Categories Economy HIGHLIGHTS William Tucker: Why We Should Be Keeping an Eye on Turkey? Atilla YeşiladaPosted on2 July, 2022 Turkey has had a rough time lately. Economically, inflation in Turkey has reached record levels, … Continue ReadingWilliam Tucker: Why We Should Be Keeping an Eye on Turkey?
Categories Economy HIGHLIGHTS Turkey’s May foreign trade gap hits $10.6B on soaring energy costs Atilla YeşiladaPosted on30 June, 2022 Turkey’s foreign trade deficit in May, official data showed Thursday, was driven by high energy … Continue ReadingTurkey’s May foreign trade gap hits $10.6B on soaring energy costs
Categories Economy Finance HIGHLIGHTS JP Morgan: Turkey: the CBRT shows no intention of tightening its policy Atilla YeşiladaPosted on24 June, 2022 Despite stronger price pressures and tighter global liquidity, the CBRT, once again, kept rates unchanged … Continue ReadingJP Morgan: Turkey: the CBRT shows no intention of tightening its policy
Categories Economy HIGHLIGHTS Turkey runs out of budget by June! Atilla YeşiladaPosted on21 June, 2022 Turkey’s government has submitted a proposal to parliament for a supplementary budget of some 1 … Continue ReadingTurkey runs out of budget by June!
Categories Business HIGHLIGHTS Daily Sabah: Turkey signals wage hike to help workers amid soaring inflation Atilla YeşiladaPosted on21 June, 2022 The Turkish government on Tuesday signaled it could boost wages as of July, in an … Continue ReadingDaily Sabah: Turkey signals wage hike to help workers amid soaring inflation
Categories General HIGHLIGHTS Politics Opposition leader Babacan: Erdogan to bankrupt Turkey Atilla YeşiladaPosted on18 June, 2022 Turkey is on the verge of total bankruptcy, according to President Recep Tayyip Erdogan’s former … Continue ReadingOpposition leader Babacan: Erdogan to bankrupt Turkey
Categories Economy HIGHLIGHTS Goldman sees Turkey inflation of near 80% before relief comes Atilla YeşiladaPosted on17 June, 2022 Goldman Sachs said on Friday it expects annual inflation in Turkey to reach almost 80% … Continue ReadingGoldman sees Turkey inflation of near 80% before relief comes
Categories Economy HIGHLIGHTS April CA deficit rises to USD 21.1bn in first trimester from USD9.1 year ago Atilla YeşiladaPosted on13 June, 2022 In April, Current Account (CA) posted a monthly deficit of USD2.7bn (Cons.: USD -3.1bn) vs … Continue ReadingApril CA deficit rises to USD 21.1bn in first trimester from USD9.1 year ago
Categories Economy Emerging Markets General HIGHLIGHTS Markets Reuters: Turkish Lira continues to weaken, Nebati says rates to stay put Cem CetingucPosted on7 June, 20227 June, 2022 Turkey’s lira slid to beyond 16.55 against the dollar on Monday, bringing its losses to … Continue ReadingReuters: Turkish Lira continues to weaken, Nebati says rates to stay put
Categories Economy General HIGHLIGHTS Politics CHP leader pledges to end poverty in Turkey Cem CetingucPosted on3 June, 2022 The main opposition Republican People’s Party (CHP) leader said he would end the “poverty” in Turkey … Continue ReadingCHP leader pledges to end poverty in Turkey
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
Categories Economy General HIGHLIGHTS Turkish economy grows 7.3 percent in first quarter Cem CetingucPosted on31 May, 2022 Turkey’s economy topped forecasts to expand by 7.3% in the first quarter of 2022, official … Continue ReadingTurkish economy grows 7.3 percent in first quarter
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 Economy HIGHLIGHTS Turkish inflation rate may hit 200 percent, research group says Atilla YeşiladaPosted on29 May, 2022 Consumer price inflation in Turkey may accelerate to more than 200 percent, local research organization … Continue ReadingTurkish inflation rate may hit 200 percent, research group says
Categories Atilla Yeşilada Business Columnists HIGHLIGHTS COMMENTARY: Erdogan dooms Turkey to currency volatility Atilla YeşiladaPosted on26 May, 2022 While monetary policy decisions are nominally taken and announced by Central Bank of Turkey (CBRT), … Continue ReadingCOMMENTARY: Erdogan dooms Turkey to currency volatility
Categories Economy General HIGHLIGHTS Turkish government contemplates rent price cap to battle against soaring prices Cem CetingucPosted on25 May, 2022 To discuss the sharp increase in housing and rent prices, the Ministry of Environment, Urbanization … Continue ReadingTurkish government contemplates rent price cap to battle against soaring prices
Categories Economy General HIGHLIGHTS Markets Turkish Lira’s downfall: Currency plunges most since 2021 Cem CetingucPosted on25 May, 2022 The Turkish lira plunged the most since a rout late last year, as a steep … Continue ReadingTurkish Lira’s downfall: Currency plunges most since 2021
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 CBRT to meet this week for policy rate Cem CetingucPosted on23 May, 2022 Policymakers at Turkey’s Central Bank are set to meet later this week to decide on the key interest rate. … Continue ReadingCBRT to meet this week for policy rate
Categories Columnists Finance HIGHLIGHTS Tim Ash: Where is the Turkish Lira headed? Atilla YeşiladaPosted on18 May, 2022 Editor’s Note: On 18 May, at 8:00 am Turkish time, dollar/TL is trading at 15.82 … Continue ReadingTim Ash: Where is the Turkish Lira headed?
