Categories Economy HIGHLIGHTS Erdogan Sticks with Economic Policy as Turkey’s Inflation Rises, Currency Sinks Güldem AtabayPosted on12 January, 2022 Turkey’s economy had a difficult year, with its currency depreciating and inflation skyrocketing. Experts warn … Continue ReadingErdogan Sticks with Economic Policy as Turkey’s Inflation Rises, Currency Sinks
Categories Company & Industry Emerging Markets HIGHLIGHTS Getir to Seek $12 Billion Valuation in New Investment Round Güldem AtabayPosted on11 January, 202212 January, 2022 Turkish grocery delivery app Getir is looking to raise capital at a valuation of $12 billion in … Continue ReadingGetir to Seek $12 Billion Valuation in New Investment Round
Categories Economy HIGHLIGHTS Politics Turkey’s economic woes are hurting Erdogan – polls Güldem AtabayPosted on11 January, 2022 More Turks now believe an opposition alliance is better suited than President Tayyip Erdogan and … Continue ReadingTurkey’s economic woes are hurting Erdogan – polls
Categories Economy Emerging Markets General HIGHLIGHTS IMF: Emerging Economies Must Prepare for Fed Policy Tightening Güldem AtabayPosted on10 January, 2022 For most of last year, investors priced in a temporary rise in inflation in the … Continue ReadingIMF: Emerging Economies Must Prepare for Fed Policy Tightening
Categories Economy HIGHLIGHTS Turkey devises bonds to pay if banks lose from Erdogan Lira plan Güldem AtabayPosted on6 January, 2022 Turkey’s government is seeking approval to issue new bonds to compensate banks for possible losses … Continue ReadingTurkey devises bonds to pay if banks lose from Erdogan Lira plan
Categories Economy HIGHLIGHTS Privatized ports’ management may be extended to 49 years without tender Güldem AtabayPosted on6 January, 2022 The Parliament has approved a legislative proposal which foresees an increase in the fines imposed for stockpiling … Continue ReadingPrivatized ports’ management may be extended to 49 years without tender
Categories Economy HIGHLIGHTS AKP threatens limits to food exports to curb inflation Güldem AtabayPosted on6 January, 2022 The ruling Justice and Development Party (AKP) is threatening to impose export limits on basic … Continue ReadingAKP threatens limits to food exports to curb inflation
Categories Economy HIGHLIGHTS Turkish poverty threshold more than double minimum wage – union Güldem AtabayPosted on6 January, 2022 Turkey’s poverty threshold is a monthly 10,119.8 liras ($734) for a four-member family, more than … Continue ReadingTurkish poverty threshold more than double minimum wage – union
Categories Economy HIGHLIGHTS Alcoholic beverages see a 43 percent price rise following special tax increase Güldem AtabayPosted on6 January, 20226 January, 2022 Özgür Aybaş, the president of the Turkish Monopoly Dealers Platform, which represents liquor shop owners, … Continue ReadingAlcoholic beverages see a 43 percent price rise following special tax increase
Categories Economy HIGHLIGHTS Turkish Central Bank Revives Bond-Buying Drive to Rein In Yields Güldem AtabayPosted on5 January, 2022 The Turkish central bank bought government bonds for the first time in more than a … Continue ReadingTurkish Central Bank Revives Bond-Buying Drive to Rein In Yields
Categories Economy HIGHLIGHTS Turkey Tightens Oversight of Currency Market as Lira Weakens Güldem AtabayPosted on5 January, 2022 Turkish authorities are keeping tabs on investors who are buying large amounts of foreign currency … Continue ReadingTurkey Tightens Oversight of Currency Market as Lira Weakens
Categories Economy HIGHLIGHTS Politics Washington Post: Erdogan’s arbitrary rule is devaluing his nation’s currency — both moral and economic Güldem AtabayPosted on5 January, 20225 January, 2022 Superficially, there is no particular connection between the two biggest ongoing news stories in Turkey: … Continue ReadingWashington Post: Erdogan’s arbitrary rule is devaluing his nation’s currency — both moral and economic
Categories Economy HIGHLIGHTS Fatih Ozatay: Turkish inflation and the consequences of not taking it seriously Güldem AtabayPosted on5 January, 2022 It is routine to write the highest/lowest such and such indicator of such and such … Continue ReadingFatih Ozatay: Turkish inflation and the consequences of not taking it seriously
Categories Economy HIGHLIGHTS Istanbul mayor should be dismissed if ‘terror ties’ of municipal personnel proven, says Bahceli Güldem AtabayPosted on4 January, 20224 January, 2022 Istanbul Mayor Ekrem Imamoglu should be dismissed if “terror ties” of municipal personnel are proven, … Continue ReadingIstanbul mayor should be dismissed if ‘terror ties’ of municipal personnel proven, says Bahceli
Categories Economy HIGHLIGHTS The central bank’s mystery one-day $10 billion profit that erased its losses Güldem AtabayPosted on4 January, 20224 January, 2022 Bloomberg reported based on Economist Ugur Gurses’ article that Turkey’s central bank posted an extraordinary … Continue ReadingThe central bank’s mystery one-day $10 billion profit that erased its losses
Categories Economy HIGHLIGHTS Turkey Orders Exporters to Convert 25% of Income to Liras Güldem AtabayPosted on4 January, 20224 January, 2022 Turkey’s central bank required exporters to convert a quarter of their hard currency export revenues … Continue ReadingTurkey Orders Exporters to Convert 25% of Income to Liras
Categories Economy HIGHLIGHTS Turkish inflation seen above 30% in December amid lira weakness Güldem AtabayPosted on29 December, 2021 Turkey’s annual inflation rate is expected to have hit 30.6% in December, according to a … Continue ReadingTurkish inflation seen above 30% in December amid lira weakness
Categories General Erdoğan’s Gamble with Turkey’s Economy Güldem AtabayPosted on29 December, 2021 by Kadri Tastan In 2011, then Prime Minister Recep Tayyip Erdoğan set ambitious economic goals … Continue ReadingErdoğan’s Gamble with Turkey’s Economy
Categories Economy HIGHLIGHTS Güven Sak: Turkey’s economy is like a sailing ship, going wherever the winds blow it Güldem AtabayPosted on29 December, 2021 When it comes to the Turkish economy, it has always been best to take the long view. … Continue ReadingGüven Sak: Turkey’s economy is like a sailing ship, going wherever the winds blow it
Categories Economy HIGHLIGHTS Politics Poll: Erdoğan trails both İmamoğlu and Yavaş by over 10 points Güldem AtabayPosted on28 December, 2021 The mayors of İstanbul and Ankara, both members of the main opposition Republican People’s Party … Continue ReadingPoll: Erdoğan trails both İmamoğlu and Yavaş by over 10 points
