Categories Business General HIGHLIGHTS TIME selects Bodrum as one of ‘World’s Greatest Places’ Atilla YeşiladaPosted on29 August, 2021 The world-renowned news magazine TIME has selected Turkey’s prominent tourism hotspot Bodrum as one of … Continue ReadingTIME selects Bodrum as one of ‘World’s Greatest Places’
Categories Business Politics Tech U.S. trade chief: It is imperative for Turkey to remove digital services taxes Cem CetingucPosted on27 August, 2021 U.S. Trade Representative Katherine Tai told Turkey’s trade minister it was critical that countries remove … Continue ReadingU.S. trade chief: It is imperative for Turkey to remove digital services taxes
Categories Business Company & Industry IHC seeks investment opportunities in Turkey Cem CetingucPosted on27 August, 202127 August, 2021 Abu Dhabi conglomerate International Holding is seeking investment opportunities in Turkey in sectors including healthcare, … Continue ReadingIHC seeks investment opportunities in Turkey
Categories Business Politics Africa’s newest pal: Turkey Cem CetingucPosted on27 August, 2021 An Olympic-size swimming pool in coastal Senegal. A military base in Somalia. And in arid … Continue ReadingAfrica’s newest pal: Turkey
Categories Business HIGHLIGHTS Emre Demir: Kanal Istanbul, Turkey’s Middle Corridor, and the Belt and Road Initiative Atilla YeşiladaPosted on24 August, 2021 Despite mounting opposition from political and civil society groups due to potential environmental and political … Continue ReadingEmre Demir: Kanal Istanbul, Turkey’s Middle Corridor, and the Belt and Road Initiative
Categories Business Turkey pins hopes on British tourists to save a mediocre season Atilla YeşiladaPosted on24 August, 2021 The number of foreigners arriving in Turkey hit a 21-month high in July … Continue ReadingTurkey pins hopes on British tourists to save a mediocre season
Categories Business General Politics Tunisia wants to nix Turkey free trade deal Cem CetingucPosted on23 August, 202124 August, 2021 Tunisia is seeking an urgent review of a trade agreement with Turkey in order to … Continue ReadingTunisia wants to nix Turkey free trade deal
Categories Business Company & Industry EEMEA Refiners: Crack spreads, differentials, valuations Cem CetingucPosted on20 August, 2021 2Q21 results: All three companies reported strong 2Q21 updates, with large oil price related gains … Continue ReadingEEMEA Refiners: Crack spreads, differentials, valuations
Categories Business Economy HIGHLIGHTS Government announces new Covid-19 restrictions, confidence in AKP, economy to decline Atilla YeşiladaPosted on20 August, 202120 August, 2021 The administration will require negative COVID-19 test results and proofs of vaccination … Continue ReadingGovernment announces new Covid-19 restrictions, confidence in AKP, economy to decline
Categories Business Economy Macro Snapshot: Outstanding External Loans Received by Private Sector, June 2021 Cem CetingucPosted on19 August, 2021 In June, private sectors’ outstanding short term loans decreased by USD0.2bn to USD9.5bn whereas long … Continue ReadingMacro Snapshot: Outstanding External Loans Received by Private Sector, June 2021
Categories Business General Despite declining cases, US and Germany up Turkey travel warning Atilla YeşiladaPosted on19 August, 2021 A Blitzkrieg vaccination campaign helped ease Daily Covid-19 case load below 20K/day in Turkey, but … Continue ReadingDespite declining cases, US and Germany up Turkey travel warning
Categories Business Company & Industry Arcelik (ARCLK TI) | Buy: Incorporating new acquisitions Cem CetingucPosted on18 August, 2021 New acquisitions to accelerate top-line growth but dilute margins: Arcelik completed the acquisitions of Hitachi … Continue ReadingArcelik (ARCLK TI) | Buy: Incorporating new acquisitions
Categories Business Company & Industry Finance Koc Holding: Discount to NAV still wide vs history; attractive entry point vs subs; reiterate Buy Cem CetingucPosted on18 August, 2021 We reiterate our Buy rating on Koc Holding (Koc) post 2Q results announced on July … Continue ReadingKoc Holding: Discount to NAV still wide vs history; attractive entry point vs subs; reiterate Buy
Categories Business Company & Industry VAKBN: 2Q Review & Target Price Revision: Prevailing Legacy of 2020 Cem CetingucPosted on15 August, 2021 2Q results slightly above estimates on lower CoR The bank announced its 2Q21 solo net … Continue ReadingVAKBN: 2Q Review & Target Price Revision: Prevailing Legacy of 2020
Categories Business Economy HIGHLIGHTS Fitch Affirms Turkey at ‘BB-‘; Outlook Stable Atilla YeşiladaPosted on14 August, 2021 The agency issued the following statement KEY RATING DRIVERS Turkey’s ratings reflect weak monetary … Continue ReadingFitch Affirms Turkey at ‘BB-‘; Outlook Stable
Categories Business Company & Industry Economy Mevlut Çavuşoğlu on ASEAN Cem CetingucPosted on9 August, 20219 August, 2021 Asia, the cradle of some of the oldest civilizations, has again been gaining a pivotal … Continue ReadingMevlut Çavuşoğlu on ASEAN
Categories Business Company & Industry Turkish Banks: Sector Monthly Data Cem CetingucPosted on6 August, 2021 Strong monthly ROE of 17% on higher other income Turkish banking sector’s June net income … Continue ReadingTurkish Banks: Sector Monthly Data
Categories Business Company & Industry Company outlook | Hepsiburada: Trading up to the challenges Cem CetingucPosted on5 August, 2021 Hepsiburada (D-Market Electronic Services & Trading) is the second-largest e- commerce player in Turkey, with … Continue ReadingCompany outlook | Hepsiburada: Trading up to the challenges
Categories Business Company & Industry Trendyol aims to Hit $16.5 Billion Valuation Cem CetingucPosted on4 August, 20214 August, 2021 By Ercan Ersoy and Ivan Levingston General Atlantic among firms leading $1.5 billion investment Alibaba-backed … Continue ReadingTrendyol aims to Hit $16.5 Billion Valuation
Categories Business HIGHLIGHTS Wildfires: First damage reports are filed Atilla YeşiladaPosted on4 August, 2021 It will take months to truly assess the economic damage the string of wildfires still … Continue ReadingWildfires: First damage reports are filed