Categories General Reasons why Turkish economic model is not sustainable: Research Cem CetingucPosted on16 November, 202217 November, 2022 Expansionary economic policies in Turkey have failed to boost aggregate supply to lower inflation or … Continue ReadingReasons why Turkish economic model is not sustainable: Research
Categories Company & Industry Economy HIGHLIGHTS HYPED Moody’s rises Turkeys 2022 GDP growth estimate to 5.3 percent Cem CetingucPosted on14 November, 2022 International credit rating agency Moody’s on Thursday upgraded its forecast for Türkiye’s economic growth this … Continue ReadingMoody’s rises Turkeys 2022 GDP growth estimate to 5.3 percent
Categories Economy HIGHLIGHTS ING: Despite revisions to current account deficit is still widening Atilla YeşiladaPosted on11 November, 2022 Despite large revisions to the balance of payments data, which significantly raised tourism revenues, the … Continue ReadingING: Despite revisions to current account deficit is still widening
Categories Economy General HIGHLIGHTS Unemployment rate in Turkey increases to 10.1 percent Cem CetingucPosted on11 November, 2022 Turkey’s unemployment rate rose 0.3 percentage points month-on-month to 10.1% in September, while a seasonally … Continue ReadingUnemployment rate in Turkey increases to 10.1 percent
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 Politics Turkey jails bakery union head for ‘insulting’ the nation Cem CetingucPosted on11 November, 2022 Turkey jailed a bakery union head for “publicly insulting the Turkish nation” on Wednesday, state … Continue ReadingTurkey jails bakery union head for ‘insulting’ the nation
Categories Economy General HIGHLIGHTS ENAG: Turkey’s inflation is almost 200 percent Cem CetingucPosted on6 November, 20226 November, 2022 Inflation has skyrocketed in Turkey as official figures from the Turkish Statistical Institute (Tüik) show … Continue ReadingENAG: Turkey’s inflation is almost 200 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
Categories Company & Industry Economy Finance General HIGHLIGHTS Turan: Access to loan gets more difficult on a daily basis Cem CetingucPosted on30 October, 2022 Turkey’s leading TÜSİAD business association chair Orhan Turan has said that access to loan is … Continue ReadingTuran: Access to loan gets more difficult on a daily basis
Categories Economy General HIGHLIGHTS HYPED Turkstat: Economic confidence index advanced by 3 percent in October Cem CetingucPosted on30 October, 202230 October, 2022 The economic confidence index advanced by 3 percent in October from September to 97.1, the Turkish Statistical Institute … Continue ReadingTurkstat: Economic confidence index advanced by 3 percent in October
Categories Economy General HIGHLIGHTS September: Turkish trade deficit surges 268 percent Cem CetingucPosted on30 October, 2022 Turkey’s foreign trade deficit surged 268.1% year-on-year to $9.60 billion in September, with imports climbing … Continue ReadingSeptember: Turkish trade deficit surges 268 percent
Categories Company & Industry Finance General HIGHLIGHTS Turkish banks heavily concerned about new monetary rules Cem CetingucPosted on27 October, 202227 October, 2022 Turkish bank executives raised concerns with authorities this week that a year of new rules … Continue ReadingTurkish banks heavily concerned about new monetary rules
Categories Business Company & Industry Economy General HIGHLIGHTS Turkish banks are struggling to attract international investors amid rising debt Cem CetingucPosted on26 October, 2022 Turkish banks are struggling to attract international investors to take on their swelling ranks of … Continue ReadingTurkish banks are struggling to attract international investors amid rising debt
Categories Economy General HIGHLIGHTS HYPED An insight into AKP’s reckless spending habits Cem CetingucPosted on26 October, 2022 There are countless examples of the dubious spending habits of Turkey’s ruling Justice and Development … Continue ReadingAn insight into AKP’s reckless spending habits
Categories Economy Finance General HIGHLIGHTS HYPED Nebati met with bank officials on Monday Cem CetingucPosted on26 October, 2022 Turkish Finance Minister Nureddin Nebati has met several bank executives and the BDDK financial watchdog … Continue ReadingNebati met with bank officials on Monday
Categories Company & Industry Economy General HIGHLIGHTS Doctors flee country due to abuse, soaring inflation Cem CetingucPosted on25 October, 202228 October, 2022 Turkish doctor Mesut began his career wanting to help patients and be of use to … Continue ReadingDoctors flee country due to abuse, soaring inflation
Categories Economy General HIGHLIGHTS HYPED Lira’s faith after CBRT rate cut seems ‘unfortunate’ Cem CetingucPosted on21 October, 202221 October, 2022 The USD/TRY price has been in a consolidation phase in the past few months and is hovering … Continue ReadingLira’s faith after CBRT rate cut seems ‘unfortunate’
Categories Economy Finance General HIGHLIGHTS HYPED CBRT cuts interest rate again despite soaring inflation Cem CetingucPosted on20 October, 202220 October, 2022 Turkey’s central bank lowered its benchmark interest rate for the third time in a row … Continue ReadingCBRT cuts interest rate again despite soaring inflation
Categories Economy HIGHLIGHTS The future of the turkish economy under the presidential system Atilla YeşiladaPosted on18 October, 202219 October, 2022 The current stability in the Turkish economy relies on FX-protected deposits and FX sales by … Continue ReadingThe future of the turkish economy under the presidential system
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