Categories Business Company & Industry HIGHLIGHTS Credit Suisse Pegasus recommendation: Decent outlook for the high season, OUTPERFORM Atilla YeşiladaPosted on5 December, 2023 We revise our 2023 EBITDA margin estimate slightly higher ahead of 2Qs (to 35.2% from … Continue ReadingCredit Suisse Pegasus recommendation: Decent outlook for the high season, OUTPERFORM
Categories Business HIGHLIGHTS China-Turkey business deals on rise as ‘strategic partnership’ evolves out of geopolitical strife with West Atilla YeşiladaPosted on4 December, 2023 Kinling Lo writing for South China Morning Post finds that Turkish ambassador says his country … Continue ReadingChina-Turkey business deals on rise as ‘strategic partnership’ evolves out of geopolitical strife with West
Categories Business General HIGHLIGHTS Israel’s relations with Turkey and Jordan irreparably damaged by Gazza war—Israeli journalist Atilla YeşiladaPosted on4 December, 20234 December, 2023 Haaretz columnist Zvi Bar’el claims that “Economic deals with Jordan, border coordination with Egypt, defense … Continue ReadingIsrael’s relations with Turkey and Jordan irreparably damaged by Gazza war—Israeli journalist
Categories Business Company & Industry Markets BoFA on Turkish banks: The Great Normalization – Buy private banks Atilla YeşiladaPosted on3 December, 2023 Risk-reward is appealing ‘Normalization’ is probably the best word to describe the ongoing dynamics in … Continue ReadingBoFA on Turkish banks: The Great Normalization – Buy private banks
Categories Atilla Yeşilada Business General HIGHLIGHTS Turkey in sanctions trouble again Atilla YeşiladaPosted on3 December, 2023 Turkey’s relations with US has taken a turn for the worse, with potentially negative consequences … Continue ReadingTurkey in sanctions trouble again
Categories Business HIGHLIGHTS Politics First Take: The Commission and the High Representative present a report on the state of play of EU-Türkiye relations with positive overtones Atilla YeşiladaPosted on29 November, 2023 The Joint Report was published only a few hours and it will take some time … Continue ReadingFirst Take: The Commission and the High Representative present a report on the state of play of EU-Türkiye relations with positive overtones
Categories Business HIGHLIGHTS Tech NGOs: Turkey can improve economic performance by adopting tighter emission targets Atilla YeşiladaPosted on26 November, 2023 Turkey had ratified the Paris Agreement on fighting climate change after long delays, but progress … Continue ReadingNGOs: Turkey can improve economic performance by adopting tighter emission targets
Categories Business HIGHLIGHTS Tech EU won’t accept Turkey, but she gladly gobbles up its garbage Atilla YeşiladaPosted on26 November, 202326 November, 2023 Marga Zambrana from Equal Times explores an ugly subject, which makes a significant contribution to … Continue ReadingEU won’t accept Turkey, but she gladly gobbles up its garbage
Categories Business General HIGHLIGHTS American Treasury official to visit Turkey and Oman to warn against sanctions violations Atilla YeşiladaPosted on25 November, 2023 Relations between Turkey and US are reaching crisis point once again, after Ankara formally ratified … Continue ReadingAmerican Treasury official to visit Turkey and Oman to warn against sanctions violations
Categories Business General HIGHLIGHTS Tech World Bank: Turkey needs $1.100 bn to deal with earthquake, climate change mitigation Atilla YeşiladaPosted on24 November, 2023 World Bank recently expended its loan facility to Turkey by $17 bn to $38 bn … Continue ReadingWorld Bank: Turkey needs $1.100 bn to deal with earthquake, climate change mitigation
Categories Business Company & Industry Finance HIGHLIGHTS Fitch: Turkish banks face “government intervention risk” Atilla YeşiladaPosted on14 November, 202314 November, 2023 Fitch rating agency warned about the risks faced by the Turkish banking system, largely arising … Continue ReadingFitch: Turkish banks face “government intervention risk”
Categories Business HYPED BREAKING: Turkish Airlines To Place Order For 345 Jets, Become World’s Largest A350 Operator Atilla YeşiladaPosted on12 November, 202312 November, 2023 Turkish Airlines, which has around 435 planes in its fleet and another 100 on order, … Continue ReadingBREAKING: Turkish Airlines To Place Order For 345 Jets, Become World’s Largest A350 Operator
Categories Business HIGHLIGHTS Erdogan’s urban renewal bill: Landgrab or much needed attention to earthquake hazards? Atilla YeşiladaPosted on12 November, 2023 A recently accepted urban renewal law in Turkey, aimed at earthquake-proofing Turkey’s flimsily built housing … Continue ReadingErdogan’s urban renewal bill: Landgrab or much needed attention to earthquake hazards?
Categories Business HYPED Tech Turks commemmorate the Centennial of the Republic by moving elsewhere Atilla YeşiladaPosted on9 November, 2023 A growing number of young and educated looking to leave Turkey, where rights and freedoms … Continue ReadingTurks commemmorate the Centennial of the Republic by moving elsewhere
Categories Business General HIGHLIGHTS ANALYSIS – Dutch press: Turkish entities still violating Russia sanctions by Dutch re-exports, F-16 sale in jeopardy Atilla YeşiladaPosted on6 November, 2023 Despite Western attempts to stifle Russia’s economy through sanctions following its invasion of Ukraine last … Continue ReadingANALYSIS – Dutch press: Turkish entities still violating Russia sanctions by Dutch re-exports, F-16 sale in jeopardy
Categories Business General HIGHLIGHTS Turkey could escape FATF grey list with crypto regulation Atilla YeşiladaPosted on3 November, 2023 Turkey is reportedly drafting fresh regulations to govern crypto assets in an effort to convince … Continue ReadingTurkey could escape FATF grey list with crypto regulation
Categories Business HIGHLIGHTS Tech More Turkish entities blacklisted for breaking Russia related violations Atilla YeşiladaPosted on3 November, 2023 The US announced sanctions on individuals and companies in Turkey, China and the UAE it … Continue ReadingMore Turkish entities blacklisted for breaking Russia related violations
Categories Business HIGHLIGHTS ANALYSIS: Turkish exports are in trouble, rising rates could cause more damage Atilla YeşiladaPosted on2 November, 2023 By Levent Yilmaz, Yeni Safak Daily Last Tuesday, TurkStat announced Foreign Trade Statistics for … Continue ReadingANALYSIS: Turkish exports are in trouble, rising rates could cause more damage
Categories Business Company & Industry Turkish Equity Research: 3Q23 Preview Atilla YeşiladaPosted on30 October, 2023 3Q23 earnings season to kick off this week on October 20th 3Q23 earnings season for … Continue ReadingTurkish Equity Research: 3Q23 Preview
Categories Business Company & Industry HIGHLIGHTS ANALYSIS: Turkey switches to inflation accounting, Borsa Istanbul suffers a heart attack Atilla YeşiladaPosted on25 October, 2023 Turkish companies’ end-2023 balance sheets will be inflation-adjusted, with adjustments expected to continue until 2026 … Continue ReadingANALYSIS: Turkey switches to inflation accounting, Borsa Istanbul suffers a heart attack