Categories Business General HIGHLIGHTS Politics Turkey-Saudi relations warm up amid economic crisis Cem CetingucPosted on13 April, 2022 Signs of warming ties emerge amid Turkish diplomatic drive that coincides with major economic crisis. … Continue ReadingTurkey-Saudi relations warm up amid economic crisis
Categories Business General HIGHLIGHTS Markets Story of the ‘Brazilian Escobar’ and a Turkish jet full of cocaine Cem CetingucPosted on13 April, 202213 April, 2022 A jet full of cocaine in Brazil shows Turkey’s increasing role in global drug trafficking. … Continue ReadingStory of the ‘Brazilian Escobar’ and a Turkish jet full of cocaine
Categories Business Company & Industry General HIGHLIGHTS Turkey seeks more local options in energy sector: Minister Alparslan Cem CetingucPosted on12 April, 2022 Turkey should benefit more from local sources in meeting its energy needs, as well as … Continue ReadingTurkey seeks more local options in energy sector: Minister Alparslan
Categories Business Company & Industry General HIGHLIGHTS Ziraat Bank secures $1.24 billion loan Cem CetingucPosted on12 April, 2022 Turkey’s Ziraat Bank said on Monday that it had secured a syndicated loan totaling $1.24 … Continue ReadingZiraat Bank secures $1.24 billion loan
Categories Business Finance HIGHLIGHTS Turkish exporters may have to sell more FX to central bank Atilla YeşiladaPosted on12 April, 2022 Turkish authorities are considering raising the share of foreign currency revenues that exporters are required … Continue ReadingTurkish exporters may have to sell more FX to central bank
Categories Business General HYPED Cyprus Mail: Nuland sounds death knell for EastMed pipeline Atilla YeşiladaPosted on9 April, 2022 Prospects for the EastMed pipeline suffered what seems like a final blow on Thursday as … Continue ReadingCyprus Mail: Nuland sounds death knell for EastMed pipeline
Categories Business General HYPED Wealthy Russians and oligarchs are reportedly gobbling up Turkish real estate for citizenship Atilla YeşiladaPosted on9 April, 2022 Wealthy Russians, “some of them oligarchs,” are buying as many as 4 apartments in Turkey … Continue ReadingWealthy Russians and oligarchs are reportedly gobbling up Turkish real estate for citizenship
Categories Business HIGHLIGHTS Politics Turkish Minute: Erdoğan, nationalist ally underplay high cost of living amid rising inflation Atilla YeşiladaPosted on9 April, 2022 Turkish President Recep Tayyip Erdoğan and his far-right ally Devlet Bahçeli, leader of the Nationalist … Continue ReadingTurkish Minute: Erdoğan, nationalist ally underplay high cost of living amid rising inflation
Categories Business HYPED Politics Murat Yetkin: Erdoğan ’s Eid Prayer in Mecca: Khashoggi bargain? Atilla YeşiladaPosted on8 April, 2022 On April 7 evening, pro-government media was in a celebratory mood. It was not because … Continue ReadingMurat Yetkin: Erdoğan ’s Eid Prayer in Mecca: Khashoggi bargain?
Categories Business Company & Industry HIGHLIGHTS Tech LFP gigafactory in Turkey to start production later this year Cem CetingucPosted on7 April, 2022 A new 1GWh lithium iron phosphate (LFP) battery factory in Turkey serving the energy storage … Continue ReadingLFP gigafactory in Turkey to start production later this year
Categories Business Company & Industry Finance HIGHLIGHTS TUPRS: Outperform Maintained Cem CetingucPosted on4 April, 2022 Recovery in cracks gains pace led by mid-distillates… On the back of post-pandemic recovery in … Continue ReadingTUPRS: Outperform Maintained
Categories Atilla Yeşilada Business Economy HIGHLIGHTS Commentary: Soaring trade deficits, shrinking PMI and sickly consumer confidence Atilla YeşiladaPosted on1 April, 2022 Recent data reveals a weakening of economic activity in Turkey, which weakness is likely to … Continue ReadingCommentary: Soaring trade deficits, shrinking PMI and sickly consumer confidence
Categories Business General HIGHLIGHTS Turkey, EU discuss joint efforts to reduce waste traffic Cem CetingucPosted on31 March, 2022 The European Union and Turkey are in contact to tackle the problem of waste traffic … Continue ReadingTurkey, EU discuss joint efforts to reduce waste traffic
Categories Business General HYPED CNBC: Russian oligarchs are welcome in Turkey, foreign minister says Atilla YeşiladaPosted on26 March, 2022 Turkish Foreign Minister Mevlut Cavusoglu said Saturday that he’d welcome sanctioned Russian oligarchs into his … Continue ReadingCNBC: Russian oligarchs are welcome in Turkey, foreign minister says
Categories Business Company & Industry HIGHLIGHTS Garanti Bank shareholder rejects share price offer Cem CetingucPosted on25 March, 2022 Spanish banking group BBVA’s share price offer to achieve full control of Turkish lender Garanti BBVA, … Continue ReadingGaranti Bank shareholder rejects share price offer
Categories Business General HYPED Turkish expert (Reuters): Secondary sanctions are a risk for Turkey Atilla YeşiladaPosted on23 March, 2022 International policy expert Prof. Dr. Mustafa Aydın stated that if the Russia-Ukraine war prolongs, it … Continue ReadingTurkish expert (Reuters): Secondary sanctions are a risk for Turkey
Categories Business Economy General HIGHLIGHTS As Turkey’s economy reels, speculative traders and well-off insiders see opportunity to profit Cem CetingucPosted on23 March, 2022 As most of the Turkish public saw their savings and purchasing power melt away, 40-year-old … Continue ReadingAs Turkey’s economy reels, speculative traders and well-off insiders see opportunity to profit
Categories Business HYPED Tech Turkey Builds A ‘Wonder Bridge’ That Connects Europe To Asia In Mere 6 Minutes Atilla YeşiladaPosted on23 March, 2022 A massive suspension bridge was unveiled in Turkey on March 18 that will shorten the … Continue ReadingTurkey Builds A ‘Wonder Bridge’ That Connects Europe To Asia In Mere 6 Minutes
Categories Business General HYPED Syria’s Assad accused of sanctions-busting Atilla YeşiladaPosted on22 March, 2022 A report in the Guardian on Tuesday says the newspaper has obtained official documents not … Continue ReadingSyria’s Assad accused of sanctions-busting
Categories Business General HIGHLIGHTS Tech UK and Turkey agree clean transport deal worth £1.7 billion Cem CetingucPosted on19 March, 202219 March, 2022 The UK government’s biggest ever sustainable, civil infrastructure deal will help finance a new high … Continue ReadingUK and Turkey agree clean transport deal worth £1.7 billion