Categories Economy General HIGHLIGHTS IMF on TURKEY: Slower growth, disinflation on the horizon, but many downside risks to economic stability Atilla YeşiladaPosted on12 October, 202412 October, 2024
Categories Economy HIGHLIGHTS Turkey posts significant current account surplus in August Cem CetingucPosted on11 October, 2024
Categories General HIGHLIGHTS Turkish parliament forms commission to investigate violence and child abuse Cem CetingucPosted on11 October, 2024
Categories HIGHLIGHTS Politics Foreign Minister Fidan warns of potential nuclear war Cem CetingucPosted on10 October, 202410 October, 2024
AKP internal report: Voters want better economy, justice The Turkish electorate’s priorities have changed since last year’s elections as the economy and justice … Continue ReadingAKP internal report: Voters want better economy, justice
Categories Economy General Reuters: ‘We will not be able to pay our bills’: Turks set to lose a COVID-19 income support Atilla YeşiladaPosted on31 March, 2021 Amidst the confusion and loss of economic confidence caused by the swift slide of the … Continue ReadingReuters: ‘We will not be able to pay our bills’: Turks set to lose a COVID-19 income support
Categories Economy HIGHLIGHTS Central Bank’s new Governor Kavcioglu promises positive real yield Güldem AtabayPosted on30 March, 2021 Turkey’s new Central Bank Governor Sahap Kavcioglu said current elevated levels of inflation require tight … Continue ReadingCentral Bank’s new Governor Kavcioglu promises positive real yield
Categories Company & Industry THY: Strong positioning, geared to leisure travel recovery; reiterate Buy Cem CetingucPosted on30 March, 2021 We revise our estimates for Turkish Airlines (THY). Reflecting more upbeat expectations from management post … Continue ReadingTHY: Strong positioning, geared to leisure travel recovery; reiterate Buy
Categories Business Company & Industry Company Outlook | Mavi: Emerging stronger Cem CetingucPosted on30 March, 202130 March, 2021 Managing inventories, preserving margins: Despite a c26% drop in retail revenues in FY21 and an … Continue ReadingCompany Outlook | Mavi: Emerging stronger
Categories Economy HIGHLIGHTS Another midnight presidential decree, another round of TL weakness Güldem AtabayPosted on30 March, 2021 Turkey’s President Erdoğan sacked the Central Bank Deputy Governor Murat Cetinkaya in a midnight presidential decree … Continue ReadingAnother midnight presidential decree, another round of TL weakness
Categories Economy HIGHLIGHTS Politics UPDATE (New case figures added): President Erdogan introduces new but mild curfew measures Güldem AtabayPosted on29 March, 202131 March, 2021 Turkey has recorded 37,303 new coronavirus cases in the space of 24 hours, the highest … Continue ReadingUPDATE (New case figures added): President Erdogan introduces new but mild curfew measures
Categories Economy HIGHLIGHTS Turkish lira keeps sliding as new Governor’s comments do not anchor Güldem AtabayPosted on29 March, 202129 March, 2021 Turkey’s lira lost more than 1% of its value on Monday, continuing its sharp decline … Continue ReadingTurkish lira keeps sliding as new Governor’s comments do not anchor
Categories Economy Politics Erdogan starts a political earthquake in Turkey Cem CetingucPosted on29 March, 2021 Vijay Prashad, Ahmet Tonak Significant developments are underway in Turkey. Most ominously, the government of … Continue ReadingErdogan starts a political earthquake in Turkey
Categories Economy Güldem Atabay Politics Erdoğan firing central bank governor gamble on snap elections Cem CetingucPosted on29 March, 202129 March, 2021 Turkey’s President Recep Tayyip Erdoğan shook international markets by firing the well-regarded governor of the … Continue ReadingErdoğan firing central bank governor gamble on snap elections
Categories Economy Politics Turkey’s economic mess is a policy failure rather than a divine test Cem CetingucPosted on29 March, 2021 David Lepeska President Recep Tayyip Erdogan subtly acknowledged the depth of Turkey’s financial woes in … Continue ReadingTurkey’s economic mess is a policy failure rather than a divine test
Categories Economy HIGHLIGHTS Fitch: Turkey’s abrupt central bank switch entrenches Erdogan’s unorthodoxy Güldem AtabayPosted on29 March, 2021 President Tayyip Erdogan’s decision to oust Turkey’s central bank chief entrenches his unorthodox view that … Continue ReadingFitch: Turkey’s abrupt central bank switch entrenches Erdogan’s unorthodoxy
Categories Economy HIGHLIGHTS New Central Bank Chief’s politically correct comments: April Rate Cut Not a Given Güldem AtabayPosted on29 March, 202129 March, 2021 Markets shouldn’t take for granted that the Monetary Policy Committee will cut interest rates as … Continue ReadingNew Central Bank Chief’s politically correct comments: April Rate Cut Not a Given
Categories Emerging Markets A brewing emerging market debt crisis Atilla YeşiladaPosted on29 March, 2021 Rudi Dornbusch, the late MIT economist, famously said that when it came to emerging market … Continue ReadingA brewing emerging market debt crisis
Categories General Turkey raises Uighur issues with China amid protests–politely Atilla YeşiladaPosted on29 March, 2021 Turkey said it raised the issue of Uighur Muslims during talks with China’s foreign minister … Continue ReadingTurkey raises Uighur issues with China amid protests–politely
Categories Economy General Africa abandoned to Covid-19 until 2023-2024 Atilla YeşiladaPosted on29 March, 2021 Most of the Frontier Markets so beloved by risk-loving global funds are located in Africa, … Continue ReadingAfrica abandoned to Covid-19 until 2023-2024
Categories General HIGHLIGHTS Turkish medics call for tougher measures as COVID-19 surges Atilla YeşiladaPosted on28 March, 2021 On Sunday, Turkey’s Ministry of Health reported 29,058 new Covid-19 cases, with deaths exceeding 150 … Continue ReadingTurkish medics call for tougher measures as COVID-19 surges
Categories General HIGHLIGHTS BREAKING: Armenia premier confirms he will step down to allow election Atilla YeşiladaPosted on28 March, 2021 Armenia’s embattled prime minister on Sunday confirmed that he will step down from the post … Continue ReadingBREAKING: Armenia premier confirms he will step down to allow election
Categories HYPED Markets MS Turkey equity strategy: Finding opportunities after the correction Atilla YeşiladaPosted on28 March, 2021 MSCI Turkey is down 20% in USD since last Friday, with TRY depreciation explaining 8 … Continue ReadingMS Turkey equity strategy: Finding opportunities after the correction
Categories General Emil Avdaliani: Turkey’s Foreign Policy Balancing Act Atilla YeşiladaPosted on27 March, 2021 It is often claimed that Turkey made a definitive break with the West in 2003 … Continue ReadingEmil Avdaliani: Turkey’s Foreign Policy Balancing Act
Categories Atilla Yeşilada HIGHLIGHTS Markets OPINION: TL will drop faster this week Atilla YeşiladaPosted on27 March, 2021 Turkey’s sickly currency closed the week at 8.08 against the American dollar, thus officially surrendering … Continue ReadingOPINION: TL will drop faster this week
