Categories Economy HIGHLIGHTS Politics Turkish drone shot down by US forces in northern Syria as Turkish airstrikes hit strategic assets in Northeastern Syria Güldem AtabayPosted on5 October, 2023 Turkey’s National Intelligence Agency carried out strikes in Syria against Kurdish militant targets after a … Continue ReadingTurkish drone shot down by US forces in northern Syria as Turkish airstrikes hit strategic assets in Northeastern Syria
Categories HIGHLIGHTS Politics Turkey’s Fidan declares all PKK, YPG facilities in Syria, Iraq ‘legitimate targets’ Güldem AtabayPosted on4 October, 2023 Turkey’s Foreign Minister Hakan Fidan said on Wednesday that Kurdish militants’ facilities and infrastructure in … Continue ReadingTurkey’s Fidan declares all PKK, YPG facilities in Syria, Iraq ‘legitimate targets’
Categories Company & Industry Emerging Markets HIGHLIGHTS Erdoğan’s stock grows as Turkey’s index doubles Güldem AtabayPosted on3 October, 2023 Turkey’s main stock index has nearly doubled since veteran leader Recep Tayyip Erdoğan’s surprise re-election … Continue ReadingErdoğan’s stock grows as Turkey’s index doubles
Categories Economy HIGHLIGHTS Turkish CPI inflation surges beyond 60% and more is to come Güldem AtabayPosted on3 October, 20233 October, 2023 Turkish inflation hit a record 61.53% in September according to data from the Turkish Statistical … Continue ReadingTurkish CPI inflation surges beyond 60% and more is to come
Categories Economy HIGHLIGHTS Turkey PMI rises to 49.6 in September: Demand held up rather well Güldem AtabayPosted on2 October, 2023 Business conditions in the Turkish manufacturing sector moved closer to stabilisation at the end of … Continue ReadingTurkey PMI rises to 49.6 in September: Demand held up rather well
Categories Economy HIGHLIGHTS BOTAŞ hikes natural gas prices for industrial use, electricity production Güldem AtabayPosted on2 October, 2023 Prices for household consumption have remained steady. The Petroleum Pipeline Corporation (BOTAŞ) has unveiled the … Continue ReadingBOTAŞ hikes natural gas prices for industrial use, electricity production
Categories HIGHLIGHTS Politics Imprisoned filmmaker: Turkey is a big joke, but how much can we laugh about it? Güldem AtabayPosted on2 October, 2023 After her 18-year sentence was reaffirmed, imprisoned Turkish filmmaker Cigdem Mater voiced her frustration with … Continue ReadingImprisoned filmmaker: Turkey is a big joke, but how much can we laugh about it?
Categories Economy HIGHLIGHTS The Istanbul Chamber of Commerce has announced that prices in the megacity increased by 5.46 percent in September compared to the previous month while the annual inflation was 73.18 percent. Güldem AtabayPosted on2 October, 2023 The Istanbul Chamber of Commerce (ITO) has published the retail and wholesale price indices for September for … Continue ReadingThe Istanbul Chamber of Commerce has announced that prices in the megacity increased by 5.46 percent in September compared to the previous month while the annual inflation was 73.18 percent.
Categories Economy HIGHLIGHTS Turkish Central Bank’s covert forex sales total $226 billion Güldem AtabayPosted on2 October, 2023 Turkish Central Bank’s undisclosed “backdoor” forex sales continued in July and August, totaling $30 billion, … Continue ReadingTurkish Central Bank’s covert forex sales total $226 billion
Categories Economy HIGHLIGHTS TEPAV: To achieve a decrease in inflation, the policy interest rate should be raised to 45% next year Güldem AtabayPosted on27 September, 202327 September, 2023 TEPAV (Economic Policy Research Foundation of Turkey) has evaluated that raising the policy interest rate … Continue ReadingTEPAV: To achieve a decrease in inflation, the policy interest rate should be raised to 45% next year
Categories Economy HIGHLIGHTS Turkey’s Finance Minister on FT: Measures aimed at inflation control, rebuilding foreign reserves and reducing the current account deficit Güldem AtabayPosted on27 September, 2023 Mehmet Simsek outlined efforts to reverse past economic policies and rebuild investor confidence through measures … Continue ReadingTurkey’s Finance Minister on FT: Measures aimed at inflation control, rebuilding foreign reserves and reducing the current account deficit
Categories Finance HIGHLIGHTS Markets Mehmet Karacuka: Stock market and the economıc crısıs Atilla YeşiladaPosted on24 September, 2023 “The decrease in income and interest rates does not affect every sector equally and symmetrically … Continue ReadingMehmet Karacuka: Stock market and the economıc crısıs
Categories HIGHLIGHTS Politics Prof Esfender Korkmaz: A new leadership in CHP could deliver local elections to opposition Atilla YeşiladaPosted on24 September, 2023 In democratic countries, political governments almost always lose power in economic crises. This experience lies … Continue ReadingProf Esfender Korkmaz: A new leadership in CHP could deliver local elections to opposition
Categories HIGHLIGHTS Politics ANALYSIS: Is the Greece – Turkey rapprochement for real this time? Atilla YeşiladaPosted on23 September, 2023 Turkish President Erdogan and Greek PM Mitsotakis had a love fest in New York City, … Continue ReadingANALYSIS: Is the Greece – Turkey rapprochement for real this time?
Categories Business HIGHLIGHTS A journalist’s impression from Mehmet Simsek investor get-together Atilla YeşiladaPosted on21 September, 2023 A veteran Turkish journalist, Mr Sedat Ergin (resume at the end of this article) attended … Continue ReadingA journalist’s impression from Mehmet Simsek investor get-together
Categories Business General HIGHLIGHTS Simsek’s investor meeting drew large crowds, but were there any buyers? Atilla YeşiladaPosted on21 September, 2023 Some 120 American investors attended the 13th edition of the Türkiye Investment Conference held in … Continue ReadingSimsek’s investor meeting drew large crowds, but were there any buyers?
Categories Atilla Yeşilada Finance HIGHLIGHTS ANALSIS: CBRT’s 500 basis point rate hike signals a brand new monetary regime Atilla YeşiladaPosted on21 September, 202321 September, 2023 This is a quick analysis by Atilla Yesilada about the importance of Central Bank’s (CBRT) … Continue ReadingANALSIS: CBRT’s 500 basis point rate hike signals a brand new monetary regime
Categories General HIGHLIGHTS Erdogan finally meets Netanyahu, but no details on NG pipeline Atilla YeşiladaPosted on20 September, 2023 Prime Minister Benjamin Netanyahu discussed the effort to normalize relations with Saudi Arabia during his … Continue ReadingErdogan finally meets Netanyahu, but no details on NG pipeline
Categories Atilla Yeşilada HIGHLIGHTS Politics Video COMMENTARY: Why is Turkey delaying Sweden’s NATO membership? Atilla YeşiladaPosted on20 September, 2023 Video COMMENTARY: Why is Turkey delaying Sweden’s NATO membership? President Erdogan will probably … Continue ReadingVideo COMMENTARY: Why is Turkey delaying Sweden’s NATO membership?
Categories Business Company & Industry HIGHLIGHTS Turkish contractors banned from Euro-tender for Russia connections Atilla YeşiladaPosted on20 September, 2023 Rail Baltica Project, one of the most important railway projects in Europe, was put out … Continue ReadingTurkish contractors banned from Euro-tender for Russia connections