Categories Company & Industry Economy Macro Snapshot: Manufacturing PMI, September 2021 Cem CetingucPosted on4 October, 2021 Manufacturing PMI was 52.5 (Prior: 54.1) in September and 53.5 in (2Q21: 50,3, 3Q21: 54,7). … Continue ReadingMacro Snapshot: Manufacturing PMI, September 2021
Categories Business Economy Karpowership cuts off electricity to Lebanon amid crisis Cem CetingucPosted on3 October, 20213 October, 2021 A Turkish company supplying electricity to Lebanon from two power barges off the coast of … Continue ReadingKarpowership cuts off electricity to Lebanon amid crisis
Categories Business Politics New NG deal with Azerbaijan “temporary” Cem CetingucPosted on1 October, 2021 After almost a year of intense negotiations, Azerbaijan and Turkey have finally concluded a new … Continue ReadingNew NG deal with Azerbaijan “temporary”
Categories Business General EBDR loans $582 M to Turkish companies Cem CetingucPosted on1 October, 2021 Green investments and energy efficiency projects in Turkey are getting a major boost as Europe’s … Continue ReadingEBDR loans $582 M to Turkish companies
Categories General Politics Bahçeli holds Biden accountable for Turkey-US tention Cem CetingucPosted on1 October, 2021 Turkey and the United States fell apart in bilateral dialogue, their ties have come to a … Continue ReadingBahçeli holds Biden accountable for Turkey-US tention
Categories Economy Macro Snapshot: Foreign Trade Statistics Cem CetingucPosted on1 October, 2021 Foreign trade deficit decreased by 32.4% YoY to US4.3bn in August and decreased by 4.2% … Continue ReadingMacro Snapshot: Foreign Trade Statistics
Categories Business Company & Industry Company Update – ARCLK: Fortune favors Arcelik Cem CetingucPosted on1 October, 20211 October, 2021 Strong demand outlook continues in main markets After the significant rebound in 2H20, white goods … Continue ReadingCompany Update – ARCLK: Fortune favors Arcelik
Categories Economy General Economic absurdity of Erdogan Cem CetingucPosted on29 September, 2021 Turkish President Recep Erdogan’s pride in his country’s recent interest rate cut calls to mind the apocryphal story … Continue ReadingEconomic absurdity of Erdogan
Categories Politics Russia and Turkey: Partners or rivals? Cem CetingucPosted on29 September, 2021 Turkey’s defence purchases from Russia have alarmed Ankara’s NATO partners but the two countries remain … Continue ReadingRussia and Turkey: Partners or rivals?
Categories Economy EM outlook for 4Q Cem CetingucPosted on29 September, 2021 The pace of vaccine rollouts has accelerated in core emerging markets (EMs) in the past … Continue ReadingEM outlook for 4Q
Categories Economy S&P boosts Turkey GDP forecast Cem CetingucPosted on29 September, 2021 International credit rating agency Standard & Poor’s (S&P) raised its gross domestic product growth forecast for Turkey to … Continue ReadingS&P boosts Turkey GDP forecast
Categories Economy General CBRT governor remarks… Cem CetingucPosted on29 September, 2021 The governor of the Turkish central bank on Tuesday said he expects pricing behavior to … Continue ReadingCBRT governor remarks…
Categories General HIGHLIGHTS Afghan banks near collapse Cem CetingucPosted on29 September, 2021 The re-emergence of Taliban rule has triggered the departure of thousands of highly skilled Afghans … Continue ReadingAfghan banks near collapse
Categories Company & Industry Company Outlook : TOASO Cem CetingucPosted on29 September, 2021 Domestic demand outlook There is a big supply-demand imbalance in the Turkish market currently driven … Continue ReadingCompany Outlook : TOASO
Categories Business Economy EM Europe food retailers : Inflation driving a discounter market Cem CetingucPosted on29 September, 2021 Inflation takes-over higher base effect: Higher food Inflation is a key theme currently playing out … Continue ReadingEM Europe food retailers : Inflation driving a discounter market
Categories General Politics Refugee sentiment turns ugly in Turkey Cem CetingucPosted on27 September, 2021 Fatima Alzahra Shon thinks neighbors attacked her and her son in their Istanbul apartment building … Continue ReadingRefugee sentiment turns ugly in Turkey
Categories General Politics On the eve of summit, Russia escalates raids on Idlib Cem CetingucPosted on27 September, 2021 Turkey sent reinforcements to the last rebel-held enclave in northwestern Syria as Russia stepped up … Continue ReadingOn the eve of summit, Russia escalates raids on Idlib
Categories Company & Industry Finance Fitch Ratings: Turkish banks have enough FC liquidity Cem CetingucPosted on27 September, 2021 Turkey’s seven largest banks have sufficient short-term foreign currency (FC) liquidity to service FC debt during the … Continue ReadingFitch Ratings: Turkish banks have enough FC liquidity
Categories Business HIGHLIGHTS Turkish hotels are on the verge of bankruptcy Cem CetingucPosted on27 September, 2021 Turkish hotels are heavily indebted and need “serious support” paying back their loans as they … Continue ReadingTurkish hotels are on the verge of bankruptcy
Categories Politics TRNC rejects formal talks until equal status accepted Cem CetingucPosted on24 September, 202124 September, 2021 The Turkish Republic of Northern Cyprus (TRNC) on Thursday demanded that the leader of the … Continue ReadingTRNC rejects formal talks until equal status accepted
