Categories Economy Emerging Markets Turkish tourist hot spots are facing heavy losses Editor P.A.Posted on18 May, 202021 May, 2020 A few months ago Fatih Oztarakci was working flat out hosting wedding parties on his … Continue ReadingTurkish tourist hot spots are facing heavy losses
Categories Economy Emerging Markets Finance Markets Turkey: out in the cold Editor P.A.Posted on18 May, 202021 May, 2020 The broadest-ever effort to pump dollars into the global economy has bypassed some major emerging … Continue ReadingTurkey: out in the cold
Categories Economy BBVA Big Data Analysis: A sharp contraction started in March Editor P.A.Posted on16 May, 202021 May, 2020 BBVA Turkey, formerly Garanti Bank Research Team is one of the few institutions in Turkey … Continue ReadingBBVA Big Data Analysis: A sharp contraction started in March
Categories Economy Emerging Markets Politics Turkey April budget: Oh my, oh my! Editor P.A.Posted on15 May, 202021 May, 2020 The Turkish government posted one of its widest monthly budget deficits as of April 2020. … Continue ReadingTurkey April budget: Oh my, oh my!
Categories Economy Politics Turkey’s quest for a swap deal Editor P.A.Posted on15 May, 202021 May, 2020 As per a Reuters news today, Turkey’s government has appealed to foreign allies in an … Continue ReadingTurkey’s quest for a swap deal
Categories Economy Impact of pandemic over balance of payments Editor P.A.Posted on15 May, 202021 May, 2020 Monthly current account balance generates deficit… According to the balance of payments data published by … Continue ReadingImpact of pandemic over balance of payments
Categories Economy Money keeps fleeing Turkey Editor P.A.Posted on15 May, 202021 May, 2020 As per the most recent central bank data, foreign investors’ total stock of Turkish government … Continue ReadingMoney keeps fleeing Turkey
Categories Economy Emerging Markets Finance Markets Turkey’s March current account: Pressures on lira not likely to ease Editor P.A.Posted on13 May, 202021 May, 2020 Turkey posted USD4.9bn current account deficit in March 2020 that stands at the upper end … Continue ReadingTurkey’s March current account: Pressures on lira not likely to ease
Categories Economy Turkey leads the world in tobacco tax burden Editor P.A.Posted on13 May, 202021 May, 2020 According to the President’s decision published in the Official Gazette, the minimum fixed tax amount … Continue ReadingTurkey leads the world in tobacco tax burden
Categories Economy Finance Markets Turkish Wealth Fund to inject USD3 bn capital to state banks Editor P.A.Posted on11 May, 202021 May, 2020 Turkey’s sovereign wealth fund said on Monday that it launched works on increasing three state … Continue ReadingTurkish Wealth Fund to inject USD3 bn capital to state banks
Categories Economy Turkish unemployment flat in February, but set to rise Editor P.A.Posted on11 May, 202021 May, 2020 Turkey’s official stats agency Turkstat reported on Monday that “the number of unemployed persons aged … Continue ReadingTurkish unemployment flat in February, but set to rise
Categories Economy General February’s curious drop in unemployment to 13.6%; dynamics foretell the corona period Editor P.A.Posted on11 May, 202021 May, 2020 Turkey’s February (Jan-March 2020 average) unemployment rate showed 1.1 percentage points drop to 13.6% with … Continue ReadingFebruary’s curious drop in unemployment to 13.6%; dynamics foretell the corona period
Categories Company & Industry Economy Finance Markets Swap ban on three banks lifted; lira under focus still Editor P.A.Posted on11 May, 202021 May, 2020 Turkey reversed its recently placed ban on BNP Paribas SA, Citigroup Inc. and UBS Group … Continue ReadingSwap ban on three banks lifted; lira under focus still
Categories Economy Turkey’s Great Depression started in April Editor P.A.Posted on8 May, 202021 May, 2020 April survey data portrays an economic landscape that has become a wasteland. However, this is … Continue ReadingTurkey’s Great Depression started in April
Categories Economy Finance Banking sector watchdog’s swap ban, manipulation-redefinition… as lira slide continues Editor P.A.Posted on7 May, 202021 May, 2020 Turkey’s banking regulator set new definitions for currency manipulation in a statement released and got … Continue ReadingBanking sector watchdog’s swap ban, manipulation-redefinition… as lira slide continues
Categories Economy Finance Markets Pressure on Turkey’s Economy Builds as Lira Hits Record Low Editor P.A.Posted on7 May, 202021 May, 2020 The Turkish lira slid to its lowest level in two years on Thursday as investors … Continue ReadingPressure on Turkey’s Economy Builds as Lira Hits Record Low
Categories Economy Finance Brad Setser: Why Turkey is running out of FX? Editor P.A.Posted on6 May, 202021 May, 2020 (Cover chart: Central Bank net reserves) Turkey’s currency has suddenly toppled versus the dollar, falling … Continue ReadingBrad Setser: Why Turkey is running out of FX?
Categories Economy Politics Turkey’s economy is in trouble but the public oppose an IMF loan Editor P.A.Posted on5 May, 202021 May, 2020 The Turkish central bank’s international reserves are drying up and the lira has hit a … Continue ReadingTurkey’s economy is in trouble but the public oppose an IMF loan
Categories Economy JP Morgan: Turkey: annual inflation stays on its downward trend Editor P.A.Posted on5 May, 202021 May, 2020 Despite the sharp lira weakening and its impact on import prices and its likely impact … Continue ReadingJP Morgan: Turkey: annual inflation stays on its downward trend
Categories Economy March-April data reveals devastation in economic landscape Editor P.A.Posted on5 May, 202021 May, 2020 New data from the state-run Turkish Statistical Institute for April 2020, as well as private … Continue ReadingMarch-April data reveals devastation in economic landscape
