Categories Economy HIGHLIGHTS Turkey: Only 22.8 million of the 65.9 million people who can work are in formal, full-time employment! Güldem AtabayPosted on19 August, 2024 Turkish Statistical Institute’s (TurkStat) Household Labor Force Survey (HLFS) for the 2nd quarter of 2024 … Continue ReadingTurkey: Only 22.8 million of the 65.9 million people who can work are in formal, full-time employment!
Categories HIGHLIGHTS Politics Turkish politics/Murat Yetkin: Erdoğan is President but Bahçeli’s shadow is enough – What MHP says goes Güldem AtabayPosted on19 August, 2024 “The AK Party did what was necessary even without the Nationalist Movement Party”. MHP leader … Continue ReadingTurkish politics/Murat Yetkin: Erdoğan is President but Bahçeli’s shadow is enough – What MHP says goes
Categories Economy HIGHLIGHTS Turkey: Alarming increase in concordat declarations Güldem AtabayPosted on19 August, 2024 There is a serious increase in the number of companies declaring concordat in Turkey. The … Continue ReadingTurkey: Alarming increase in concordat declarations
Categories Economy HIGHLIGHTS Politics Turkey July budget details: Savings for disinflation; what savings? Güldem AtabayPosted on15 August, 2024 Turkey’s budget balance posted 96,8 billion liras deficit in July 2024 compared to 48,6 billion … Continue ReadingTurkey July budget details: Savings for disinflation; what savings?
Categories Economy HIGHLIGHTS Prof Ozatay: The latest data from Turkey paints a grim picture for both employment and production Güldem AtabayPosted on14 August, 202416 August, 2024 In my August 1 article, I explored the question, “Is the economy contracting?” Recent data … Continue ReadingProf Ozatay: The latest data from Turkey paints a grim picture for both employment and production
Categories Economy HIGHLIGHTS Salaries in Turkey Are Approaching the Minimum Wage: Income Distribution in Danger Güldem AtabayPosted on12 August, 202412 August, 2024 A new study by Prof. Dr. Aykut Kibritçioğlu, an economist from the Turkish-German University, has … Continue ReadingSalaries in Turkey Are Approaching the Minimum Wage: Income Distribution in Danger
Categories Economy HIGHLIGHTS Strong spike in Turkey’s unemployment rate in June as the economy slows sharply Güldem AtabayPosted on12 August, 202412 August, 2024 Turkey’s seasonally adjusted unemployment rate spiked to 9.2% in June from 8.4% in May. The … Continue ReadingStrong spike in Turkey’s unemployment rate in June as the economy slows sharply
Categories Economy HIGHLIGHTS Turkey’s industrial production sharply contracts in June Güldem AtabayPosted on9 August, 20249 August, 2024 According to the Turkish Statistical Institute, industrial production contracted by 4.7 percent year-on-year in June. … Continue ReadingTurkey’s industrial production sharply contracts in June
Categories Economy HIGHLIGHTS Istanbul’s July inflation figure very high though with the base year effect 12 month inflation slides Güldem AtabayPosted on1 August, 20241 August, 2024 Istanbul’s inflation increased by 4.21 percent on a monthly basis in July. Annual inflation fell … Continue ReadingIstanbul’s July inflation figure very high though with the base year effect 12 month inflation slides
Categories Economy HIGHLIGHTS Following electricity, natural gas prices were raised by 38 percent effective from today Güldem AtabayPosted on1 August, 2024 BOTAŞ announced that as of August, the wholesale price of natural gas for residential use … Continue ReadingFollowing electricity, natural gas prices were raised by 38 percent effective from today
Categories Economy HIGHLIGHTS Signs are increasing, Turkey’s economy is contracting Güldem AtabayPosted on1 August, 2024 MUSIAD: SAMEKS Composite Index decreased by 9.3 points to 45.6 in July In July 2024, … Continue ReadingSigns are increasing, Turkey’s economy is contracting
Categories HIGHLIGHTS Politics Turkey approved the bill allowing for the culling of millions of stray dogs despite mounting protests Güldem AtabayPosted on30 July, 2024 Turkey has approved a controversial bill allowing for the culling of millions of stray dogs, … Continue ReadingTurkey approved the bill allowing for the culling of millions of stray dogs despite mounting protests
Categories Economy HIGHLIGHTS CBRT rate decision summary published: ‘Tight stance’ message repeated Güldem AtabayPosted on30 July, 2024 CBRT published the summary of the July 23rd Monetary Policy Committee (MPC) meeting. The inflation-related … Continue ReadingCBRT rate decision summary published: ‘Tight stance’ message repeated
Categories Economy HIGHLIGHTS Reuters survey announced: Economists’ inflation forecasts for July Güldem AtabayPosted on30 July, 2024 Reuters’ survey of expectations for July inflation data to be announced by the Turkish Statistical … Continue ReadingReuters survey announced: Economists’ inflation forecasts for July
Categories Economy HIGHLIGHTS The slide in Turkey’s economic confidence index continued in July Güldem AtabayPosted on30 July, 2024 According to the Turkish Statistical Institute (TurkStat), the economic confidence index decreased by 1.5 percent … Continue ReadingThe slide in Turkey’s economic confidence index continued in July
Categories Economy HIGHLIGHTS Politics Traces of 35 tons of cocaine smuggling in Germany lead to Turkey Güldem AtabayPosted on30 July, 2024 The details of the operation in which 35 and a half tons of cocaine was … Continue ReadingTraces of 35 tons of cocaine smuggling in Germany lead to Turkey
Categories Economy General HIGHLIGHTS Turkey’s population will fall below from the current 85 million to 77 million in 2100 Güldem AtabayPosted on30 July, 2024 Turkish Statistical Institute (TurkStat) has renewed its population projections for the period between 2023 and … Continue ReadingTurkey’s population will fall below from the current 85 million to 77 million in 2100
Categories General HIGHLIGHTS Millions live with wages below the hunger threshold in Turkey Güldem AtabayPosted on30 July, 202430 July, 2024 According to TÜRK-İŞ, the hunger limit for July rose to 19 thousand 234 TL and … Continue ReadingMillions live with wages below the hunger threshold in Turkey
Categories Economy HIGHLIGHTS Think tank predicts economy shrank in the second quarter Güldem AtabayPosted on29 July, 202429 July, 2024 BETAM announced its growth expectation for the second quarter of 2024. The institution expects the … Continue ReadingThink tank predicts economy shrank in the second quarter
Categories Economy HIGHLIGHTS Tax bill passed, other bills to follow Güldem AtabayPosted on29 July, 2024 The tax bill submitted to the agenda of the Turkish Grand National Assembly has been … Continue ReadingTax bill passed, other bills to follow
