Categories Business Finance HIGHLIGHTS Turks appetite for gold stoked by roaring inflation, sickly currency, low deposit rates Atilla YeşiladaPosted on22 August, 2023 Turks have historically held a lot of gold, both in jewelry and investment form. The … Continue ReadingTurks appetite for gold stoked by roaring inflation, sickly currency, low deposit rates
Categories Business HIGHLIGHTS Turkish Aviation: Updating TPs, maintaining ratings Atilla YeşiladaPosted on22 August, 2023 Price Target (TL) Upside Passenger traffic gained some momentum in 3Q, following the earthquakes, elections … Continue ReadingTurkish Aviation: Updating TPs, maintaining ratings
Categories Business HIGHLIGHTS ANALYSIS: Two developments to enhance Turkey’s role as EU’s NG supplier Atilla YeşiladaPosted on22 August, 2023 A big shift is brewing for Caspian Basin energy exports. In a diplomatic about-face, Turkmenistan … Continue ReadingANALYSIS: Two developments to enhance Turkey’s role as EU’s NG supplier
Categories Business HYPED Soaring food prices put consumers under strain Atilla YeşiladaPosted on20 August, 2023 According to the July inflation data announced by the Turkish Statistical Institute (TurkStat), the annual … Continue ReadingSoaring food prices put consumers under strain
Categories Business Finance HIGHLIGHTS Two state banks raise $1.1 bn from “undisclosed“ sources Atilla YeşiladaPosted on17 August, 202317 August, 2023 Ziraat Bank announced that it has obtained long-term foreign financing of 600 million dollars from … Continue ReadingTwo state banks raise $1.1 bn from “undisclosed“ sources
Categories Business HIGHLIGHTS Turkey in the throes of a devastating drought, once again Atilla YeşiladaPosted on16 August, 2023 The General Directorate of Meteorology has warned against a “severe drought” that enveloped much of … Continue ReadingTurkey in the throes of a devastating drought, once again
Categories Business Finance HIGHLIGHTS Markets Moody’s upgrades Turkish banks, banks try to rally Atilla YeşiladaPosted on15 August, 2023 Moody’s Investor Services has upgraded its outlook for Turkey’s banking sector from negative to stable, … Continue ReadingMoody’s upgrades Turkish banks, banks try to rally
Categories Business HIGHLIGHTS Mehmet Şimşek to road-show in USA Atilla YeşiladaPosted on15 August, 2023 It was reported that the Minister of Treasury and Finance Mehmet Şimşek will go to … Continue ReadingMehmet Şimşek to road-show in USA
Categories Business HIGHLIGHTS Xinhua: Soaring prices Achilles’ heel of Turkish tourism Atilla YeşiladaPosted on13 August, 2023 Türkiye is poised for a good tourism season, but meeting the targets for 2023 will … Continue ReadingXinhua: Soaring prices Achilles’ heel of Turkish tourism
Categories Business HIGHLIGHTS Normalization in full swing as Türkiye’s Saudi exports leap by 630% Atilla YeşiladaPosted on13 August, 2023 Türkiye’s goods shipments to Saudi Arabia jumped by more than a whopping 600% from January … Continue ReadingNormalization in full swing as Türkiye’s Saudi exports leap by 630%
Categories Business General HIGHLIGHTS Mehmet Simsek interview with Islamist Yeni Safak daily Atilla YeşiladaPosted on11 August, 2023 Mehmet Şimşek, Minister of Treasury and Finance, said that the winds blowing against Turkey will … Continue ReadingMehmet Simsek interview with Islamist Yeni Safak daily
Categories Business General HIGHLIGHTS UK sanctions numerous entities in Turkey, UAE, Iran for violating sanctions on Russia Atilla YeşiladaPosted on9 August, 2023 Britain sanctioned more than two dozen targets Tuesday including firms and individuals in Turkey, the … Continue ReadingUK sanctions numerous entities in Turkey, UAE, Iran for violating sanctions on Russia
Categories Business HIGHLIGHTS EU’s carbon tax to impact countries, including Türkiye: Experts Atilla YeşiladaPosted on6 August, 2023 The European Union’s major trading partners, including Türkiye, will be impacted by the bloc’s carbon … Continue ReadingEU’s carbon tax to impact countries, including Türkiye: Experts
Categories Business HIGHLIGHTS What did Mehmet Simsek tell investors?—-UPDATE Atilla YeşiladaPosted on6 August, 2023 Turkish economy management gave its first test in front of foreign investors. Turkish Treasury and … Continue ReadingWhat did Mehmet Simsek tell investors?—-UPDATE
Categories Business Finance HYPED Defense from Halkbank: Guilty verdict will directly harm Turkish sovereign Atilla YeşiladaPosted on2 August, 2023 Accused of violating sanctions on Iran in the United States, Halkbank defense attorneys claimed in … Continue ReadingDefense from Halkbank: Guilty verdict will directly harm Turkish sovereign
Categories Business HIGHLIGHTS Turkey lobbying for new trade deals with UK and EU Atilla YeşiladaPosted on2 August, 2023 Türkiye and the UK are looking to start negotiations for the free trade agreement (FTA) … Continue ReadingTurkey lobbying for new trade deals with UK and EU
Categories Business HYPED WorldOil: Trillion to pursue three oil exploration blocks in Turkey near recent discoveries Atilla YeşiladaPosted on31 July, 2023 Turkish President Erdogan’s claim of a major oil find in South East Turkey was widely … Continue ReadingWorldOil: Trillion to pursue three oil exploration blocks in Turkey near recent discoveries
Categories Business HIGHLIGHTS Politics Burhanettin Duran: Black Sea grain corridor and China’s interest in Türkiye Atilla YeşiladaPosted on30 July, 2023 Russia’s suspension of the Black Sea grain deal continues to capture the global media’s attention … Continue ReadingBurhanettin Duran: Black Sea grain corridor and China’s interest in Türkiye
Categories Business Economy HIGHLIGHTS Economy czar Simsek: Rational policies bearing fruit Atilla YeşiladaPosted on30 July, 2023 “We are pleased to see an increase in investors’ interest in Turkish assets,” said Mehmet … Continue ReadingEconomy czar Simsek: Rational policies bearing fruit
Categories Business Finance HYPED Erdogan toured Gulf States seeking economic injections for Turkey’s ailing economy. Did he succeed? Atilla YeşiladaPosted on28 July, 2023 Turkish President Recep Tayyip Erdogan, shortly after clinching another five-year term in the recent elections, … Continue ReadingErdogan toured Gulf States seeking economic injections for Turkey’s ailing economy. Did he succeed?
