Categories Economy HIGHLIGHTS Turkey shows emerging markets how not to manage a currency – ex-IMF official Güldem AtabayPosted on22 November, 2021 Turkey is demonstrating to other emerging markets how not to manage a currency, said Desmond … Continue ReadingTurkey shows emerging markets how not to manage a currency – ex-IMF official
Categories Economy HIGHLIGHTS TL weakness pulls down Tukey’s Consumer Confidence Index to all time low Güldem AtabayPosted on22 November, 2021 Seasonally-adjusted consumer confidence index (CCI) in Turkey worsened to 71.1 in November from 76.8 the … Continue ReadingTL weakness pulls down Tukey’s Consumer Confidence Index to all time low
Categories Economy HIGHLIGHTS Turkish state energy firm BOTAS to tap more cenbank forex in relief plan for lira Güldem AtabayPosted on17 November, 2021 Turkey’s state energy company BOTAS is expected to turn to the central bank to help … Continue ReadingTurkish state energy firm BOTAS to tap more cenbank forex in relief plan for lira
Categories Economy HIGHLIGHTS Erdogan calls for lower rates again ahead of the central bank decision meeting Güldem AtabayPosted on17 November, 2021 Speaking at the AKP’s Group Meeting, President Erdogan said he would continue fighting for lower … Continue ReadingErdogan calls for lower rates again ahead of the central bank decision meeting
Categories Economy HIGHLIGHTS Turkey selling more abroad but at a cheaper price Güldem AtabayPosted on10 November, 202110 November, 2021 Turkey’s September export unit value index increase was limited with 11.8% where as its export … Continue ReadingTurkey selling more abroad but at a cheaper price
Categories Economy HIGHLIGHTS Markets Turkey’s construction cost inflation up 39.5 percent Güldem AtabayPosted on10 November, 2021 In September 2021, construction cost index (CCI) increased by 0.25% compared with previous month and … Continue ReadingTurkey’s construction cost inflation up 39.5 percent
Categories Economy HIGHLIGHTS Turkey’s unemployment eases in September but the figures might be misleading Güldem AtabayPosted on10 November, 2021 Turkey’s seasonally adjusted unemployment rate dropped to 11.5% as of September as per the official … Continue ReadingTurkey’s unemployment eases in September but the figures might be misleading
Categories Economy HIGHLIGHTS Bloomberg: Erdogan’s War on Interest Rates Is Making Turkey’s Rich Richer Güldem AtabayPosted on8 November, 2021 In a Bloomberg analysis written by Asli Kandemir and Cagan Koc, the focus is put … Continue ReadingBloomberg: Erdogan’s War on Interest Rates Is Making Turkey’s Rich Richer
Categories Economy HIGHLIGHTS Politics In troubled US-Turkey relations, F-16 deal seen as path for dialogue Güldem AtabayPosted on1 November, 20211 November, 2021 Following several scheduling changes, US President Joe Biden and his Turkish counterpart, Recep Tayyip Erdogan, met … Continue ReadingIn troubled US-Turkey relations, F-16 deal seen as path for dialogue
Categories Economy HIGHLIGHTS Nearly two-thirds of Turks say Erdoğan doing bad job on economy Güldem AtabayPosted on1 November, 2021 Almost two-thirds of Turkish voters think President Recep Tayyip Erdoğan’s government is doing a bad … Continue ReadingNearly two-thirds of Turks say Erdoğan doing bad job on economy
Categories Economy HIGHLIGHTS UPDATE (CPI print today) Istanbul inflation exceeds 20 percent Güldem AtabayPosted on1 November, 20213 November, 2021 Turkstat is predicted to report Turkish CPI soaring to 20.35%, up from 19.58% in September, … Continue ReadingUPDATE (CPI print today) Istanbul inflation exceeds 20 percent
Categories Economy HIGHLIGHTS Turkey hikes natural gas prices for industry by 48 percent Güldem AtabayPosted on1 November, 2021 Turkish state-run pipeline company BOTAŞ increased natural gas prices for industry by 48 percent. The … Continue ReadingTurkey hikes natural gas prices for industry by 48 percent
Categories Economy HIGHLIGHTS Politics Will the ailing Turkish economy bring Erdogan down? Güldem AtabayPosted on1 November, 2021 When one brave soul from Recep Tayyip Erdogan’s ruling party decided to confront him about … Continue ReadingWill the ailing Turkish economy bring Erdogan down?
Categories Economy HIGHLIGHTS October PMI dips to 51.2: Slowing activity and rising inflation pressures Güldem AtabayPosted on1 November, 2021 The latest PMI® survey data from Istanbul Chamber of Industry and IHS Markit pointed to … Continue ReadingOctober PMI dips to 51.2: Slowing activity and rising inflation pressures
Categories General HIGHLIGHTS Politics Turkey reaches out to foe Armenia in drive for Caucasus influence Güldem AtabayPosted on28 October, 2021 A new highway that cuts through land Azerbaijan captured from Armenia less than a year … Continue ReadingTurkey reaches out to foe Armenia in drive for Caucasus influence
Categories HIGHLIGHTS Markets Turkey Stocks Surge Reveals Deserted Market That’s Easy to Move Güldem AtabayPosted on26 October, 2021 Turkey market ructions have claimed the nation’s currency and bonds among their victims, but stocks … Continue ReadingTurkey Stocks Surge Reveals Deserted Market That’s Easy to Move
Categories Economy HIGHLIGHTS Erdogan Feasts on Chaos While the Lira Suffers Güldem AtabayPosted on25 October, 2021 It’s almost like Turkey desires an economic crisis. Threatening to expel envoys from powerful allies … Continue ReadingErdogan Feasts on Chaos While the Lira Suffers
Categories Economy HIGHLIGHTS Turkish State Banks Follow Rate Gamble by Pledging Cheaper Loans Güldem AtabayPosted on25 October, 2021 Turkey’s state lenders will follow the central bank’s shock interest-rate cut of 200 basis points and … Continue ReadingTurkish State Banks Follow Rate Gamble by Pledging Cheaper Loans
Categories Economy HIGHLIGHTS Turkish Officials Seek to Avoid Expulsion of Western Envoys Güldem AtabayPosted on25 October, 2021 Recep Tayyip Erdogan’s administration is weighing options to avoid formally designating ambassadors from 10 countries, … Continue ReadingTurkish Officials Seek to Avoid Expulsion of Western Envoys
Categories Economy HIGHLIGHTS Erdoğan: Turkey shouldn’t host ambassadors who called for Kavala’s release Güldem AtabayPosted on21 October, 2021 President Recep Tayyip Erdoğan has slammed the ambassadors of 10 countries, including the US, Germany … Continue ReadingErdoğan: Turkey shouldn’t host ambassadors who called for Kavala’s release
