Categories Business Economy HIGHLIGHTS Could Erdoganomics spread across EM? Atilla YeşiladaPosted on12 July, 2023 Turkey’s economy does not obviously inspire emulation. Over the past five years it has been … Continue ReadingCould Erdoganomics spread across EM?
Categories Economy HIGHLIGHTS Politics Turkish finance minister, c. bank chief to visit Saudi Arabia ahead of Erdogan visit Güldem AtabayPosted on12 July, 2023 Turkey’s finance minister and central bank governor will travel to Saudi Arabia on Wednesday to meet … Continue ReadingTurkish finance minister, c. bank chief to visit Saudi Arabia ahead of Erdogan visit
Categories Economy HIGHLIGHTS Politics Turkey approves Sweeden’s NATO access, Biden to move forward with the sale of F-16 fighter jets to Turkey Güldem AtabayPosted on11 July, 2023 NATO chief has announced after a trilateral meeting in Vilnius that Turkish President Erdogan has … Continue ReadingTurkey approves Sweeden’s NATO access, Biden to move forward with the sale of F-16 fighter jets to Turkey
Categories Economy HIGHLIGHTS Turkey’s current-account deficit widens in May Güldem AtabayPosted on11 July, 2023 The current-account deficit in Turkey soared to $7.93 billion in May, compared with a $5.40 … Continue ReadingTurkey’s current-account deficit widens in May
Categories Economy HIGHLIGHTS More tax hikes in Turkey, revenues falling short of the civil servant wage hike bill Güldem AtabayPosted on7 July, 20237 July, 2023 Turkey woke up to a wave of price increases on the last day of the … Continue ReadingMore tax hikes in Turkey, revenues falling short of the civil servant wage hike bill
Categories Economy HIGHLIGHTS Politics New report presents Turkey as a transit country for narcotics Güldem AtabayPosted on6 July, 2023 According to a new report, Turkey is a transit country for drug trafficking and a … Continue ReadingNew report presents Turkey as a transit country for narcotics
Categories Economy HIGHLIGHTS Turkey to raise corporate tax to fund earthquake rebuilding, shifts treasury-run portion of the forex-protected lira deposit accounts to CBRT Güldem AtabayPosted on5 July, 2023 A draft law proposes to raise corporate taxes from 20% to 25% and to fund … Continue ReadingTurkey to raise corporate tax to fund earthquake rebuilding, shifts treasury-run portion of the forex-protected lira deposit accounts to CBRT
Categories Economy HIGHLIGHTS Turkey’s inflation hits 38.2% in June amidst Lira’s depreciation Güldem AtabayPosted on5 July, 2023 Core inflation, which excludes volatile items, witnessed an annual increase of 47.3%, up from 46.6% … Continue ReadingTurkey’s inflation hits 38.2% in June amidst Lira’s depreciation
Categories Economy Finance HIGHLIGHTS Markets Central Bank promises further gradual tightening and simplification of rules Güldem AtabayPosted on3 July, 2023 Following the change of the CBRT Governor, the minutes of the 650 basis point rate … Continue ReadingCentral Bank promises further gradual tightening and simplification of rules
Categories Economy HIGHLIGHTS June PMI: Output growth at near two-year high, inflationary forces reaccelarate Güldem AtabayPosted on3 July, 2023 Turkish manufacturers continued to expand production at the end of the second quarter of the … Continue ReadingJune PMI: Output growth at near two-year high, inflationary forces reaccelarate
Categories Economy HIGHLIGHTS Inflation Research Group (ENAG), founded by a group of independent academics calculate June inflation as 108,6 percent Güldem AtabayPosted on3 July, 2023 According to unofficial data from the ENAG Inflation Research Group, an independent institution set up … Continue ReadingInflation Research Group (ENAG), founded by a group of independent academics calculate June inflation as 108,6 percent
Categories Economy HIGHLIGHTS Turkish State Banks Resume Supporting Lira as Rout Deepens Güldem AtabayPosted on3 July, 2023 As reported by Bloomberg, according to traders Turkey’s state-run lenders re-entered the foreign-currency market on Monday … Continue ReadingTurkish State Banks Resume Supporting Lira as Rout Deepens
Categories Economy HIGHLIGHTS Prof. Hakan Kara: Turkey still has a long road back to financial normalcy Güldem AtabayPosted on3 July, 2023 Is Turkey’s experiment with unconventional monetary policy over? Some signs suggest it may be. Since … Continue ReadingProf. Hakan Kara: Turkey still has a long road back to financial normalcy
Categories Economy HIGHLIGHTS Prof. Demiralp: Turkey’s Economic U-Turn? Güldem AtabayPosted on2 July, 2023 Turkey’s central bank has finally ended its era of easy monetary policy, which had reflected … Continue ReadingProf. Demiralp: Turkey’s Economic U-Turn?
Categories Economy HIGHLIGHTS World Bank approves one-billion-dollar financing for Turkey’s earthquake reconstruction Güldem AtabayPosted on1 July, 2023 The World Bank has announced its approval of 1 billion US dollars in financing to … Continue ReadingWorld Bank approves one-billion-dollar financing for Turkey’s earthquake reconstruction
Categories Economy HIGHLIGHTS Politics Report: Turkish drug lords control 20% of Middle East cocaine market Güldem AtabayPosted on1 July, 2023 A study by Insight Crime suggests that Turkish drug traffickers, known for their involvement in … Continue ReadingReport: Turkish drug lords control 20% of Middle East cocaine market
Categories Economy HIGHLIGHTS Retail prices in Istanbul surge by 3.46% in June Güldem AtabayPosted on1 July, 2023 The annual change rate in Istanbul was 55.19% for retail prices and 64.27% for wholesale … Continue ReadingRetail prices in Istanbul surge by 3.46% in June
Categories Economy HIGHLIGHTS Central Bank governor Gaye Erkan highlights confidence in Türkiye’s inflation fight Atilla YeşiladaPosted on24 June, 2023 Turkey’s newly-appointed central bank Governor Hafize Gaye Erkan said there is confidence in the government’s … Continue ReadingCentral Bank governor Gaye Erkan highlights confidence in Türkiye’s inflation fight
Categories Economy HIGHLIGHTS Timothy Ash comments on the rate hike decision: “flexible exchange rate will attract capital inflows” Güldem AtabayPosted on22 June, 202322 June, 2023 In the end the markets were disappointed, with the new CBRT governor, Erkan, only managing … Continue ReadingTimothy Ash comments on the rate hike decision: “flexible exchange rate will attract capital inflows”
Categories Economy HIGHLIGHTS Turkey seeks Gulf investments in energy and defense sectors after UAE talks Güldem AtabayPosted on22 June, 2023 The visit by Turkish Vice President Cevdet Yilmaz and Finance Minister Mehmet Simsek signifies Turkey’s … Continue ReadingTurkey seeks Gulf investments in energy and defense sectors after UAE talks