project’ in Ukraine
Categories Business Finance HYPED Turkey’s banks are adopting Russian payments system: Erdogan Atilla YeşiladaPosted on8 August, 2022 Five Turkish banks have adopted Russia’s Mir payments system, Turkey’s President Recep Tayyip Erdogan said … Continue ReadingTurkey’s banks are adopting Russian payments system: Erdogan
Categories Business Company & Industry Economy General HIGHLIGHTS Turkish exporters to revise year-end targets amid inflationary pressure Cem CetingucPosted on8 August, 2022 Turkish exporters are revising down year-end targets in a move that could derail the government’s … Continue ReadingTurkish exporters to revise year-end targets amid inflationary pressure
Categories Business HIGHLIGHTS Politics ANALYSIS: Erdogan Putin summit yields economic integration, but no green light for Syria Atilla YeşiladaPosted on6 August, 2022 Russian President Vladimir Putin and Turkish President Recep Tayyip Erdogan agreed during a meeting on … Continue ReadingANALYSIS: Erdogan Putin summit yields economic integration, but no green light for Syria
Categories Business Finance General HIGHLIGHTS HYPED US policy rate hikes make things harder for Turkish economy Cem CetingucPosted on4 August, 2022 The remaining hopes for the Turkish economy to get better sooner are vanishing fast after … Continue ReadingUS policy rate hikes make things harder for Turkish economy
Categories Business HIGHLIGHTS Turkey’s manufacturing PMI at 26 month low, summer outlook positive Atilla YeşiladaPosted on3 August, 2022 Manufacturing PMI hit the lowest level of last 26 months (since May 2020) and remained … Continue ReadingTurkey’s manufacturing PMI at 26 month low, summer outlook positive
Categories Business Company & Industry Finance General HIGHLIGHTS Turkish Cargo becomes fourth among global air freight companies Cem CetingucPosted on2 August, 2022 The air cargo transportation operator of Turkish Airlines (THY), Turkish Cargo rose to rank fourth among … Continue ReadingTurkish Cargo becomes fourth among global air freight companies
Categories Business General HIGHLIGHTS HYPED Turkey confirms first shipment of Ukrainian grain lefts Ukraine Cem CetingucPosted on1 August, 20221 August, 2022 The first shipment of Ukrainian grain left the port of Odessa today under a deal … Continue ReadingTurkey confirms first shipment of Ukrainian grain lefts Ukraine