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Tag: Turkish economy

Turkey’s unemployment rate fell to 10.4 percent in 2022
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

Foreign investors show interest in Turkish economy after years of instability
Categories Economy Emerging Markets General HIGHLIGHTS

Foreign investors show interest in Turkish economy after years of instability

Cem CetingucPosted on24 March, 2023

Scores of foreign investors are returning to Istanbul and Ankara after years in the cold … Continue ReadingForeign investors show interest in Turkish economy after years of instability

Erdogan Aims to Revive Turkey’s Economic Standing Prior to Election
Categories Economy General HIGHLIGHTS Politics

Erdogan Aims to Revive Turkey’s Economic Standing Prior to Election

Cem CetingucPosted on23 March, 2023

Former Turkish economy tsar Mehmet Simsek’s refusal to return to politics has left President Tayyip … Continue ReadingErdogan Aims to Revive Turkey’s Economic Standing Prior to Election

Erdogan: Turkey to Lose 104 Billion dollars due to Earthquakes
Categories Economy General HIGHLIGHTS

Erdogan: Turkey to Lose 104 Billion dollars due to Earthquakes

Cem CetingucPosted on22 March, 202322 March, 2023

The February earthquakes are expected to cost 104 billion dollars (~2 trillion Turkish liras) to … Continue ReadingErdogan: Turkey to Lose 104 Billion dollars due to Earthquakes

Turkey’s earthquake aftermath leads to an even larger budget deficit
Categories Economy General HIGHLIGHTS HYPED

Turkey’s earthquake aftermath leads to an even larger budget deficit

Cem CetingucPosted on20 March, 2023

Turkey’s central government budget recorded a deficit of 170.56 billion lira ($8.99 billion) in February, … Continue ReadingTurkey’s earthquake aftermath leads to an even larger budget deficit

AKP preparing to return to orthodox policies, former economy czar Mehmet Simsek invited
Categories Economy HIGHLIGHTS

AKP preparing to return to orthodox policies, former economy czar Mehmet Simsek invited

Atilla YeşiladaPosted on16 March, 2023

The draft election manifesto of Turkish President Tayyip Erdogan’s AK Party marks a return to … Continue ReadingAKP preparing to return to orthodox policies, former economy czar Mehmet Simsek invited

January external deficit soars to $10 bn, financing concerns mount
Categories Economy HIGHLIGHTS

January external deficit soars to $10 bn, financing concerns mount

Atilla YeşiladaPosted on14 March, 2023

Turkey has posted a record high current account deficit, underscoring the challenge facing President Recep … Continue ReadingJanuary external deficit soars to $10 bn, financing concerns mount

Opposition Win Expected to Boost Turkish Economy: Economists
Categories Economy HYPED Politics

Opposition Win Expected to Boost Turkish Economy: Economists

Cem CetingucPosted on11 March, 202311 March, 2023

Turkey’s economy would likely experience an immediate boost, especially from foreign investment, should the opposition … Continue ReadingOpposition Win Expected to Boost Turkish Economy: Economists

Turkish industrial production rose 4.5 percent in January
Categories Economy General

Turkish industrial production rose 4.5 percent in January

Cem CetingucPosted on10 March, 202310 March, 2023

Türkiye’s industrial production in January expanded by 4.5% on a yearly basis, official figures from … Continue ReadingTurkish industrial production rose 4.5 percent in January

Turkey’s inflation falls to 55.2 percent in February
Categories Economy General HIGHLIGHTS

Turkey’s inflation falls to 55.2 percent in February

Cem CetingucPosted on3 March, 2023

Türkiye’s inflation eased slightly more than expected in February, official data showed Friday, but prices … Continue ReadingTurkey’s inflation falls to 55.2 percent in February

Reuters/Nevzat Devranoglu:  Central Bank burning reserves to keep lira stable -bankers
Categories Finance HIGHLIGHTS Markets

Reuters/Nevzat Devranoglu:  Central Bank burning reserves to keep lira stable -bankers

Atilla YeşiladaPosted on22 February, 2023

Turkey’s central bank used $7 billion of reserves in the last two weeks to help … Continue ReadingReuters/Nevzat Devranoglu:  Central Bank burning reserves to keep lira stable -bankers

