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 Economy General HIGHLIGHTS Turkish inflation seen at 42.5 precent in 2023 Cem CetingucPosted on18 January, 2023 Turkey’s inflation is expected to fall to 42.5% this year, much higher than an official … Continue ReadingTurkish inflation seen at 42.5 precent in 2023
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 Economy General HIGHLIGHTS Living conditions worsen due to inflation in Turkey despite pay hikes Cem CetingucPosted on13 January, 2023 The government announced a 55-per cent increase in the official minimum wage for 2023 to … Continue ReadingLiving conditions worsen due to inflation in Turkey despite pay hikes
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 Head of Turkish Exporters: FX rate is the real indicator for inflation Cem CetingucPosted on8 December, 20228 December, 2022 The exchange rate should be directly proportional to inflation levels, the head of the Turkish … Continue ReadingHead of Turkish Exporters: FX rate is the real indicator for inflation
Categories Economy General HIGHLIGHTS Turkish Statistical Institute: Inflation slows down in November Cem CetingucPosted on5 December, 2022 The annual consumer price inflation eased from 85.5 percent in October to 84.39 percent in … Continue ReadingTurkish Statistical Institute: Inflation slows down in November
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 Economy Finance HIGHLIGHTS HYPED Pressure on Erdogan rises: Turkish economy on a free fall Cem CetingucPosted on30 November, 2022 Turkey’s economy fared worse than forecast as it grew at the slowest pace since a … Continue ReadingPressure on Erdogan rises: Turkish economy on a free fall
Categories Economy Emerging Markets General HIGHLIGHTS Syrian economy plummets as internal conflict continues Cem CetingucPosted on29 November, 20223 December, 2022 In a month, the US dollar appreciated about 13 percent against the Syrian pound,” Benjamin … Continue ReadingSyrian economy plummets as internal conflict continues
Categories Business Economy HIGHLIGHTS Turkey’s trade deficit rose 422 percent in October on energy bill Cem CetingucPosted on29 November, 202229 November, 2022 Turkey’s foreign trade deficit jumped by a whopping 421.7% year-over-year in October, official data showed … Continue ReadingTurkey’s trade deficit rose 422 percent in October on energy bill
Categories Economy Emerging Markets HIGHLIGHTS Markets Japanese bank warns 7 EM’s face risk of currency crisis Cem CetingucPosted on26 November, 2022 Nomura has warned that seven countries – Egypt, Romania, Sri Lanka, Turkey, Czech Republic, Pakistan … Continue ReadingJapanese bank warns 7 EM’s face risk of currency crisis
Categories Economy General HIGHLIGHTS Unemployment rate in Turkey increases to 10.1 percent Cem CetingucPosted on11 November, 2022 Turkey’s unemployment rate rose 0.3 percentage points month-on-month to 10.1% in September, while a seasonally … Continue ReadingUnemployment rate in Turkey increases to 10.1 percent
Categories Economy Finance HIGHLIGHTS Markets Turkey and rest of Middle East suffer from US rate hike Cem CetingucPosted on11 November, 2022 The United States’ decision to increase interest rates is putting pressure on economies in the Middle East, … Continue ReadingTurkey and rest of Middle East suffer from US rate hike
Categories Economy General HIGHLIGHTS ENAG: Turkey’s inflation is almost 200 percent Cem CetingucPosted on6 November, 20226 November, 2022 Inflation has skyrocketed in Turkey as official figures from the Turkish Statistical Institute (Tüik) show … Continue ReadingENAG: Turkey’s inflation is almost 200 percent
Categories Company & Industry Economy Finance General HIGHLIGHTS Turan: Access to loan gets more difficult on a daily basis Cem CetingucPosted on30 October, 2022 Turkey’s leading TÜSİAD business association chair Orhan Turan has said that access to loan is … Continue ReadingTuran: Access to loan gets more difficult on a daily basis
Categories Economy General HIGHLIGHTS HYPED Turkstat: Economic confidence index advanced by 3 percent in October Cem CetingucPosted on30 October, 202230 October, 2022 The economic confidence index advanced by 3 percent in October from September to 97.1, the Turkish Statistical Institute … Continue ReadingTurkstat: Economic confidence index advanced by 3 percent in October
Categories Economy General HIGHLIGHTS September: Turkish trade deficit surges 268 percent Cem CetingucPosted on30 October, 2022 Turkey’s foreign trade deficit surged 268.1% year-on-year to $9.60 billion in September, with imports climbing … Continue ReadingSeptember: Turkish trade deficit surges 268 percent
Categories Company & Industry Finance General HIGHLIGHTS Turkish banks heavily concerned about new monetary rules Cem CetingucPosted on27 October, 202227 October, 2022 Turkish bank executives raised concerns with authorities this week that a year of new rules … Continue ReadingTurkish banks heavily concerned about new monetary rules
Categories Economy General HIGHLIGHTS HYPED Economic crisis hits Turkish youth hard Cem CetingucPosted on18 October, 202218 October, 2022 Inflation has risen at such a rapid rate in Turkey that people have a hard … Continue ReadingEconomic crisis hits Turkish youth hard
