Categories Economy HIGHLIGHTS Turkey PMI at 46,9: seven months of consecutive contraction Güldem AtabayPosted on3 October, 20223 October, 2022 The latest PMI® survey data from Istanbul Chamber of Industry and S&P Global signalled a … Continue ReadingTurkey PMI at 46,9: seven months of consecutive contraction
Categories Economy General HIGHLIGHTS HYPED Turkey’s inflation breaks 24-year record at 83 percent Cem CetingucPosted on3 October, 2022 Turkish annual inflation climbed to a new 24-year high of 83.45% in September, below forecast … Continue ReadingTurkey’s inflation breaks 24-year record at 83 percent
Categories Economy Finance General HIGHLIGHTS HYPED Turkey prevented economic collapse through own measures: Erdoğan Cem CetingucPosted on2 October, 2022 President Recep Tayyip Erdoğan on Friday said Türkiye had foiled what he said were traps … Continue ReadingTurkey prevented economic collapse through own measures: Erdoğan
Categories Business Cüneyt Akman Economy HIGHLIGHTS ANALYSIS: Trade deficit reaches alarming proportions Atilla YeşiladaPosted on30 September, 2022 Cover chart legend: RED: Total trade deficit BLUE: Energy GREEN: Core deficit … Continue ReadingANALYSIS: Trade deficit reaches alarming proportions
Categories Business Economy HIGHLIGHTS HYPED Turkish cultural tourism expected to speed up in fall Cem CetingucPosted on30 September, 2022 Cultural tourism in Türkiye is expected to flourish in the fall, sector representatives have stated, predicting Istanbul and … Continue ReadingTurkish cultural tourism expected to speed up in fall
Categories Economy General HIGHLIGHTS HYPED EBRD upgrades Turkey’s economic forecast Cem CetingucPosted on29 September, 2022 The European Bank for Reconstruction and Development (EBRD) has upgraded its 2022 growth forecast for Turkey to … Continue ReadingEBRD upgrades Turkey’s economic forecast
Categories Economy Finance HIGHLIGHTS Erdogan Says He Wants Turkey’s Interest Rate in Single Digits This Year Güldem AtabayPosted on28 September, 2022 Turkey’s President Recep Tayyip Erdogan called for the central bank to continue cutting its main … Continue ReadingErdogan Says He Wants Turkey’s Interest Rate in Single Digits This Year
Categories Economy General HIGHLIGHTS Politics What would happen to Turkish economy if Syrians left? Cem CetingucPosted on28 September, 202228 September, 2022 Alaeddin Şengüler, a Turkish economic analyst and a member of the Independent Turkish Industrialists and Businessmen … Continue ReadingWhat would happen to Turkish economy if Syrians left?
Categories Economy HIGHLIGHTS Politics Turkish State Banks Set to Exit Russia’s Mir on US Warning Güldem AtabayPosted on27 September, 2022 Turkish state banks are planning to exit a payment system used by Russians, a dramatic … Continue ReadingTurkish State Banks Set to Exit Russia’s Mir on US Warning
Categories Economy HIGHLIGHTS Politics The fork on the road: Opposition begins to argue on common economic policy, candidate Atilla YeşiladaPosted on27 September, 2022 Turkey’s main opposition alliance, six parties, dubbed the “Table of Six,” prepared for their second … Continue ReadingThe fork on the road: Opposition begins to argue on common economic policy, candidate
Categories Economy HYPED Gubad Ibadoghlu: Who stands to gain from closer relations between Russia and Turkey? Atilla YeşiladaPosted on27 September, 2022 Russian President Vladimir Putin and Turkish President Recep Tayyip Erdoğan met in early August in … Continue ReadingGubad Ibadoghlu: Who stands to gain from closer relations between Russia and Turkey?
Categories Economy Finance HIGHLIGHTS Turkey is hoping for a currency swap deal with Saudi Arabia Güldem AtabayPosted on26 September, 202226 September, 2022 Saudi Arabia’s Crown Prince Mohammed bin Salman received Turkey’s Presidential spokesman Dr. Ibrahim Kalin and … Continue ReadingTurkey is hoping for a currency swap deal with Saudi Arabia
Categories Economy Finance HIGHLIGHTS Faith of the Turkish Lira: Can it bounce back? Cem CetingucPosted on26 September, 2022 The USD/TRY exchange rate continued its bullish trend after the divergent paths taken by the Federal … Continue ReadingFaith of the Turkish Lira: Can it bounce back?
Categories Economy General HIGHLIGHTS Politics Erdoğan claims inflation is not an ‘insurmountable economic threat’ Cem CetingucPosted on26 September, 202226 September, 2022 Inflation is not an “insurmountable economic threat,” President Recep Tayyip Erdoğan said Monday, adding it … Continue ReadingErdoğan claims inflation is not an ‘insurmountable economic threat’
Categories Economy Finance HIGHLIGHTS Turkey: The Central Bank of Turkey delivers another 100bp rate cut Güldem AtabayPosted on22 September, 2022 Citing evidence pointing to momentum loss in economic activity, the CBT cut the policy rate … Continue ReadingTurkey: The Central Bank of Turkey delivers another 100bp rate cut
Categories Economy HIGHLIGHTS Politics Poll: All opposition candidates lead Erdoğan in Kurdish-majority provinces Güldem AtabayPosted on21 September, 2022 The main opposition CHP has gained support in the region. Erdoğan’s AKP still in the … Continue ReadingPoll: All opposition candidates lead Erdoğan in Kurdish-majority provinces
Categories Economy Finance HIGHLIGHTS Markets Banks Intervene in Turkey Market Mayhem in Relief for Brokerages Güldem AtabayPosted on21 September, 2022 Key Turkish banks are buying back shares after stocks reversed an unprecedented rally last week, … Continue ReadingBanks Intervene in Turkey Market Mayhem in Relief for Brokerages
Categories Economy General HIGHLIGHTS Turkey’s food prices skyrocket despite agriculture Cem CetingucPosted on20 September, 202220 September, 2022 Turkey is one of the world’s largest agricultural producers. Yet increases in food prices are … Continue ReadingTurkey’s food prices skyrocket despite agriculture
Categories Business Economy Finance General HIGHLIGHTS Politics Daglioglu: We are optimistic about Qatari investments Cem CetingucPosted on20 September, 2022 Qatari investments in Turkiye have increased considerably over the past few years, covering a wide … Continue ReadingDaglioglu: We are optimistic about Qatari investments
Categories Economy General HIGHLIGHTS Markets Turkish-Cypriots Flee country due to economic downfall Cem CetingucPosted on20 September, 202220 September, 2022 It’s not just the endless failure to reunify the island split by unlawful 1974 invasions … Continue ReadingTurkish-Cypriots Flee country due to economic downfall
