Categories Economy HIGHLIGHTS HYPED Turkey’s unemployment rate fell to 10.4 percent in 2022 Cem CetingucPosted on24 March, 2023 The unemployment rate was at 10.4% in Türkiye last year, down from 12% in 2021, … Continue ReadingTurkey’s unemployment rate fell to 10.4 percent in 2022
Categories Company & Industry General HIGHLIGHTS TOGG: Price of Turkey’s first electric car unveiled Cem CetingucPosted on15 March, 2023 Türkiye’s first indigenous electric car maker Togg has unveiled the prices of its first model, with online pre-orders to begin … Continue ReadingTOGG: Price of Turkey’s first electric car unveiled
Categories Company & Industry General HIGHLIGHTS Turkey to receive $40 billion investment for second nuclear plant Cem CetingucPosted on7 March, 2023 Turkey is set to receive a $40 billion (TL 752.64 billion) investment as the country … Continue ReadingTurkey to receive $40 billion investment for second nuclear plant
Categories Business General HIGHLIGHTS Politics Boom or bust: How will AKP’s shopping mall craze end? Cem CetingucPosted on18 January, 2023 One of the Justice and Development Party’s (AKP) most visible legacies since coming to power … Continue ReadingBoom or bust: How will AKP’s shopping mall craze end?
Categories Company & Industry Economy Emerging Markets General HIGHLIGHTS Turkey Health Tourism Sector aim to expand over 60 Countries Cem CetingucPosted on4 December, 2022 Data from the Health Ministry showed that 1.5 million foreign nationals visited Türkiye to receive … Continue ReadingTurkey Health Tourism Sector aim to expand over 60 Countries
Categories Company & Industry General HIGHLIGHTS American Express: Istanbul is among top 10 tourist destinations in 2023 Cem CetingucPosted on30 November, 202230 November, 2022 Istanbul is among the top 10 trending destinations in 2023 in the world, according to American … Continue ReadingAmerican Express: Istanbul is among top 10 tourist destinations in 2023
Categories General HIGHLIGHTS Turkish gas production will increase 10x with new field: Energy Minister Cem CetingucPosted on18 November, 202218 November, 2022 Türkiye’s daily gas production will increase by 10 times compared to 2021 to 10 million cubic meters … Continue ReadingTurkish gas production will increase 10x with new field: Energy Minister
Categories Economy HIGHLIGHTS HYPED Employement rise in Antalya as Turkish tourism season continues Cem CetingucPosted on7 November, 20227 November, 2022 A prolonged tourism season this year has given a boost to employment in the industry in the … Continue ReadingEmployement rise in Antalya as Turkish tourism season continues
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 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 Business Company & Industry General HIGHLIGHTS Turkey’s retail sector confidence witnessed biggest drop since April 2021 Cem CetingucPosted on25 July, 2022 Confidence among firms operating in Turkey’s retail industry dropped after inflation in the country extended … Continue ReadingTurkey’s retail sector confidence witnessed biggest drop since April 2021
Categories Company & Industry Finance General HIGHLIGHTS Banking industry: FX protected deposit scheme boosts NII Cem CetingucPosted on6 June, 20226 June, 2022 45% monthly ROE on lower provisions and OPEX Turkish banking sector’s April net income is … Continue ReadingBanking industry: FX protected deposit scheme boosts NII
Categories Company & Industry Economy General HIGHLIGHTS Markets Turkish publishers struggle to survive amid economic crisis Cem CetingucPosted on30 May, 2022 Turkish publishers are increasingly struggling to release new books and face agonising choices to survive amid … Continue ReadingTurkish publishers struggle to survive amid economic crisis
Categories Business Company & Industry General HIGHLIGHTS Tech Massive exodus from energy production Cem CetingucPosted on10 May, 202210 May, 2022 The ongoing economic crisis in Turkey hit energy companies hard. Investors began to withdraw from … Continue ReadingMassive exodus from energy production
Categories Business Finance General HIGHLIGHTS Loans for export and tourism sectors, President declares Cem CetingucPosted on17 April, 2022 President Recep Tayyip Erdoğan on Thursday announced that Turkey would provide cheaper loans for export … Continue ReadingLoans for export and tourism sectors, President declares
Categories Business Company & Industry General HIGHLIGHTS Turkey seeks more local options in energy sector: Minister Alparslan Cem CetingucPosted on12 April, 2022 Turkey should benefit more from local sources in meeting its energy needs, as well as … Continue ReadingTurkey seeks more local options in energy sector: Minister Alparslan
Categories Business Company & Industry HIGHLIGHTS Tech LFP gigafactory in Turkey to start production later this year Cem CetingucPosted on7 April, 2022 A new 1GWh lithium iron phosphate (LFP) battery factory in Turkey serving the energy storage … Continue ReadingLFP gigafactory in Turkey to start production later this year
Categories Economy General HIGHLIGHTS Prices expected to fall after value-added tax cuts Cem CetingucPosted on31 March, 202231 March, 2022 The effect of the recently announced tax cuts on prices is expected to be seen in the next … Continue ReadingPrices expected to fall after value-added tax cuts
Categories Business Company & Industry Economy HIGHLIGHTS Turkey’s trade in counterfeit goods booms as Lira depreciates Cem CetingucPosted on8 March, 2022 Photos of fake Gucci bags, Louis Vuitton sweatpants and Nike sneakers are flaunted on the … Continue ReadingTurkey’s trade in counterfeit goods booms as Lira depreciates
Categories Business Company & Industry HIGHLIGHTS Markets Business dropped 50 percent for Turkish brands in Russia Cem CetingucPosted on3 March, 2022 As a result of the Russia-Ukraine war, business in nearly a thousand brands operating in … Continue ReadingBusiness dropped 50 percent for Turkish brands in Russia
