Categories Economy HIGHLIGHTS Politics Erdogan on USD 128 billion undisclosed reserve sales; no new information lots of polemic Güldem AtabayPosted on21 April, 2021 Turkish President Recep Tayyip Erdogan said authorities used $165 billion of central bank foreign-currency reserves … Continue ReadingErdogan on USD 128 billion undisclosed reserve sales; no new information lots of polemic
Categories Company & Industry Economy HIGHLIGHTS Alamos Gold files $1 billion claim against Turkey after mine project halted Güldem AtabayPosted on20 April, 2021 Alamos Gold Inc. of Canada filed a legal claim against Turkey for unfair expropriation and … Continue ReadingAlamos Gold files $1 billion claim against Turkey after mine project halted
Categories Economy Share of children in Turkey’s population declining Güldem AtabayPosted on20 April, 202120 April, 2021 Turkish Statistical Office (TURKSTAT) announced while Turkey’s population was 83 million 614 thousand 362 people … Continue ReadingShare of children in Turkey’s population declining
Categories Economy HIGHLIGHTS Swapgate: AKP’s efforts to justify 128 billion dollar reserve meltdown continue Güldem AtabayPosted on20 April, 2021 Turkey’s decision to keep interest rates at below inflation last year was a one-off necessitated … Continue ReadingSwapgate: AKP’s efforts to justify 128 billion dollar reserve meltdown continue
Categories Economy HIGHLIGHTS Politics Turkey Finance Minister Says FX sales were legal and calls on Cenbank to publish FX sale data Güldem AtabayPosted on19 April, 2021 It would be “beneficial” for the central bank to publish the data on the use … Continue ReadingTurkey Finance Minister Says FX sales were legal and calls on Cenbank to publish FX sale data
Categories Economy Finance HIGHLIGHTS Central Bank Governor’ explanation on 128 billion dollar fx reserve meltdown: Yet the question remains Güldem AtabayPosted on16 April, 2021 Shahap Kavcioglu, Governor of the Central Bank of the Republic of Turkey, responded to allegations … Continue ReadingCentral Bank Governor’ explanation on 128 billion dollar fx reserve meltdown: Yet the question remains
Categories Company & Industry Economy HIGHLIGHTS Turkey bans crypto payments citing risks, hits Bitcoin price Güldem AtabayPosted on16 April, 2021 Turkey’s central bank banned the use of cryptocurrencies and crypto assets to purchase goods and … Continue ReadingTurkey bans crypto payments citing risks, hits Bitcoin price
Categories Economy General HIGHLIGHTS Politics Erdogan Is Turning Turkey Into a Chinese Client State Güldem AtabayPosted on16 April, 2021 Turkish President Recep Tayyip Erdogan used to send shockwaves to Beijing with his outspoken support … Continue ReadingErdogan Is Turning Turkey Into a Chinese Client State
Categories Economy Emerging Markets Finance General HIGHLIGHTS HYPED Politics The real story behind Turkey’s 128 bn dollar fx reserve loss I Kerim Rota Güldem AtabayPosted on15 April, 2021 Is it possible to return to the Roulette table? How did the “reserve leakage” arise? … Continue ReadingThe real story behind Turkey’s 128 bn dollar fx reserve loss I Kerim Rota
Categories Economy General HIGHLIGHTS Policy rate kept at 19 percent; so when is the next rate cut? Güldem AtabayPosted on15 April, 2021 Turkey’s central bank held rates steady at 19% as expected on Thursday and dropped a … Continue ReadingPolicy rate kept at 19 percent; so when is the next rate cut?
Categories Economy HIGHLIGHTS Erdogan’s new dove: Five questions for Turkey’s central bank Güldem AtabayPosted on14 April, 202114 April, 2021 Turkey’s fourth central bank chief in less than two years will oversee his first policy … Continue ReadingErdogan’s new dove: Five questions for Turkey’s central bank
Categories Economy HIGHLIGHTS Turkey’s economy seen regaining pace, expanding 4.8 percent in 2021 Güldem AtabayPosted on14 April, 2021 Turkey’s economy will grow 4.8% in 2021, rebounding strongly from a slump brought on by … Continue ReadingTurkey’s economy seen regaining pace, expanding 4.8 percent in 2021
Categories HIGHLIGHTS Politics Kavala, Demirtas and now Altan: ECHR rules Turkish writer Altan’s rights were violated Güldem AtabayPosted on13 April, 2021 Europe’s top human rights court ruled on Tuesday that the right to liberty and freedom … Continue ReadingKavala, Demirtas and now Altan: ECHR rules Turkish writer Altan’s rights were violated
Categories Economy Finance General HIGHLIGHTS Turkey’s Halkbank urges end of U.S. prosecution alleging Iran sanctions violations Güldem AtabayPosted on13 April, 2021 A lawyer for Halkbank told a U.S. appeals court on Monday that the state-owned Turkish … Continue ReadingTurkey’s Halkbank urges end of U.S. prosecution alleging Iran sanctions violations
Categories Economy General HIGHLIGHTS Citi cuts Turkey growth forecast to 3.4%, sees no case for rate cuts Güldem AtabayPosted on13 April, 2021 Citi cut its 2021 economic growth estimate for Turkey on Tuesday to 3.4% from 4%, … Continue ReadingCiti cuts Turkey growth forecast to 3.4%, sees no case for rate cuts
Categories Economy Emerging Markets HIGHLIGHTS JPMorgan downgrades emerging market currencies to ‘underweight’ Güldem AtabayPosted on13 April, 2021 Investment bank JPMorgan recommended selling emerging market currencies on Tuesday, completing a 180-degree pivot from … Continue ReadingJPMorgan downgrades emerging market currencies to ‘underweight’
Categories Economy HIGHLIGHTS Politics Canada cancels export permits for drone technology to Turkey over use in Nagorno-Karabakh Güldem AtabayPosted on12 April, 2021 Canadian Minister of Foreign Affairs Marc Garneau has announced a permit cancellation for weaponry to … Continue ReadingCanada cancels export permits for drone technology to Turkey over use in Nagorno-Karabakh
Categories General HIGHLIGHTS Politics Turkish Medical Association: Hospitals full of Covid patients, new services not enough Güldem AtabayPosted on12 April, 2021 The new Covid-19 services set up at hospitals in the face of the third peak … Continue ReadingTurkish Medical Association: Hospitals full of Covid patients, new services not enough
Categories Business Economy General Tech Turkey’s gaming industry attracts investors, but not without concerns Güldem AtabayPosted on12 April, 2021 According to a 2020 annual report published by the Esports agency Gaming in Turkey (GIT), … Continue ReadingTurkey’s gaming industry attracts investors, but not without concerns
Categories General Russia restricts flights to Turkey amid COVID-19 surge, political tensions Güldem AtabayPosted on12 April, 202112 April, 2021 Russia will restrict flights to and from Turkey from April 15 to June 1 due … Continue ReadingRussia restricts flights to Turkey amid COVID-19 surge, political tensions
