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Category: Economy

Economy news from Turkey in English

William Tucker:  Why We Should Be Keeping an Eye on Turkey?
Categories Economy HIGHLIGHTS

William Tucker:  Why We Should Be Keeping an Eye on Turkey?

Atilla YeşiladaPosted on2 July, 2022

Turkey has had a rough time lately. Economically, inflation in Turkey has reached record levels, … Continue ReadingWilliam Tucker:  Why We Should Be Keeping an Eye on Turkey?

Moody’s:  Global credit conditions more negative amid rising borrowing costs, slower economy growth
Categories Economy Emerging Markets HYPED

Moody’s:  Global credit conditions more negative amid rising borrowing costs, slower economy growth

Atilla YeşiladaPosted on1 July, 2022

Moody’s Investors Service on Thursday said global credit conditions have turned more negative amid rising … Continue ReadingMoody’s:  Global credit conditions more negative amid rising borrowing costs, slower economy growth

Turkey June manufacturing PMI signals contraction
Categories Economy HIGHLIGHTS

Turkey June manufacturing PMI signals contraction

Güldem AtabayPosted on1 July, 2022

The latest PMI® survey data from Istanbul Chamber of Industry and S&P Global pointed to … Continue ReadingTurkey June manufacturing PMI signals contraction

WP: How a thaw with Turkey could help Ukraine win the war
Categories Economy HIGHLIGHTS Politics

WP: How a thaw with Turkey could help Ukraine win the war

Güldem AtabayPosted on1 July, 2022

At this week’s NATO summit, President Biden met for the first time in a year … Continue ReadingWP: How a thaw with Turkey could help Ukraine win the war

Turkey holds key to unblocking Black Sea grain deal, Ukraine says
Categories Economy HIGHLIGHTS Politics

Turkey holds key to unblocking Black Sea grain deal, Ukraine says

Güldem AtabayPosted on1 July, 2022

Ukraine is looking to Turkey for security guarantees that would unlock a deal with Russia … Continue ReadingTurkey holds key to unblocking Black Sea grain deal, Ukraine says

Turkey’s May foreign trade gap hits $10.6B on soaring energy costs
Categories Economy HIGHLIGHTS

Turkey’s May foreign trade gap hits $10.6B on soaring energy costs

Atilla YeşiladaPosted on30 June, 2022

Turkey’s foreign trade deficit in May, official data showed Thursday, was driven by high energy … Continue ReadingTurkey’s May foreign trade gap hits $10.6B on soaring energy costs

Biden administration throws support behind potential F-16 sale to Turkey
Categories Economy HIGHLIGHTS Politics

Biden administration throws support behind potential F-16 sale to Turkey

Güldem AtabayPosted on29 June, 202229 June, 2022

The Biden administration threw its support on Wednesday behind the potential sale of F-16 fighter … Continue ReadingBiden administration throws support behind potential F-16 sale to Turkey

Biden to Discuss With Erdogan the Sale of F-16 Jets to Turkey
Categories Economy HIGHLIGHTS Politics

Biden to Discuss With Erdogan the Sale of F-16 Jets to Turkey

Güldem AtabayPosted on29 June, 2022

US President Joe Biden and Turkish President Recep Tayyip Erdogan will discuss the sale of … Continue ReadingBiden to Discuss With Erdogan the Sale of F-16 Jets to Turkey

Lira Weakens as Corporates Keep Buying Dollars Despite New Rule
Categories Economy HIGHLIGHTS

Lira Weakens as Corporates Keep Buying Dollars Despite New Rule

Güldem AtabayPosted on29 June, 2022

The Turkish currency retreated on Tuesday as companies continued to buy dollars for a second … Continue ReadingLira Weakens as Corporates Keep Buying Dollars Despite New Rule

Turkey lifts block on Finnish and Swedish NATO bids
Categories Economy HIGHLIGHTS Politics

Turkey lifts block on Finnish and Swedish NATO bids

Güldem AtabayPosted on29 June, 2022

Turkey has lifted its objection to the NATO membership applications by Finland and Sweden, paving … Continue ReadingTurkey lifts block on Finnish and Swedish NATO bids

Pro-Turkish gov’t companies win 80 pct of bids with special invitations
Categories Economy HIGHLIGHTS Politics

