Categories Business General HIGHLIGHTS Iran seizes oil tanker headed for Tupras Atilla YeşiladaPosted on12 January, 2024 The U.S. government on Thursday confirmed reports that the Iranian navy had seized an oil … Continue ReadingIran seizes oil tanker headed for Tupras
Categories Business Economy HIGHLIGHTS ECONOMY BRIEF: November payroll, industrial production data point to contraction in economic activity Atilla YeşiladaPosted on10 January, 2024 According to official stats agency Turkstat data, the unemployment rate increased by 0.4 points in … Continue ReadingECONOMY BRIEF: November payroll, industrial production data point to contraction in economic activity
Categories Business Company & Industry HYPED HSBC equity research: Türkiye Sigorta (TURSG TI)– Buy: Another Goldilocks year Atilla YeşiladaPosted on7 January, 2024 Shares have yet to price in robust earnings outlook for 2024: We raise our FY24e … Continue ReadingHSBC equity research: Türkiye Sigorta (TURSG TI)– Buy: Another Goldilocks year
Categories Business Economy HIGHLIGHTS COLUMN: Turkey faces dire challenges in manufacturing, exports Atilla YeşiladaPosted on7 January, 2024 December PMI data revealed that Türkiye’s manufacturing activity has been contracting for the sixth month. … Continue ReadingCOLUMN: Turkey faces dire challenges in manufacturing, exports
Categories Business Economy HYPED Turkish exports flat in 2023, but soar to Russia and Gulf Atilla YeşiladaPosted on3 January, 2024 Turkey’s exports with Saudi Arabia, the United Arab Emirates and Russia saw the largest increase … Continue ReadingTurkish exports flat in 2023, but soar to Russia and Gulf
Categories Business HIGHLIGHTS Erdogan crony media boss in hock to state banks Atilla YeşiladaPosted on30 December, 2023 Pro-government Demirören Holding’s credit arrears to state-run Ziraat Bank have exceeded 25 million dollars, a … Continue ReadingErdogan crony media boss in hock to state banks
Categories Business HIGHLIGHTS Luxury Home Prices Rose the Most in These Global Cities—hint 2 Turkish cities in the list Atilla YeşiladaPosted on29 December, 2023 Home prices across the globe continue to rise, and in some pockets of the world, … Continue ReadingLuxury Home Prices Rose the Most in These Global Cities—hint 2 Turkish cities in the list
Categories Business Economy HIGHLIGHTS ANALYSIS: Turkey trade deficit down sharply in November Atilla YeşiladaPosted on29 December, 2023 Turkey’s official stats bureau TÜİK announced foreign trade data for November. In November, exports increased … Continue ReadingANALYSIS: Turkey trade deficit down sharply in November
Categories Business HIGHLIGHTS Tech Warner Bros/Discovery Acquires Turkish Streaming Platform BluTV Atilla YeşiladaPosted on29 December, 2023 Warner Bros. Discovery has acquired BluTV, a subscription video-on-demand service in Turkey, the company said on … Continue ReadingWarner Bros/Discovery Acquires Turkish Streaming Platform BluTV
Categories Business Economy HIGHLIGHTS Turkey hikes minimum wage, complicating the war against inflation Atilla YeşiladaPosted on28 December, 2023 Turkey’s monthly minimum wage will be 17,002 Turkish lira ($578.31) in 2024, Labour Minister Vedat … Continue ReadingTurkey hikes minimum wage, complicating the war against inflation
Categories Business Finance HYPED Garanti BBVA CEO Bastug expects increased demand for TL assets, predictable macro and investment environment in 2024 Atilla YeşiladaPosted on27 December, 2023 BBVA´s CEO in Türkiye, Recep Baştuğ, spoke recently to national news outlet Anadolu Agency on … Continue ReadingGaranti BBVA CEO Bastug expects increased demand for TL assets, predictable macro and investment environment in 2024
Categories Business HYPED Emirates will invest in the Turkish port of Izmir Atilla YeşiladaPosted on24 December, 2023 According to Reuters, Abu Dhabi Ports Groups, a state-run organisation of the United Arab Emirates, … Continue ReadingEmirates will invest in the Turkish port of Izmir
Categories Business Company & Industry HIGHLIGHTS ENKA Insaat: Upgrade to Buy- A sensible choice for 2024 Atilla YeşiladaPosted on20 December, 2023 A viable option for the difficult 2024 With a portfolio located mostly outside Türkiye, Enka … Continue ReadingENKA Insaat: Upgrade to Buy- A sensible choice for 2024
Categories Business Economy Finance HIGHLIGHTS Türkiye report from Moody’s: Not yet ready for prime time Atilla YeşiladaPosted on19 December, 2023 International credit rating agency Moody’s published a ‘Credit Opinion’ report for Turkey. “Our credit view … Continue ReadingTürkiye report from Moody’s: Not yet ready for prime time
Categories Business General HIGHLIGHTS Orbán, Erdoğan sign strategic partnership agreement in Budapest Atilla YeşiladaPosted on18 December, 2023 During President Recep Tayyip Erdoğan’s Monday visit to Budapest, 17 bilateral agreements were signed, including … Continue ReadingOrbán, Erdoğan sign strategic partnership agreement in Budapest
Categories Business Company & Industry Finance Markets BofA on Turkish bank stocks: Why domestic-retail investors shouldn’t be a worry Atilla YeşiladaPosted on17 December, 2023 Fears of possible overhang as retail clients feel squeeze One issue that frequently comes up … Continue ReadingBofA on Turkish bank stocks: Why domestic-retail investors shouldn’t be a worry
Categories Business Company & Industry HYPED Company Update Report: Galata Wind (GWIND) Atilla YeşiladaPosted on17 December, 2023 Rating: Outperform Price (TL): 23.72 Target Price (TL): 38.00 Potential Return: 60% Geographically Dispersed … Continue ReadingCompany Update Report: Galata Wind (GWIND)
Categories Business General HYPED Sinan Ciddi: Erdogan’s Hypocrisy Has No Boundaries! Atilla YeşiladaPosted on17 December, 2023 Among the Muslim world, Turkey’s President Recep Tayyip Erdogan likes to think of himself as … Continue ReadingSinan Ciddi: Erdogan’s Hypocrisy Has No Boundaries!
Categories Business Company & Industry Finance HIGHLIGHTS Turkey scores 3 major foreign financing victories in a week Atilla YeşiladaPosted on16 December, 2023 Turkey’s current account deficits are a perennial concern for investors, because their financing has been … Continue ReadingTurkey scores 3 major foreign financing victories in a week
Categories Business Economy HIGHLIGHTS October industrial production: Sharp deceleration amidst sectoral diffusion Atilla YeşiladaPosted on11 December, 2023 The contraction in industrial production continued in October with visible sectoral differences. While seasonally adjusted … Continue ReadingOctober industrial production: Sharp deceleration amidst sectoral diffusion