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
Categories Business Company & Industry Finance General HIGHLIGHTS EBRD loans 50 million dollars to QNB Finansbank for women-lead companies Cem CetingucPosted on23 July, 202223 July, 2022 The European Bank for Reconstruction and Development (EBRD) is providing a loan of up to … Continue ReadingEBRD loans 50 million dollars to QNB Finansbank for women-lead companies
Categories Economy Finance HIGHLIGHTS JP Morgan on Turkey: Nothing much to note in the MPC decision Atilla YeşiladaPosted on23 July, 2022 As universally expected, the CBRT kept its key policy rate unchanged at 14.0% and did … Continue ReadingJP Morgan on Turkey: Nothing much to note in the MPC decision
Categories Economy Finance General HIGHLIGHTS Kubilay: As Turkey’s economic woes worsen, a new currency crisis is approaching Cem CetingucPosted on21 July, 2022 Turkey’s economic problems continue to go from bad to worse. Its foreign trade deficit has … Continue ReadingKubilay: As Turkey’s economic woes worsen, a new currency crisis is approaching
Categories Economy Finance General HIGHLIGHTS Macro Snapshot: Consumer Confidence Index, July 2022 Cem CetingucPosted on21 July, 2022 Consumer Confidence Index (CCI) recovered in July. CCI increased by 7.4% to 68 in July … Continue ReadingMacro Snapshot: Consumer Confidence Index, July 2022
Categories Economy HIGHLIGHTS Politics Opinion: Turkey’s economic turmoil and repressive policies Atilla YeşiladaPosted on13 July, 2022 Khursheed Alika, an economic researcher and one of the founders of the Association of Kurdish … Continue ReadingOpinion: Turkey’s economic turmoil and repressive policies
Categories Economy Finance HIGHLIGHTS Fitch’s Eid gift: Agency downgrades Turkey’s debt rating to ‘B’ from ‘B+’ Atilla YeşiladaPosted on9 July, 2022 Ratings agency Fitch on Friday downgraded Turkey’s debt rating to ‘B’ from ‘B+’, citing increasing … Continue ReadingFitch’s Eid gift: Agency downgrades Turkey’s debt rating to ‘B’ from ‘B+’
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