Categories Economy General HIGHLIGHTS HYPED Nebati: Turkey’s inflation reached its highest level Cem CetingucPosted on29 November, 2022 Inflation has peaked and will start declining, Treasury and Finance Minister Nureddin Nebati has said. “Inflation has reached … Continue ReadingNebati: Turkey’s inflation reached its highest level
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 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 HIGHLIGHTS Faith of the Turkish Lira: Can it bounce back? Cem CetingucPosted on26 September, 2022 The USD/TRY exchange rate continued its bullish trend after the divergent paths taken by the Federal … Continue ReadingFaith of the Turkish Lira: Can it bounce back?
Categories Economy General HIGHLIGHTS Politics Erdoğan claims inflation is not an ‘insurmountable economic threat’ Cem CetingucPosted on26 September, 202226 September, 2022 Inflation is not an “insurmountable economic threat,” President Recep Tayyip Erdoğan said Monday, adding it … Continue ReadingErdoğan claims inflation is not an ‘insurmountable economic threat’
Categories Economy Emerging Markets General HIGHLIGHTS HYPED Reuters: Russia to buy Lira, Yuan, Rupees for the rainy days Cem CetingucPosted on16 August, 2022 Russia is considering buying the currencies of “friendly” countries such as China, India and Turkey … Continue ReadingReuters: Russia to buy Lira, Yuan, Rupees for the rainy days
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
Categories General CBRT survey reveals Turkey’s year-end inflation is around 58 percent Cem CetingucPosted on23 May, 2022 Expectations for Turkish inflation through the end of this year have ticked higher, a closely … Continue ReadingCBRT survey reveals Turkey’s year-end inflation is around 58 percent
Categories Economy General HIGHLIGHTS Politics Turkish government pledges to fight high inflation Cem CetingucPosted on8 April, 2022 In its fourth meeting, the Price Stability Committee vowed to fight soaring inflation rates with … Continue ReadingTurkish government pledges to fight high inflation
Categories Economy HIGHLIGHTS Inflation in OECD area hits a 30-year high, ‘reflecting in part another sharp rise in Turkey’ Atilla YeşiladaPosted on6 April, 2022 The Organisation for Economic Cooperation and Development (OECD) announced the consumer price index for February … Continue ReadingInflation in OECD area hits a 30-year high, ‘reflecting in part another sharp rise in Turkey’
Categories Economy General HIGHLIGHTS Politics Trade Minister: Price inspections will carry on Cem CetingucPosted on1 April, 2022 Officials will conduct inspections at businesses to check prices after a government decision to reduce the … Continue ReadingTrade Minister: Price inspections will carry on
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 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 CBRT foresees single digit inflation despite concerns Cem CetingucPosted on24 March, 2022 Although some concerns persist, Turkey’s central bank does not expect inertia in inflation and sees … Continue ReadingCBRT foresees single digit inflation despite concerns
Categories Economy General HIGHLIGHTS Soaring cost of living due to high inflation torments citizens of Istanbul Cem CetingucPosted on6 March, 2022 In Istanbul, Turkey’s financial hub and largest city, a wide range of job opportunities and … Continue ReadingSoaring cost of living due to high inflation torments citizens of Istanbul
Categories Economy General HIGHLIGHTS Turkish inflation surges to two-decade high of 48.7 percent Güldem AtabayPosted on3 February, 2022 Turkey’s consumer price inflation rate jumped to an annual 48.7 percent in January from 36.1 … Continue ReadingTurkish inflation surges to two-decade high of 48.7 percent
Categories Economy General HIGHLIGHTS Politics President Erdoğan: Taking necessary steps to protect our people from inflation Cem CetingucPosted on1 February, 2022 We are taking steps one by one which will protect our people from high inflation … Continue ReadingPresident Erdoğan: Taking necessary steps to protect our people from inflation
Categories Economy General HIGHLIGHTS Politics Are Turkey’s efforts to fix the economy working? Cem CetingucPosted on20 January, 2022 Turkey’s government and central bank have taken unconventional steps in recent weeks to prop up … Continue ReadingAre Turkey’s efforts to fix the economy working?
Categories Economy General HIGHLIGHTS Foreigner shopping craze in Turkey due to Turkish Lira crash Cem CetingucPosted on22 December, 202122 December, 2021 The sea of Bulgarian buses parked outside a market in Turkey’s historic city of Edirne … Continue ReadingForeigner shopping craze in Turkey due to Turkish Lira crash
Categories Economy HIGHLIGHTS The price of Turkish Lira’s collapse gets heavy Cem CetingucPosted on25 November, 202125 November, 2021 Istanbul’s sky is as gloomy as the mood in the households and on the streets … Continue ReadingThe price of Turkish Lira’s collapse gets heavy