Categories Economy HIGHLIGHTS HYPED Politics Turkey’s economical concerns ahead of presidential runoff Cem CetingucPosted on17 May, 2023 As the Turkish presidential elections head for a runoff between incumbent Recep Tayyip Erdogan and … Continue ReadingTurkey’s economical concerns ahead of presidential runoff
Categories Economy HIGHLIGHTS Politics The Guardian: Economic crisis in Turkey predicted to worsen following Erdoğan’s victory in the poll Cem CetingucPosted on17 May, 2023 Analysts expect Turkey’s economic crisis to worsen after President Tayyip Erdoğan came top in the first … Continue ReadingThe Guardian: Economic crisis in Turkey predicted to worsen following Erdoğan’s victory in the poll
Categories Finance General HIGHLIGHTS Turkey’s 2023 Growth Forecast Revised Up to 2.6% by UNCTAD Cem CetingucPosted on14 April, 2023 Central banks’ interest rates hikes will cost developing countries more than $800 billion in ‘foregone … Continue ReadingTurkey’s 2023 Growth Forecast Revised Up to 2.6% by UNCTAD
Categories Economy HIGHLIGHTS CBRT eases TL-saving rules even more Cem CetingucPosted on5 April, 2023 In a bid to promote and protect savings, the Turkish central bank has allowed banks … Continue ReadingCBRT eases TL-saving rules even more
Categories Economy General HIGHLIGHTS Turkey’s inflation falls to 55.2 percent in February Cem CetingucPosted on3 March, 2023 Türkiye’s inflation eased slightly more than expected in February, official data showed Friday, but prices … Continue ReadingTurkey’s inflation falls to 55.2 percent in February
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
