Categories Economy HIGHLIGHTS Import prices rise drastically in Turkey amid pandemic Cem CetingucPosted on20 April, 2021 Hayriye Ustun strolled around her neighborhood marketplace looking for the best prices as she suffered … Continue ReadingImport prices rise drastically in Turkey amid pandemic
Categories Economy General HIGHLIGHTS Women’s employment plummets in Turkey during pandemic Cem CetingucPosted on20 April, 202120 April, 2021 The Economy Policy Research Foundation of Turkey (TEPAV) has released the 104th issue of its Employment Monitoring … Continue ReadingWomen’s employment plummets in Turkey during pandemic
Categories Company & Industry General Turkey’s immense offshore wind potential sits untouched Cem CetingucPosted on17 April, 2021 The Caspian Sea, the Black Sea, and the Eastern Mediterranean offer abundant areas with great … Continue ReadingTurkey’s immense offshore wind potential sits untouched
Categories Economy Markets China GDP very weak on QoQ basis Cem CetingucPosted on16 April, 2021 China’s economy grew by double digits in the latest quarter but an explosive rebound from … Continue ReadingChina GDP very weak on QoQ basis
Categories Economy General German Economic Institutes to cut 2021 GDP growth forecast Cem CetingucPosted on16 April, 2021 Germany’s economic institutes will cut their joint 2021 growth forecast for Europe’s largest economy to … Continue ReadingGerman Economic Institutes to cut 2021 GDP growth forecast
Categories Economy HIGHLIGHTS CBRT remains on hold but sounds more dovish than before Cem CetingucPosted on16 April, 2021 As widely expected, the CBRT kept its policy rate unchanged at 19.0%. Again as expected, … Continue ReadingCBRT remains on hold but sounds more dovish than before
Categories Economy General Politics Opposition asked Erdogan: Where is the 128 Billion dollars? Cem CetingucPosted on15 April, 202115 April, 2021 “Where is the $128 billion?” asked posters on billboards around Istanbul intended by Turkey’s main … Continue ReadingOpposition asked Erdogan: Where is the 128 Billion dollars?
Categories Company & Industry Politics Google gets fined by Turkish government for breaking competition law Cem CetingucPosted on15 April, 202115 April, 2021 Turkish authorities on Wednesday fined Google 296 million Turkish liras ($36.6 million) for violating the … Continue ReadingGoogle gets fined by Turkish government for breaking competition law
Categories General New Covid-19 cases in Turkey exceeds 62,000 Cem CetingucPosted on15 April, 2021 Turkey reported nearly 63,000 more coronavirus cases on Wednesday, its highest single-day figure since the … Continue ReadingNew Covid-19 cases in Turkey exceeds 62,000
Categories General Tech Turkey’s first air-to-air missile “Bozdogan” is a success Cem CetingucPosted on14 April, 202114 April, 2021 Air-to-air in-sight missile Bozdogan, developed in Goktug project, hit target with first shot, says Erdogan … Continue ReadingTurkey’s first air-to-air missile “Bozdogan” is a success
Categories Economy General Macro Focus: Recovery trend continues despite momentum loss Cem CetingucPosted on14 April, 202114 April, 2021 In February, IP increased by 0.1% MoM and 8.8% on a YoY. According to the consensus, … Continue ReadingMacro Focus: Recovery trend continues despite momentum loss
Categories Politics Russia tells TR not to supply weapons to Ukraine Cem CetingucPosted on13 April, 2021 Russia warned several countries, including Turkey, to stop supplying weapons to Kyiv, as tensions have … Continue ReadingRussia tells TR not to supply weapons to Ukraine
Categories Company & Industry Politics Halkbank seeks the end of U.S. prosecution due to Iran sanctions violations Cem CetingucPosted on13 April, 2021 A lawyer for Halkbank told a U.S. appeals court on Monday that the state-owned Turkish … Continue ReadingHalkbank seeks the end of U.S. prosecution due to Iran sanctions violations
Categories General Investors turn to Bitcoin after Turkey’s economic turmoil Cem CetingucPosted on13 April, 2021 The neighbourhood teahouse is a focus of daily life across Turkey, an Ottoman tradition that has … Continue ReadingInvestors turn to Bitcoin after Turkey’s economic turmoil
Categories Politics Turkish and US officials gather for Afghan peace process Cem CetingucPosted on13 April, 2021 Turkish Foreign Minister Mevlut Cavusoglu and US Secretary of State Antony Blinken discussed the Afghan … Continue ReadingTurkish and US officials gather for Afghan peace process
Categories Company & Industry General Company Update | PETKM TP revised up to TL7.50/share Cem CetingucPosted on13 April, 2021 Turning more positive on strong earnings momentum expected this year. We are updating our estimates for … Continue ReadingCompany Update | PETKM TP revised up to TL7.50/share
Categories Economy General Unemployment rate realized as 13.4 percent in Turkey Cem CetingucPosted on12 April, 2021 Seasonally adjusted unemployment rate realized as 13.4% The number of unemployed persons aged 15 years … Continue ReadingUnemployment rate realized as 13.4 percent in Turkey
Categories Company & Industry Markets Turkish auto production exceeds 212,000 in Jan-Feb Cem CetingucPosted on12 April, 2021 Automotive production in Turkey, including light commercial vehicles, tractors, and automobiles, totaled 211,877 million units … Continue ReadingTurkish auto production exceeds 212,000 in Jan-Feb
Categories General TCL, Huawei set to join other Chinese brands producing in Turkey Cem CetingucPosted on12 April, 2021 New Chinese brands are set to join international electronics companies that recently kickstarted production in … Continue ReadingTCL, Huawei set to join other Chinese brands producing in Turkey
Categories Business Markets Turkey’s e-commerce volume jumped 66% in 2020 Cem CetingucPosted on8 April, 2021 The volume of e-commerce in Turkey jumped 66% year-on-year to 226.2 billion Turkish liras ($32 … Continue ReadingTurkey’s e-commerce volume jumped 66% in 2020
