Categories Economy General HIGHLIGHTS Politics CHP: Wisdom can solve Turkey’s problems Cem CetingucPosted on22 December, 2021 The economic problems of Turkey can be resolved with wisdom and science, the leader of the Republican … Continue ReadingCHP: Wisdom can solve Turkey’s problems
Categories Economy General HIGHLIGHTS Foreigner shopping craze in Turkey due to Turkish Lira crash Cem CetingucPosted on22 December, 202122 December, 2021 The sea of Bulgarian buses parked outside a market in Turkey’s historic city of Edirne … Continue ReadingForeigner shopping craze in Turkey due to Turkish Lira crash
Categories Economy Finance HIGHLIGHTS Macro Snapshot: Consumer Confidence Index Cem CetingucPosted on22 December, 2021 In December, CCI decreased by 3.1% MoM to 68.9 (November: 71.1) which was the lowest … Continue ReadingMacro Snapshot: Consumer Confidence Index
Categories Company & Industry HIGHLIGHTS Markets Oil prices decrease as global demand lowers Cem CetingucPosted on20 December, 2021 Global oil prices fell on Monday fueled by concerns of rising omicron variant cases worldwide, … Continue ReadingOil prices decrease as global demand lowers
Categories Economy HIGHLIGHTS Politics Kılıçdaroğlu promises economy will recover, if elected Cem CetingucPosted on20 December, 2021 The leader of the main opposition party, Kemal Kılıçdaroğlu, has reiterated his vow to recover the … Continue ReadingKılıçdaroğlu promises economy will recover, if elected
Categories General HIGHLIGHTS Politics President Erdoğan: “Sooner or later inflation will fall” Cem CetingucPosted on20 December, 202120 December, 2021 President Recep Tayyip Erdoğan vowed on Dec. 19 to rein in inflation and reinstated his … Continue ReadingPresident Erdoğan: “Sooner or later inflation will fall”
Categories General HIGHLIGHTS Politics Deputy Interior Minister: Turkey hosts over 5 million migrants Cem CetingucPosted on20 December, 2021 Turkey hosts over 5 million migrants from 190 different backgrounds, Deputy Interior Minister Ismail Çataklı … Continue ReadingDeputy Interior Minister: Turkey hosts over 5 million migrants
Categories Economy Finance General HIGHLIGHTS Feeding the fire? Turkish restaurants jack up prices to cover wage hike Cem CetingucPosted on20 December, 2021 Restaurants and other businesses in Turkey’s service sector say they will jack up prices next … Continue ReadingFeeding the fire? Turkish restaurants jack up prices to cover wage hike
Categories Economy Finance General HIGHLIGHTS Markets Bitcoin skyrockets after Fed’s rate hike signal Cem CetingucPosted on17 December, 2021 Bitcoin jumped in value late Wednesday after the Federal Reserve (Fed) kept the policy rate … Continue ReadingBitcoin skyrockets after Fed’s rate hike signal
Categories Business General HIGHLIGHTS President Erdoğan and Elon Musk chew over investment opportunities Cem CetingucPosted on17 December, 202117 December, 2021 President Recep Tayyip Erdoğan and the founder of Tesla and space entrepreneur Elon Musk held … Continue ReadingPresident Erdoğan and Elon Musk chew over investment opportunities
Categories Business Company & Industry Economy Finance HIGHLIGHTS The liquidity threat looming over markets in 2022 Cem CetingucPosted on17 December, 2021 After nearly two years of solid gains across stock markets, will the feared roller-coaster return? … Continue ReadingThe liquidity threat looming over markets in 2022
Categories Economy Finance HIGHLIGHTS Politics UPDATE (TL slump) CBRT cuts interest rates by 100 basis points Cem CetingucPosted on16 December, 202117 December, 2021 AP: Turkish lira dips to new low after another interest rate cut The Turkish lira hit … Continue ReadingUPDATE (TL slump) CBRT cuts interest rates by 100 basis points
Categories Economy General HIGHLIGHTS Turkish minimum wage increases 50 percent to TL4,250 Cem CetingucPosted on16 December, 202116 December, 2021 Turkey has increased minimum wage to 4,250 Turkish Liras, President Recep Tayyip Erdoğan announced on Dec. 16. urkey’s … Continue ReadingTurkish minimum wage increases 50 percent to TL4,250
Categories Economy Finance HIGHLIGHTS Markets IMF reminds interest rate risks as global debt rises to $226 trillion Cem CetingucPosted on16 December, 2021 Global debt surged to $226 trillion last year, its biggest one-year jump since World War … Continue ReadingIMF reminds interest rate risks as global debt rises to $226 trillion
Categories Economy Finance HIGHLIGHTS Macro Snapshot: Outstanding External Loans Received by Private Sector Cem CetingucPosted on16 December, 2021 In October, private sectors’ outstanding ST debt (included trade credits) increased by USD6.4bn to USD48.6bn … Continue ReadingMacro Snapshot: Outstanding External Loans Received by Private Sector
Categories General HIGHLIGHTS Politics Defense Minister Akar: Turks and Kurds are brothers Cem CetingucPosted on15 December, 2021 Defense Minister Hulusi Akar on Dec. 14 emphasized that those who want to cause strife and unrest … Continue ReadingDefense Minister Akar: Turks and Kurds are brothers
Categories General 28 scammers arrested for mass export fraud in Turkey Cem CetingucPosted on14 December, 2021 Police in Istanbul and six other provinces arrested 28 suspects on Monday in an operation … Continue Reading28 scammers arrested for mass export fraud in Turkey
Categories General HIGHLIGHTS Politics Turkey says Serb move to start quitting Bosnia’s key institutions “dangerous” Cem CetingucPosted on14 December, 2021 A vote by Serb lawmakers to start pulling their autonomous Serb Republic out of Bosnia’s … Continue ReadingTurkey says Serb move to start quitting Bosnia’s key institutions “dangerous”
Categories General HIGHLIGHTS Politics Turkish foreign minister: Turkey and Armenia shows efforts to normalize their ties Cem CetingucPosted on14 December, 202114 December, 2021 Turkey and Armenia will appoint special representatives to discuss steps to normalize their ties, Turkey’s … Continue ReadingTurkish foreign minister: Turkey and Armenia shows efforts to normalize their ties
Categories Economy General HIGHLIGHTS Turkish Lira plummets, brings doom to Northern Syria Cem CetingucPosted on14 December, 2021 Mohammed al-Debek, a schoolteacher in northern Syria, is on strike: the currency devaluation in neighbouring … Continue ReadingTurkish Lira plummets, brings doom to Northern Syria
