Categories General Sisecam acquires 60% of Ciner Group soda business for $450M Cem CetingucPosted on22 November, 2021 Turkish glassmaker Sisecam said on Saturday it would buy 60% of Ciner Group’s soda business … Continue ReadingSisecam acquires 60% of Ciner Group soda business for $450M
Categories General ‘Netflix series ‘The Club’ cast light on Jewish heritage of Turkey Cem CetingucPosted on22 November, 2021 About midway through the Netflix period drama series The Club, the fictional character Matilda Aseo, … Continue Reading‘Netflix series ‘The Club’ cast light on Jewish heritage of Turkey
Categories General Bitcoin rises in Turkey after President Erdogan’s increasingly authoritarian regime Cem CetingucPosted on22 November, 2021 Bitcoin trading volumes are rising in Turkey as the increasingly authoritarian government there goes diligently … Continue ReadingBitcoin rises in Turkey after President Erdogan’s increasingly authoritarian regime
Categories General Turkish band converts garbage into sound waves Cem CetingucPosted on22 November, 202122 November, 2021 Fungistanbul, a trio that began experimenting with a sound they call “Trash Oriental” in 2019, … Continue ReadingTurkish band converts garbage into sound waves
Categories General Macro Focus | CBRT: Expected cut with delayed announcement Cem CetingucPosted on22 November, 2021 CBRT cut the policy rate by 100bps to 15%, as expected. The announcement was made with … Continue ReadingMacro Focus | CBRT: Expected cut with delayed announcement
Categories General Politics Turkey Serbia relations at its peak, Interior Minister remarks Cem CetingucPosted on15 November, 2021 Serbia’s Interior Minister Aleksandar Vulin on Monday said that his country’s relations with Turkey are … Continue ReadingTurkey Serbia relations at its peak, Interior Minister remarks
Categories Economy General World Bank Vice President warned Turkey against outcomes of the inflation trend Cem CetingucPosted on15 November, 202115 November, 2021 World Bank Vice President for Europe and Central Asia Anna Bjerde welcomed the positive growth of Turkey’s … Continue ReadingWorld Bank Vice President warned Turkey against outcomes of the inflation trend
Categories Economy General School break revitalizes tourism sector in Turkey Cem CetingucPosted on15 November, 2021 Scores of people, especially students, are flocking to Turkey’s major holiday destinations, such as Antalya, Cappadocia and Lake Abant, … Continue ReadingSchool break revitalizes tourism sector in Turkey
Categories Company & Industry Markets Turkish motor vehicle production decreased 28% YoY in October Cem CetingucPosted on15 November, 2021 Automakers in Turkey produced 108,078 vehicles in October, including automobiles and commercial vehicles, according to … Continue ReadingTurkish motor vehicle production decreased 28% YoY in October
Categories General Politics Tech Russia proposes Turkey aid for new-gen fighter jets Cem CetingucPosted on15 November, 2021 Russia is in talks with Turkey and has offered its help in developing advanced fighter … Continue ReadingRussia proposes Turkey aid for new-gen fighter jets
Categories Economy HIGHLIGHTS Macro Focus: In 10M21, only 1/3 of the budget deficit target completed Cem CetingucPosted on15 November, 2021 In October, budget gave a deficit of TRY17.4bn (Oct.20: TRY-4.9bn, Sep.21: TRY-23.6bn). Despite, there was no … Continue ReadingMacro Focus: In 10M21, only 1/3 of the budget deficit target completed
Categories Company & Industry Finance TUPRS TI | Downgrade to Hold: Low season Cem CetingucPosted on15 November, 2021 Strong rally: Tupras’ share price has rallied 45% in USD terms (vs. a c.5% gain … Continue ReadingTUPRS TI | Downgrade to Hold: Low season
Categories Business Company & Industry Getir poised to buy discount market chain Cem CetingucPosted on14 November, 2021 Turkish fast grocery-delivery company Getir has signed a non-binding deal to buy shares of Sok … Continue ReadingGetir poised to buy discount market chain
Categories Economy General Hefty increase in minimum wage is expected in Turkey Cem CetingucPosted on12 November, 202112 November, 2021 Gizem Öztok Altınsaç, Chief Economist of the Turkish Industrialists’ and Businessmen’s Association (TÜSİAD), said she … Continue ReadingHefty increase in minimum wage is expected in Turkey
Categories Economy Finance Macro Focus: High single or double digit level of economic growth probable in 3Q21 Cem CetingucPosted on12 November, 2021 In September, IP decreased by 1.5% MoM, but increased by 8.9% YoY. According to the consensus, … Continue ReadingMacro Focus: High single or double digit level of economic growth probable in 3Q21
Categories Economy Finance Macro Focus: CA surplus continued for the second month in a row Cem CetingucPosted on12 November, 2021 In September, the CA posted a monthly surplus of USD1.7bn (Consensus: USD +1.3bn, YF: USD … Continue ReadingMacro Focus: CA surplus continued for the second month in a row
Categories General HIGHLIGHTS Study traces roots of Japanese, Korean and Turkish back to farmers in China 9000 years ago Cem CetingucPosted on12 November, 202112 November, 2021 A study combining linguistic, genetic and archaeological evidence has traced the origins of the family … Continue ReadingStudy traces roots of Japanese, Korean and Turkish back to farmers in China 9000 years ago
Categories Economy General Deutsche Bank predicts Turkey will cut rates to 14% by year-end Cem CetingucPosted on12 November, 2021 Deutsche Bank said it now expected Turkey’s central bank (CBT) to reduce interest rates faster … Continue ReadingDeutsche Bank predicts Turkey will cut rates to 14% by year-end
Categories Company & Industry General Politics THY faces EU ban for ferrying migrants Cem CetingucPosted on11 November, 2021 Turkish Airlines and FlyDubai could be banned in the EU for flying migrants to Belarus … Continue ReadingTHY faces EU ban for ferrying migrants
Categories General Energy countdown starts for Turkey Cem CetingucPosted on11 November, 2021 Turkey will soon announce an additional and significant amount of natural gas discovered in the … Continue ReadingEnergy countdown starts for Turkey
