Categories Economy General HIGHLIGHTS Foreign investors trust Türkiye: Minister Şimşek Cem CetingucPosted on23 April, 2024 Foreign investors trust Türkiye and their worries about the economic program the government implements have disappeared, Finance Minister Mehmet Şimşek has said. … Continue ReadingForeign investors trust Türkiye: Minister Şimşek
Categories Company & Industry Economy General HIGHLIGHTS Markets Politics President Erdogan addresses Turkish Economy, Defense, and Gaza Support Cem CetingucPosted on17 April, 202417 April, 2024 Following the conclusion of the local elections on March 31 and the Ramadan holiday, President … Continue ReadingPresident Erdogan addresses Turkish Economy, Defense, and Gaza Support
Categories Economy General HIGHLIGHTS Turkey’s Q1 Budget Deficit Surpasses $15.8 Billion Cem CetingucPosted on17 April, 2024 Turkey’s central government budget posted a deficit of 209 billion Turkish liras ($6.5B) in March, … Continue ReadingTurkey’s Q1 Budget Deficit Surpasses $15.8 Billion
Categories Economy HIGHLIGHTS CBRT to decleare $25 bln Loss for 2023 Cem CetingucPosted on17 April, 202417 April, 2024 Türkiye’s central bank posted a 2023 loss of 818.2 billion lira ($25.25 billion), showed its … Continue ReadingCBRT to decleare $25 bln Loss for 2023
Categories Economy HIGHLIGHTS Most of the annual contraction in current account deficit completed, high reserve loss in February as expected Güldem AtabayPosted on17 April, 2024 Turkey’s current account deficit was 3.27 billion dollars in February, below the expected deficit of … Continue ReadingMost of the annual contraction in current account deficit completed, high reserve loss in February as expected
Categories Economy HIGHLIGHTS Markets Turkish exports hit all-time high: Trade Ministry Cem CetingucPosted on15 April, 202415 April, 2024 Türkiye’s share in global goods exports increased from 1.02 percent in 2022 to a record 1.08 percent … Continue ReadingTurkish exports hit all-time high: Trade Ministry
Categories Economy General HIGHLIGHTS Economy czar Simsek to initiate spending cuts Atilla YeşiladaPosted on10 April, 2024 According to pro-government daily Türkiye Gazetesi, Minister of Treasury and Finance Mehmet Şimşek told AKP … Continue ReadingEconomy czar Simsek to initiate spending cuts
Categories Economy HIGHLIGHTS ING: With elections out of the way, Ankara focuses on the economy Atilla YeşiladaPosted on9 April, 2024 While municipal election results showed a better performance by the opposition than pre-election polls had … Continue ReadingING: With elections out of the way, Ankara focuses on the economy
Categories Atilla Yeşilada Economy General HIGHLIGHTS Politics Video Commentary: CHP’s stunning victory shakes up the politcal landcape. What to expect next? Atilla YeşiladaPosted on4 April, 2024 It took me a couple of days to get over the shock of CHP beating … Continue ReadingVideo Commentary: CHP’s stunning victory shakes up the politcal landcape. What to expect next?
Categories Company & Industry Economy General HIGHLIGHTS Turkey’s Manufacturing PMI declines in March Cem CetingucPosted on1 April, 2024 March results of Istanbul Chamber of Industry (ISO) Turkey Manufacturing PMI Survey were announced. … Continue ReadingTurkey’s Manufacturing PMI declines in March
Categories Company & Industry Economy HIGHLIGHTS Annual inflation in Istanbul continues to rise: ITO Data Cem CetingucPosted on1 April, 2024 According to ITO data, retail prices in Istanbul increased by 3.93 percent and wholesale prices … Continue ReadingAnnual inflation in Istanbul continues to rise: ITO Data
Categories Economy HIGHLIGHTS Politics Güldem Atabay: Epic defeat for Erdoğan- A historic turning point in Turkish politics Güldem AtabayPosted on1 April, 20241 April, 2024 In the local elections held on March 31, Erdogan, despite securing a crucial presidential victory … Continue ReadingGüldem Atabay: Epic defeat for Erdoğan- A historic turning point in Turkish politics
Categories Economy General HIGHLIGHTS Politics MHP leader Bahçeli to adress concerns after devastating loss Cem CetingucPosted on1 April, 2024 Following a decline in votes for his party in the March 31 elections, Nationalist Movement … Continue ReadingMHP leader Bahçeli to adress concerns after devastating loss
Categories Economy General HIGHLIGHTS Politics Economic program will continue as intended: Minister Şimşek Cem CetingucPosted on1 April, 20241 April, 2024 As eyes are turning to the economy once again with the election cycle now over, Finance … Continue ReadingEconomic program will continue as intended: Minister Şimşek
Categories Company & Industry Economy Finance HIGHLIGHTS Fitch Raises TWF’s Rating to B+ with Positive Outlook Cem CetingucPosted on27 March, 202427 March, 2024 Fitch’s latest move upgrades Türkiye Wealth Fund’s rating to B+ and signals a positive outlook, … Continue ReadingFitch Raises TWF’s Rating to B+ with Positive Outlook
Categories Economy HIGHLIGHTS HYPED Turks rush into the dollar, gold and stocks as inflation savages TL Cem CetingucPosted on25 March, 2024 Down a dimly lit alleyway tucked just inside Istanbul’s Grand Bazaar, a few dozen men … Continue ReadingTurks rush into the dollar, gold and stocks as inflation savages TL
Categories Company & Industry Economy HIGHLIGHTS Turkish Banks’ NII Conundrum Is Being Resolved Cem CetingucPosted on25 March, 202425 March, 2024 Turkish Banks’ Margin Defense Looks Solid Despite Rising Rates (Bloomberg Intelligence) — Akbank, Garanti, Isbank … Continue ReadingTurkish Banks’ NII Conundrum Is Being Resolved
Categories Business Economy Emerging Markets HIGHLIGHTS Banana, apple exports boost post TL depreciation Cem CetingucPosted on22 March, 202422 March, 2024 According to EastFruit analysts, another collapse in the Turkish national currency has led to significant consequences for … Continue ReadingBanana, apple exports boost post TL depreciation
Categories Economy HIGHLIGHTS Gold smuggling in Turkey has surged due to the widening gap with the world market Güldem AtabayPosted on21 March, 2024 Turkey is experiencing a surge in gold smuggling as individuals seek to capitalize on the … Continue ReadingGold smuggling in Turkey has surged due to the widening gap with the world market
Categories Economy Finance Güldem Atabay HIGHLIGHTS Turkey’s central bank shows muscle with 500 bps rate hike: What’s next from here? Güldem AtabayPosted on21 March, 202421 March, 2024 The Monetary Policy Committee (MPC) of the Central Bank of the Republic of Turkey (CBRT) … Continue ReadingTurkey’s central bank shows muscle with 500 bps rate hike: What’s next from here?