Categories Business Finance HIGHLIGHTS Two state banks raise $1.1 bn from “undisclosed“ sources Atilla YeşiladaPosted on17 August, 202317 August, 2023 Ziraat Bank announced that it has obtained long-term foreign financing of 600 million dollars from … Continue ReadingTwo state banks raise $1.1 bn from “undisclosed“ sources
Categories Business HIGHLIGHTS Turkey in the throes of a devastating drought, once again Atilla YeşiladaPosted on16 August, 2023 The General Directorate of Meteorology has warned against a “severe drought” that enveloped much of … Continue ReadingTurkey in the throes of a devastating drought, once again
Categories Business Finance HIGHLIGHTS Markets Moody’s upgrades Turkish banks, banks try to rally Atilla YeşiladaPosted on15 August, 2023 Moody’s Investor Services has upgraded its outlook for Turkey’s banking sector from negative to stable, … Continue ReadingMoody’s upgrades Turkish banks, banks try to rally
Categories Business HIGHLIGHTS Mehmet Şimşek to road-show in USA Atilla YeşiladaPosted on15 August, 2023 It was reported that the Minister of Treasury and Finance Mehmet Şimşek will go to … Continue ReadingMehmet Şimşek to road-show in USA
Categories Economy HIGHLIGHTS Hande Firat: Economy as a cup half full and half empty Atilla YeşiladaPosted on15 August, 2023 Editor’s Note: Hande Firat is very close to Erdogan and is one of the few … Continue ReadingHande Firat: Economy as a cup half full and half empty
Categories Economy HIGHLIGHTS Murat Kubilay: The successes and failures of Turkey’s new economic team Güldem AtabayPosted on15 August, 2023 It has been two months since Turkey’s new economic team took over and some progress has been … Continue ReadingMurat Kubilay: The successes and failures of Turkey’s new economic team
Categories Economy Finance HIGHLIGHTS Investment bank projects rising Central Bank reserves Atilla YeşiladaPosted on14 August, 202314 August, 2023 Barclays, one of the leading investment banks in England, projected in its emerging markets research … Continue ReadingInvestment bank projects rising Central Bank reserves
Categories Economy HIGHLIGHTS Current account deficits projected to decline in autumn Atilla YeşiladaPosted on14 August, 2023 Improvement in C/A balance in June… In June, there was a C/A surplus of USD674 … Continue ReadingCurrent account deficits projected to decline in autumn
Categories General HIGHLIGHTS Politics Defense News: Russia sent a message to Turkey when it bombed Motor Sich, say experts Atilla YeşiladaPosted on14 August, 2023 Russia was sending a clear message to Turkey when it bombed Ukrainian business Motor Sich, … Continue ReadingDefense News: Russia sent a message to Turkey when it bombed Motor Sich, say experts
Categories Business HIGHLIGHTS Xinhua: Soaring prices Achilles’ heel of Turkish tourism Atilla YeşiladaPosted on13 August, 2023 Türkiye is poised for a good tourism season, but meeting the targets for 2023 will … Continue ReadingXinhua: Soaring prices Achilles’ heel of Turkish tourism
Categories Business HIGHLIGHTS Normalization in full swing as Türkiye’s Saudi exports leap by 630% Atilla YeşiladaPosted on13 August, 2023 Türkiye’s goods shipments to Saudi Arabia jumped by more than a whopping 600% from January … Continue ReadingNormalization in full swing as Türkiye’s Saudi exports leap by 630%
Categories Business General HIGHLIGHTS Mehmet Simsek interview with Islamist Yeni Safak daily Atilla YeşiladaPosted on11 August, 2023 Mehmet Şimşek, Minister of Treasury and Finance, said that the winds blowing against Turkey will … Continue ReadingMehmet Simsek interview with Islamist Yeni Safak daily
Categories Atilla Yeşilada Economy HIGHLIGHTS Turkey’s external deficit threatens TL meltdown Atilla YeşiladaPosted on10 August, 2023 Turkey’s external deficit threatens TL meltdown • Thanks to the new economy team of Cevdet … Continue ReadingTurkey’s external deficit threatens TL meltdown
Categories Economy HIGHLIGHTS Moody’s May Upgrade Turkey If Market-Friendly Policies Continue Güldem AtabayPosted on10 August, 2023 Moody’s Investors Service said Turkey’s credit rating could be upgraded if orthodox policies introduced since … Continue ReadingMoody’s May Upgrade Turkey If Market-Friendly Policies Continue
Categories General HIGHLIGHTS Erdogan’s success story is a nightmare for the growing numbers of poor Atilla YeşiladaPosted on9 August, 2023 Nearly one-third of Turkey’s population is currently at risk of poverty or social exclusion, according … Continue ReadingErdogan’s success story is a nightmare for the growing numbers of poor
Categories Business General HIGHLIGHTS UK sanctions numerous entities in Turkey, UAE, Iran for violating sanctions on Russia Atilla YeşiladaPosted on9 August, 2023 Britain sanctioned more than two dozen targets Tuesday including firms and individuals in Turkey, the … Continue ReadingUK sanctions numerous entities in Turkey, UAE, Iran for violating sanctions on Russia
Categories Economy HIGHLIGHTS Insider: Minister Şimşek said, “Inflation doesn’t decrease through easy ways, it requires 2.5-3 years” Güldem AtabayPosted on9 August, 20239 August, 2023 At the “Economy and Consultation Meeting” attended by business representatives and seven ministers close to … Continue ReadingInsider: Minister Şimşek said, “Inflation doesn’t decrease through easy ways, it requires 2.5-3 years”
Categories HIGHLIGHTS Politics AKP to conduct a negative campaign and list endless promises in the 2024 local elections.” Güldem AtabayPosted on8 August, 2023 Gazete Pencere columnist Nuray Babacan stated that the ruling party is preparing to conduct a … Continue ReadingAKP to conduct a negative campaign and list endless promises in the 2024 local elections.”
Categories Economy HIGHLIGHTS Turkey’s manufacturing exports at stagnation point Güldem AtabayPosted on8 August, 2023 The July data indicated that demand conditions for Turkish manufacturing industry exporters were approaching stagnation. … Continue ReadingTurkey’s manufacturing exports at stagnation point
Categories Business HIGHLIGHTS EU’s carbon tax to impact countries, including Türkiye: Experts Atilla YeşiladaPosted on6 August, 2023 The European Union’s major trading partners, including Türkiye, will be impacted by the bloc’s carbon … Continue ReadingEU’s carbon tax to impact countries, including Türkiye: Experts