Categories Economy HIGHLIGHTS December current account deficit augurs ill for the New Economy Plan Atilla YeşiladaPosted on12 February, 2022 Turkey’s current account recorded a deficit of US$3.8bn in December, which is up from the … Continue ReadingDecember current account deficit augurs ill for the New Economy Plan
Categories Finance HIGHLIGHTS Fitch attacks at midnight Atilla YeşiladaPosted on12 February, 2022 Fitch Ratings has downgraded Turkey’s Long-Term Foreign Currency Issuer Default Rating (IDR) to ‘B+’ from … Continue ReadingFitch attacks at midnight
Categories Emerging Markets Finance HIGHLIGHTS Fed Interest Rate Hikes Will Hurt Turkish Economy (And Other Emerging Markets) Badly Atilla YeşiladaPosted on11 February, 2022 American Central Bank Fed will start raising its interest rates by March. It will also … Continue ReadingFed Interest Rate Hikes Will Hurt Turkish Economy (And Other Emerging Markets) Badly
Categories Business Economy HIGHLIGHTS Minister reveals Turkey’s target set for 2022: $35 billion in tourism revenues Cem CetingucPosted on11 February, 202211 February, 2022 Initial indicators, such as early reservations, suggest that Turkey’s target set for 2022 of generating $35 … Continue ReadingMinister reveals Turkey’s target set for 2022: $35 billion in tourism revenues
Categories General HIGHLIGHTS Politics Turkey steps up Ukraine support as Germany remains distant Cem CetingucPosted on11 February, 2022 Turkey’s support of Ukraine in the face of a possible invasion by Russia, despite recent troubles with Europe, … Continue ReadingTurkey steps up Ukraine support as Germany remains distant
Categories Emerging Markets HIGHLIGHTS DESMOND LACHMAN: Winds of change set to hit emerging markets as US and China hit brakes Atilla YeşiladaPosted on11 February, 2022 On Thursday, global benchmark US 10-year government bond yield hit 2.03%, a 4 year high. … Continue ReadingDESMOND LACHMAN: Winds of change set to hit emerging markets as US and China hit brakes
Categories General HIGHLIGHTS HYPED 50 year climate impact: More than one-third of Turkish lakes dried Cem CetingucPosted on10 February, 2022 Around 10,000 square meters of wetland have dried in Turkish Lakes Region in five decades … Continue Reading50 year climate impact: More than one-third of Turkish lakes dried
Categories General HIGHLIGHTS Politics Survey shows negative attitudes among Turks towards Syrians on the rise Cem CetingucPosted on10 February, 2022 A new survey published by Turkey’s Social Democracy Foundation, known as SODEV, reveals negative feelings … Continue ReadingSurvey shows negative attitudes among Turks towards Syrians on the rise
Categories Business Company & Industry Finance HIGHLIGHTS HSBC: TOASO – BUY Promising outlook in both the short and long term Cem CetingucPosted on10 February, 2022 Entering “double-digit PBT” era. The key message from the FY21 results webcast (held on 4 … Continue ReadingHSBC: TOASO – BUY Promising outlook in both the short and long term
Categories General HIGHLIGHTS Politics Kazakhstan: Where Do Turkey and Turkic States Stand? Cem CetingucPosted on10 February, 2022 Kazakhstan experienced unprecedented developments in January 2022. Economy-driven protests, triggered by the rise of liquefied … Continue ReadingKazakhstan: Where Do Turkey and Turkic States Stand?
Categories Business Company & Industry HIGHLIGHTS Turkey: 72 hours for western media to obtain license Cem CetingucPosted on10 February, 2022 Turkish authorities for radio and telecommunications Rtuk has given 72 hours of time to Euronews, … Continue ReadingTurkey: 72 hours for western media to obtain license
Categories General HIGHLIGHTS Politics Turkish opposition leader urges civil disobedience to boycott high utility bills Atilla YeşiladaPosted on10 February, 2022 Mr Kemal Kilicdaroglu, Turkey’s main opposition leader CHP has urged the nation not to pay … Continue ReadingTurkish opposition leader urges civil disobedience to boycott high utility bills
Categories Economy Finance HIGHLIGHTS Turkey Readies First Global Bond Sale Since Lira Implosion Güldem AtabayPosted on8 February, 2022 Turkey is preparing to return to global bond markets for the first time since the … Continue ReadingTurkey Readies First Global Bond Sale Since Lira Implosion
Categories Economy HIGHLIGHTS Turkey courts investors at London meeting, promises stable Lira with a bizarre “inflation” explanation Güldem AtabayPosted on8 February, 20228 February, 2022 Turkey expects the lira to remain around its current level after suffering a 44% slump … Continue ReadingTurkey courts investors at London meeting, promises stable Lira with a bizarre “inflation” explanation
Categories Business HIGHLIGHTS Moody’s: U.S. rate hikes could hit highly dollarized emerging market banks Atilla YeşiladaPosted on8 February, 2022 Banks in Latin America and emerging Europe are most exposed to dollarization among developing economies, … Continue ReadingMoody’s: U.S. rate hikes could hit highly dollarized emerging market banks
Categories Columnists General HIGHLIGHTS SHOCKER: Turkey is modernizing rapidly (commentary) Atilla YeşiladaPosted on8 February, 2022 I have long wanted to write an article about the brave new Turkey which is … Continue ReadingSHOCKER: Turkey is modernizing rapidly (commentary)
Categories Economy HIGHLIGHTS Demonstrations in protest of massive electricity price hikes spread around Turkey Güldem AtabayPosted on7 February, 2022 Thousands of citizens throughout Turkey have been protesting against massive price hikes in electricity. Citizens … Continue ReadingDemonstrations in protest of massive electricity price hikes spread around Turkey
Categories Economy HIGHLIGHTS Politics Turkish parliament speaker claims Erdoğan can legally run for president again Güldem AtabayPosted on7 February, 2022 Turkish Parliament Speaker Mustafa Şentop has argued that it is legitimate for President Recep Tayyip … Continue ReadingTurkish parliament speaker claims Erdoğan can legally run for president again
Categories Business HIGHLIGHTS Turkey’s NG monopoly sucking up Central Bank reserves Atilla YeşiladaPosted on7 February, 2022 Turkey’s hard-strained industrial natural gas users breathed a sigh of relief today, as state-run NG … Continue ReadingTurkey’s NG monopoly sucking up Central Bank reserves
Categories Economy HIGHLIGHTS Politics Turkey Dollar Sales to State Energy Firm Hit Record in January Güldem AtabayPosted on7 February, 2022 The Turkish central bank’s foreign currency sales to state-run energy importer Botas hit a record, … Continue ReadingTurkey Dollar Sales to State Energy Firm Hit Record in January