Categories General HIGHLIGHTS Turkey needs honest-to-God reform for economic recovery—Reuters Atilla YeşiladaPosted on14 June, 2023 Turkey’s expected return to orthodox economic policies may not be enough to secure longer-lasting international … Continue ReadingTurkey needs honest-to-God reform for economic recovery—Reuters
Categories HIGHLIGHTS HYPED Politics Former Turkish Economy Czar Simsek ‘Uninterested in Politics’ Cem CetingucPosted on22 March, 2023 Turkey’s former deputy prime minister in charge of the economy, Mehmet Simsek, said on Monday … Continue ReadingFormer Turkish Economy Czar Simsek ‘Uninterested in Politics’
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 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 Company & Industry Finance General HIGHLIGHTS Markets Unistream to launch instant money transfers to Turkey, India Cem CetingucPosted on12 September, 2022 Russian bank Unistream, which specialises in money transfers, has seen a surge in remittances since … Continue ReadingUnistream to launch instant money transfers to Turkey, India
Categories Finance General HIGHLIGHTS HYPED Goldman Sachs revises Turkey GDP growth forecast Cem CetingucPosted on2 September, 20222 September, 2022 Goldman Sachs said on Thursday it had raised its forecast for Turkey’s 2022 GDP growth … Continue ReadingGoldman Sachs revises Turkey GDP growth forecast
Categories Business Company & Industry HIGHLIGHTS IHC acquires 50 percent stake in Kalyon Enerji Cem CetingucPosted on11 August, 2022 Abu Dhabi’s International Holding Co (IHC.AD) on Thursday said it had acquired a 50% stake in Turkey’s … Continue ReadingIHC acquires 50 percent stake in Kalyon Enerji
Categories General HIGHLIGHTS Politics Russia calls restraint from both sides in Nagorno-Karabakh Cem CetingucPosted on5 August, 2022 The Kremlin on Thursday called for restraint from both sides after Azerbaijan said its forces … Continue ReadingRussia calls restraint from both sides in Nagorno-Karabakh
Categories Business Company & Industry General HIGHLIGHTS Ziraat Bank secures $1.24 billion loan Cem CetingucPosted on12 April, 2022 Turkey’s Ziraat Bank said on Monday that it had secured a syndicated loan totaling $1.24 … Continue ReadingZiraat Bank secures $1.24 billion loan
Categories Economy Emerging Markets General HIGHLIGHTS Markets War triggers major economic crises throughout the globe Cem CetingucPosted on7 April, 20227 April, 2022 The fallout of the Russia and Ukraine war has just helped tip two of world’s … Continue ReadingWar triggers major economic crises throughout the globe
Categories Economy General HIGHLIGHTS Markets Turkey, Poland economy hurt most by war on Ukraine – S&P Cem CetingucPosted on31 March, 202231 March, 2022 The economies of Turkey and Poland will suffer most in major emerging markets from the … Continue ReadingTurkey, Poland economy hurt most by war on Ukraine – S&P
Categories Economy General HIGHLIGHTS S&P Global Ratings: Risks drastically increase as Turkey uses borrowed lira reserves Cem CetingucPosted on3 December, 2021 Turkey risks damaging confidence in the lira further by using “borrowed” reserves to defend its … Continue ReadingS&P Global Ratings: Risks drastically increase as Turkey uses borrowed lira reserves
Categories General Istanbul stray dogs and cats program sets great example for all Cem CetingucPosted on5 November, 20215 November, 2021 I recently came across an article on CNN about a dog in Istanbul named Boji. … Continue ReadingIstanbul stray dogs and cats program sets great example for all
Categories Economy HIGHLIGHTS Reuters: TR braced for cold winter Cem CetingucPosted on13 October, 2021 Turkey’s record demand for natural gas this year is forcing it to step up purchases … Continue ReadingReuters: TR braced for cold winter
Categories Economy Emerging Markets Reuters FX poll: Higher rates aim to protect EM currencies from Fed taper Cem CetingucPosted on9 October, 20219 October, 2021 The shift in global inflation expectations from transitory to sticky will spare emerging market currencies … Continue ReadingReuters FX poll: Higher rates aim to protect EM currencies from Fed taper
Categories Business General Politics Tunisia wants to nix Turkey free trade deal Cem CetingucPosted on23 August, 202124 August, 2021 Tunisia is seeking an urgent review of a trade agreement with Turkey in order to … Continue ReadingTunisia wants to nix Turkey free trade deal
Categories General JPMorgan reveals five emerging economies that are most vulnerable to Delta variant Cem CetingucPosted on9 July, 20219 July, 2021 NEW YORK: Economies of the Philippines, Peru, Colombia, South Africa and Thailand are among the … Continue ReadingJPMorgan reveals five emerging economies that are most vulnerable to Delta variant
Categories Business Company & Industry Trendyol received 330 million dollars capital injection from partner Alibaba Cem CetingucPosted on22 April, 202122 April, 2021 Turkish e-commerce platform Trendyol has received an additional $330 million investment from existing partner Alibaba in a … Continue ReadingTrendyol received 330 million dollars capital injection from partner Alibaba
