Categories Company & Industry Economy General HIGHLIGHTS Lessons from Turkey’s careless attempt to restrict crypto Cem CetingucPosted on8 August, 2022 The Turkish government’s ambitious plan to restrict the use of cryptocurrencies to protect the local … Continue ReadingLessons from Turkey’s careless attempt to restrict crypto
Categories Business Company & Industry Economy General HIGHLIGHTS Turkish exporters to revise year-end targets amid inflationary pressure Cem CetingucPosted on8 August, 2022 Turkish exporters are revising down year-end targets in a move that could derail the government’s … Continue ReadingTurkish exporters to revise year-end targets amid inflationary pressure
Categories Company & Industry Emerging Markets General HIGHLIGHTS Turkey ranked fourth in the globe for geothermal greenhouses Cem CetingucPosted on5 August, 20225 August, 2022 The surface of greenhouses heated with geothermal energy in Turkey increased by 400% since 2002, … Continue ReadingTurkey ranked fourth in the globe for geothermal greenhouses
Categories Company & Industry Economy General HIGHLIGHTS Reuters: Turkey’s tourism revenues triple despite many Turks stay home Cem CetingucPosted on4 August, 2022 Turkey’s tourism revenues nearly tripled in the second quarter while first-half foreign visitor numbers surged … Continue ReadingReuters: Turkey’s tourism revenues triple despite many Turks stay home
Categories Business Company & Industry Finance General HIGHLIGHTS Turkish Cargo becomes fourth among global air freight companies Cem CetingucPosted on2 August, 2022 The air cargo transportation operator of Turkish Airlines (THY), Turkish Cargo rose to rank fourth among … Continue ReadingTurkish Cargo becomes fourth among global air freight companies
Categories Company & Industry General HIGHLIGHTS Tech Turkey’s first electric car will be introduced to Europe in 2024 Cem CetingucPosted on2 August, 20222 August, 2022 Domestically produced electric vehicle Togg will hit the roads in Türkiye in the first quarter of 2023 … Continue ReadingTurkey’s first electric car will be introduced to Europe in 2024
Categories Business Company & Industry General HIGHLIGHTS Rosatom gives nuclear plant construction deal to TSM Enerji Cem CetingucPosted on1 August, 2022 Russia’s state nuclear energy firm Rosatom has awarded TSM Enerji the contract to undertake the … Continue ReadingRosatom gives nuclear plant construction deal to TSM Enerji
Categories Business Company & Industry General HIGHLIGHTS Markets Indigenization rate in defense industry surpasses 70 percent Cem CetingucPosted on29 July, 2022 The indigenization rate in the country’s defense industry has surpassed 70 percent, Defense Industries Presidency (SSB) head İsmail … Continue ReadingIndigenization rate in defense industry surpasses 70 percent
Categories Business Company & Industry Finance HIGHLIGHTS BofA | TOFAS:Healthy 2Q recovery; reiterate Buy Cem CetingucPosted on29 July, 2022 Increase FY22E-23E EPS on avg by 21%; remain bullish We update our model for Tofas’ … Continue ReadingBofA | TOFAS:Healthy 2Q recovery; reiterate Buy
Categories Business Company & Industry Finance HIGHLIGHTS BIOEN – Turning waste into value (TP: TL13.10/share) Cem CetingucPosted on29 July, 2022 Turning waste into value. Biotrend is a leading player in Municipal solid waste management sector, focusing … Continue ReadingBIOEN – Turning waste into value (TP: TL13.10/share)
Categories Business Company & Industry General HIGHLIGHTS Politics Putin pushes Turkey to produce drones for Russia Cem CetingucPosted on27 July, 2022 Russian President Vladimir Putin is reportedly pushing for Ukraine’s drone supplier to produce weapons for the … Continue ReadingPutin pushes Turkey to produce drones for Russia
Categories Business Company & Industry HIGHLIGHTS Markets Turkish auto industry is on a mission for market expansion Cem CetingucPosted on26 July, 2022 Turkey’s automotive industry, which makes some 80% of its exports to Europe, is now in … Continue ReadingTurkish auto industry is on a mission for market expansion
Categories Business Company & Industry Finance HIGHLIGHTS OZKGY- Outperform maintained with TP of TL10.10/share Cem CetingucPosted on26 July, 2022 2022E unit sales revenue at TL1.3bn Despite counter-cyclical regulatory changes such as cap for house … Continue ReadingOZKGY- Outperform maintained with TP of TL10.10/share
Categories Business Company & Industry General HIGHLIGHTS Turkey’s retail sector confidence witnessed biggest drop since April 2021 Cem CetingucPosted on25 July, 2022 Confidence among firms operating in Turkey’s retail industry dropped after inflation in the country extended … Continue ReadingTurkey’s retail sector confidence witnessed biggest drop since April 2021
Categories Company & Industry General HIGHLIGHTS Markets Bloomberg: Cyprus Gas Discoveries Boosted by EU’s Shift From Russia Supplies Cem CetingucPosted on25 July, 2022 The European Union’s drive to slash reliance on Russian natural gas is boosting the strategic … Continue ReadingBloomberg: Cyprus Gas Discoveries Boosted by EU’s Shift From Russia Supplies
Categories Business Company & Industry Finance General HIGHLIGHTS EBRD loans 50 million dollars to QNB Finansbank for women-lead companies Cem CetingucPosted on23 July, 202223 July, 2022 The European Bank for Reconstruction and Development (EBRD) is providing a loan of up to … Continue ReadingEBRD loans 50 million dollars to QNB Finansbank for women-lead companies
Categories Business Company & Industry HIGHLIGHTS BOTAŞ: Natural gas delivery will halt due to maintenance Cem CetingucPosted on23 July, 2022 Turkey’s state pipeline operator said on Friday that gas flows would halt between Aug. 14 … Continue ReadingBOTAŞ: Natural gas delivery will halt due to maintenance
Categories Company & Industry Markets Spain’s BBVA shifts to hyperinflation accounting in Turkey, shares slide Güldem AtabayPosted on30 June, 202230 June, 2022 Shares in BBVA (BBVA.MC) fell on Wednesday, after the Spanish bank said hyperinflation accounting at its Turkish … Continue ReadingSpain’s BBVA shifts to hyperinflation accounting in Turkey, shares slide
Categories Company & Industry HYPED Markets HSBC Global Research: Taking stock of recent regulations on commercial banks Atilla YeşiladaPosted on30 June, 2022 Policy makers respond to TRY depreciation by influencing market rates through regulating bank balance sheets. … Continue ReadingHSBC Global Research: Taking stock of recent regulations on commercial banks
Categories Business Company & Industry Finance HIGHLIGHTS Turkish Aviation: Heading towards a strong summer Cem CetingucPosted on8 June, 2022 Shift in traffic mix towards international routes should support profitability. Despite the headwinds from Omicron … Continue ReadingTurkish Aviation: Heading towards a strong summer
