Categories Economy General HIGHLIGHTS Politics CHP leader pledges to end poverty in Turkey Cem CetingucPosted on3 June, 2022 The main opposition Republican People’s Party (CHP) leader said he would end the “poverty” in Turkey … Continue ReadingCHP leader pledges to end poverty in Turkey
Categories Economy HIGHLIGHTS Turkey Targets Lira Short Selling by Focusing on Niche Bonds Güldem AtabayPosted on3 June, 2022 Turkey is planning to restrict purchases by domestic investors of new lira bonds sold by … Continue ReadingTurkey Targets Lira Short Selling by Focusing on Niche Bonds
Categories Economy General HIGHLIGHTS Turkey’s inflation reaches 73.5 percent in May Cem CetingucPosted on3 June, 20223 June, 2022 Turkey’s annual inflation rate rose at a lower-than-expected pace in May but still jumped to … Continue ReadingTurkey’s inflation reaches 73.5 percent in May
Categories Economy Finance General HIGHLIGHTS Macro Snapshot: Manufacturing PMI remained stable at 49.2 in May Cem CetingucPosted on2 June, 2022 Manufacturing PMI remained stable at 49.2 in May and continued to stay at the contractionary … Continue ReadingMacro Snapshot: Manufacturing PMI remained stable at 49.2 in May
Categories Company & Industry Economy General HIGHLIGHTS Turkey raises natural gas and power prices amid ‘perfect eceonomic storm’ Cem CetingucPosted on2 June, 2022 Turkey raised natural gas and power prices on Wednesday and its energy importer blamed a … Continue ReadingTurkey raises natural gas and power prices amid ‘perfect eceonomic storm’
Categories Economy HIGHLIGHTS Bloomberg HT Consumer Confidence Index fell 10.1 percent in May Güldem AtabayPosted on1 June, 2022 Bloomberg HT Consumer Confidence Index fell 10.10 percent in May compared to the previous month … Continue ReadingBloomberg HT Consumer Confidence Index fell 10.1 percent in May
Categories Economy HIGHLIGHTS Istanbul inflation at 87.4 percent in may as the official figure is due for Friday Güldem AtabayPosted on1 June, 20221 June, 2022 Istanbul inflation, which is considered the leading indicator for the TURKSTAT Turkey-wide inflation data to … Continue ReadingIstanbul inflation at 87.4 percent in may as the official figure is due for Friday
Categories Economy HIGHLIGHTS Turkey manufacturing PMI: Below 50,0 benchmark-again Güldem AtabayPosted on1 June, 2022 Turkey’s headline PMI was unchanged at 49.2 in May. The reading signalled a third successive … Continue ReadingTurkey manufacturing PMI: Below 50,0 benchmark-again
Categories Business Economy General HIGHLIGHTS HYPED Turkey eases pandemic restrictions for foreign visitors Cem CetingucPosted on1 June, 2022 The Interior Ministry announced that polymerase chain reaction (PCR) tests would not be asked from visitors arriving … Continue ReadingTurkey eases pandemic restrictions for foreign visitors
Categories Economy Finance General HIGHLIGHTS Macro View: Economic activity remains buoyant with pulled-forward domestic demand Cem CetingucPosted on1 June, 2022 1Q22 GDP growth reaches 7.3%, in line with expectations. TurkStat announced that 1Q22 GDP growth reached … Continue ReadingMacro View: Economic activity remains buoyant with pulled-forward domestic demand
Categories Economy HIGHLIGHTS Turkey’s 1Q22 GDP growth at 7.3 percent- inflation surge speeds up consumption Güldem AtabayPosted on31 May, 2022 Turkey’s annual economic growth for 2Q22 is 7.3 percent led by consumer spending and exports. … Continue ReadingTurkey’s 1Q22 GDP growth at 7.3 percent- inflation surge speeds up consumption
Categories Economy General HIGHLIGHTS Turkish economy grows 7.3 percent in first quarter Cem CetingucPosted on31 May, 2022 Turkey’s economy topped forecasts to expand by 7.3% in the first quarter of 2022, official … Continue ReadingTurkish economy grows 7.3 percent in first quarter
Categories Atilla Yeşilada Columnists Economy HIGHLIGHTS Video Commentary: Erdogan’s Lethal Economic Legacy Atilla YeşiladaPosted on31 May, 2022 100% inflation, $50 bn current account deficit, $181 bn foreign debt coming due. After … Continue ReadingVideo Commentary: Erdogan’s Lethal Economic Legacy
Categories Company & Industry Economy General HIGHLIGHTS Markets Turkish publishers struggle to survive amid economic crisis Cem CetingucPosted on30 May, 2022 Turkish publishers are increasingly struggling to release new books and face agonising choices to survive amid … Continue ReadingTurkish publishers struggle to survive amid economic crisis
Categories Economy HIGHLIGHTS Turkish inflation rate may hit 200 percent, research group says Atilla YeşiladaPosted on29 May, 2022 Consumer price inflation in Turkey may accelerate to more than 200 percent, local research organization … Continue ReadingTurkish inflation rate may hit 200 percent, research group says
Categories Economy General HIGHLIGHTS Turkish government contemplates rent price cap to battle against soaring prices Cem CetingucPosted on25 May, 2022 To discuss the sharp increase in housing and rent prices, the Ministry of Environment, Urbanization … Continue ReadingTurkish government contemplates rent price cap to battle against soaring prices
Categories Economy General HIGHLIGHTS Markets Turkish Lira’s downfall: Currency plunges most since 2021 Cem CetingucPosted on25 May, 2022 The Turkish lira plunged the most since a rout late last year, as a steep … Continue ReadingTurkish Lira’s downfall: Currency plunges most since 2021
Categories Business Company & Industry Economy General HIGHLIGHTS Tech Turkey to save 7 Billion dollars from wind, solar energy Cem CetingucPosted on25 May, 2022 Turkey has managed to save $7 billion in the last 12 months as its wind … Continue ReadingTurkey to save 7 Billion dollars from wind, solar energy
Categories Economy General HIGHLIGHTS Politics CBRT to meet this week for policy rate Cem CetingucPosted on23 May, 2022 Policymakers at Turkey’s Central Bank are set to meet later this week to decide on the key interest rate. … Continue ReadingCBRT to meet this week for policy rate
Categories Economy HIGHLIGHTS Politics What Turkey Wants From Sweden and Finland in NATO Expansion Spat Güldem AtabayPosted on17 May, 2022 As Turkey threatens to block bids to join NATO by Sweden and Finland in the wake of … Continue ReadingWhat Turkey Wants From Sweden and Finland in NATO Expansion Spat