Categories Economy HIGHLIGHTS Turkey’s terrible August foreign trade data: Deficit surges 168% Güldem AtabayPosted on30 September, 2020Turkey’s foreign trade deficit jumped 168.2% yoy in August to $6.3 bn according to official … Continue ReadingTurkey’s terrible August foreign trade data: Deficit surges 168%
Categories Economy HIGHLIGHTS Rolling back: Turkey lowers withholding tax rates on lira deposits in vein Güldem AtabayPosted on30 September, 2020Watching the Turkish lira meltdown and dollarization increasing, the Turkish administration today lowered the level … Continue ReadingRolling back: Turkey lowers withholding tax rates on lira deposits in vein
Categories Economy HIGHLIGHTS Turkey Wealth Fund hires HSBC, ICBC, Citigroup for bond sale Güldem AtabayPosted on30 September, 202030 September, 2020Turkey’s controversial sovereign wealth fund mandated HSBC, the Industrial Commercial Bank of China and Citigroup … Continue ReadingTurkey Wealth Fund hires HSBC, ICBC, Citigroup for bond sale
Categories HIGHLIGHTS Politics One day before the EU Summit Erdogan sends a letter calling for justice Güldem AtabayPosted on30 September, 2020Turkey’s president on Wednesday- one day before the EU Summit- sent a letter to the … Continue ReadingOne day before the EU Summit Erdogan sends a letter calling for justice
Categories Emerging Markets HIGHLIGHTS Emerging Markets: QE and bond issues raise troubling questions about near future Atilla YeşiladaPosted on30 September, 2020Developing Nations, which we shall call Emerging Markets to go by investment banking lingo have … Continue ReadingEmerging Markets: QE and bond issues raise troubling questions about near future
Categories General HIGHLIGHTS Sinan Ulgen: Assessing Turkish claims in East Med Atilla YeşiladaPosted on29 September, 2020The retrenchment of the United States from Europe and even from the Middle East had … Continue ReadingSinan Ulgen: Assessing Turkish claims in East Med
Categories Business Turkish Banks: August 2020 performance Atilla YeşiladaPosted on29 September, 202029 September, 2020FX losses and higher provisions pull back ROE to 8% Turkish banking sector’s August net … Continue ReadingTurkish Banks: August 2020 performance
Categories Economy Güldem Atabay HIGHLIGHTS Turkey’s New Economic Program: The Crying Game Güldem AtabayPosted on29 September, 202029 September, 2020Turkey’s New Economic Program (NEP), announced by Treasury and Finance Minister Berat Albayrak as of … Continue ReadingTurkey’s New Economic Program: The Crying Game
Categories General HYPED Politics Covid-19 Aid: Turkey’s new political battleground Atilla YeşiladaPosted on29 September, 2020Turkish government attempts to ban locally-organised aid efforts amid the coronavirus pandemic have intensified conflict … Continue ReadingCovid-19 Aid: Turkey’s new political battleground
Categories Finance HIGHLIGHTS Markets Politics TL shaken by Azerbaijan-Armenia clashes Atilla YeşiladaPosted on29 September, 2020Good morning. In Asian session dollar/TL shot up to 7.82, yet another record low for … Continue ReadingTL shaken by Azerbaijan-Armenia clashes
Categories Economy HIGHLIGHTS HSBC on Turkey: Funding risk in focus Atilla YeşiladaPosted on28 September, 2020The economy shrank by 9.9% in annual terms in Q2. Private spending declined by 8.5% … Continue ReadingHSBC on Turkey: Funding risk in focus
Categories General Politics VoA explains Turkey’s Blue Homeland naval doctrine Atilla YeşiladaPosted on28 September, 2020Turkey is in the midst of a major naval construction program, seeking to restore regional … Continue ReadingVoA explains Turkey’s Blue Homeland naval doctrine
Categories Finance HIGHLIGHTS Markets Turkey says “Foreign Investors, Welcome” Atilla YeşiladaPosted on28 September, 2020Turkey’s sickly currency TL took another punch on the nose today, but that is no … Continue ReadingTurkey says “Foreign Investors, Welcome”
Categories General HIGHLIGHTS UPDATE (Tim Ash comments) Azerbaijan and Armenia: Could new clashes presage total war? Atilla YeşiladaPosted on28 September, 202028 September, 2020Feels different to previous rounds of bloodletting – most serious flare up since the 1990s … Continue ReadingUPDATE (Tim Ash comments) Azerbaijan and Armenia: Could new clashes presage total war?
Categories General Yasar Yakis: Turkey’s Libya project threatened by political developments Atilla YeşiladaPosted on28 September, 202028 September, 2020Fayez Al-Sarraj, the prime minister of Libya’s UN-backed Government of National Accord (GNA) in Tripoli, … Continue ReadingYasar Yakis: Turkey’s Libya project threatened by political developments
Categories Economy Finance HIGHLIGHTS Record increase in Treasury’s debt stock: 481 billion TL in 8 months Atilla YeşiladaPosted on28 September, 2020Cover chart: Public debt stock in billion TL By Emre Deveci The total amount of … Continue ReadingRecord increase in Treasury’s debt stock: 481 billion TL in 8 months
Categories Politics East Med tensions: Turkey and Greece tune down the rhetoric, launch “exploratory” talks Atilla YeşiladaPosted on26 September, 202026 September, 2020Greek newspaper Ekathemerini reports that the European Union is unlikely to follow through on a … Continue ReadingEast Med tensions: Turkey and Greece tune down the rhetoric, launch “exploratory” talks
Categories Politics Yetkin Report: HDP detentions: Is party closure next? Atilla YeşiladaPosted on26 September, 2020Renown foreign and political affairs correspondent Mr Murat Yetkin, formerly with Hurriyet daily, now in … Continue ReadingYetkin Report: HDP detentions: Is party closure next?
Categories HIGHLIGHTS Politics Syria dispute drives a wedge between Turkey and Russia Atilla YeşiladaPosted on26 September, 2020PA Turkey is following increased news flow which suggests that the once water-tight Turko-Russian relationship … Continue ReadingSyria dispute drives a wedge between Turkey and Russia
Categories Economy Emerging Markets HYPED Natixis on Middle East, North Africa, CEE AND Turkey Atilla YeşiladaPosted on26 September, 2020EMEA EMs in times of Covid-19… EMEA emerging economies (EEMEA) have been severely shaken by … Continue ReadingNatixis on Middle East, North Africa, CEE AND Turkey
