Categories Company & Industry Economy HIGHLIGHTS Turkey will increase gold production to reduce import dependency: Erdogan Cem CetingucPosted on1 February, 2023 Turkey plans to keep increasing its gold production so it can rely less on imports, … Continue ReadingTurkey will increase gold production to reduce import dependency: Erdogan
Categories Economy General HIGHLIGHTS Politics Hunger, poverty, Who cares? Finance minister defends Lira’s depreciation for ‘industrialization’ Cem CetingucPosted on26 January, 202327 January, 2023 Turkish Finance Minister Nureddin Nebati has defended the depreciation of lira, saying that the economy … Continue ReadingHunger, poverty, Who cares? Finance minister defends Lira’s depreciation for ‘industrialization’
Categories General HIGHLIGHTS Politics Alp Kayserilioglu: Good-bye Erdogan? Cem CetingucPosted on26 January, 2023 Since 2019, Turkish economic policy has been characterized by Erdoğan’s repeated U-turns. Initially, his regime … Continue ReadingAlp Kayserilioglu: Good-bye Erdogan?
Categories Economy General HIGHLIGHTS Politics Kılıçdaroğlu critizes government’s economic policy, promises ‘family insurance’ plan Cem CetingucPosted on17 January, 202317 January, 2023 Main opposition Republican People’s Party (CHP) leader Kemal Kılıçdaroğlu has criticized the government over its economic policies … Continue ReadingKılıçdaroğlu critizes government’s economic policy, promises ‘family insurance’ plan
Categories General HIGHLIGHTS CBRT’s medium-term inflation target stays the same Cem CetingucPosted on2 January, 2023 The Central Bank has said that under the inflation targeting regime, the medium-term inflation target of 5 … Continue ReadingCBRT’s medium-term inflation target stays the same
Categories Economy HIGHLIGHTS Politics Erdogan vows to tackle Turkey’s high inflation Cem CetingucPosted on21 December, 2022 President Recep Tayyip Erdoğan on Dec. 21 vowed to sharply decline the inflation in Turkey … Continue ReadingErdogan vows to tackle Turkey’s high inflation
Categories Economy General HIGHLIGHTS Politics Erdogan loses ground pre-election as Turkish inflation skyrockets Cem CetingucPosted on8 December, 2022 As Turkey’s annual inflation rate has soared above 80%, families are being forced to stick … Continue ReadingErdogan loses ground pre-election as Turkish inflation skyrockets
Categories Economy General HIGHLIGHTS Politics What is the fate of Turkish economy? Cem CetingucPosted on4 December, 2022 Turkey has major economic challenges to weather. The Turkish Central Bank continues to cut interest … Continue ReadingWhat is the fate of Turkish economy?
Categories Business General HIGHLIGHTS CBRT warns lenders against conducting forex transactions during “off hours” Cem CetingucPosted on4 November, 2022 Turkey’s central bank sent a letter to local lenders on Monday, warning them against conducting … Continue ReadingCBRT warns lenders against conducting forex transactions during “off hours”
Categories Economy General HIGHLIGHTS CBRT lifts year-end inflation forecast to 65.2 percent Cem CetingucPosted on31 October, 2022 Turkey’s central bank has lifted its inflation forecast for the end of 2022 to 65.2% … Continue ReadingCBRT lifts year-end inflation forecast to 65.2 percent
Categories Economy General HIGHLIGHTS HYPED Lira’s faith after CBRT rate cut seems ‘unfortunate’ Cem CetingucPosted on21 October, 202221 October, 2022 The USD/TRY price has been in a consolidation phase in the past few months and is hovering … Continue ReadingLira’s faith after CBRT rate cut seems ‘unfortunate’
Categories Economy Finance General HIGHLIGHTS HYPED CBRT cuts interest rate again despite soaring inflation Cem CetingucPosted on20 October, 202220 October, 2022 Turkey’s central bank lowered its benchmark interest rate for the third time in a row … Continue ReadingCBRT cuts interest rate again despite soaring inflation
Categories Economy Finance General HIGHLIGHTS HYPED HSBC: CBRT sold 107 billion dollars in 9 months Cem CetingucPosted on10 October, 202210 October, 2022 According to HSBC Portfolio’s calculations, it is estimated that the Central Bank’s reserves for exchange … Continue ReadingHSBC: CBRT sold 107 billion dollars in 9 months
Categories Economy General HIGHLIGHTS HYPED Turkey’s inflation breaks 24-year record at 83 percent Cem CetingucPosted on3 October, 2022 Turkish annual inflation climbed to a new 24-year high of 83.45% in September, below forecast … Continue ReadingTurkey’s inflation breaks 24-year record at 83 percent
Categories Economy Finance General HIGHLIGHTS HYPED Turkey prevented economic collapse through own measures: Erdoğan Cem CetingucPosted on2 October, 2022 President Recep Tayyip Erdoğan on Friday said Türkiye had foiled what he said were traps … Continue ReadingTurkey prevented economic collapse through own measures: Erdoğan
Categories Economy Finance HIGHLIGHTS Faith of the Turkish Lira: Can it bounce back? Cem CetingucPosted on26 September, 2022 The USD/TRY exchange rate continued its bullish trend after the divergent paths taken by the Federal … Continue ReadingFaith of the Turkish Lira: Can it bounce back?
Categories Economy General HIGHLIGHTS Politics Erdoğan claims inflation is not an ‘insurmountable economic threat’ Cem CetingucPosted on26 September, 202226 September, 2022 Inflation is not an “insurmountable economic threat,” President Recep Tayyip Erdoğan said Monday, adding it … Continue ReadingErdoğan claims inflation is not an ‘insurmountable economic threat’
Categories General HIGHLIGHTS HYPED Politics Kavcıoğlu: We aim for ‘long-term solutions’ Cem CetingucPosted on15 September, 2022 The Turkish Central Bank is using a determined strategy to ensure a consistently rising interest in the Turkish … Continue ReadingKavcıoğlu: We aim for ‘long-term solutions’
Categories Business Finance General HIGHLIGHTS Politics Turkish banks left paralysed due to new regulations Cem CetingucPosted on13 September, 2022 Some Turkish banks are curtailing corporate lending after the government’s latest raft of regulations raised … Continue ReadingTurkish banks left paralysed due to new regulations
Categories Economy General HIGHLIGHTS HYPED Politics AKP plans to decrease inflation to 50 percent before elections Cem CetingucPosted on9 September, 2022 The number one topic in the agenda of the Justice and Development Party (AKP) is … Continue ReadingAKP plans to decrease inflation to 50 percent before elections
