Categories Business HIGHLIGHTS Turkey drums up support for alternative to India-Middle East trade corridor Atilla YeşiladaPosted on18 September, 2023 Turkey has been in “intensive negotiations” to find its alternative to the India-Middle East trade … Continue ReadingTurkey drums up support for alternative to India-Middle East trade corridor
Categories Business General HIGHLIGHTS Erdogan asks Musk to open Tesla’s 7th factory in Turkey Atilla YeşiladaPosted on18 September, 202318 September, 2023 President Erdogan will spend the week in New York to attend to the inaugural ceremony … Continue ReadingErdogan asks Musk to open Tesla’s 7th factory in Turkey
Categories General HIGHLIGHTS Economist Mustafa Sonmez: Turkey’s central bank mulls giant interest rate hike up to 10% to fight inflation Atilla YeşiladaPosted on16 September, 202316 September, 2023 One of the leadfing economists and Tv personality Mustafa Sonmez reports an inside scoop from … Continue ReadingEconomist Mustafa Sonmez: Turkey’s central bank mulls giant interest rate hike up to 10% to fight inflation
Categories HIGHLIGHTS Politics Whip Ozgur Ozel to challenge Kilicdaroglu in CHP leadership race Atilla YeşiladaPosted on16 September, 2023 A pharmacist turned lawmaker became the first official challenger to the longstanding head of the … Continue ReadingWhip Ozgur Ozel to challenge Kilicdaroglu in CHP leadership race
Categories Finance HIGHLIGHTS Markets Standart Chartered: Substantial rate hikes to continue in Türkiye Atilla YeşiladaPosted on16 September, 2023 We now expect the central bank to hike the policy rate by 500bps at its … Continue ReadingStandart Chartered: Substantial rate hikes to continue in Türkiye
Categories Finance HIGHLIGHTS Markets Barclay’s predicts “modest CB” rate hike, higher dollar/TL Atilla YeşiladaPosted on16 September, 2023 The Central Bank Monetary Policy Committee (PPK) increased its key interest rate by 750 basis … Continue ReadingBarclay’s predicts “modest CB” rate hike, higher dollar/TL
Categories Business Company & Industry HIGHLIGHTS Olcay Aydilek: SAUDIS TAKING CLOSE LOOK AT TURKİSH INVESTMENTS Atilla YeşiladaPosted on16 September, 2023 UAE businesses started negotiations regarding renewable energy investments in Turkey. Delegations from the UAE frequently … Continue ReadingOlcay Aydilek: SAUDIS TAKING CLOSE LOOK AT TURKİSH INVESTMENTS
Categories Economy HIGHLIGHTS Turkey in talks with China for further nuclear construction Güldem AtabayPosted on15 September, 2023 Energy Minister Alparslan Bayraktar said Turkey is closing in on an agreement with China for construction of a … Continue ReadingTurkey in talks with China for further nuclear construction
Categories Economy HIGHLIGHTS Politics Turkish companies sanctioned by US for “supporting Moscow in its war against Ukraine” Güldem AtabayPosted on15 September, 202315 September, 2023 The sanctioned companies are Margiana Insaat Dis Ticaret, Demirci Bilisim Ticaret Sanayi, Denkar Ship Construction, ID Ship Agency and CTL Limited. … Read More >Turkish companies sanctioned by US for “supporting Moscow in its war against Ukraine”
Categories Economy HIGHLIGHTS Central Bank survey indicates rising year-end inflation and dollar rate expectations in Turkey Güldem AtabayPosted on15 September, 202315 September, 2023 A recent survey conducted by Turkish Central Bank projects a steep rise in year-end inflation … Continue ReadingCentral Bank survey indicates rising year-end inflation and dollar rate expectations in Turkey
Categories Business HIGHLIGHTS Politics Erdoğan angry at India-Middle East-Europe corridor — ‘no corridor without Turkey’ Atilla YeşiladaPosted on14 September, 2023 Turkish President Recep Tayyip Erdoğan has said there can be no trade corridor between the … Continue ReadingErdoğan angry at India-Middle East-Europe corridor — ‘no corridor without Turkey’
Categories Atilla Yeşilada General HIGHLIGHTS Video Commentary: The Dark Secret in TURKEY’s MTEP Atilla YeşiladaPosted on13 September, 202313 September, 2023 The Dark Secret in TURKEY’s MTEP (Medium Term Economic Program) The annually revised 3-year Medium … Continue ReadingVideo Commentary: The Dark Secret in TURKEY’s MTEP
Categories HIGHLIGHTS Politics Erdogan threatens to withhold Sweden’s NATO membership, again Atilla YeşiladaPosted on13 September, 2023 Turkey has shifted attention to US warplanes from Koran-burning in endless bargaining on Sweden’s NATO … Continue ReadingErdogan threatens to withhold Sweden’s NATO membership, again
Categories Finance HIGHLIGHTS Barclays raises policy rate forecast, warns about TL weakness Atilla YeşiladaPosted on12 September, 2023 British bank Barclays issued a new report where its analysts expect the CBRT policy rate … Continue ReadingBarclays raises policy rate forecast, warns about TL weakness
Categories Economy HIGHLIGHTS August cash budget heralds improving fiscal stance Atilla YeşiladaPosted on12 September, 2023 The high expenditures and lackadaisical tax revenues which marked the pre-election period gave way to … Continue ReadingAugust cash budget heralds improving fiscal stance
Categories Economy HIGHLIGHTS ANALYSIS: Turkey’s current account deficit widens in July Atilla YeşiladaPosted on12 September, 2023 After some relief in June with a surplus of $0.7 billion, Turkey’s current account dove … Continue ReadingANALYSIS: Turkey’s current account deficit widens in July
Categories General HIGHLIGHTS Turkey and Iraq: Two neighbors, too many problems Atilla YeşiladaPosted on12 September, 202312 September, 2023 Turkish President Recep Tayyip Erdogan is piling up the pressure on Iraq even as he … Continue ReadingTurkey and Iraq: Two neighbors, too many problems
Categories Economy HIGHLIGHTS Turkey to seek more revenue outside budget, including privatisation -Simsek Güldem AtabayPosted on12 September, 2023 Finance Minister Mehmet Simsek said on Monday that Turkey’s government would seek further revenues outside … Continue ReadingTurkey to seek more revenue outside budget, including privatisation -Simsek
Categories Business Economy HIGHLIGHTS July industrial production soft, further weakening expected Atilla YeşiladaPosted on11 September, 2023 “According to Industrial Production Index, seasonally and calendar adjusted production contracted by 0.4% monthly in … Continue ReadingJuly industrial production soft, further weakening expected
Categories Finance HIGHLIGHTS Fitch statement on Turkey’s sovereign rating Atilla YeşiladaPosted on9 September, 2023 Significant Policy Shift The revision of the Outlook to Stable reflects the return to a … Continue ReadingFitch statement on Turkey’s sovereign rating