Categories Business Company & Industry Emerging Markets HIGHLIGHTS Markets Getir is taking over the European market Cem CetingucPosted on13 January, 202313 January, 2023 FIVE YEARS AGO, investors wouldn’t return Nazim Salur’s calls. Now his company, Getir, is the biggest … Continue ReadingGetir is taking over the European market
Categories Economy General HIGHLIGHTS Living conditions worsen due to inflation in Turkey despite pay hikes Cem CetingucPosted on13 January, 2023 The government announced a 55-per cent increase in the official minimum wage for 2023 to … Continue ReadingLiving conditions worsen due to inflation in Turkey despite pay hikes
Categories General HIGHLIGHTS Politics Outzen: “Serious Problems await between US/Turkey” Cem CetingucPosted on13 January, 2023 Rich Outzen ,Senior Consultant – Dragoman LLC, stated that the bilateral relations between Turkey and … Continue ReadingOutzen: “Serious Problems await between US/Turkey”
Categories General HIGHLIGHTS Politics End of Erdogan’s reign: 2023 elections are here Cem CetingucPosted on13 January, 2023 Both the world and Turkey are struggling with crises. Global clashes of politics, economics and … Continue ReadingEnd of Erdogan’s reign: 2023 elections are here
Categories Emerging Markets General HIGHLIGHTS Politics Turkey’s hydrocarbon exploration deal suspended by Libyan court Cem CetingucPosted on13 January, 2023 The Court of Appeal in Tripoli has decreed on Tuesday the temporary suspension of the controversial … Continue ReadingTurkey’s hydrocarbon exploration deal suspended by Libyan court
Categories Business Company & Industry HIGHLIGHTS Ford/LG partner up to build new battery plant in Turkey Cem CetingucPosted on13 January, 202313 January, 2023 The factory is slated to start operation as soon as 2025 with an annual capacity … Continue ReadingFord/LG partner up to build new battery plant in Turkey
Categories Economy HIGHLIGHTS Despite soaring current account deficit, Central Bank FX reserves continue to increase Atilla YeşiladaPosted on12 January, 2023 Cover chart in Turkish: Annualized current account deficits November’s balance of payments data show … Continue ReadingDespite soaring current account deficit, Central Bank FX reserves continue to increase
Categories Finance HIGHLIGHTS Markets Main opposition leader joins the equity sell-off debate Atilla YeşiladaPosted on12 January, 2023 After days of gut-wrenching sales, Turkey’s volatile but lucrative stock exchange main index appreciated more … Continue ReadingMain opposition leader joins the equity sell-off debate
Categories Finance HIGHLIGHTS Markets Baris Soydan: Can currency stability last until the elections? Atilla YeşiladaPosted on12 January, 2023 “We stopped the rise in the exchange rate,” President Erdogan bragged yesterday. Has the weakness … Continue ReadingBaris Soydan: Can currency stability last until the elections?
Categories Emerging Markets HIGHLIGHTS First public call for a parallel rate to tackle the squeeze on businesses came from Turkish clothing manufacturers Güldem AtabayPosted on11 January, 2023 Turkish clothing manufacturers have asked the government for a special exchange rate they say is … Continue ReadingFirst public call for a parallel rate to tackle the squeeze on businesses came from Turkish clothing manufacturers
Categories General HIGHLIGHTS Turkish Stocks Extend World-Leading Slump Amid ‘Fear and Panic Güldem AtabayPosted on11 January, 2023 Turkish stocks tumbled, extending their 2023 slump, as panic selling deepened among local investors, triggering … Continue ReadingTurkish Stocks Extend World-Leading Slump Amid ‘Fear and Panic
Categories Business HIGHLIGHTS Textiles exporters rebel against strong TL Atilla YeşiladaPosted on11 January, 2023 Turkish clothing manufacturers have asked the government for a special exchange rate they say is … Continue ReadingTextiles exporters rebel against strong TL
Categories Business HIGHLIGHTS Erdogan invents new method to combat inflation: Grocery chains forced to fix prices Atilla YeşiladaPosted on11 January, 2023 Six supermarket chains in Turkey have announced that they fixed prices for thousands of products … Continue ReadingErdogan invents new method to combat inflation: Grocery chains forced to fix prices
Categories Economy Emerging Markets HIGHLIGHTS World Bank signals once a decade recession Atilla YeşiladaPosted on10 January, 202310 January, 2023 WASHINGTON — The global economy will come “perilously close” to a recession this year, led … Continue ReadingWorld Bank signals once a decade recession
Categories Company & Industry HIGHLIGHTS Markets Alibaba to invest 1 Billion dollars in Turkey Cem CetingucPosted on10 January, 202310 January, 2023 Chinese e-commerce giant Alibaba Group Holding Ltd is planning a logistics hub at Istanbul Airport … Continue ReadingAlibaba to invest 1 Billion dollars in Turkey
Categories General HIGHLIGHTS Politics Syrian protests against Turkish-Syrian reconciliation heat up Cem CetingucPosted on10 January, 202311 January, 2023 Thousands of Syrians held protests Friday in different parts of the rebel-held northwest against recent … Continue ReadingSyrian protests against Turkish-Syrian reconciliation heat up
Categories HIGHLIGHTS HYPED Politics Turkey’s Demands for NATO Bid is too much for Sweden: PM Cem CetingucPosted on10 January, 202310 January, 2023 Turkey, which has for months blocked NATO membership bids by Sweden and Finland, has made … Continue ReadingTurkey’s Demands for NATO Bid is too much for Sweden: PM
Categories HIGHLIGHTS HYPED Politics Turkey Greece relations eases after death of Greek DM’s mother Cem CetingucPosted on5 January, 2023 The death of the mother of Greek Defense Minister Nikolaos Panagiotopoulos opened a new channel of … Continue ReadingTurkey Greece relations eases after death of Greek DM’s mother
Categories General HIGHLIGHTS Politics Erdoğan to Putin: Syrian regime must take concrete steps for a political solution Cem CetingucPosted on5 January, 2023 Syrian regime must take concrete steps regarding the stalled process for a political solution to … Continue ReadingErdoğan to Putin: Syrian regime must take concrete steps for a political solution
Categories Company & Industry Economy General HIGHLIGHTS Turkish government announces low interest mortgages for mid-income citizens Cem CetingucPosted on4 January, 2023 Mortgages with lower rates and longer maturities will be offered to middle-income Turkish citizens looking … Continue ReadingTurkish government announces low interest mortgages for mid-income citizens
