Categories Economy HIGHLIGHTS Turkey: Price of fuel climbs up by over 20% after increase in taxes Güldem AtabayPosted on17 July, 2023 In a flurry of tax hikes, the price of gasoline, diesel oil and natural gas … Continue ReadingTurkey: Price of fuel climbs up by over 20% after increase in taxes
Categories Economy HIGHLIGHTS Turkish budget deficit soars to $8.37 billion, Finance Minister calls for cost-saving measures Güldem AtabayPosted on17 July, 2023 Turkish Finance Minister Mehmet Simsek has implemented measures to address the widening budget deficit, including … Continue ReadingTurkish budget deficit soars to $8.37 billion, Finance Minister calls for cost-saving measures
Categories Economy HIGHLIGHTS Tim Ash: Turkey economic outlook- A game of jenga Güldem AtabayPosted on17 July, 2023 I spent the week in Turkey, visiting Istanbul and Ankara, meeting the usual mix of … Continue ReadingTim Ash: Turkey economic outlook- A game of jenga
Categories Economy General HIGHLIGHTS FT: Turkey triples petrol taxes as Erdoğan tries to repair public finances Güldem AtabayPosted on17 July, 2023 Measure prompts concerns over higher inflation after increases in value added tax. Turkey has tripled … Continue ReadingFT: Turkey triples petrol taxes as Erdoğan tries to repair public finances
Categories Economy HIGHLIGHTS Politics Sweden’s Supreme Court rules against extradition of two Turkish citizens Güldem AtabayPosted on14 July, 2023 Downloading and using a mobile application do not equate to participation in a terrorist organization, … Continue ReadingSweden’s Supreme Court rules against extradition of two Turkish citizens
Categories HIGHLIGHTS Politics Court of Cassation rejects release of Can Atalay Güldem AtabayPosted on14 July, 2023 Article 83 of the Constitution states that “An MP who is alleged to have committed … Continue ReadingCourt of Cassation rejects release of Can Atalay
Categories Economy HIGHLIGHTS Housing sales plunge by 44.4% in Turkey as market faces steep decline Güldem AtabayPosted on14 July, 2023 A total of 83,636 units sold in June in Turkey, while mortgage-based sales and second-hand … Continue ReadingHousing sales plunge by 44.4% in Turkey as market faces steep decline
Categories Economy HIGHLIGHTS Politics Turkish finance minister, c. bank chief to visit Saudi Arabia ahead of Erdogan visit Güldem AtabayPosted on12 July, 2023 Turkey’s finance minister and central bank governor will travel to Saudi Arabia on Wednesday to meet … Continue ReadingTurkish finance minister, c. bank chief to visit Saudi Arabia ahead of Erdogan visit
Categories HIGHLIGHTS Politics Murat Yetkin: What did Türkiye gain by Erdoğan’s ok to Sweden Güldem AtabayPosted on11 July, 2023 President Tayyip Erdoğan left Türkiye on July 10 to attend NATO Summit in Lithuania saying, … Continue ReadingMurat Yetkin: What did Türkiye gain by Erdoğan’s ok to Sweden
Categories HIGHLIGHTS Politics Peskov: We hope Turkey’s relationship with Ukraine will not be aimed against us Güldem AtabayPosted on11 July, 2023 Kremlin spokesman has described relations between Russia and Turkey as “quite close” and “mutually beneficial” … Continue ReadingPeskov: We hope Turkey’s relationship with Ukraine will not be aimed against us
Categories Economy HIGHLIGHTS Politics Turkey approves Sweeden’s NATO access, Biden to move forward with the sale of F-16 fighter jets to Turkey Güldem AtabayPosted on11 July, 2023 NATO chief has announced after a trilateral meeting in Vilnius that Turkish President Erdogan has … Continue ReadingTurkey approves Sweeden’s NATO access, Biden to move forward with the sale of F-16 fighter jets to Turkey
Categories Economy HIGHLIGHTS Turkey’s current-account deficit widens in May Güldem AtabayPosted on11 July, 2023 The current-account deficit in Turkey soared to $7.93 billion in May, compared with a $5.40 … Continue ReadingTurkey’s current-account deficit widens in May
Categories Economy HIGHLIGHTS More tax hikes in Turkey, revenues falling short of the civil servant wage hike bill Güldem AtabayPosted on7 July, 20237 July, 2023 Turkey woke up to a wave of price increases on the last day of the … Continue ReadingMore tax hikes in Turkey, revenues falling short of the civil servant wage hike bill
Categories Economy HIGHLIGHTS Politics New report presents Turkey as a transit country for narcotics Güldem AtabayPosted on6 July, 2023 According to a new report, Turkey is a transit country for drug trafficking and a … Continue ReadingNew report presents Turkey as a transit country for narcotics
Categories Economy HIGHLIGHTS Turkey to raise corporate tax to fund earthquake rebuilding, shifts treasury-run portion of the forex-protected lira deposit accounts to CBRT Güldem AtabayPosted on5 July, 2023 A draft law proposes to raise corporate taxes from 20% to 25% and to fund … Continue ReadingTurkey to raise corporate tax to fund earthquake rebuilding, shifts treasury-run portion of the forex-protected lira deposit accounts to CBRT
Categories Economy HIGHLIGHTS Turkey’s inflation hits 38.2% in June amidst Lira’s depreciation Güldem AtabayPosted on5 July, 2023 Core inflation, which excludes volatile items, witnessed an annual increase of 47.3%, up from 46.6% … Continue ReadingTurkey’s inflation hits 38.2% in June amidst Lira’s depreciation
Categories HIGHLIGHTS Politics Erdogan to visit UAE to boost economic investments Güldem AtabayPosted on4 July, 2023 Reports said last week that Turkey was considering to sell public assets like Turkish Airlines, … Continue ReadingErdogan to visit UAE to boost economic investments
Categories HIGHLIGHTS Politics Egypt, Turkey appoint ambassadors to strengthen diplomatic relations Güldem AtabayPosted on4 July, 2023 The move comes after consultations between the foreign ministries of both countries, signaling a desire … Continue ReadingEgypt, Turkey appoint ambassadors to strengthen diplomatic relations
Categories HIGHLIGHTS Politics Erdogan signals Turkey isn’t ready to ratify Sweden NATO membership, saying there’s more work to do Güldem AtabayPosted on4 July, 2023 Turkish President Recep Tayyip Erdogan signaled Monday that his country is not ready to ratify … Continue ReadingErdogan signals Turkey isn’t ready to ratify Sweden NATO membership, saying there’s more work to do
Categories Economy Finance HIGHLIGHTS Markets Central Bank promises further gradual tightening and simplification of rules Güldem AtabayPosted on3 July, 2023 Following the change of the CBRT Governor, the minutes of the 650 basis point rate … Continue ReadingCentral Bank promises further gradual tightening and simplification of rules
