Categories Economy General German Economic Institutes to cut 2021 GDP growth forecast Cem CetingucPosted on16 April, 2021 Germany’s economic institutes will cut their joint 2021 growth forecast for Europe’s largest economy to … Continue ReadingGerman Economic Institutes to cut 2021 GDP growth forecast
Categories General HIGHLIGHTS Turkey and Greece: Foreign Ministers use historic meeting to bash each other Atilla YeşiladaPosted on15 April, 2021 The foreign ministers of Greece and Turkey argued in front of cameras during a joint … Continue ReadingTurkey and Greece: Foreign Ministers use historic meeting to bash each other
Categories Economy Emerging Markets Finance General HIGHLIGHTS HYPED Politics The real story behind Turkey’s 128 bn dollar fx reserve loss I Kerim Rota Güldem AtabayPosted on15 April, 2021 Is it possible to return to the Roulette table? How did the “reserve leakage” arise? … Continue ReadingThe real story behind Turkey’s 128 bn dollar fx reserve loss I Kerim Rota
Categories Economy General HIGHLIGHTS Policy rate kept at 19 percent; so when is the next rate cut? Güldem AtabayPosted on15 April, 2021 Turkey’s central bank held rates steady at 19% as expected on Thursday and dropped a … Continue ReadingPolicy rate kept at 19 percent; so when is the next rate cut?
Categories Economy General TURKSTAT: Turkey’s Hogwarts Atilla YeşiladaPosted on15 April, 2021 Scientifically, one of the assumptions of the theories underlying economics is that the consumers are … Continue ReadingTURKSTAT: Turkey’s Hogwarts
Categories Economy General Politics Opposition asked Erdogan: Where is the 128 Billion dollars? Cem CetingucPosted on15 April, 202115 April, 2021 “Where is the $128 billion?” asked posters on billboards around Istanbul intended by Turkey’s main … Continue ReadingOpposition asked Erdogan: Where is the 128 Billion dollars?
Categories General New Covid-19 cases in Turkey exceeds 62,000 Cem CetingucPosted on15 April, 2021 Turkey reported nearly 63,000 more coronavirus cases on Wednesday, its highest single-day figure since the … Continue ReadingNew Covid-19 cases in Turkey exceeds 62,000
Categories General Tech Turkey’s first air-to-air missile “Bozdogan” is a success Cem CetingucPosted on14 April, 202114 April, 2021 Air-to-air in-sight missile Bozdogan, developed in Goktug project, hit target with first shot, says Erdogan … Continue ReadingTurkey’s first air-to-air missile “Bozdogan” is a success
Categories Economy General Macro Focus: Recovery trend continues despite momentum loss Cem CetingucPosted on14 April, 202114 April, 2021 In February, IP increased by 0.1% MoM and 8.8% on a YoY. According to the consensus, … Continue ReadingMacro Focus: Recovery trend continues despite momentum loss
Categories Economy Finance General HIGHLIGHTS Turkey’s Halkbank urges end of U.S. prosecution alleging Iran sanctions violations Güldem AtabayPosted on13 April, 2021 A lawyer for Halkbank told a U.S. appeals court on Monday that the state-owned Turkish … Continue ReadingTurkey’s Halkbank urges end of U.S. prosecution alleging Iran sanctions violations
Categories Economy General HIGHLIGHTS Citi cuts Turkey growth forecast to 3.4%, sees no case for rate cuts Güldem AtabayPosted on13 April, 2021 Citi cut its 2021 economic growth estimate for Turkey on Tuesday to 3.4% from 4%, … Continue ReadingCiti cuts Turkey growth forecast to 3.4%, sees no case for rate cuts
Categories General HIGHLIGHTS OPINION: Erdogan abandons Turkey to the ravages of Covid-19 Atilla YeşiladaPosted on13 April, 2021 With 59,187 news cases and 273 deaths today, Turkey is on her way to catch … Continue ReadingOPINION: Erdogan abandons Turkey to the ravages of Covid-19
Categories General Investors turn to Bitcoin after Turkey’s economic turmoil Cem CetingucPosted on13 April, 2021 The neighbourhood teahouse is a focus of daily life across Turkey, an Ottoman tradition that has … Continue ReadingInvestors turn to Bitcoin after Turkey’s economic turmoil
Categories Company & Industry General Company Update | PETKM TP revised up to TL7.50/share Cem CetingucPosted on13 April, 2021 Turning more positive on strong earnings momentum expected this year. We are updating our estimates for … Continue ReadingCompany Update | PETKM TP revised up to TL7.50/share
Categories Business General Will Canal Istanbul be ever constructed? Atilla YeşiladaPosted on13 April, 2021 Turkey’s Environmental Minister Murat Kurum recently confirmed that the country has approved development plans for … Continue ReadingWill Canal Istanbul be ever constructed?
Categories General HIGHLIGHTS Politics Turkish Medical Association: Hospitals full of Covid patients, new services not enough Güldem AtabayPosted on12 April, 2021 The new Covid-19 services set up at hospitals in the face of the third peak … Continue ReadingTurkish Medical Association: Hospitals full of Covid patients, new services not enough
Categories Business Economy General Tech Turkey’s gaming industry attracts investors, but not without concerns Güldem AtabayPosted on12 April, 2021 According to a 2020 annual report published by the Esports agency Gaming in Turkey (GIT), … Continue ReadingTurkey’s gaming industry attracts investors, but not without concerns
Categories General Russia restricts flights to Turkey amid COVID-19 surge, political tensions Güldem AtabayPosted on12 April, 202112 April, 2021 Russia will restrict flights to and from Turkey from April 15 to June 1 due … Continue ReadingRussia restricts flights to Turkey amid COVID-19 surge, political tensions
Categories Economy General Turkey’s construction cost index flat in February over January Güldem AtabayPosted on12 April, 2021 In February 2021, construction cost index (CCI) decreased by 0.03% compared with previous month yet … Continue ReadingTurkey’s construction cost index flat in February over January
Categories Business General Politics Canal Istanbul: The greatest of all White Elephants Atilla YeşiladaPosted on12 April, 2021 What is Canal Istanbul: President Erdogan’s pet crazy project is a channel which will … Continue ReadingCanal Istanbul: The greatest of all White Elephants
