Categories Economy Finance HIGHLIGHTS FT reports that Turkey’s sovereign wealth fund offers $500mn bond deal Güldem AtabayPosted on7 February, 20247 February, 2024 The Turkey Wealth Fund is moving forward with its intentions to launch its first international … Continue ReadingFT reports that Turkey’s sovereign wealth fund offers $500mn bond deal
Categories Economy HIGHLIGHTS TUIK: Majority in Turkey unable to afford week-long holiday Cem CetingucPosted on6 February, 20246 February, 2024 While Turkey’s wealthiest top 20 percent earned nearly half of the country’s total income in … Continue ReadingTUIK: Majority in Turkey unable to afford week-long holiday
Categories Economy HIGHLIGHTS Markets Turkish foreign trade gap narrows by 3.2 percent in 2023 Cem CetingucPosted on6 February, 2024 Türkiye’s foreign trade deficit narrowed by 3.2% year-over-year in 2023, official data showed on Wednesday, … Continue ReadingTurkish foreign trade gap narrows by 3.2 percent in 2023
Categories Economy General HIGHLIGHTS Biggest issue is the high cost of living according to Turks Cem CetingucPosted on6 February, 20246 February, 2024 An overwhelming majority of Turks see the high cost of living as the country’s most … Continue ReadingBiggest issue is the high cost of living according to Turks
Categories Economy HIGHLIGHTS ANALYSIS: Wage shock boosts inflation Atilla YeşiladaPosted on5 February, 2024 Wage shock transmitted quickly and harshly to final prices In January, consumer inflation was 6.7% … Continue ReadingANALYSIS: Wage shock boosts inflation
Categories Business Economy General HIGHLIGHTS Survey: Services Sector in China continues to grow Cem CetingucPosted on5 February, 20245 February, 2024 A private gauge of China’s services activity expanded in January, likely helped by a boost … Continue ReadingSurvey: Services Sector in China continues to grow
Categories Economy Finance HIGHLIGHTS JP Morgan: CBRT likely more hawkish under new leadership Atilla YeşiladaPosted on4 February, 2024 President Erdogan appointed hawkish Deputy Governor Fatih Karahan as CBRT Governor, replacing Hafize Gaye Erkan. … Continue ReadingJP Morgan: CBRT likely more hawkish under new leadership
Categories Economy HIGHLIGHTS Central Bank Governor Erkan “sacked” new appointed Governor is Fatih Karahan Güldem AtabayPosted on2 February, 20243 February, 2024 Central Bank Governor Hafize Gaye Erkan announced her resignation on February 2 with a statement … Continue ReadingCentral Bank Governor Erkan “sacked” new appointed Governor is Fatih Karahan
Categories Economy HIGHLIGHTS Turkey’s Central Bank Governor Hafize Gaye Erkan resigns Güldem AtabayPosted on2 February, 2024 Hafize Gaye Erkan resigned, Treasury and Finance Minister Mehmet Şimşek said, “I wish success to … Continue ReadingTurkey’s Central Bank Governor Hafize Gaye Erkan resigns
Categories Economy Finance HIGHLIGHTS Markets Fed keeps interest rates untouched Cem CetingucPosted on1 February, 2024 The U.S. Federal Reserve (Fed) announced Wednesday that it has decided to keep the interest … Continue ReadingFed keeps interest rates untouched
Categories Economy General HIGHLIGHTS IMF raises Turkey’s economic growth estimation Cem CetingucPosted on30 January, 202430 January, 2024 The International Monetary Fund (IMF) on Tuesday cited unexpected “resilience” in major advanced and emerging … Continue ReadingIMF raises Turkey’s economic growth estimation
Categories Economy General HIGHLIGHTS Turkey’s consumer confidence index reaches 7-month high Cem CetingucPosted on26 January, 202426 January, 2024 Türkiye’s consumer confidence index in January reached its highest level of the past seven months, … Continue ReadingTurkey’s consumer confidence index reaches 7-month high
Categories Business Economy HIGHLIGHTS Turkey’s business confidence ticks up in January, other data paints mixed picture of economic activity Atilla YeşiladaPosted on26 January, 202426 January, 2024 The Turkish Business Confidence numbers for January 2024 were released on Thursday morning, clocking in … Continue ReadingTurkey’s business confidence ticks up in January, other data paints mixed picture of economic activity
Categories Economy HIGHLIGHTS Erdogan decries ‘rumors’ after news article about cenbank chief Güldem AtabayPosted on25 January, 2024 Turkish President Tayyip Erdogan decried on Wednesday efforts to spread “rumors” meant to undermine economic … Continue ReadingErdogan decries ‘rumors’ after news article about cenbank chief
Categories Economy Finance HIGHLIGHTS Markets Broad investor community reengaging with Türkiye: JP Morgan Güldem AtabayPosted on25 January, 2024 A broad base of the investor community is reengaging with Türkiye amid the change in … Continue ReadingBroad investor community reengaging with Türkiye: JP Morgan
Categories Economy General HIGHLIGHTS Türkiye finalizes initial phase of state-run companies reform Cem CetingucPosted on25 January, 202425 January, 2024 Türkiye on Tuesday announced it had completed the initial phase of reforms sought to enhance … Continue ReadingTürkiye finalizes initial phase of state-run companies reform
Categories Economy Finance General HIGHLIGHTS EBRD invested a whopping €2.5 billion in Türkiye last year Cem CetingucPosted on25 January, 2024 The European Bank for Reconstruction and Development (EBRD) invested a record €2.48 billion in Türkiye in 2023, … Continue ReadingEBRD invested a whopping €2.5 billion in Türkiye last year
Categories Economy HIGHLIGHTS Politics President Biden sent a letter to members of Congress urging them to approve the sale of F-16 fighter jets to Turkey Güldem AtabayPosted on24 January, 202424 January, 2024 The Biden administration has sent a letter to members of Congress, urging approval for a … Continue ReadingPresident Biden sent a letter to members of Congress urging them to approve the sale of F-16 fighter jets to Turkey
Categories Economy HIGHLIGHTS Markets Annual rate of increase in Turkish house prices declines Cem CetingucPosted on23 January, 202423 January, 2024 According to Sahibindex’s research, the annual rate of increase in real rental prices in January … Continue ReadingAnnual rate of increase in Turkish house prices declines
Categories Economy HIGHLIGHTS Consumer confidence is at a 7-month high: Salary hikes boost morale Güldem AtabayPosted on23 January, 2024 According to the consumer confidence index data for January announced by the Turkish Statistical Institute … Continue ReadingConsumer confidence is at a 7-month high: Salary hikes boost morale
