Categories Business HYPED Erdogan unveils the greatest state debt amnesty ever Atilla YeşiladaPosted on29 January, 2023 President Tayyip Erdogan has announced the new ‘good news’ before the general elections. Among them … Continue ReadingErdogan unveils the greatest state debt amnesty ever
Categories Business Economy HIGHLIGHTS Dr. Fulya Gurbuz: Leading indicators for January show retail sales supporting economy Atilla YeşiladaPosted on28 January, 2023 According to seasonally adjusted (MA) CBRT and TURKSTAT data, in January; . In sectoral confidence … Continue ReadingDr. Fulya Gurbuz: Leading indicators for January show retail sales supporting economy
Categories Business HIGHLIGHTS Politics Treasury to borrow up to TL450 billion to pay for the subsidized home loan project Atilla YeşiladaPosted on22 January, 2023 The cost of the project to make middle-income people homeowners at a 0.69 percent monthly … Continue ReadingTreasury to borrow up to TL450 billion to pay for the subsidized home loan project
Categories Business General HIGHLIGHTS Politics Boom or bust: How will AKP’s shopping mall craze end? Cem CetingucPosted on18 January, 2023 One of the Justice and Development Party’s (AKP) most visible legacies since coming to power … Continue ReadingBoom or bust: How will AKP’s shopping mall craze end?
Categories Business Güldem Atabay ANALYSIS: The 2022 budget is the last stronghold of economic prudence Atilla YeşiladaPosted on17 January, 202317 January, 2023 According to the data of the Ministry of Treasury and Finance, the budget deficit was … Continue ReadingANALYSIS: The 2022 budget is the last stronghold of economic prudence
Categories Business General HIGHLIGHTS Turkish Exports to Morocco Reach $3 Billion in 2022 Cem CetingucPosted on14 January, 2023 The value of Turkiye’s exports to Morocco slightly increased in 2022, rising from $2.98 billion … Continue ReadingTurkish Exports to Morocco Reach $3 Billion in 2022
Categories Business General HIGHLIGHTS Markets Uganda,Turkey talks begin as China railway deal comes to an end Cem CetingucPosted on14 January, 2023 Uganda has canceled all contractual work it signed with China Harbour Engineering Company to build a 273-kilometer … Continue ReadingUganda,Turkey talks begin as China railway deal comes to an end
Categories Business Company & Industry Emerging Markets HIGHLIGHTS Markets Getir is taking over the European market Cem CetingucPosted on13 January, 202313 January, 2023 FIVE YEARS AGO, investors wouldn’t return Nazim Salur’s calls. Now his company, Getir, is the biggest … Continue ReadingGetir is taking over the European market
Categories Business Company & Industry HIGHLIGHTS Ford/LG partner up to build new battery plant in Turkey Cem CetingucPosted on13 January, 202313 January, 2023 The factory is slated to start operation as soon as 2025 with an annual capacity … Continue ReadingFord/LG partner up to build new battery plant in Turkey
Categories Business HIGHLIGHTS Textiles exporters rebel against strong TL Atilla YeşiladaPosted on11 January, 2023 Turkish clothing manufacturers have asked the government for a special exchange rate they say is … Continue ReadingTextiles exporters rebel against strong TL
Categories Business HIGHLIGHTS Erdogan invents new method to combat inflation: Grocery chains forced to fix prices Atilla YeşiladaPosted on11 January, 2023 Six supermarket chains in Turkey have announced that they fixed prices for thousands of products … Continue ReadingErdogan invents new method to combat inflation: Grocery chains forced to fix prices
Categories Business Company & Industry HIGHLIGHTS Tech PayTabs’ acquisiton of Paymes finalized Cem CetingucPosted on14 December, 2022 PayTabs, Middle East, Africa, and South Asia’s (MEASA’s) award-winning payments powerhouse, in a power play announced that it had … Continue ReadingPayTabs’ acquisiton of Paymes finalized
Categories Business General HIGHLIGHTS Deal signed for world’s largest wave power plant in Turkey Cem CetingucPosted on14 December, 2022 Swedish-Israeli developer Eco Wave Power has inked a deal with Oren Ordu Enerji in Turkey … Continue ReadingDeal signed for world’s largest wave power plant in Turkey
Categories Business HIGHLIGHTS Economists: Turkey is transitioning to price controls Atilla YeşiladaPosted on9 December, 2022 A strange regulation, called the ‘Regulation on the Principles and Rules to be Applied in … Continue ReadingEconomists: Turkey is transitioning to price controls
Categories Business HIGHLIGHTS Turkey manufacturing activity slumps badly in November Atilla YeşiladaPosted on1 December, 2022 “The headline PMI posted 45.7 in November, down from 46.4 in October and below the … Continue ReadingTurkey manufacturing activity slumps badly in November
Categories Business Economy HIGHLIGHTS Turkey’s trade deficit rose 422 percent in October on energy bill Cem CetingucPosted on29 November, 202229 November, 2022 Turkey’s foreign trade deficit jumped by a whopping 421.7% year-over-year in October, official data showed … Continue ReadingTurkey’s trade deficit rose 422 percent in October on energy bill
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
