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Tag: Turkey economy news

Head of Turkish Exporters: FX rate is the real indicator for 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

Pressure on Erdogan rises: Turkish economy on a free fall
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

CBRT lifts year-end inflation forecast to 65.2 percent
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

Economic crisis hits Turkish youth hard
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

Turkey’s inflation breaks 24-year record at 83 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

Kavcıoğlu: We aim for ‘long-term solutions’
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’

Bloomberg: Mystery Money Flows into Turkey reach new highs
Categories Economy Finance General HIGHLIGHTS HYPED Politics

Bloomberg: Mystery Money Flows into Turkey reach new highs

Cem CetingucPosted on14 September, 202214 September, 2022

Mystery capital flows into Turkey have reached new highs, allowing policy makers to boost foreign … Continue ReadingBloomberg: Mystery Money Flows into Turkey reach new highs

A success story: Turkish gaming withstands economic crisis
Categories Company & Industry Economy Finance HIGHLIGHTS Markets Tech

A success story: Turkish gaming withstands economic crisis

Cem CetingucPosted on13 September, 202213 September, 2022

Over the last few years, Turkey has become one of the world’s fastest growers in … Continue ReadingA success story: Turkish gaming withstands economic crisis

Turkish parents struggle with school shopping due to inflation
Categories Economy General HIGHLIGHTS HYPED

Turkish parents struggle with school shopping due to inflation

Cem CetingucPosted on12 September, 2022

Many Turkish parents in Turkey, already on a shoestring budget due to the rising inflation, … Continue ReadingTurkish parents struggle with school shopping due to inflation

AKP plans to decrease inflation to 50 percent before elections
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

Turkey’s inflation breaks new record in August
Categories Economy General HIGHLIGHTS HYPED

Turkey’s inflation breaks new record in August

Cem CetingucPosted on5 September, 2022

Turkey’s annual inflation climbed to a fresh 24-year high of 80.21% in August, a bit … Continue ReadingTurkey’s inflation breaks new record in August

BNP Paribas | Turkish economy: A double edged sword
Categories Economy General HIGHLIGHTS HYPED

BNP Paribas | Turkish economy: A double edged sword

Cem CetingucPosted on23 July, 2022

“Turkey’s economic situation continues to offer a stark contrast, with resilient growth on one hand … Continue ReadingBNP Paribas | Turkish economy: A double edged sword

Turkey’s inflation reaches 73.5 percent in May
Categories Economy General HIGHLIGHTS

Turkey’s inflation reaches 73.5 percent in May

Cem CetingucPosted on3 June, 20223 June, 2022

Turkey’s annual inflation rate rose at a lower-than-expected pace in May but still jumped to … Continue ReadingTurkey’s inflation reaches 73.5 percent in May

Macro Snapshot: Manufacturing PMI remained stable at 49.2 in May
Categories Economy Finance General HIGHLIGHTS

Macro Snapshot: Manufacturing PMI remained stable at 49.2 in May

Cem CetingucPosted on2 June, 2022

Manufacturing PMI remained stable at 49.2 in May and continued to stay at the contractionary … Continue ReadingMacro Snapshot: Manufacturing PMI remained stable at 49.2 in May

Ahval News: 60 percent of Turkey unable to make ends meet, new survey finds
Categories Economy General HIGHLIGHTS

Ahval News: 60 percent of Turkey unable to make ends meet, new survey finds

Cem CetingucPosted on8 April, 2022

Fifty-nine percent of Turkey’s population is unable to make ends meet as their income was … Continue ReadingAhval News: 60 percent of Turkey unable to make ends meet, new survey finds

Erdoğan pledges to protect Turkey against high inflation
Categories Economy General HIGHLIGHTS Politics

Erdoğan pledges to protect Turkey against high inflation

Cem CetingucPosted on7 April, 2022

President Recep Tayyip Erdoğan on April 7 vowed to protect the nation against rising inflation, … Continue ReadingErdoğan pledges to protect Turkey against high inflation

S&P Global Ratings Cuts Turkey Local Currency Rating amid Russian war
Categories Company & Industry Economy Finance HIGHLIGHTS

S&P Global Ratings Cuts Turkey Local Currency Rating amid Russian war

Cem CetingucPosted on4 April, 2022

S&P Global Ratings cut Turkey’s local currency credit rating further into junk, while keeping a … Continue ReadingS&P Global Ratings Cuts Turkey Local Currency Rating amid Russian war

Turkey’s inflation at 61 percent in March
Categories Economy General HIGHLIGHTS HYPED

Turkey’s inflation at 61 percent in March

Cem CetingucPosted on4 April, 2022

Yearly inflation in Turkey hit 61.14% in March, the country’s statistical authority said on Monday, … Continue ReadingTurkey’s inflation at 61 percent in March

Turkey, Poland economy hurt most by war on Ukraine – S&P
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

As Turkey’s economy reels, speculative traders and well-off insiders see opportunity to profit
Categories Business Economy General HIGHLIGHTS

As Turkey’s economy reels, speculative traders and well-off insiders see opportunity to profit

Cem CetingucPosted on23 March, 2022

As most of the Turkish public saw their savings and purchasing power melt away, 40-year-old … Continue ReadingAs Turkey’s economy reels, speculative traders and well-off insiders see opportunity to profit

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