Categories Economy HIGHLIGHTS Turkish Hyperinflation Already Here for Citigroup, Vodafone Güldem AtabayPosted on4 August, 2022 Hyperinflation has arrived in Turkey for foreign businesses with operations in the country — at … Continue ReadingTurkish Hyperinflation Already Here for Citigroup, Vodafone
Categories Business Finance General HIGHLIGHTS HYPED US policy rate hikes make things harder for Turkish economy Cem CetingucPosted on4 August, 2022 The remaining hopes for the Turkish economy to get better sooner are vanishing fast after … Continue ReadingUS policy rate hikes make things harder for Turkish economy
Categories Company & Industry Economy General HIGHLIGHTS Reuters: Turkey’s tourism revenues triple despite many Turks stay home Cem CetingucPosted on4 August, 2022 Turkey’s tourism revenues nearly tripled in the second quarter while first-half foreign visitor numbers surged … Continue ReadingReuters: Turkey’s tourism revenues triple despite many Turks stay home
Categories Economy Emerging Markets General HIGHLIGHTS Mustafa Sönmez: Turkey’s economy stands to suffer from euro’s downturn Cem CetingucPosted on4 August, 2022 The euro’s slide to parity with the dollar is producing fresh strains for Turkey’s foreign … Continue ReadingMustafa Sönmez: Turkey’s economy stands to suffer from euro’s downturn
Categories Economy HIGHLIGHTS Inflation Analysis: CPI inflation at 2.37% below expected in July, but may rises to 90% soon Atilla YeşiladaPosted on4 August, 2022 CPI inflation at 2.37% comes well below market expectations in July, but rises further to … Continue ReadingInflation Analysis: CPI inflation at 2.37% below expected in July, but may rises to 90% soon
Categories Economy HIGHLIGHTS Turkish Inflation Approached 80% in July and Has Yet to Peak Güldem AtabayPosted on3 August, 2022 Turkish inflation accelerated again and may be months away from peaking, soaring to levels unseen since 1998 … Continue ReadingTurkish Inflation Approached 80% in July and Has Yet to Peak
Categories Economy HIGHLIGHTS Türkiye’s economic woes far from over amid tumbling currency, looming debt Güldem AtabayPosted on3 August, 2022 With tumbling currency, low capital inflows and looming short-term external debt, Türkiye’s economic woes are … Continue ReadingTürkiye’s economic woes far from over amid tumbling currency, looming debt
Categories General HIGHLIGHTS Politics Turkey, US to debate over Ukraine war and political relations Cem CetingucPosted on3 August, 2022 İbrahim Kalın, the presidential spokesman and chief foreign policy advisor, met with Jason Crow, a … Continue ReadingTurkey, US to debate over Ukraine war and political relations
Categories Business HIGHLIGHTS Turkey’s manufacturing PMI at 26 month low, summer outlook positive Atilla YeşiladaPosted on3 August, 2022 Manufacturing PMI hit the lowest level of last 26 months (since May 2020) and remained … Continue ReadingTurkey’s manufacturing PMI at 26 month low, summer outlook positive
Categories Economy HIGHLIGHTS Turkey’s 79% Inflation Drives Company Debt Into Distressed Zone Güldem AtabayPosted on2 August, 2022 Some of Turkey’s biggest companies are seeing their bonds enter distressed territory, as soaring inflation … Continue ReadingTurkey’s 79% Inflation Drives Company Debt Into Distressed Zone
Categories Economy HIGHLIGHTS Politics Putin, Erdogan to Discuss Ukraine, Grain on Friday, Kremlin Says Güldem AtabayPosted on2 August, 2022 Russian President Vladimir Putin will meet Turkish leader Recep Tayyip Erdogan for talks Friday including … Continue ReadingPutin, Erdogan to Discuss Ukraine, Grain on Friday, Kremlin Says
Categories Business Company & Industry Finance General HIGHLIGHTS Turkish Cargo becomes fourth among global air freight companies Cem CetingucPosted on2 August, 2022 The air cargo transportation operator of Turkish Airlines (THY), Turkish Cargo rose to rank fourth among … Continue ReadingTurkish Cargo becomes fourth among global air freight companies
Categories Company & Industry General HIGHLIGHTS Tech Turkey’s first electric car will be introduced to Europe in 2024 Cem CetingucPosted on2 August, 20222 August, 2022 Domestically produced electric vehicle Togg will hit the roads in Türkiye in the first quarter of 2023 … Continue ReadingTurkey’s first electric car will be introduced to Europe in 2024
Categories General HIGHLIGHTS Politics Grain deal was a ‘product’ of Turkish diplomacy: Erdoğan Cem CetingucPosted on2 August, 2022 Ukrainian grain exports deal signed between Türkiye, the U.N., Russia, and Ukraine was a “product” of Ankara’s diplomatic success, Turkish President Recep … Continue ReadingGrain deal was a ‘product’ of Turkish diplomacy: Erdoğan
Categories Economy HIGHLIGHTS Politics Murat Yetkin: Putin took a hold of Akkuyu NPP before Erdoğan’s visit Güldem AtabayPosted on1 August, 2022 Do you know what would have happened if Russia’s Rosatom, the Akkuyu Nuclear Power Plant’s … Continue ReadingMurat Yetkin: Putin took a hold of Akkuyu NPP before Erdoğan’s visit
Categories Business General HIGHLIGHTS HYPED Turkey confirms first shipment of Ukrainian grain lefts Ukraine Cem CetingucPosted on1 August, 20221 August, 2022 The first shipment of Ukrainian grain left the port of Odessa today under a deal … Continue ReadingTurkey confirms first shipment of Ukrainian grain lefts Ukraine
Categories Business Company & Industry General HIGHLIGHTS Rosatom gives nuclear plant construction deal to TSM Enerji Cem CetingucPosted on1 August, 2022 Russia’s state nuclear energy firm Rosatom has awarded TSM Enerji the contract to undertake the … Continue ReadingRosatom gives nuclear plant construction deal to TSM Enerji
Categories General HIGHLIGHTS Politics German Minister urged Turkey to respect human rights Cem CetingucPosted on1 August, 2022 German Foreign Minister Annalena Baerbock on Friday urged Turkey to respect human rights during a … Continue ReadingGerman Minister urged Turkey to respect human rights
