Categories Economy HIGHLIGHTS Turkish inflation has risen to the highest level since January 2022 Güldem AtabayPosted on3 August, 2023 Following the release of the inflation data, market attention shifted to exchange rates and gold … Continue ReadingTurkish inflation has risen to the highest level since January 2022
Categories Atilla Yeşilada Economy HIGHLIGHTS TURKEY/Real Turkey Channel: Can Gaye Erkan Stop Soaring Inflation? Atilla YeşiladaPosted on2 August, 2023 Turkey’s rookie Central Bank governor Gaye Erkan is getting good reviews in the international press. … Continue ReadingTURKEY/Real Turkey Channel: Can Gaye Erkan Stop Soaring Inflation?
Categories Economy HIGHLIGHTS Turkiye annual inflation to rebound to 47.3% after tax hikes, lira decline Güldem AtabayPosted on2 August, 2023 Turkiye’s monthly inflation is seen at 9.1 per cent in July due to various tax … Continue ReadingTurkiye annual inflation to rebound to 47.3% after tax hikes, lira decline
Categories Economy HIGHLIGHTS Inflation hurts: Headline PMI posts 49.9 in July Güldem AtabayPosted on1 August, 2023 Business conditions were broadly stable in the Turkish manufacturing sector during July as recent sequences … Continue ReadingInflation hurts: Headline PMI posts 49.9 in July
Categories Economy HIGHLIGHTS Inflation soars in Istanbul, hitting nearly 64% annually Güldem AtabayPosted on1 August, 2023 Prices for health, household goods, education, entertainment, transport, communication, housing, and food rose significantly compared … Continue ReadingInflation soars in Istanbul, hitting nearly 64% annually
Categories Economy HIGHLIGHTS TURKISH ECONOMY SHORTS: Debt, consumer confidence, Eurobond rally Atilla YeşiladaPosted on31 July, 202331 July, 2023 Stratfor– Turkey Wavers Under the Weight of its Debt Load Turkey’s economy has wavered … Continue ReadingTURKISH ECONOMY SHORTS: Debt, consumer confidence, Eurobond rally
Categories Economy General HIGHLIGHTS Wage hikes instantly eroded by inflation, as poverty set to increase Atilla YeşiladaPosted on31 July, 2023 Turkey’s poverty threshold for a family of four rose to 37,974 liras in July, data … Continue ReadingWage hikes instantly eroded by inflation, as poverty set to increase
Categories Business Economy HIGHLIGHTS Economy czar Simsek: Rational policies bearing fruit Atilla YeşiladaPosted on30 July, 2023 “We are pleased to see an increase in investors’ interest in Turkish assets,” said Mehmet … Continue ReadingEconomy czar Simsek: Rational policies bearing fruit
Categories Economy HIGHLIGHTS ‘Good news’ from VP Cevdet Yılmaz: ‘No additional tax until the end of the year’ Atilla YeşiladaPosted on30 July, 2023 Vice President Cevdet Yılmaz, arguing that the main factor in tax increases is the earthquake, … Continue Reading‘Good news’ from VP Cevdet Yılmaz: ‘No additional tax until the end of the year’
Categories Economy HIGHLIGHTS Gaye Erkan’s first Inflation Report : Correct diagnosis, but no real remedy for inflation Atilla YeşiladaPosted on28 July, 2023 Erkan, the first female governor of the bank, said inflation will rise “in the short … Continue ReadingGaye Erkan’s first Inflation Report : Correct diagnosis, but no real remedy for inflation
Categories Economy HIGHLIGHTS New inflation forecast by Gedik Invest: 69 percent by year-end Atilla YeşiladaPosted on27 July, 2023 We revise our end-2023 CPI inflation forecast to 69% from 55% In July, we expect … Continue ReadingNew inflation forecast by Gedik Invest: 69 percent by year-end
Categories Atilla Yeşilada Economy HIGHLIGHTS Erdogan’s U-turn in economic policy promises hope for Turkey Atilla YeşiladaPosted on25 July, 2023 Columnist Atilla Yesilada explains why Erdogan gave up on his crazy economic ideas, entrusting the … Continue ReadingErdogan’s U-turn in economic policy promises hope for Turkey
Categories Economy HIGHLIGHTS Turkish Central Bank implements quantitative tightening as new regulations take effect Güldem AtabayPosted on25 July, 2023 The Turkish Central Bank has implemented “quantitative tightening” measures, including new regulations exempting export and … Continue ReadingTurkish Central Bank implements quantitative tightening as new regulations take effect
Categories Economy HIGHLIGHTS Turkey’s central bank raises interest rate less than expected, to 17.5% Güldem AtabayPosted on21 July, 2023 Turkey’s central bank on Thursday hiked its key interest rate by 250 basis points to … Continue ReadingTurkey’s central bank raises interest rate less than expected, to 17.5%
Categories Economy HIGHLIGHTS Turkey: Price of fuel climbs up by over 20% after increase in taxes Güldem AtabayPosted on17 July, 2023 In a flurry of tax hikes, the price of gasoline, diesel oil and natural gas … Continue ReadingTurkey: Price of fuel climbs up by over 20% after increase in taxes
Categories Economy HIGHLIGHTS Turkish budget deficit soars to $8.37 billion, Finance Minister calls for cost-saving measures Güldem AtabayPosted on17 July, 2023 Turkish Finance Minister Mehmet Simsek has implemented measures to address the widening budget deficit, including … Continue ReadingTurkish budget deficit soars to $8.37 billion, Finance Minister calls for cost-saving measures
Categories Economy HIGHLIGHTS Tim Ash: Turkey economic outlook- A game of jenga Güldem AtabayPosted on17 July, 2023 I spent the week in Turkey, visiting Istanbul and Ankara, meeting the usual mix of … Continue ReadingTim Ash: Turkey economic outlook- A game of jenga
Categories Economy General HIGHLIGHTS FT: Turkey triples petrol taxes as Erdoğan tries to repair public finances Güldem AtabayPosted on17 July, 2023 Measure prompts concerns over higher inflation after increases in value added tax. Turkey has tripled … Continue ReadingFT: Turkey triples petrol taxes as Erdoğan tries to repair public finances
Categories Economy HIGHLIGHTS Journalist claims Erdogan already frustrated by Mehmet Simsek Atilla YeşiladaPosted on15 July, 2023 It is alleged that President Erdoğan listened quietly in his meetings with the economy team, … Continue ReadingJournalist claims Erdogan already frustrated by Mehmet Simsek
Categories Economy HIGHLIGHTS Politics Sweden’s Supreme Court rules against extradition of two Turkish citizens Güldem AtabayPosted on14 July, 2023 Downloading and using a mobile application do not equate to participation in a terrorist organization, … Continue ReadingSweden’s Supreme Court rules against extradition of two Turkish citizens