Categories Business HIGHLIGHTS Turkey’ leading business lobby rebels against Erdogan Atilla YeşiladaPosted on16 June, 2022 Turkish President Recep Tayyip Erdoğan on Wednesday blasted Turkish business group TÜSIAD’s chair Orhan Turan … Continue ReadingTurkey’ leading business lobby rebels against Erdogan
Categories General Turkish gov’t policy causing destruction of middle class, warn researchers Güldem AtabayPosted on15 June, 2022 Turkey’s ENAG Inflation Research Group has warned that the government is causing the destruction of … Continue ReadingTurkish gov’t policy causing destruction of middle class, warn researchers
Categories Economy Finance General HIGHLIGHTS Markets Turkey Wants to Claw Back More Dollars With Cheap Exporter Loans Güldem AtabayPosted on13 June, 2022 Turkey is making another effort to arrest a precipitous decline in its currency by dangling … Continue ReadingTurkey Wants to Claw Back More Dollars With Cheap Exporter Loans
Categories Economy General HIGHLIGHTS Turkey Credit Default Swaps Jump to 19-Year High Amid Lira Woes Güldem AtabayPosted on13 June, 2022 The cost to insure against a debt default by Turkey’s government in the next five … Continue ReadingTurkey Credit Default Swaps Jump to 19-Year High Amid Lira Woes
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 HIGHLIGHTS Lira Swings, CDS Surge as New Measures Fail to Ease Concerns Güldem AtabayPosted on10 June, 2022 The Turkish lira whipsawed with surging credit-default swaps as investors appeared underwhelmed by the series … Continue ReadingLira Swings, CDS Surge as New Measures Fail to Ease Concerns
Categories Economy HIGHLIGHTS UPDATE (yield added): Turkey Announces New, Revenue-Indexed Bonds to Bolster Lira Güldem AtabayPosted on10 June, 202210 June, 2022 On Friday evening, the Treasury disclosed the details of the revenue-indexed bonds. The base-line revenues … Continue ReadingUPDATE (yield added): Turkey Announces New, Revenue-Indexed Bonds to Bolster Lira
Categories Business General HYPED Tim Ash: Moscow is playing PR game over grain exports Atilla YeşiladaPosted on9 June, 2022 It’s painful watching the Turks trying to negotiate with Russia to create some kind of … Continue ReadingTim Ash: Moscow is playing PR game over grain exports
Categories General HYPED Lisel Hintz: The empire’s opposition strikes back: popular culture as creative resistance tool under Turkey’s AKP Atilla YeşiladaPosted on9 June, 2022 In the early morning of September 6, 2019, two rap videos expressing frustrations with Turkey’s … Continue ReadingLisel Hintz: The empire’s opposition strikes back: popular culture as creative resistance tool under Turkey’s AKP
Categories Economy HIGHLIGHTS Politics Venezuelan President Maduro visits Turkey, meets Erdogan Güldem AtabayPosted on8 June, 2022 Venezuelan President Nicolas Maduro will pay a two-day official visit to Turkey beginning on Tuesday, … Continue ReadingVenezuelan President Maduro visits Turkey, meets Erdogan
Categories Economy HIGHLIGHTS S&P warns: Turkey risks introducing additional capital controls Güldem AtabayPosted on8 June, 2022 International credit rating agency Standard & Poor’s (S&P) said Turkey is at increased risk of … Continue ReadingS&P warns: Turkey risks introducing additional capital controls
Categories General HIGHLIGHTS 14.8 million people in Turkey suffer from undernourishment: UN report Güldem AtabayPosted on8 June, 2022 Some 14.8 million out of 82.3 million people in Turkey have insufficient food consumption as … Continue Reading14.8 million people in Turkey suffer from undernourishment: UN report
Categories Economy General HIGHLIGHTS UPDATE: Russia and Turkey raise hopes of grain export corridor from Ukraine Güldem AtabayPosted on8 June, 20228 June, 2022 UPDATE: Grain Talks in Ankara Show No Signs of Progress (Bloomberg) — Talks between Russia … Continue ReadingUPDATE: Russia and Turkey raise hopes of grain export corridor from Ukraine
Categories Economy HIGHLIGHTS Markets Lira Sinks to 17 Per Dollar as Erdogan Rate Talk Fuels Forex Demand Güldem AtabayPosted on8 June, 20228 June, 2022 Turkey’s lira tumbled beyond 17 per dollar for the first time since December amid a … Continue ReadingLira Sinks to 17 Per Dollar as Erdogan Rate Talk Fuels Forex Demand
Categories Business Company & Industry Finance HIGHLIGHTS Turkish Aviation: Heading towards a strong summer Cem CetingucPosted on8 June, 2022 Shift in traffic mix towards international routes should support profitability. Despite the headwinds from Omicron … Continue ReadingTurkish Aviation: Heading towards a strong summer
Categories Emerging Markets HIGHLIGHTS Danske Research: Whole lotta’ bad news for EM Atilla YeşiladaPosted on7 June, 2022 Danske Research warns investors about more shocks to hit the already badly-stricken EM asset class. … Continue ReadingDanske Research: Whole lotta’ bad news for EM
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 General HIGHLIGHTS Politics Turkey seeks to restore ties with Western procurement club Cem CetingucPosted on7 June, 2022 After the controversial, multibillion-dollar purchase of a Russian-made missile defense system, the Turkish government appears … Continue ReadingTurkey seeks to restore ties with Western procurement club
Categories General HIGHLIGHTS Turkish Water Institute seeks to raise awareness about water efficiency Cem CetingucPosted on6 June, 2022 Parched lands replace fertile territory in some places while others are exposed to incessant torrential … Continue ReadingTurkish Water Institute seeks to raise awareness about water efficiency
Categories Company & Industry Finance General HIGHLIGHTS Banking industry: FX protected deposit scheme boosts NII Cem CetingucPosted on6 June, 20226 June, 2022 45% monthly ROE on lower provisions and OPEX Turkish banking sector’s April net income is … Continue ReadingBanking industry: FX protected deposit scheme boosts NII
