Categories Economy HIGHLIGHTS Turkish Inflation Slows Unexpectedly, Raising Rate Cut Pressure Güldem AtabayPosted on3 June, 2021 Turkey’s consumer inflation rate snapped seven months of increases in May, making it harder for … Continue ReadingTurkish Inflation Slows Unexpectedly, Raising Rate Cut Pressure
Categories Economy HIGHLIGHTS Erdoğan offers 5 different explanations on missing $128 bln since February Güldem AtabayPosted on2 June, 2021 President Recep Tayyip Erdoğan’s statement that one doesn’t ask the central bank about funds’ fate … Continue ReadingErdoğan offers 5 different explanations on missing $128 bln since February
Categories Economy HIGHLIGHTS Lira Traders Say ‘We’ve Been Here Before’ in Turkey Rates Replay Güldem AtabayPosted on2 June, 2021 Turkish President Recep Tayyip Erdogan’s demand for interest-rate cuts sent a brief shockwave through the … Continue ReadingLira Traders Say ‘We’ve Been Here Before’ in Turkey Rates Replay
Categories Economy HIGHLIGHTS Turkey’s May PMI slides below 50.0 benchmark Güldem AtabayPosted on1 June, 2021 The latest PMI® survey data from Istanbul Chamber of Industry and IHS Markit showed that … Continue ReadingTurkey’s May PMI slides below 50.0 benchmark
Categories Economy HIGHLIGHTS Turkish consumer confidence declines to 11-year low – BloombergHT survey Güldem AtabayPosted on1 June, 2021 Consumer confidence in Turkey fell to the lowest level since January 2010, according to a … Continue ReadingTurkish consumer confidence declines to 11-year low – BloombergHT survey
Categories Economy HIGHLIGHTS Politics Turkey to Send “Russian Missile Experts” Home in Signal to Biden Güldem AtabayPosted on31 May, 2021 Turkey said it will send home Russian missile experts overseeing the S-400 air defense technology that … Continue ReadingTurkey to Send “Russian Missile Experts” Home in Signal to Biden
Categories Economy General HIGHLIGHTS New normalization rules with limited hours Güldem AtabayPosted on31 May, 2021 President Erdoğan announced after today’s cabinet meeting that the pandemic gradual normalization process will begin … Continue ReadingNew normalization rules with limited hours
Categories Economy HIGHLIGHTS Politics Turkey, Greece to take concrete steps to improve economic ties – minister Güldem AtabayPosted on31 May, 2021 Greece and neighboring Turkey have agreed to gradually normalize their relationship. Greek Foreign Minister Nikos … Continue ReadingTurkey, Greece to take concrete steps to improve economic ties – minister
Categories Economy HIGHLIGHTS Turkey’s inflation to remain flat in May Güldem AtabayPosted on31 May, 2021 The state-run Anadolu news agency poll showed that the average estimate of 14 economists expect … Continue ReadingTurkey’s inflation to remain flat in May
Categories HIGHLIGHTS Politics Turkish Agents Capture Nephew of U.S.-based Cleric Overseas Güldem AtabayPosted on31 May, 2021 Turkish agents have captured a nephew of U.S.-based Muslim cleric Fethullah Gulen in an overseas … Continue ReadingTurkish Agents Capture Nephew of U.S.-based Cleric Overseas
Categories Economy HIGHLIGHTS SAMEKS: Temporary slowdown in May as normalization will commence in June Güldem AtabayPosted on31 May, 2021 In May, the SAMEKS Composite Index, free of seasonal and calendar effects, decreased by 1.4 … Continue ReadingSAMEKS: Temporary slowdown in May as normalization will commence in June
Categories Economy HIGHLIGHTS ING: Turkey’s GDP growth remains robust in 1Q21 Güldem AtabayPosted on31 May, 2021 Robust GDP growth at 7.0% year-on-year is attributable to private consumption, gross fixed capital formation, … Continue ReadingING: Turkey’s GDP growth remains robust in 1Q21
Categories Economy HIGHLIGHTS Turkish Economy Likely Outperformed Most Peers But at a Cost Güldem AtabayPosted on31 May, 2021 Turkey’s economy has continued to grow at a strong pace so far this year, but … Continue ReadingTurkish Economy Likely Outperformed Most Peers But at a Cost
Categories Economy HIGHLIGHTS Turkey’s Economic Confidence Index weakens further in April Güldem AtabayPosted on29 May, 2021 Turkey’s Economic Confidence Index which was 93.9 in April decreased by 1.3% in May to … Continue ReadingTurkey’s Economic Confidence Index weakens further in April
Categories Economy HIGHLIGHTS Turkey’s April trade deficit down by 33 percent Güldem AtabayPosted on28 May, 2021 Turkey’s trade deficit dropped by an annual 33 percent in April as exports more than … Continue ReadingTurkey’s April trade deficit down by 33 percent
Categories Economy HIGHLIGHTS Turkish lira hits record low on lax monetary policy, foreign currency debt Güldem AtabayPosted on28 May, 2021 Turkey’s lira hit an all-time low against the dollar and euro on Friday on concerns … Continue ReadingTurkish lira hits record low on lax monetary policy, foreign currency debt
Categories Economy General HIGHLIGHTS Turkey Central Bank Replaces Key Executives in Latest Clearout Güldem AtabayPosted on28 May, 2021 Turkey’s central bank has replaced executives at some of its key departments, the latest step … Continue ReadingTurkey Central Bank Replaces Key Executives in Latest Clearout
Categories HIGHLIGHTS Politics Mafia Claims Expose Erdogan’s Political Vulnerability Güldem AtabayPosted on27 May, 2021 President Recep Tayyip Erdogan is facing an uncomfortable truth: his governing party — Turkey’s largest … Continue ReadingMafia Claims Expose Erdogan’s Political Vulnerability
Categories Economy General HIGHLIGHTS Turkey’s poverty threshold more than triple the minimum wage Güldem AtabayPosted on27 May, 2021 The Confederation of Turkish Trade Unions (TURK-IS) announced that the May 2021 “hunger threshold for … Continue ReadingTurkey’s poverty threshold more than triple the minimum wage
Categories Economy General HIGHLIGHTS Politics Amberin Zaman: Erdogan swats aside mobster, stands behind interior minister Güldem AtabayPosted on27 May, 2021 Turkish President Recep Tayyip Erdogan finally broke his silence Wednesday on the barrage of explosive … Continue ReadingAmberin Zaman: Erdogan swats aside mobster, stands behind interior minister
