Categories Economy HIGHLIGHTS June PMI: Output growth at near two-year high, inflationary forces reaccelarate Güldem AtabayPosted on3 July, 2023 Turkish manufacturers continued to expand production at the end of the second quarter of the … Continue ReadingJune PMI: Output growth at near two-year high, inflationary forces reaccelarate
Categories Economy HIGHLIGHTS Inflation Research Group (ENAG), founded by a group of independent academics calculate June inflation as 108,6 percent Güldem AtabayPosted on3 July, 2023 According to unofficial data from the ENAG Inflation Research Group, an independent institution set up … Continue ReadingInflation Research Group (ENAG), founded by a group of independent academics calculate June inflation as 108,6 percent
Categories Economy HIGHLIGHTS Turkish State Banks Resume Supporting Lira as Rout Deepens Güldem AtabayPosted on3 July, 2023 As reported by Bloomberg, according to traders Turkey’s state-run lenders re-entered the foreign-currency market on Monday … Continue ReadingTurkish State Banks Resume Supporting Lira as Rout Deepens
Categories Economy HIGHLIGHTS Prof. Hakan Kara: Turkey still has a long road back to financial normalcy Güldem AtabayPosted on3 July, 2023 Is Turkey’s experiment with unconventional monetary policy over? Some signs suggest it may be. Since … Continue ReadingProf. Hakan Kara: Turkey still has a long road back to financial normalcy
Categories Economy HIGHLIGHTS Prof. Demiralp: Turkey’s Economic U-Turn? Güldem AtabayPosted on2 July, 2023 Turkey’s central bank has finally ended its era of easy monetary policy, which had reflected … Continue ReadingProf. Demiralp: Turkey’s Economic U-Turn?
Categories Economy HIGHLIGHTS World Bank approves one-billion-dollar financing for Turkey’s earthquake reconstruction Güldem AtabayPosted on1 July, 2023 The World Bank has announced its approval of 1 billion US dollars in financing to … Continue ReadingWorld Bank approves one-billion-dollar financing for Turkey’s earthquake reconstruction
Categories Economy HIGHLIGHTS Politics Report: Turkish drug lords control 20% of Middle East cocaine market Güldem AtabayPosted on1 July, 2023 A study by Insight Crime suggests that Turkish drug traffickers, known for their involvement in … Continue ReadingReport: Turkish drug lords control 20% of Middle East cocaine market
Categories Economy HIGHLIGHTS Retail prices in Istanbul surge by 3.46% in June Güldem AtabayPosted on1 July, 2023 The annual change rate in Istanbul was 55.19% for retail prices and 64.27% for wholesale … Continue ReadingRetail prices in Istanbul surge by 3.46% in June
Categories Finance HIGHLIGHTS Turkey Central Bank Simplifies Rules Under New Governor Güldem AtabayPosted on26 June, 2023 Turkey’s Central Bank, under new Governor Hafize Gaye Erkan, is easing its security maintenance rule … Continue ReadingTurkey Central Bank Simplifies Rules Under New Governor
Categories Economy HIGHLIGHTS Timothy Ash comments on the rate hike decision: “flexible exchange rate will attract capital inflows” Güldem AtabayPosted on22 June, 202322 June, 2023 In the end the markets were disappointed, with the new CBRT governor, Erkan, only managing … Continue ReadingTimothy Ash comments on the rate hike decision: “flexible exchange rate will attract capital inflows”
Categories Economy HIGHLIGHTS Turkey seeks Gulf investments in energy and defense sectors after UAE talks Güldem AtabayPosted on22 June, 2023 The visit by Turkish Vice President Cevdet Yilmaz and Finance Minister Mehmet Simsek signifies Turkey’s … Continue ReadingTurkey seeks Gulf investments in energy and defense sectors after UAE talks
Categories Economy HIGHLIGHTS Central bank rate hike falls short of expectations, rate decision note weak Güldem AtabayPosted on22 June, 202322 June, 2023 Turkey’s Central Bank hiked interest rates by 650 basis points to 15% for the first … Continue ReadingCentral bank rate hike falls short of expectations, rate decision note weak
Categories HIGHLIGHTS Politics Russia pushes for Turkish withdrawal from Syria: Proposed timetable revealed Güldem AtabayPosted on21 June, 2023 The proposal will be presented during the ongoing Astana talks in Kazakhstan, where Russia aims … Continue ReadingRussia pushes for Turkish withdrawal from Syria: Proposed timetable revealed
Categories HIGHLIGHTS Politics Swedish FM: Time has come for Turkey to ratify Sweden’s NATO bid Güldem AtabayPosted on21 June, 2023 “Our judgment is that we have done what was expected of us, now it is … Continue ReadingSwedish FM: Time has come for Turkey to ratify Sweden’s NATO bid
Categories Economy HIGHLIGHTS Turkey’s official inflation slows to 39.6% after Erdoğan’s pledge of free natural gas in May Güldem AtabayPosted on5 June, 2023 Turkish annual inflation fell to 39.59% in May, official data showed on June 5, broadly in line with expectations, … Continue ReadingTurkey’s official inflation slows to 39.6% after Erdoğan’s pledge of free natural gas in May
Categories Economy HIGHLIGHTS Politics It’s Not The Economy, Stupid: Why Turkish Elections Are About More Than Money Güldem AtabayPosted on3 April, 2023 The upcoming Turkish elections on May 14th, 2023 defy conventional wisdom. Turkey’s economic downturn and … Continue ReadingIt’s Not The Economy, Stupid: Why Turkish Elections Are About More Than Money
Categories HIGHLIGHTS Politics Victim’s brother expresses alarm over Erdogan’s alliance with Huda Par Güldem AtabayPosted on28 March, 2023 “We know that Huda Par is a murderous organization, and that they’ve gone legal because … Continue ReadingVictim’s brother expresses alarm over Erdogan’s alliance with Huda Par
Categories Economy HIGHLIGHTS Peru’s authorities seize 2.3 tons of cocaine heading to Turkey Güldem AtabayPosted on28 March, 202329 March, 2023 According to officials from Peru, it was the first time they had such an incident … Continue ReadingPeru’s authorities seize 2.3 tons of cocaine heading to Turkey
Categories Economy Finance HIGHLIGHTS Turkish central bank’s efforts to guard lira: Costlier Dollar for Some Firms Güldem AtabayPosted on20 March, 2023 According to Bloomberg, Turkey’s central bank asked commercial lenders last week to use a dual … Continue ReadingTurkish central bank’s efforts to guard lira: Costlier Dollar for Some Firms
Categories Economy Politics Syrian leader Assad says he won’t meet Erdogan until Turkey ends its ‘occupation’ Güldem AtabayPosted on16 March, 202316 March, 2023 During a visit to Moscow for talks with Russian President Vladimir Putin, Syrian President Assad … Continue ReadingSyrian leader Assad says he won’t meet Erdogan until Turkey ends its ‘occupation’
