Categories Economy Güldem Atabay HIGHLIGHTS Guldem Atabay commentary: Base effect in inflation is over, tax hikes and depreciation signal a new leg up Atilla YeşiladaPosted on3 August, 2023 The highly anticipated July CPI inflation was reported at 9.49% according to TUIK; and 13.2% … Continue ReadingGuldem Atabay commentary: Base effect in inflation is over, tax hikes and depreciation signal a new leg up
Categories Economy HIGHLIGHTS Turkish cenbank governor, finmin to attend JP Morgan investor meeting on Friday Güldem AtabayPosted on3 August, 2023 Turkish Central Bank Governor Hafize Gaye Erkan and Finance Minister Mehmet Simsek will attend a … Continue ReadingTurkish cenbank governor, finmin to attend JP Morgan investor meeting on Friday
Categories Economy HIGHLIGHTS Turkey’s foreign trade deficit surpassed 73 billion dollars in 7 months! Güldem AtabayPosted on3 August, 2023 In July, Turkey’s foreign trade deficit increased by 15.7% to reach 12.4 billion dollars. As … Continue ReadingTurkey’s foreign trade deficit surpassed 73 billion dollars in 7 months!
Categories Economy HIGHLIGHTS Turkish inflation has risen to the highest level since January 2022 Güldem AtabayPosted on3 August, 2023 Following the release of the inflation data, market attention shifted to exchange rates and gold … Continue ReadingTurkish inflation has risen to the highest level since January 2022
Categories Business HIGHLIGHTS Turkey lobbying for new trade deals with UK and EU Atilla YeşiladaPosted on2 August, 2023 Türkiye and the UK are looking to start negotiations for the free trade agreement (FTA) … Continue ReadingTurkey lobbying for new trade deals with UK and EU
Categories General HIGHLIGHTS CNBC.com: Saudi Arabia and Turkey are emerging as the new peace brokers of the Russia-Ukraine war Atilla YeşiladaPosted on2 August, 2023 Turkish President Erdogan surprised not only his party and the opposition but nearly the entire … Continue ReadingCNBC.com: Saudi Arabia and Turkey are emerging as the new peace brokers of the Russia-Ukraine war
Categories Atilla Yeşilada Economy HIGHLIGHTS TURKEY/Real Turkey Channel: Can Gaye Erkan Stop Soaring Inflation? Atilla YeşiladaPosted on2 August, 2023 Turkey’s rookie Central Bank governor Gaye Erkan is getting good reviews in the international press. … Continue ReadingTURKEY/Real Turkey Channel: Can Gaye Erkan Stop Soaring Inflation?
Categories Economy HIGHLIGHTS Turkiye annual inflation to rebound to 47.3% after tax hikes, lira decline Güldem AtabayPosted on2 August, 2023 Turkiye’s monthly inflation is seen at 9.1 per cent in July due to various tax … Continue ReadingTurkiye annual inflation to rebound to 47.3% after tax hikes, lira decline
Categories Economy HIGHLIGHTS Inflation hurts: Headline PMI posts 49.9 in July Güldem AtabayPosted on1 August, 2023 Business conditions were broadly stable in the Turkish manufacturing sector during July as recent sequences … Continue ReadingInflation hurts: Headline PMI posts 49.9 in July
Categories General HIGHLIGHTS Turkish doctors continue to seek work abroad amid ongoing problems Güldem AtabayPosted on1 August, 2023 Data shows that 288 Turkish doctors applied for the certificate last month alone, bringing the … Continue ReadingTurkish doctors continue to seek work abroad amid ongoing problems
Categories Economy HIGHLIGHTS Inflation soars in Istanbul, hitting nearly 64% annually Güldem AtabayPosted on1 August, 2023 Prices for health, household goods, education, entertainment, transport, communication, housing, and food rose significantly compared … Continue ReadingInflation soars in Istanbul, hitting nearly 64% annually
Categories Economy HIGHLIGHTS TURKISH ECONOMY SHORTS: Debt, consumer confidence, Eurobond rally Atilla YeşiladaPosted on31 July, 202331 July, 2023 Stratfor– Turkey Wavers Under the Weight of its Debt Load Turkey’s economy has wavered … Continue ReadingTURKISH ECONOMY SHORTS: Debt, consumer confidence, Eurobond rally
Categories Economy General HIGHLIGHTS Wage hikes instantly eroded by inflation, as poverty set to increase Atilla YeşiladaPosted on31 July, 2023 Turkey’s poverty threshold for a family of four rose to 37,974 liras in July, data … Continue ReadingWage hikes instantly eroded by inflation, as poverty set to increase
Categories Business HIGHLIGHTS Politics Burhanettin Duran: Black Sea grain corridor and China’s interest in Türkiye Atilla YeşiladaPosted on30 July, 2023 Russia’s suspension of the Black Sea grain deal continues to capture the global media’s attention … Continue ReadingBurhanettin Duran: Black Sea grain corridor and China’s interest in Türkiye
Categories HIGHLIGHTS Markets Is Yatirim Yapı Kredi bank share analysis: Margins have been under fire, solid non-interest income weathered the storm Atilla YeşiladaPosted on30 July, 2023 Actual vs Estimates YKB posted TL 11.5bn solo net earnings in 2Q23, in line with … Continue ReadingIs Yatirim Yapı Kredi bank share analysis: Margins have been under fire, solid non-interest income weathered the storm
Categories Business Economy HIGHLIGHTS Economy czar Simsek: Rational policies bearing fruit Atilla YeşiladaPosted on30 July, 2023 “We are pleased to see an increase in investors’ interest in Turkish assets,” said Mehmet … Continue ReadingEconomy czar Simsek: Rational policies bearing fruit
Categories Economy HIGHLIGHTS ‘Good news’ from VP Cevdet Yılmaz: ‘No additional tax until the end of the year’ Atilla YeşiladaPosted on30 July, 2023 Vice President Cevdet Yılmaz, arguing that the main factor in tax increases is the earthquake, … Continue Reading‘Good news’ from VP Cevdet Yılmaz: ‘No additional tax until the end of the year’
Categories HIGHLIGHTS Politics Imamoğlu openly challenges Kılıçdaroğlu in fight for CHP leadership Atilla YeşiladaPosted on28 July, 2023 The power struggle in the Turkish opposition’s Republican People’s Party (CHP) officially took off this … Continue ReadingImamoğlu openly challenges Kılıçdaroğlu in fight for CHP leadership
Categories Business HIGHLIGHTS Simsek calls upon EU to launch new Custom Union talks Atilla YeşiladaPosted on28 July, 2023 Turkey’s Minister of Treasury and Finance Mehmet Şimşek stated that he believes that the Customs … Continue ReadingSimsek calls upon EU to launch new Custom Union talks
Categories Economy HIGHLIGHTS Gaye Erkan’s first Inflation Report : Correct diagnosis, but no real remedy for inflation Atilla YeşiladaPosted on28 July, 2023 Erkan, the first female governor of the bank, said inflation will rise “in the short … Continue ReadingGaye Erkan’s first Inflation Report : Correct diagnosis, but no real remedy for inflation