Categories Company & Industry Economy General HIGHLIGHTS Turkish government announces low interest mortgages for mid-income citizens Cem CetingucPosted on4 January, 2023 Mortgages with lower rates and longer maturities will be offered to middle-income Turkish citizens looking … Continue ReadingTurkish government announces low interest mortgages for mid-income citizens
Categories Economy HIGHLIGHTS Turkey Asks Banks to Slow Dollar Purchases Until Next Week Güldem AtabayPosted on28 December, 2022 According to Bloomberg, Turkey’s central bank asked commercial lenders to refrain from carrying out large … Continue ReadingTurkey Asks Banks to Slow Dollar Purchases Until Next Week
Categories Economy HIGHLIGHTS Turkish lira weakens to record low of 18.84 against dollar, with losses near 30 pct Güldem AtabayPosted on27 December, 2022 Turkey’s lira briefly touched a record low of 18.8440 against the dollar early on Monday … Continue ReadingTurkish lira weakens to record low of 18.84 against dollar, with losses near 30 pct
Categories Economy HIGHLIGHTS Turkish manufacturing capacity utilization rate drops to 75,9 percent Güldem AtabayPosted on27 December, 2022 The capacity utilization rate of the Turkish manufacturing industry declined to 75.9% in December, according … Continue ReadingTurkish manufacturing capacity utilization rate drops to 75,9 percent
Categories Economy HIGHLIGHTS Minister warns grocery chains not to increase prices too much after minimum wage hike Güldem AtabayPosted on26 December, 2022 Trade Minister Mehmed Muş has hosted the heads of four grocery chains to warn them … Continue ReadingMinister warns grocery chains not to increase prices too much after minimum wage hike
Categories Economy HIGHLIGHTS RTÜK fines three TV outlets over coverage of İstanbul mayor’s trial, one over the host “praising terrorism with mimics” during a program Güldem AtabayPosted on22 December, 2022 The Radio and Television Supreme Council (RTÜK) penalized TV channels Halk TV, TELE1 and FOX … Continue ReadingRTÜK fines three TV outlets over coverage of İstanbul mayor’s trial, one over the host “praising terrorism with mimics” during a program
Categories Economy HIGHLIGHTS Turkey raises minimum wage by 54 percent Güldem AtabayPosted on22 December, 202222 December, 2022 The minimum monthly wage in Türkiye will be 8,506 lira (455 US dollars) in 2023, … Continue ReadingTurkey raises minimum wage by 54 percent
Categories Economy General HIGHLIGHTS Politics Turkish minimum wage increases to 8500 TL Cem CetingucPosted on22 December, 2022 President Recep Tayyip Erdoğan announced on Dec. 22 that the minimum wage will be raised by 55 … Continue ReadingTurkish minimum wage increases to 8500 TL
Categories Economy HIGHLIGHTS Politics Erdogan vows to tackle Turkey’s high inflation Cem CetingucPosted on21 December, 2022 President Recep Tayyip Erdoğan on Dec. 21 vowed to sharply decline the inflation in Turkey … Continue ReadingErdogan vows to tackle Turkey’s high inflation
Categories Economy HIGHLIGHTS Turkish consumer confidence weakens in december Güldem AtabayPosted on21 December, 202221 December, 2022 Turkeye’s consumer confidence index fell 1.3% to 75.6 points in December, official data showed on … Continue ReadingTurkish consumer confidence weakens in december
Categories Economy HIGHLIGHTS Politics Turkish court sentences Erdogan rival to jail with political ban Güldem AtabayPosted on14 December, 202214 December, 2022 Istanbul mayor handed 2-year 7-month jail sentence Imamoglu accused of insulting public officials in speech … Continue ReadingTurkish court sentences Erdogan rival to jail with political ban
Categories Economy General HIGHLIGHTS Syrian refugees consider ‘going back’ due to Turkish economic crisis Cem CetingucPosted on14 December, 2022 Amid rampant inflation and an economic crisis in Turkey, and with an election scheduled in … Continue ReadingSyrian refugees consider ‘going back’ due to Turkish economic crisis
Categories Economy Finance General HIGHLIGHTS Why Turks are obsessed with Cyrpto-currencies? Cem CetingucPosted on12 December, 2022 A new study reveals Turkey is in second place for crypto-related searches worldwide and first … Continue ReadingWhy Turks are obsessed with Cyrpto-currencies?
Categories Economy General HIGHLIGHTS Head of Turkish Exporters: FX rate is the real indicator for inflation Cem CetingucPosted on8 December, 20228 December, 2022 The exchange rate should be directly proportional to inflation levels, the head of the Turkish … Continue ReadingHead of Turkish Exporters: FX rate is the real indicator for inflation
Categories Economy General HIGHLIGHTS Politics Erdogan loses ground pre-election as Turkish inflation skyrockets Cem CetingucPosted on8 December, 2022 As Turkey’s annual inflation rate has soared above 80%, families are being forced to stick … Continue ReadingErdogan loses ground pre-election as Turkish inflation skyrockets
Categories Economy General HIGHLIGHTS Politics Saudi Arabia to inject 5B dollars to Turkey before election Cem CetingucPosted on7 December, 2022 Riyadh is considering injecting 5 billion dollars into Turkey’s Central Bank, something that could improve … Continue ReadingSaudi Arabia to inject 5B dollars to Turkey before election
Categories Economy General HIGHLIGHTS Turkish Statistical Institute: Inflation slows down in November Cem CetingucPosted on5 December, 2022 The annual consumer price inflation eased from 85.5 percent in October to 84.39 percent in … Continue ReadingTurkish Statistical Institute: Inflation slows down in November
Categories Company & Industry Economy Emerging Markets General HIGHLIGHTS Turkey Health Tourism Sector aim to expand over 60 Countries Cem CetingucPosted on4 December, 2022 Data from the Health Ministry showed that 1.5 million foreign nationals visited Türkiye to receive … Continue ReadingTurkey Health Tourism Sector aim to expand over 60 Countries
Categories Economy General HIGHLIGHTS Politics What is the fate of Turkish economy? Cem CetingucPosted on4 December, 2022 Turkey has major economic challenges to weather. The Turkish Central Bank continues to cut interest … Continue ReadingWhat is the fate of Turkish economy?
Categories Economy General HIGHLIGHTS Deputy Minister reveals Turkey has 5.2 million foreigners Cem CetingucPosted on2 December, 20222 December, 2022 The total number of foreigners in Turkey is 5.2 million, Deputy Interior Minister İsmail Çataklı has announced. There … Continue ReadingDeputy Minister reveals Turkey has 5.2 million foreigners