Categories Economy HIGHLIGHTS Turkey’s Central Bank Governor Hafize Gaye Erkan resigns Güldem AtabayPosted on2 February, 2024 Hafize Gaye Erkan resigned, Treasury and Finance Minister Mehmet Şimşek said, “I wish success to … Continue ReadingTurkey’s Central Bank Governor Hafize Gaye Erkan resigns
Categories Economy Finance HIGHLIGHTS Markets Fed keeps interest rates untouched Cem CetingucPosted on1 February, 2024 The U.S. Federal Reserve (Fed) announced Wednesday that it has decided to keep the interest … Continue ReadingFed keeps interest rates untouched
Categories Economy General HIGHLIGHTS IMF raises Turkey’s economic growth estimation Cem CetingucPosted on30 January, 202430 January, 2024 The International Monetary Fund (IMF) on Tuesday cited unexpected “resilience” in major advanced and emerging … Continue ReadingIMF raises Turkey’s economic growth estimation
Categories Economy General HIGHLIGHTS Turkey’s consumer confidence index reaches 7-month high Cem CetingucPosted on26 January, 202426 January, 2024 Türkiye’s consumer confidence index in January reached its highest level of the past seven months, … Continue ReadingTurkey’s consumer confidence index reaches 7-month high
Categories Business Economy HIGHLIGHTS Turkey’s business confidence ticks up in January, other data paints mixed picture of economic activity Atilla YeşiladaPosted on26 January, 202426 January, 2024 The Turkish Business Confidence numbers for January 2024 were released on Thursday morning, clocking in … Continue ReadingTurkey’s business confidence ticks up in January, other data paints mixed picture of economic activity
Categories Economy HIGHLIGHTS Erdogan decries ‘rumors’ after news article about cenbank chief Güldem AtabayPosted on25 January, 2024 Turkish President Tayyip Erdogan decried on Wednesday efforts to spread “rumors” meant to undermine economic … Continue ReadingErdogan decries ‘rumors’ after news article about cenbank chief
Categories Economy Finance HIGHLIGHTS Markets Broad investor community reengaging with Türkiye: JP Morgan Güldem AtabayPosted on25 January, 2024 A broad base of the investor community is reengaging with Türkiye amid the change in … Continue ReadingBroad investor community reengaging with Türkiye: JP Morgan
Categories Economy General HIGHLIGHTS Türkiye finalizes initial phase of state-run companies reform Cem CetingucPosted on25 January, 202425 January, 2024 Türkiye on Tuesday announced it had completed the initial phase of reforms sought to enhance … Continue ReadingTürkiye finalizes initial phase of state-run companies reform
Categories Economy Finance General HIGHLIGHTS EBRD invested a whopping €2.5 billion in Türkiye last year Cem CetingucPosted on25 January, 2024 The European Bank for Reconstruction and Development (EBRD) invested a record €2.48 billion in Türkiye in 2023, … Continue ReadingEBRD invested a whopping €2.5 billion in Türkiye last year
Categories Economy HIGHLIGHTS Politics President Biden sent a letter to members of Congress urging them to approve the sale of F-16 fighter jets to Turkey Güldem AtabayPosted on24 January, 202424 January, 2024 The Biden administration has sent a letter to members of Congress, urging approval for a … Continue ReadingPresident Biden sent a letter to members of Congress urging them to approve the sale of F-16 fighter jets to Turkey
Categories Economy HIGHLIGHTS Markets Annual rate of increase in Turkish house prices declines Cem CetingucPosted on23 January, 202423 January, 2024 According to Sahibindex’s research, the annual rate of increase in real rental prices in January … Continue ReadingAnnual rate of increase in Turkish house prices declines
Categories Economy HIGHLIGHTS Consumer confidence is at a 7-month high: Salary hikes boost morale Güldem AtabayPosted on23 January, 2024 According to the consumer confidence index data for January announced by the Turkish Statistical Institute … Continue ReadingConsumer confidence is at a 7-month high: Salary hikes boost morale
Categories Economy HIGHLIGHTS HSBC Turkey outlook: Where are we now? Where are we going? Atilla YeşiladaPosted on23 January, 2024 Summary Türkiye’s macro policies have become more conventional, opening up the way for gradual adjustment … Continue ReadingHSBC Turkey outlook: Where are we now? Where are we going?
Categories Economy HIGHLIGHTS Disinformation Center denies claim that Erdoğan will meet with Central Bank Governor Erkan Güldem AtabayPosted on22 January, 2024 The claim that President Recep Tayyip Erdoğan will meet with Central Bank Governor Hafize Gaye … Continue ReadingDisinformation Center denies claim that Erdoğan will meet with Central Bank Governor Erkan
Categories Economy HIGHLIGHTS Politics UPDATE: Turkish Parliament Set to Vote on Sweden’s NATO Bid This Week Güldem AtabayPosted on22 January, 202423 January, 2024 As reported by Bloomberg, the Turkish parliament is poised to vote on Sweden’s potential entry … Continue ReadingUPDATE: Turkish Parliament Set to Vote on Sweden’s NATO Bid This Week
Categories Economy HIGHLIGHTS Politics Erdoğan will meet with Hafize Gaye Erkan on Tuesday: Three options discussed Güldem AtabayPosted on22 January, 2024 President Recep Tayyip Erdoğan will hold a meeting with Central Bank Governor Hafize Gaye Erkan. … Continue ReadingErdoğan will meet with Hafize Gaye Erkan on Tuesday: Three options discussed
Categories Economy HIGHLIGHTS Agricultural input inflation has been rising for 50 months in a row keeping food price inflation elevated Editor P.A.Posted on22 January, 2024 Agriculture-PPI increased by 1.44 percent on a monthly basis and 38.82 percent on an annual … Continue ReadingAgricultural input inflation has been rising for 50 months in a row keeping food price inflation elevated
Categories Economy HIGHLIGHTS Politics Turkey’s central bank run by the Governor’s father? Güldem AtabayPosted on18 January, 202419 January, 2024 Central Bank employee Büşra Bozkurt filed a complaint to CİMER stating that she was fired … Continue ReadingTurkey’s central bank run by the Governor’s father?
Categories Economy HIGHLIGHTS Turkey is actively pursuing investment from the Gulf region for its infrastructure megaprojects Editor P.A.Posted on17 January, 2024 Turkey is actively seeking foreign partners for its infrastructure megaprojects, which President Recep Tayyip Erdogan … Continue ReadingTurkey is actively pursuing investment from the Gulf region for its infrastructure megaprojects
Categories Economy HIGHLIGHTS The annual cost of personal loans in Turkey has reached up to 200 percent Güldem AtabayPosted on17 January, 2024 The monthly general purpose loan interest rate in the banking sector varies between 3.37-7.32 percent, … Continue ReadingThe annual cost of personal loans in Turkey has reached up to 200 percent