Categories Company & Industry Emerging Markets HIGHLIGHTS Erdoğan’s stock grows as Turkey’s index doubles Güldem AtabayPosted on3 October, 2023 Turkey’s main stock index has nearly doubled since veteran leader Recep Tayyip Erdoğan’s surprise re-election … Continue ReadingErdoğan’s stock grows as Turkey’s index doubles
Categories Economy HIGHLIGHTS Turkish CPI inflation surges beyond 60% and more is to come Güldem AtabayPosted on3 October, 20233 October, 2023 Turkish inflation hit a record 61.53% in September according to data from the Turkish Statistical … Continue ReadingTurkish CPI inflation surges beyond 60% and more is to come
Categories Economy HIGHLIGHTS Turkey PMI rises to 49.6 in September: Demand held up rather well Güldem AtabayPosted on2 October, 2023 Business conditions in the Turkish manufacturing sector moved closer to stabilisation at the end of … Continue ReadingTurkey PMI rises to 49.6 in September: Demand held up rather well
Categories Economy HIGHLIGHTS BOTAŞ hikes natural gas prices for industrial use, electricity production Güldem AtabayPosted on2 October, 2023 Prices for household consumption have remained steady. The Petroleum Pipeline Corporation (BOTAŞ) has unveiled the … Continue ReadingBOTAŞ hikes natural gas prices for industrial use, electricity production
Categories HIGHLIGHTS Politics Imprisoned filmmaker: Turkey is a big joke, but how much can we laugh about it? Güldem AtabayPosted on2 October, 2023 After her 18-year sentence was reaffirmed, imprisoned Turkish filmmaker Cigdem Mater voiced her frustration with … Continue ReadingImprisoned filmmaker: Turkey is a big joke, but how much can we laugh about it?
Categories Economy HIGHLIGHTS The Istanbul Chamber of Commerce has announced that prices in the megacity increased by 5.46 percent in September compared to the previous month while the annual inflation was 73.18 percent. Güldem AtabayPosted on2 October, 2023 The Istanbul Chamber of Commerce (ITO) has published the retail and wholesale price indices for September for … Continue ReadingThe Istanbul Chamber of Commerce has announced that prices in the megacity increased by 5.46 percent in September compared to the previous month while the annual inflation was 73.18 percent.
Categories Economy HIGHLIGHTS Turkish Central Bank’s covert forex sales total $226 billion Güldem AtabayPosted on2 October, 2023 Turkish Central Bank’s undisclosed “backdoor” forex sales continued in July and August, totaling $30 billion, … Continue ReadingTurkish Central Bank’s covert forex sales total $226 billion
Categories Economy HIGHLIGHTS TEPAV: To achieve a decrease in inflation, the policy interest rate should be raised to 45% next year Güldem AtabayPosted on27 September, 202327 September, 2023 TEPAV (Economic Policy Research Foundation of Turkey) has evaluated that raising the policy interest rate … Continue ReadingTEPAV: To achieve a decrease in inflation, the policy interest rate should be raised to 45% next year
Categories Economy HIGHLIGHTS Turkey’s Finance Minister on FT: Measures aimed at inflation control, rebuilding foreign reserves and reducing the current account deficit Güldem AtabayPosted on27 September, 2023 Mehmet Simsek outlined efforts to reverse past economic policies and rebuild investor confidence through measures … Continue ReadingTurkey’s Finance Minister on FT: Measures aimed at inflation control, rebuilding foreign reserves and reducing the current account deficit
Categories General Politics European Court rules against Turkey in the prominent ‘ByLock and Bank Asya’ case Güldem AtabayPosted on27 September, 2023 ECHR Grand Chamber’s decision favoring Yuksel Yalcinkaya could set a precedent for other human rights … Continue ReadingEuropean Court rules against Turkey in the prominent ‘ByLock and Bank Asya’ case
Categories Economy HIGHLIGHTS Turkey in talks with China for further nuclear construction Güldem AtabayPosted on15 September, 2023 Energy Minister Alparslan Bayraktar said Turkey is closing in on an agreement with China for construction of a … Continue ReadingTurkey in talks with China for further nuclear construction
Categories Economy HIGHLIGHTS Politics Turkish companies sanctioned by US for “supporting Moscow in its war against Ukraine” Güldem AtabayPosted on15 September, 202315 September, 2023 The sanctioned companies are Margiana Insaat Dis Ticaret, Demirci Bilisim Ticaret Sanayi, Denkar Ship Construction, ID Ship Agency and CTL Limited. … Read More >Turkish companies sanctioned by US for “supporting Moscow in its war against Ukraine”
Categories Economy HIGHLIGHTS Central Bank survey indicates rising year-end inflation and dollar rate expectations in Turkey Güldem AtabayPosted on15 September, 202315 September, 2023 A recent survey conducted by Turkish Central Bank projects a steep rise in year-end inflation … Continue ReadingCentral Bank survey indicates rising year-end inflation and dollar rate expectations in Turkey
Categories Economy HIGHLIGHTS Turkey to seek more revenue outside budget, including privatisation -Simsek Güldem AtabayPosted on12 September, 2023 Finance Minister Mehmet Simsek said on Monday that Turkey’s government would seek further revenues outside … Continue ReadingTurkey to seek more revenue outside budget, including privatisation -Simsek
Categories Economy HIGHLIGHTS Bloomberg: World Bank in Talks to Double Turkey Exposure to $35 Billion Güldem AtabayPosted on5 September, 2023 As reported by Bloomberg, the World Bank is in advanced talks to potentially double its … Continue ReadingBloomberg: World Bank in Talks to Double Turkey Exposure to $35 Billion
Categories Economy Turkey’s annual inflation surges beyond expectations to 58.94 percent Güldem AtabayPosted on4 September, 2023 In August, Turkey witnessed an alarming surge in annual inflation to 58.94%, fueled by soaring … Continue ReadingTurkey’s annual inflation surges beyond expectations to 58.94 percent
Categories Economy HIGHLIGHTS Turkey August PMI: Manufacturing industry accelerated its contraction, inflation pressure remains strong Güldem AtabayPosted on1 September, 2023 In August, the Istanbul Chamber of Industry (ISO) Manufacturing PMI was reported at a level … Continue ReadingTurkey August PMI: Manufacturing industry accelerated its contraction, inflation pressure remains strong
Categories Economy HIGHLIGHTS Turkey’s consumer confidence continues to decline: The Bloomberg HT Consumer Confidence Index fell by 4.35 percent in August Güldem AtabayPosted on1 September, 2023 Following the sharp decline in July, the Bloomberg HT Consumer Confidence Index continued to experience … Continue ReadingTurkey’s consumer confidence continues to decline: The Bloomberg HT Consumer Confidence Index fell by 4.35 percent in August
Categories Economy HIGHLIGHTS Annual inflation in Istanbul skyrockets to 74.2 percent in August Güldem AtabayPosted on1 September, 2023 Istanbul experienced an 8.8% monthly inflation in August 2023, with sectors like transport seeing the … Continue ReadingAnnual inflation in Istanbul skyrockets to 74.2 percent in August
Categories HIGHLIGHTS Politics Erdogan set to discuss Ukrainian grain deal with Putin in Russia Güldem AtabayPosted on29 August, 2023 Turkish President Erdogan is set to visit Russia to discuss the halted Ukrainian grain-export deal … Continue ReadingErdogan set to discuss Ukrainian grain deal with Putin in Russia
