Categories Business Turkish kitchen appliances: A modest recovery underway Atilla YeşiladaPosted on21 July, 202021 July, 2020 Domestic sales in Turkey’s white goods sector rose 4% year-on-year from January through June and … Continue ReadingTurkish kitchen appliances: A modest recovery underway
Categories General HIGHLIGHTS Politics Turkey’s gold rush: Is Ankara expecting US sanctions? Atilla YeşiladaPosted on21 July, 202021 July, 2020 Turkey scrambles for gold, overtaking Russia as top buyer Turkey has overtaken Russia as the … Continue ReadingTurkey’s gold rush: Is Ankara expecting US sanctions?
Categories Emerging Markets HYPED Reuters poll: Egypt’s economic growth seen slowing in 2020/21 Atilla YeşiladaPosted on21 July, 202021 July, 2020 PA Turkey covers Turkey, as well as its neighbors and EM at large. Egypt is … Continue ReadingReuters poll: Egypt’s economic growth seen slowing in 2020/21
Categories Economy HIGHLIGHTS BNP Paribas TEB: Outlook for Turkish Economy Atilla YeşiladaPosted on21 July, 202021 July, 2020 Turkey first quarter GDP for 2020 increased 4.5% y/y Seasonally and calendar adjusted GDP increased … Continue ReadingBNP Paribas TEB: Outlook for Turkish Economy
Categories Company & Industry HIGHLIGHTS COMPANY UPDATE: KOZA ALTIN Atilla YeşiladaPosted on20 July, 202020 July, 2020 Revising TP to TL102.0/share We are making another upward revision in our gold price assumptions … Continue ReadingCOMPANY UPDATE: KOZA ALTIN
Categories Economy Finance HIGHLIGHTS JP Morgan rate call: Explicit reference to tighter policies needed to restore credibility Atilla YeşiladaPosted on20 July, 202020 July, 2020 In line with the Bloomberg consensus, we expect the CBRT to keep its key policy … Continue ReadingJP Morgan rate call: Explicit reference to tighter policies needed to restore credibility
Categories Economy BBVA IP and inflation forecasts Atilla YeşiladaPosted on20 July, 202020 July, 2020 Industrial Production: Will acceleration continue? Industrial Production (IP) in May contracted by 20% yoy in … Continue ReadingBBVA IP and inflation forecasts
Categories HIGHLIGHTS Politics Three EU nations threaten sanctions for Libya, US on Turkey’s side Atilla YeşiladaPosted on19 July, 202019 July, 2020 Leaders of France, Germany and Italy called for an immediate cease-fire in Libya and said … Continue ReadingThree EU nations threaten sanctions for Libya, US on Turkey’s side
Categories Emerging Markets General Iran’s Judgement Day: 25mn infected Atilla YeşiladaPosted on19 July, 202019 July, 2020 President Hassan Rouhani said on Saturday that some 25 million Iranians may have been infected … Continue ReadingIran’s Judgement Day: 25mn infected
Categories HYPED Politics B. Duran defends Turkey’s foreign policy moves Atilla YeşiladaPosted on18 July, 202018 July, 2020 Turkey has been accused of trying to spread political Islam, monopolizing Eastern Mediterranean and meddling … Continue ReadingB. Duran defends Turkey’s foreign policy moves
Categories Finance General HIGHLIGHTS Markets Inflation scare: Turkish central bank raises FX RR ratio by 300 bps implying no rate cut this week Güldem AtabayPosted on18 July, 202018 July, 2020 As per the central bank announcement today, FX reserve requirement ratios have been increased by … Continue ReadingInflation scare: Turkish central bank raises FX RR ratio by 300 bps implying no rate cut this week
Categories Emerging Markets HIGHLIGHTS Another stain on EM story: Social unrest underway Atilla YeşiladaPosted on17 July, 202017 July, 2020 With Russia, India, South Africa and Brazil groaning under the burden of Covid-19 epidemics, low … Continue ReadingAnother stain on EM story: Social unrest underway
Categories Economy An introduction to Erdoganomics: Stealing from tomorrow to save the day Atilla YeşiladaPosted on17 July, 202017 July, 2020 President Erdogan’s economic policies don’t fit any school of economic thought known on Planet Earth … Continue ReadingAn introduction to Erdoganomics: Stealing from tomorrow to save the day
Categories Economy Finance General HIGHLIGHTS Turkish state banks fx sales add to USD100bn Editor P.A.Posted on17 July, 202018 July, 2020 Turkish state banks have doubled their short foreign currency positions in six weeks to $8.3 … Continue ReadingTurkish state banks fx sales add to USD100bn
Categories Economy June 2020 Budget: Deterioration on the outlook continues Atilla YeşiladaPosted on17 July, 202017 July, 2020 In June, Budget gave a deficit of TRY19.4bn. Albeit there was no consensus available for … Continue ReadingJune 2020 Budget: Deterioration on the outlook continues
Categories Emerging Markets General HIGHLIGHTS Goldman Sachs revises world forecasts Atilla YeşiladaPosted on17 July, 202017 July, 2020 We share excerpts from the latest Goldman Report: Recovery continues apace Globally, the world economy … Continue ReadingGoldman Sachs revises world forecasts
Categories Economy HIGHLIGHTS Turkstat: Households spend half of their budget on shelter and food Atilla YeşiladaPosted on17 July, 202017 July, 2020 Turkstat’s 2019 survey of household expenditures reveal the picture of an economy slowly sinking from … Continue ReadingTurkstat: Households spend half of their budget on shelter and food
Categories Economy Emerging Markets General HIGHLIGHTS Turkey’s fiscal dismal- and COVID-19 is not only cause Güldem AtabayPosted on16 July, 202017 July, 2020 The math is simple: Turkey’s fiscal accounts that already have been deteriorating before COVID-19 is … Continue ReadingTurkey’s fiscal dismal- and COVID-19 is not only cause
Categories Business HYPED Tech Turkish companies e-reaching out to MENA region Atilla YeşiladaPosted on16 July, 202016 July, 2020 Even though Turkey is a latecomer to e-commerce, Covid-19 lockdowns reinvigorated interest in on-line shopping … Continue ReadingTurkish companies e-reaching out to MENA region
Categories General A British couple share their experience during Turkey vacation Atilla YeşiladaPosted on16 July, 202016 July, 2020 Is Turkey safe to travel? EU says NO, Russia says YES. Why do we care? … Continue ReadingA British couple share their experience during Turkey vacation
