Categories Economy HIGHLIGHTS Turkey’s current-account deficit widens in May Güldem AtabayPosted on11 July, 2023 The current-account deficit in Turkey soared to $7.93 billion in May, compared with a $5.40 … Continue ReadingTurkey’s current-account deficit widens in May
Categories Economy HIGHLIGHTS More tax hikes in Turkey, revenues falling short of the civil servant wage hike bill Güldem AtabayPosted on7 July, 20237 July, 2023 Turkey woke up to a wave of price increases on the last day of the … Continue ReadingMore tax hikes in Turkey, revenues falling short of the civil servant wage hike bill
Categories Economy HIGHLIGHTS Politics New report presents Turkey as a transit country for narcotics Güldem AtabayPosted on6 July, 2023 According to a new report, Turkey is a transit country for drug trafficking and a … Continue ReadingNew report presents Turkey as a transit country for narcotics
Categories Economy HIGHLIGHTS Turkey to raise corporate tax to fund earthquake rebuilding, shifts treasury-run portion of the forex-protected lira deposit accounts to CBRT Güldem AtabayPosted on5 July, 2023 A draft law proposes to raise corporate taxes from 20% to 25% and to fund … Continue ReadingTurkey to raise corporate tax to fund earthquake rebuilding, shifts treasury-run portion of the forex-protected lira deposit accounts to CBRT
Categories Economy HIGHLIGHTS Turkey’s inflation hits 38.2% in June amidst Lira’s depreciation Güldem AtabayPosted on5 July, 2023 Core inflation, which excludes volatile items, witnessed an annual increase of 47.3%, up from 46.6% … Continue ReadingTurkey’s inflation hits 38.2% in June amidst Lira’s depreciation
Categories HIGHLIGHTS Politics Erdogan to visit UAE to boost economic investments Güldem AtabayPosted on4 July, 2023 Reports said last week that Turkey was considering to sell public assets like Turkish Airlines, … Continue ReadingErdogan to visit UAE to boost economic investments
Categories HIGHLIGHTS Politics Egypt, Turkey appoint ambassadors to strengthen diplomatic relations Güldem AtabayPosted on4 July, 2023 The move comes after consultations between the foreign ministries of both countries, signaling a desire … Continue ReadingEgypt, Turkey appoint ambassadors to strengthen diplomatic relations
Categories HIGHLIGHTS Politics Erdogan signals Turkey isn’t ready to ratify Sweden NATO membership, saying there’s more work to do Güldem AtabayPosted on4 July, 2023 Turkish President Recep Tayyip Erdogan signaled Monday that his country is not ready to ratify … Continue ReadingErdogan signals Turkey isn’t ready to ratify Sweden NATO membership, saying there’s more work to do
Categories Economy Finance HIGHLIGHTS Markets Central Bank promises further gradual tightening and simplification of rules Güldem AtabayPosted on3 July, 2023 Following the change of the CBRT Governor, the minutes of the 650 basis point rate … Continue ReadingCentral Bank promises further gradual tightening and simplification of rules
Categories Economy HIGHLIGHTS June PMI: Output growth at near two-year high, inflationary forces reaccelarate Güldem AtabayPosted on3 July, 2023 Turkish manufacturers continued to expand production at the end of the second quarter of the … Continue ReadingJune PMI: Output growth at near two-year high, inflationary forces reaccelarate
Categories Economy HIGHLIGHTS Inflation Research Group (ENAG), founded by a group of independent academics calculate June inflation as 108,6 percent Güldem AtabayPosted on3 July, 2023 According to unofficial data from the ENAG Inflation Research Group, an independent institution set up … Continue ReadingInflation Research Group (ENAG), founded by a group of independent academics calculate June inflation as 108,6 percent
Categories Economy HIGHLIGHTS Turkish State Banks Resume Supporting Lira as Rout Deepens Güldem AtabayPosted on3 July, 2023 As reported by Bloomberg, according to traders Turkey’s state-run lenders re-entered the foreign-currency market on Monday … Continue ReadingTurkish State Banks Resume Supporting Lira as Rout Deepens
Categories Economy HIGHLIGHTS Prof. Hakan Kara: Turkey still has a long road back to financial normalcy Güldem AtabayPosted on3 July, 2023 Is Turkey’s experiment with unconventional monetary policy over? Some signs suggest it may be. Since … Continue ReadingProf. Hakan Kara: Turkey still has a long road back to financial normalcy
Categories Economy HIGHLIGHTS Prof. Demiralp: Turkey’s Economic U-Turn? Güldem AtabayPosted on2 July, 2023 Turkey’s central bank has finally ended its era of easy monetary policy, which had reflected … Continue ReadingProf. Demiralp: Turkey’s Economic U-Turn?
Categories Economy HIGHLIGHTS World Bank approves one-billion-dollar financing for Turkey’s earthquake reconstruction Güldem AtabayPosted on1 July, 2023 The World Bank has announced its approval of 1 billion US dollars in financing to … Continue ReadingWorld Bank approves one-billion-dollar financing for Turkey’s earthquake reconstruction
Categories Economy HIGHLIGHTS Politics Report: Turkish drug lords control 20% of Middle East cocaine market Güldem AtabayPosted on1 July, 2023 A study by Insight Crime suggests that Turkish drug traffickers, known for their involvement in … Continue ReadingReport: Turkish drug lords control 20% of Middle East cocaine market
Categories Economy HIGHLIGHTS Retail prices in Istanbul surge by 3.46% in June Güldem AtabayPosted on1 July, 2023 The annual change rate in Istanbul was 55.19% for retail prices and 64.27% for wholesale … Continue ReadingRetail prices in Istanbul surge by 3.46% in June
