Categories Economy HIGHLIGHTS Turkey: Only 22.8 million of the 65.9 million people who can work are in formal, full-time employment! Güldem AtabayPosted on19 August, 2024 Turkish Statistical Institute’s (TurkStat) Household Labor Force Survey (HLFS) for the 2nd quarter of 2024 … Continue ReadingTurkey: Only 22.8 million of the 65.9 million people who can work are in formal, full-time employment!
Categories HIGHLIGHTS Politics Turkish politics/Murat Yetkin: Erdoğan is President but Bahçeli’s shadow is enough – What MHP says goes Güldem AtabayPosted on19 August, 2024 “The AK Party did what was necessary even without the Nationalist Movement Party”. MHP leader … Continue ReadingTurkish politics/Murat Yetkin: Erdoğan is President but Bahçeli’s shadow is enough – What MHP says goes
Categories Economy HIGHLIGHTS Turkey: Alarming increase in concordat declarations Güldem AtabayPosted on19 August, 2024 There is a serious increase in the number of companies declaring concordat in Turkey. The … Continue ReadingTurkey: Alarming increase in concordat declarations
Categories Economy HIGHLIGHTS Challenges to economic outlook mount despite Simsek’s efforts Cem CetingucPosted on19 August, 202419 August, 2024 The Turkish economy is currently grappling with significant inflation challenges, forcing adjustments from both authorities … Continue ReadingChallenges to economic outlook mount despite Simsek’s efforts
Categories Economy General HIGHLIGHTS Surge in internal migration as Istanbul faces significant population decline Cem CetingucPosted on19 August, 2024 Istanbul and Ankara saw the highest levels of both incoming and outgoing migration last year. … Continue ReadingSurge in internal migration as Istanbul faces significant population decline
Categories HIGHLIGHTS Politics Violent clash in Parliament undermines democratic values Cem CetingucPosted on19 August, 2024 Dozens of lawmakers became embroiled in a fisticuffs brawl in Turkey’s parliament on Friday as … Continue ReadingViolent clash in Parliament undermines democratic values
Categories Company & Industry HIGHLIGHTS Akbank: Upgrade to Buy: Margins turning the corner Cem CetingucPosted on19 August, 2024 Recent pullback provides an attractive entry point: We expect Akbank’s NIM to enter an upcycle … Continue ReadingAkbank: Upgrade to Buy: Margins turning the corner
Categories HIGHLIGHTS Markets Why are Turkish stocks slumping, while EM rally accelerates? Atilla YeşiladaPosted on18 August, 2024 Emerging-market stocks rallied on Friday, driven by tech companies in Asia, following U.S. data which … Continue ReadingWhy are Turkish stocks slumping, while EM rally accelerates?
Categories General HIGHLIGHTS Turkish Defense Minister: Assad is making peace difficult Atilla YeşiladaPosted on18 August, 2024 Ankara’s efforts to make peace with Assad regime has run aground, despite the best efforts … Continue ReadingTurkish Defense Minister: Assad is making peace difficult
Categories General HIGHLIGHTS Istanbul residents are deadly afraid of the second Marmara Quake, and rightly so Atilla YeşiladaPosted on18 August, 2024 In the 25th anniversary of the grand tremor that hit Marmara Sea, causing massive damage … Continue ReadingIstanbul residents are deadly afraid of the second Marmara Quake, and rightly so
Categories Finance HYPED Weekly banking data: CB reserves decline, FX deposits increase, foreign investors sell TL assets Atilla YeşiladaPosted on18 August, 2024 In the week of August 9, the USD4.6 billion decrease in the CBRT’s net FX … Continue ReadingWeekly banking data: CB reserves decline, FX deposits increase, foreign investors sell TL assets
Categories General HIGHLIGHTS Politics UPDATE: Three polls, one conclusion: People are sick and tired of AK Party Atilla YeşiladaPosted on18 August, 202418 August, 2024 Cover photo: AK Party’s logo is a light bulb Three polls by Metropoll, ORC and … Continue ReadingUPDATE: Three polls, one conclusion: People are sick and tired of AK Party
Categories Economy HYPED ANAYSIS: July budget deficit is worse than meets the eye Atilla YeşiladaPosted on16 August, 2024 The central government budget posted a TL97bn deficit in July, while the 12-month rolling … Continue ReadingANAYSIS: July budget deficit is worse than meets the eye
Categories Economy HIGHLIGHTS ANALYSIS: Consumer confidence slips sharply in August, economic slow-down gains pace Atilla YeşiladaPosted on16 August, 2024 Turkey’s one and only private sector consumer confidence measures dropped for a second month in … Continue ReadingANALYSIS: Consumer confidence slips sharply in August, economic slow-down gains pace
Categories Company & Industry HIGHLIGHTS Markets TURKEY equity strategy: Waiting for rate cuts Atilla YeşiladaPosted on16 August, 2024 Investors are trying to gauge when the macro policies will bare fruit and the timing … Continue ReadingTURKEY equity strategy: Waiting for rate cuts
Categories Atilla Yeşilada HIGHLIGHTS Politics Atilla Yesilada video: President Erdogan panics, as his party melts in polls Atilla YeşiladaPosted on16 August, 2024 Erdogan’s AK Party (AKP) has lost the lead to main opposition party CHP … Continue ReadingAtilla Yesilada video: President Erdogan panics, as his party melts in polls
Categories General HIGHLIGHTS Politics Turkey, Iraq to establish two military centers for counterterrorism efforts Cem CetingucPosted on16 August, 2024 Türkiye and Iraq have signed a landmark agreement on military and security issues, which includes establishing two military … Continue ReadingTurkey, Iraq to establish two military centers for counterterrorism efforts
Categories General HIGHLIGHTS Turkey records hottest July in 53 Years amid rising temperatures Cem CetingucPosted on16 August, 2024 The highest temperature was recorded at 45.9 degrees in the southeastern Şırnak province. Turkey recorded … Continue ReadingTurkey records hottest July in 53 Years amid rising temperatures
Categories Company & Industry HIGHLIGHTS Turkey achieves milestone with five defense firms in global top 100 Cem CetingucPosted on16 August, 2024 If anything, the inclusion of as many as five Turkish firms in this year’s list … Continue ReadingTurkey achieves milestone with five defense firms in global top 100
Categories General HIGHLIGHTS Public outcry in Turkey over new 15USD fee aimed at reducing foreign tourism spending Cem CetingucPosted on16 August, 2024 Turkey has increased the departure fee for Turkish citizens flying to international destinations by 233 percent … Continue ReadingPublic outcry in Turkey over new 15USD fee aimed at reducing foreign tourism spending
