Categories Economy HIGHLIGHTS Turkey current account gap widens, pushing 12-month deficit to 5.3 percent of GDP Güldem AtabayPosted on12 April, 2021 Turkey’s current account deficit (CAD) grew by 89 percent in February from a year ago, … Continue ReadingTurkey current account gap widens, pushing 12-month deficit to 5.3 percent of GDP
Categories Economy General Turkey’s construction cost index flat in February over January Güldem AtabayPosted on12 April, 2021 In February 2021, construction cost index (CCI) decreased by 0.03% compared with previous month yet … Continue ReadingTurkey’s construction cost index flat in February over January
Categories Economy HIGHLIGHTS Turkish central bank to keep policy rate at 19% this week Güldem AtabayPosted on12 April, 2021 The Turkish lira weakened on Monday as investor concerns grew over deteriorating economic conditions in … Continue ReadingTurkish central bank to keep policy rate at 19% this week
Categories Economy General HIGHLIGHTS Growing support for Istanbul Convention, declining votes for Erdoğan Güldem AtabayPosted on12 April, 202112 April, 2021 The Operational Social Research Center has shared the findings of its March 2021 public opinion … Continue ReadingGrowing support for Istanbul Convention, declining votes for Erdoğan
Categories Economy HIGHLIGHTS Central bank governor change pushes up inflation expectations significantly Güldem AtabayPosted on9 April, 20219 April, 2021 According to the Central Bank’s Expectations Survey for April 2021, consumer inflation (CPI) expectations rose … Continue ReadingCentral bank governor change pushes up inflation expectations significantly
Categories Economy General Selva Demiralp: Inflation, central bank credibility, institutional independence Güldem AtabayPosted on9 April, 2021 As the former Fed chair Ben Bernanke once put it, “Monetary policy is 98 percent … Continue ReadingSelva Demiralp: Inflation, central bank credibility, institutional independence
Categories Economy HIGHLIGHTS HYPED Turkish cenbank to hold rates in new chief’s first decision – Reuters poll Güldem AtabayPosted on8 April, 2021 Turkey’s central bank is expected to hold interest rates at 19% next week at its … Continue ReadingTurkish cenbank to hold rates in new chief’s first decision – Reuters poll
Categories Economy HIGHLIGHTS Turkey’s net FX reserves lowest in 18 years at $10.68 billion Güldem AtabayPosted on8 April, 2021 The Turkish central bank’s net international reserves fell to its lowest level since 2003 at … Continue ReadingTurkey’s net FX reserves lowest in 18 years at $10.68 billion
Categories Economy HIGHLIGHTS Turkey’s daily new COVID-19 cases near 56,000, at record high Güldem AtabayPosted on8 April, 2021 Turkey recorded 55,941 new coronavirus cases in the last 24 hours, health ministry data showed … Continue ReadingTurkey’s daily new COVID-19 cases near 56,000, at record high
Categories HIGHLIGHTS Politics Italy’s Draghi accuses ‘dictator’ Erdogan, draws Turkey’s condemnation Güldem AtabayPosted on8 April, 2021 Italian Prime Minister Mario Draghi on Thursday accused Turkish President Tayyip Erdogan of humiliating European … Continue ReadingItaly’s Draghi accuses ‘dictator’ Erdogan, draws Turkey’s condemnation
Categories Economy HIGHLIGHTS Politics EU-Turkey in blame game over ‘sofagate’ after von der Leyen left standing Güldem AtabayPosted on8 April, 2021 Turkey and Europe are buying and selling blame over who left the European Fee chief … Continue ReadingEU-Turkey in blame game over ‘sofagate’ after von der Leyen left standing
Categories Economy HIGHLIGHTS Erdogan’s central bank overhaul set up slower growth, higher inflation Güldem AtabayPosted on8 April, 2021 Turkish President Erdogan set the stage for higher inflation and slower economic growth when he … Continue ReadingErdogan’s central bank overhaul set up slower growth, higher inflation
Categories Economy General Politics Foreign Affairs: U.S.-Russian Relations Will Only Get Worse Güldem AtabayPosted on8 April, 2021 It is hard to imagine that U.S.-Russian relations could get much worse, but sadly, they … Continue ReadingForeign Affairs: U.S.-Russian Relations Will Only Get Worse
Categories Economy HIGHLIGHTS Fitch Ratings: Refinancing risks for Turkish banks have increased Güldem AtabayPosted on7 April, 2021 Refinancing risks for Turkish banks have increased following the replacement of Turkey’s central bank (CBRT) … Continue ReadingFitch Ratings: Refinancing risks for Turkish banks have increased
Categories General Politics Turkish government ‘orchestrated troll armies during pandemic’ Güldem AtabayPosted on7 April, 2021 The ruling Justice and Development Party (AKP) orchestrated troll armies during the COVID-19 pandemic, Amnesty … Continue ReadingTurkish government ‘orchestrated troll armies during pandemic’
Categories Economy HIGHLIGHTS Politics Erdogan: Interest rates will be lowered to single digits; main opposition CHP behind the retired admirals declaration Güldem AtabayPosted on7 April, 2021 Turkish President Erdoğan said a declaration by over 100 retired naval admirals at the weekend … Continue ReadingErdogan: Interest rates will be lowered to single digits; main opposition CHP behind the retired admirals declaration
Categories Economy HIGHLIGHTS Turkey tops Europe for COVID-19 infections as cases reach record high Güldem AtabayPosted on7 April, 20217 April, 2021 COVID-19 cases in Turkey hit a daily 49,584 on Tuesday, the highest figure since the … Continue ReadingTurkey tops Europe for COVID-19 infections as cases reach record high
Categories HIGHLIGHTS Politics Fukuyama: Droning On in the Middle East Güldem AtabayPosted on7 April, 2021 Back in the early 2010s when I first started playing with drones, I speculated in the FT that … Continue ReadingFukuyama: Droning On in the Middle East
Categories Company & Industry HIGHLIGHTS Turkcell Sounds Out Banks on IPO Plan for Its Internet Unit Güldem AtabayPosted on6 April, 2021 Turkey’s biggest mobile operator Turkcell Iletisim Hizmetleri AS has approached several investment banks for an advisory role … Continue ReadingTurkcell Sounds Out Banks on IPO Plan for Its Internet Unit
Categories Economy HIGHLIGHTS Central Bank blames commodity prices, wek TL and supply problems for rising inflation Güldem AtabayPosted on6 April, 2021 The Central Bank has released the Monthly Price Developments Report for March. With monthly consumer … Continue ReadingCentral Bank blames commodity prices, wek TL and supply problems for rising inflation
