Categories Economy HIGHLIGHTS Turkish Central Bank implements quantitative tightening as new regulations take effect Güldem AtabayPosted on25 July, 2023 The Turkish Central Bank has implemented “quantitative tightening” measures, including new regulations exempting export and … Continue ReadingTurkish Central Bank implements quantitative tightening as new regulations take effect
Categories Economy HIGHLIGHTS Turkey’s central bank raises interest rate less than expected, to 17.5% Güldem AtabayPosted on21 July, 2023 Turkey’s central bank on Thursday hiked its key interest rate by 250 basis points to … Continue ReadingTurkey’s central bank raises interest rate less than expected, to 17.5%
Categories Economy HIGHLIGHTS Turkey: Price of fuel climbs up by over 20% after increase in taxes Güldem AtabayPosted on17 July, 2023 In a flurry of tax hikes, the price of gasoline, diesel oil and natural gas … Continue ReadingTurkey: Price of fuel climbs up by over 20% after increase in taxes
Categories Economy HIGHLIGHTS Turkish budget deficit soars to $8.37 billion, Finance Minister calls for cost-saving measures Güldem AtabayPosted on17 July, 2023 Turkish Finance Minister Mehmet Simsek has implemented measures to address the widening budget deficit, including … Continue ReadingTurkish budget deficit soars to $8.37 billion, Finance Minister calls for cost-saving measures
Categories Economy HIGHLIGHTS Tim Ash: Turkey economic outlook- A game of jenga Güldem AtabayPosted on17 July, 2023 I spent the week in Turkey, visiting Istanbul and Ankara, meeting the usual mix of … Continue ReadingTim Ash: Turkey economic outlook- A game of jenga
Categories Economy General HIGHLIGHTS FT: Turkey triples petrol taxes as Erdoğan tries to repair public finances Güldem AtabayPosted on17 July, 2023 Measure prompts concerns over higher inflation after increases in value added tax. Turkey has tripled … Continue ReadingFT: Turkey triples petrol taxes as Erdoğan tries to repair public finances
Categories Business Company & Industry HIGHLIGHTS Markets HSBC International Turkish stock 2Q2023 earnings preview Atilla YeşiladaPosted on15 July, 2023 We present our Q2 2023 forecasts for Turkish companies under our coverage.. We expect … Continue ReadingHSBC International Turkish stock 2Q2023 earnings preview
Categories Economy HIGHLIGHTS Journalist claims Erdogan already frustrated by Mehmet Simsek Atilla YeşiladaPosted on15 July, 2023 It is alleged that President Erdoğan listened quietly in his meetings with the economy team, … Continue ReadingJournalist claims Erdogan already frustrated by Mehmet Simsek
Categories General HYPED Alec Soltes: Is there a way for EU to incentivize Turkey for democratic reform without compromising key principles? Atilla YeşiladaPosted on15 July, 2023 On July 10th, 2023, Turkey President Recep Tayyip Erdogan announced that his country would support … Continue ReadingAlec Soltes: Is there a way for EU to incentivize Turkey for democratic reform without compromising key principles?
Categories General HYPED How genuine is Erdogan’s new-found keeness for the Western alliance? Atilla YeşiladaPosted on15 July, 2023 In just the last week, Erdogan has dropped his opposition to Sweden joining the North … Continue ReadingHow genuine is Erdogan’s new-found keeness for the Western alliance?
Categories Economy HIGHLIGHTS Politics Sweden’s Supreme Court rules against extradition of two Turkish citizens Güldem AtabayPosted on14 July, 2023 Downloading and using a mobile application do not equate to participation in a terrorist organization, … Continue ReadingSweden’s Supreme Court rules against extradition of two Turkish citizens
Categories HIGHLIGHTS Politics Court of Cassation rejects release of Can Atalay Güldem AtabayPosted on14 July, 2023 Article 83 of the Constitution states that “An MP who is alleged to have committed … Continue ReadingCourt of Cassation rejects release of Can Atalay
Categories Economy HIGHLIGHTS Housing sales plunge by 44.4% in Turkey as market faces steep decline Güldem AtabayPosted on14 July, 2023 A total of 83,636 units sold in June in Turkey, while mortgage-based sales and second-hand … Continue ReadingHousing sales plunge by 44.4% in Turkey as market faces steep decline
Categories Business Economy HIGHLIGHTS Could Erdoganomics spread across EM? Atilla YeşiladaPosted on12 July, 2023 Turkey’s economy does not obviously inspire emulation. Over the past five years it has been … Continue ReadingCould Erdoganomics spread across EM?
Categories Business HIGHLIGHTS CNBC.com: EU not ready to embrace Turkey Atilla YeşiladaPosted on12 July, 2023 President Recep Tayyip Erdoğan renewed his country’s bid to become a member of the European … Continue ReadingCNBC.com: EU not ready to embrace Turkey
Categories General HIGHLIGHTS Reuters: Erdogan may be inching back to Western Alliance Atilla YeşiladaPosted on12 July, 2023 After pivoting Turkey away from Western allies, President Tayyip Erdogan has changed tack with moves … Continue ReadingReuters: Erdogan may be inching back to Western Alliance
Categories Economy HIGHLIGHTS Politics Turkish finance minister, c. bank chief to visit Saudi Arabia ahead of Erdogan visit Güldem AtabayPosted on12 July, 2023 Turkey’s finance minister and central bank governor will travel to Saudi Arabia on Wednesday to meet … Continue ReadingTurkish finance minister, c. bank chief to visit Saudi Arabia ahead of Erdogan visit
Categories HIGHLIGHTS Politics Murat Yetkin: What did Türkiye gain by Erdoğan’s ok to Sweden Güldem AtabayPosted on11 July, 2023 President Tayyip Erdoğan left Türkiye on July 10 to attend NATO Summit in Lithuania saying, … Continue ReadingMurat Yetkin: What did Türkiye gain by Erdoğan’s ok to Sweden
Categories HIGHLIGHTS Politics Peskov: We hope Turkey’s relationship with Ukraine will not be aimed against us Güldem AtabayPosted on11 July, 2023 Kremlin spokesman has described relations between Russia and Turkey as “quite close” and “mutually beneficial” … Continue ReadingPeskov: We hope Turkey’s relationship with Ukraine will not be aimed against us
Categories Economy HIGHLIGHTS Politics Turkey approves Sweeden’s NATO access, Biden to move forward with the sale of F-16 fighter jets to Turkey Güldem AtabayPosted on11 July, 2023 NATO chief has announced after a trilateral meeting in Vilnius that Turkish President Erdogan has … Continue ReadingTurkey approves Sweeden’s NATO access, Biden to move forward with the sale of F-16 fighter jets to Turkey
