Categories Economy Güldem Atabay HIGHLIGHTS Shockingly “bold” rate cut and now what for TL? Güldem AtabayPosted on21 October, 2021 Turkey’s central bank cut the benchmark interest rate by 2 percentage points to 16% at … Continue ReadingShockingly “bold” rate cut and now what for TL?
Categories Economy Erdogan Unorthodox Views on Economy Rattle Turkish Markets Cem CetingucPosted on21 October, 2021 Turkey’s President Recep Tayyip Erdogan doesn’t like it when the country’s banks charge people relatively … Continue ReadingErdogan Unorthodox Views on Economy Rattle Turkish Markets
Categories Economy General Erdogan battles to curb ‘exorbitant prices’ Cem CetingucPosted on21 October, 2021 President Tayyip Erdogan has wheeled a trolley around one of the new grocery stores he … Continue ReadingErdogan battles to curb ‘exorbitant prices’
Categories Atilla Yeşilada Business Economy HIGHLIGHTS The rate cut conundrum: What will Erdogan do? Atilla YeşiladaPosted on20 October, 2021 I have read three surveys by Turkish press outlets, all of which find that the … Continue ReadingThe rate cut conundrum: What will Erdogan do?
Categories Economy HIGHLIGHTS Turkish State Energy Giants Set for Rejig Ahead of Possible Sale Güldem AtabayPosted on20 October, 2021 Turkey is preparing to reorganize some of its largest state companies ahead of possible stake … Continue ReadingTurkish State Energy Giants Set for Rejig Ahead of Possible Sale
Categories Economy Turkish Equities Quarterly Strategy Report: Adjusting to the Post Pandemic Environment Cem CetingucPosted on20 October, 2021 The World: The ongoing energy crunch causing various knock-on effects is triggering fears of stagflation. … Continue ReadingTurkish Equities Quarterly Strategy Report: Adjusting to the Post Pandemic Environment
Categories Economy Is there no respite in sight for the Turkish lira? Cem CetingucPosted on20 October, 2021 When I rented my first Istanbul apartment, in mid-2013, the Turkish economy was humming and … Continue ReadingIs there no respite in sight for the Turkish lira?
Categories Economy Emerging Markets Finance General HIGHLIGHTS Emerging-Market Currencies Hurt by Growth Woes After Rate Hikes Güldem AtabayPosted on18 October, 2021 Central banks’ longstanding strategy of hiking interest rates to defend currencies is failing to work … Continue ReadingEmerging-Market Currencies Hurt by Growth Woes After Rate Hikes
Categories Company & Industry Economy Global economy struggling with a growing energy crisis Cem CetingucPosted on16 October, 2021 Global economy struggling with a growing energy crisis. The mounting energy prices has become the hottest … Continue ReadingGlobal economy struggling with a growing energy crisis
Categories Company & Industry Economy EM Europe Food Retail Research Cem CetingucPosted on15 October, 2021 Russia – Consolidation, inflation and new growth channels: Inflation remains a key concern in Russia, … Continue ReadingEM Europe Food Retail Research
Categories Economy General HIGHLIGHTS Politics Erdogan Rids Turkey Interest-Rate Panel of Opponents to Cuts Güldem AtabayPosted on13 October, 202114 October, 2021 Turkish President Recep Tayyip Erdogan fired three members of the central bank’s interest-rate setting committee … Continue ReadingErdogan Rids Turkey Interest-Rate Panel of Opponents to Cuts
Categories Economy HIGHLIGHTS Politics Turkey says it will do ‘what is necessary’ after Syria attacks Güldem AtabayPosted on13 October, 2021 Foreign Minister Mevlüt Çavuşoğlu said on Oct. 13 Turkey would “do what is necessary for … Continue ReadingTurkey says it will do ‘what is necessary’ after Syria attacks
Categories Economy HIGHLIGHTS Construction cost rising in double digits as house sales are sluggish Güldem AtabayPosted on13 October, 2021 Higher inflation and weaker TL are taking their toll on Turkey’s construction sector. In Turkey, … Continue ReadingConstruction cost rising in double digits as house sales are sluggish
Categories Economy HIGHLIGHTS Reuters: TR braced for cold winter Cem CetingucPosted on13 October, 2021 Turkey’s record demand for natural gas this year is forcing it to step up purchases … Continue ReadingReuters: TR braced for cold winter
Categories Company & Industry Economy Turkish retail sales volume increased by 15.0% Cem CetingucPosted on12 October, 2021 Retail sales volume with constant prices (2015=100) increased by 15.0% in August 2021 compared with … Continue ReadingTurkish retail sales volume increased by 15.0%
Categories Company & Industry Economy Total turnover increased by 48.1% on annual basis in Turkey Cem CetingucPosted on12 October, 2021 Total turnover index (2015=100) including industry, construction, trade, and services sectors increased by 48.1% on … Continue ReadingTotal turnover increased by 48.1% on annual basis in Turkey
Categories Company & Industry Economy Turkish industrial production increased by 13.8% annually Cem CetingucPosted on12 October, 2021 When the subsectors of the industry (based on 2015=100) were examined, mining and quarrying index … Continue ReadingTurkish industrial production increased by 13.8% annually
Categories Economy HIGHLIGHTS Politics Erdoğan seeking Biden meeting at G20 for $6 billion arms deal request Güldem AtabayPosted on11 October, 2021 Turkish President Recep Tayyip Erdoğan wants is looking to use the upcoming G20 summit to … Continue ReadingErdoğan seeking Biden meeting at G20 for $6 billion arms deal request
Categories Economy HIGHLIGHTS Politics Turkey tops global human smuggling, arms trafficking rankings Güldem AtabayPosted on11 October, 2021 Turkey ranked 12th in the Global Organized Crime Index 2021, which was published on September 28 … Continue ReadingTurkey tops global human smuggling, arms trafficking rankings
Categories Economy HIGHLIGHTS Politics Erdoğan signals new operation against YPG in Syria Güldem AtabayPosted on11 October, 2021 Turkish President Recep Tayyip Erdoğan on Oct. 11 signaled a new operation against the People’s … Continue ReadingErdoğan signals new operation against YPG in Syria