Categories Economy HIGHLIGHTS Turkey: Recession and inflation at the same time? Atilla YeşiladaPosted on3 November, 2022 The Turkish government under President Recep Tayyip Erdoğan has refused to abandon a low interest … Continue ReadingTurkey: Recession and inflation at the same time?
Categories Economy HIGHLIGHTS Natasha Turak: Turkey’s inflation tops 85% as Erdogan continues to rule out interest rate hikes Atilla YeşiladaPosted on3 November, 2022 Inflation in Turkey rose for the 17th consecutive month in October, hitting 85.5% year-on-year as … Continue ReadingNatasha Turak: Turkey’s inflation tops 85% as Erdogan continues to rule out interest rate hikes
Categories Economy General HIGHLIGHTS CBRT lifts year-end inflation forecast to 65.2 percent Cem CetingucPosted on31 October, 2022 Turkey’s central bank has lifted its inflation forecast for the end of 2022 to 65.2% … Continue ReadingCBRT lifts year-end inflation forecast to 65.2 percent
Categories Company & Industry Economy Finance General HIGHLIGHTS Turan: Access to loan gets more difficult on a daily basis Cem CetingucPosted on30 October, 2022 Turkey’s leading TÜSİAD business association chair Orhan Turan has said that access to loan is … Continue ReadingTuran: Access to loan gets more difficult on a daily basis
Categories Economy General HIGHLIGHTS HYPED Turkstat: Economic confidence index advanced by 3 percent in October Cem CetingucPosted on30 October, 202230 October, 2022 The economic confidence index advanced by 3 percent in October from September to 97.1, the Turkish Statistical Institute … Continue ReadingTurkstat: Economic confidence index advanced by 3 percent in October
Categories Economy General HIGHLIGHTS September: Turkish trade deficit surges 268 percent Cem CetingucPosted on30 October, 2022 Turkey’s foreign trade deficit surged 268.1% year-on-year to $9.60 billion in September, with imports climbing … Continue ReadingSeptember: Turkish trade deficit surges 268 percent
Categories Business Company & Industry Economy General HIGHLIGHTS Turkish banks are struggling to attract international investors amid rising debt Cem CetingucPosted on26 October, 2022 Turkish banks are struggling to attract international investors to take on their swelling ranks of … Continue ReadingTurkish banks are struggling to attract international investors amid rising debt
Categories Economy General HIGHLIGHTS HYPED An insight into AKP’s reckless spending habits Cem CetingucPosted on26 October, 2022 There are countless examples of the dubious spending habits of Turkey’s ruling Justice and Development … Continue ReadingAn insight into AKP’s reckless spending habits
Categories Economy Finance General HIGHLIGHTS HYPED Nebati met with bank officials on Monday Cem CetingucPosted on26 October, 2022 Turkish Finance Minister Nureddin Nebati has met several bank executives and the BDDK financial watchdog … Continue ReadingNebati met with bank officials on Monday
Categories Company & Industry Economy General HIGHLIGHTS Doctors flee country due to abuse, soaring inflation Cem CetingucPosted on25 October, 202228 October, 2022 Turkish doctor Mesut began his career wanting to help patients and be of use to … Continue ReadingDoctors flee country due to abuse, soaring inflation
Categories Economy General HIGHLIGHTS HYPED Lira’s faith after CBRT rate cut seems ‘unfortunate’ Cem CetingucPosted on21 October, 202221 October, 2022 The USD/TRY price has been in a consolidation phase in the past few months and is hovering … Continue ReadingLira’s faith after CBRT rate cut seems ‘unfortunate’
Categories Economy Finance General HIGHLIGHTS HYPED CBRT cuts interest rate again despite soaring inflation Cem CetingucPosted on20 October, 202220 October, 2022 Turkey’s central bank lowered its benchmark interest rate for the third time in a row … Continue ReadingCBRT cuts interest rate again despite soaring inflation
Categories Economy HIGHLIGHTS Politics US Ratchets Up Pressure on Turkey Over Ties With Russia Güldem AtabayPosted on20 October, 2022 US officials have held talks with their Turkish counterparts regarding compliance with financial sanctions imposed … Continue ReadingUS Ratchets Up Pressure on Turkey Over Ties With Russia
Categories Economy HIGHLIGHTS Turkey Central Bank Ducks Questions on Flagship Lira Saving Tool Güldem AtabayPosted on18 October, 2022 A Turkish central bank official refused to tell lawmakers the cost of a flagship deposit … Continue ReadingTurkey Central Bank Ducks Questions on Flagship Lira Saving Tool
Categories Economy HIGHLIGHTS The future of the turkish economy under the presidential system Atilla YeşiladaPosted on18 October, 202219 October, 2022 The current stability in the Turkish economy relies on FX-protected deposits and FX sales by … Continue ReadingThe future of the turkish economy under the presidential system
Categories Economy General HIGHLIGHTS HYPED Economic crisis hits Turkish youth hard Cem CetingucPosted on18 October, 202218 October, 2022 Inflation has risen at such a rapid rate in Turkey that people have a hard … Continue ReadingEconomic crisis hits Turkish youth hard
Categories Business Economy HIGHLIGHTS Commentary: Is Turkey Headed For a Debt Crisis? Atilla YeşiladaPosted on15 October, 2022 An unprecedented series of interest rate hikes have precipitated fears of a debt crisis … Continue ReadingCommentary: Is Turkey Headed For a Debt Crisis?
Categories Economy HIGHLIGHTS Turkey August industrial output signals slump Atilla YeşiladaPosted on12 October, 202212 October, 2022 Turkey’s industrial production growth slowed to 1.0 percent year-on-year in August 2022 from an upwardly … Continue ReadingTurkey August industrial output signals slump
Categories Economy HIGHLIGHTS Turkish current account shows deficit of $3bn in August, annual up to $40 bn Atilla YeşiladaPosted on12 October, 2022 The current account deficit in August turned out to be US$-3.1bn, broadly in line with … Continue ReadingTurkish current account shows deficit of $3bn in August, annual up to $40 bn
Categories Economy Finance General HIGHLIGHTS HYPED HSBC: CBRT sold 107 billion dollars in 9 months Cem CetingucPosted on10 October, 202210 October, 2022 According to HSBC Portfolio’s calculations, it is estimated that the Central Bank’s reserves for exchange … Continue ReadingHSBC: CBRT sold 107 billion dollars in 9 months