Categories Economy General HIGHLIGHTS

Turkish economy trembles after devistating earthquake

Cem CetingucPosted on21 February, 2023

Turkey was already battling runaway inflation and relying on rich allies for funding to keep … Continue ReadingTurkish economy trembles after devistating earthquake

Turkey Earthquake Threatens 1% GDP Loss in 2023, Experts Warn
Categories Economy General HIGHLIGHTS

Turkey Earthquake Threatens 1% GDP Loss in 2023, Experts Warn

Cem CetingucPosted on17 February, 2023

The potential economic effects of the earthquake in Turkey could result in a loss of up to … Continue ReadingTurkey Earthquake Threatens 1% GDP Loss in 2023, Experts Warn

Ozlem Derici Sengul:  January budget deficit driven by transfers to loss-making SEEs
Categories Economy HIGHLIGHTS Özlem Derici Şengül

Ozlem Derici Sengul:  January budget deficit driven by transfers to loss-making SEEs

Atilla YeşiladaPosted on16 February, 2023

January budget deficit at 32.2 billion TL … The central government budget, which had a … Continue ReadingOzlem Derici Sengul:  January budget deficit driven by transfers to loss-making SEEs

Prof Esfender Korkmaz: If it postpones the election, there will be no AKP!..
Categories Economy HIGHLIGHTS Politics

Prof Esfender Korkmaz: If it postpones the election, there will be no AKP!..

Atilla YeşiladaPosted on16 February, 202316 February, 2023

Who is Esfender Korkmaz? Prof Esfender Korkmaz is one of the most senior active economists … Continue ReadingProf Esfender Korkmaz: If it postpones the election, there will be no AKP!..

Turkish exports reach all-time high in January creating a huge trade ficit
Categories Business Economy HIGHLIGHTS Markets

Turkish exports reach all-time high in January creating a huge trade ficit

Cem CetingucPosted on2 February, 20233 February, 2023

Turkey’s exports posted an all-time high January figure at $19.4 billion (TL 365.04 billion), Trade … Continue ReadingTurkish exports reach all-time high in January creating a huge trade ficit

Turkey will increase gold production to reduce import dependency: Erdogan
Categories Company & Industry Economy HIGHLIGHTS

Turkey will increase gold production to reduce import dependency: Erdogan

Cem CetingucPosted on1 February, 2023

Turkey plans to keep increasing its gold production so it can rely less on imports, … Continue ReadingTurkey will increase gold production to reduce import dependency: Erdogan

Turkey’s trade deficit jumps 137 percent in 2022, as tourism revenues boom
Categories Business Economy HIGHLIGHTS

Turkey’s trade deficit jumps 137 percent in 2022, as tourism revenues boom

Atilla YeşiladaPosted on31 January, 2023

Cover Chart:  Turkish exports in red, Imports Blue, by Yatirim Finansman   Turkey’s tourism revenue … Continue ReadingTurkey’s trade deficit jumps 137 percent in 2022, as tourism revenues boom

Guldem Atabay:  Turkish economy until elections
Categories Economy Güldem Atabay HIGHLIGHTS

Guldem Atabay:  Turkish economy until elections

Atilla YeşiladaPosted on29 January, 2023

AKP’s economic management will firmly stick to the path it calls the “New Economy Model” … Continue ReadingGuldem Atabay:  Turkish economy until elections

Hunger, poverty, Who cares? Finance minister defends Lira’s depreciation for ‘industrialization’
Categories Economy General HIGHLIGHTS Politics

Hunger, poverty, Who cares? Finance minister defends Lira’s depreciation for ‘industrialization’

Cem CetingucPosted on26 January, 202327 January, 2023

Turkish Finance Minister Nureddin Nebati has defended the depreciation of lira, saying that the economy … Continue ReadingHunger, poverty, Who cares? Finance minister defends Lira’s depreciation for ‘industrialization’

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Recent Posts

  • Ussal Sahbaz: Turkey’s housing bubble impedes innovation and productivity
  • Erdogan sycophant confesses elections are about to be lost
  • Turkey’s unemployment rate fell to 10.4 percent in 2022
  • Air Pollution Claims Lives of Over 42,000 People in Turkey in 2021
  • Foreign investors show interest in Turkish economy after years of instability

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