Pro-Turkish gov’t companies win 80 pct of bids with special invitations

Güldem AtabayPosted on27 June, 2022

Eleven companies with owners close to Turkey’s Justice and Development Party (AKP) government have won … Continue ReadingPro-Turkish gov’t companies win 80 pct of bids with special invitations

Lira Surges, Stocks Fall as Turkey Introduces New Loan Ban
Categories Economy Finance General HIGHLIGHTS Markets

Lira Surges, Stocks Fall as Turkey Introduces New Loan Ban

Güldem AtabayPosted on27 June, 2022

The Turkish lira headed for its biggest gain this year, extending Friday’s advance after the … Continue ReadingLira Surges, Stocks Fall as Turkey Introduces New Loan Ban

Turkey’s Ban on Lira Loans to Some Firms Fires Up Currency Rally
Categories Economy HIGHLIGHTS Markets Politics

Turkey’s Ban on Lira Loans to Some Firms Fires Up Currency Rally

Güldem AtabayPosted on24 June, 2022

Turkey stepped up efforts to bolster the lira and cool off lending with a surprise … Continue ReadingTurkey’s Ban on Lira Loans to Some Firms Fires Up Currency Rally

JP Morgan:  Turkey: the CBRT shows no intention of tightening its policy
Categories Economy Finance HIGHLIGHTS

JP Morgan:  Turkey: the CBRT shows no intention of tightening its policy

Atilla YeşiladaPosted on24 June, 2022

Despite stronger price pressures and tighter global liquidity, the CBRT, once again, kept rates unchanged … Continue ReadingJP Morgan:  Turkey: the CBRT shows no intention of tightening its policy

Erdoğan may call Turkish elections for May next year
Categories Economy General HIGHLIGHTS Politics

Erdoğan may call Turkish elections for May next year

Güldem AtabayPosted on22 June, 2022

Turkish President Recep Tayyip Erdoğan may call presidential and parliamentary elections for May next year, … Continue ReadingErdoğan may call Turkish elections for May next year

Turkey’s consumer confidence extends record low in May
Categories Economy HIGHLIGHTS Politics

Turkey’s consumer confidence extends record low in May

Güldem AtabayPosted on22 June, 2022

Turkey’s benchmark index of consumer confidence extended a record low last month as inflation hit … Continue ReadingTurkey’s consumer confidence extends record low in May

70 percent of Turks unable to go on holiday amid financial woes, finds survey
Categories Economy HIGHLIGHTS Politics

70 percent of Turks unable to go on holiday amid financial woes, finds survey

Güldem AtabayPosted on22 June, 2022

Some 70 percent of Turkish citizens reported having no holiday plans amid financial woes, according … Continue Reading70 percent of Turks unable to go on holiday amid financial woes, finds survey

Turkey Plans Stealth Power Hikes Hoping to Avoid Repeat of Protests
Categories Economy HIGHLIGHTS Politics

Turkey Plans Stealth Power Hikes Hoping to Avoid Repeat of Protests

Güldem AtabayPosted on21 June, 2022

Turkey aims to raise electricity prices steadily throughout the year to avoid a repeat of … Continue ReadingTurkey Plans Stealth Power Hikes Hoping to Avoid Repeat of Protests

Saudi crown prince visits Egypt and Jordan before Turkey
Categories Economy HIGHLIGHTS Politics

Saudi crown prince visits Egypt and Jordan before Turkey

Güldem AtabayPosted on21 June, 2022

A Saudi diplomat said that Saudi Crown Prince Mohammed bin Salman begins a regional tour on … Continue ReadingSaudi crown prince visits Egypt and Jordan before Turkey

Turkey  runs out of budget by June!
Categories Economy HIGHLIGHTS

Turkey  runs out of budget by June!

Atilla YeşiladaPosted on21 June, 2022

Turkey’s government has submitted a proposal to parliament for a supplementary budget of some 1 … Continue ReadingTurkey  runs out of budget by June!

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Recent Posts

  • William Tucker:  Why We Should Be Keeping an Eye on Turkey?
  • Erdogan may have put Syria expedition on hold
  • NATO enlargement still not a done deal
  • Moody’s:  Global credit conditions more negative amid rising borrowing costs, slower economy growth
  • Kilicdaroglu says opposition candidate will defeat Erdoğan in first round

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