Categories Business General HYPED Erdogan promises draconian hikes to pensions Atilla YeşiladaPosted on20 December, 2021 Some 13.5 million retirees in Turkey will receive at least 40 percent raise to their … Continue ReadingErdogan promises draconian hikes to pensions
Categories Business General HIGHLIGHTS President Erdoğan and Elon Musk chew over investment opportunities Cem CetingucPosted on17 December, 202117 December, 2021 President Recep Tayyip Erdoğan and the founder of Tesla and space entrepreneur Elon Musk held … Continue ReadingPresident Erdoğan and Elon Musk chew over investment opportunities
Categories Business Company & Industry Economy Finance HIGHLIGHTS The liquidity threat looming over markets in 2022 Cem CetingucPosted on17 December, 2021 After nearly two years of solid gains across stock markets, will the feared roller-coaster return? … Continue ReadingThe liquidity threat looming over markets in 2022
Categories Business HYPED Qatar leaves Turkey in cold water with ExxonMobil deal Atilla YeşiladaPosted on12 December, 2021 US giant ExxonMobil and Qatar Energy signed a contract Friday for oil and gas exploration … Continue ReadingQatar leaves Turkey in cold water with ExxonMobil deal
Categories Business General HIGHLIGHTS CHP warns of a food crisis in Turkey Atilla YeşiladaPosted on11 December, 2021 Republican People’s Party (CHP) Niğde MP Ömer Fethi Gürer has announced that the price of … Continue ReadingCHP warns of a food crisis in Turkey
Categories Business General HIGHLIGHTS 2021 was a bad year for Turkish movie theathers as spectator numbers decline drastically Cem CetingucPosted on11 December, 2021 Cinema has been among the sectors most affected by the coronavirus pandemic, and the normalization … Continue Reading2021 was a bad year for Turkish movie theathers as spectator numbers decline drastically
Categories Business Finance HIGHLIGHTS NEW: S&P lowers Turkey outlook to negative, citing ‘rising risks’ Atilla YeşiladaPosted on10 December, 2021 S&P Global Ratings on Friday changed its outlook for Turkey’s credit rating to negative from … Continue ReadingNEW: S&P lowers Turkey outlook to negative, citing ‘rising risks’
Categories Business Economy HIGHLIGHTS Apparel exports boom while retailers fight for survival amid Turkey’s economic crisis Cem CetingucPosted on9 December, 2021 The country’s currency, the lira, has lost almost half its value against the dollar so … Continue ReadingApparel exports boom while retailers fight for survival amid Turkey’s economic crisis
Categories Business Company & Industry HIGHLIGHTS Tofas: Reflecting FX spike in revenues; adding conviction to new model opportunity Cem CetingucPosted on8 December, 2021 We raise our TP for Tofas to TRY108.70 (from TRY50.10) and reiterate our Outperform rating. … Continue ReadingTofas: Reflecting FX spike in revenues; adding conviction to new model opportunity
Categories Business Finance HIGHLIGHTS Scope Ratings: 2022 may prove a flash-point year for Turkey Atilla YeşiladaPosted on8 December, 2021 We downgraded Turkey (B/Negative) in late 2020 (with foreign-currency ratings lowered one notch to B). … Continue ReadingScope Ratings: 2022 may prove a flash-point year for Turkey
Categories Business HIGHLIGHTS VoA: Business Owners in Turkey Brace as Lira Drops Atilla YeşiladaPosted on6 December, 2021 5 min video Click link: The Turkish lira has been hitting new record lows … Continue ReadingVoA: Business Owners in Turkey Brace as Lira Drops
Categories Business HIGHLIGHTS TL crash spills over to real economy Atilla YeşiladaPosted on4 December, 20214 December, 2021 Turkey’s lira crisis is threatening to put Mehmet Sapci’s 86-year-old pharmaceutical company out of business. … Continue ReadingTL crash spills over to real economy
Categories Business Company & Industry Finance HIGHLIGHTS Kordsa: Reinforced By Surging Demand Cem CetingucPosted on1 December, 20211 December, 2021 We are initiating coverage of Kordsa Teknik Tekstil (“Kordsa”) with a Buy rating and a … Continue ReadingKordsa: Reinforced By Surging Demand
Categories Business Company & Industry Finance HIGHLIGHTS Downgrading Turkish banks; spotlight on capital Cem CetingucPosted on1 December, 2021 Until now, resilient financial performance of Turkish banks led to us to maintain Buy/High Risk … Continue ReadingDowngrading Turkish banks; spotlight on capital
Categories Business Company & Industry HIGHLIGHTS Turkish Automotive : Great expectations Cem CetingucPosted on30 November, 202130 November, 2021 In this report, we transfer coverage and revisit the investment cases of Ford Otosan, Tofas … Continue ReadingTurkish Automotive : Great expectations
Categories Business Company & Industry HIGHLIGHTS HSBC Global Research: TUPRS (Hold maintained) Cem CetingucPosted on30 November, 202130 November, 2021 Strategic transition plan: Tupras management released yesterday the details of its Strategic Transition Plan … Continue ReadingHSBC Global Research: TUPRS (Hold maintained)
Categories Business Company & Industry TPAO awards contract to Wood for Turkey’s largest gas reserve Cem CetingucPosted on30 November, 2021 Turkey’s state energy company Turkish Petroleum Corporation (TPAO) has appointed Wood, the global consulting and … Continue ReadingTPAO awards contract to Wood for Turkey’s largest gas reserve
Categories Business General HIGHLIGHTS Turkey is Collateral Damage in Erdoğan’s Hostage Diplomacy Atilla YeşiladaPosted on30 November, 2021 Mordy and Natalie Oknin, an Israeli couple visiting Istanbul, filmed a video last week to … Continue ReadingTurkey is Collateral Damage in Erdoğan’s Hostage Diplomacy
Categories Business General Erdogan orders probe into Turkish lira’s slump – Anadolu Agency Atilla YeşiladaPosted on28 November, 2021 Turkish President Tayyip Erdogan has ordered an investigation into possible currency manipulation after the lira … Continue ReadingErdogan orders probe into Turkish lira’s slump – Anadolu Agency
Categories Business Finance Central Bank Financial Stability Report: Turkish banking sector can manage funding, liquidity risks Atilla YeşiladaPosted on26 November, 2021 Turkey’s banking sector has adequate buffers to manage funding and liquidity risks, the Central Bank … Continue ReadingCentral Bank Financial Stability Report: Turkish banking sector can manage funding, liquidity risks
