Categories Economy Finance HIGHLIGHTS Turkish central bank’s efforts to guard lira: Costlier Dollar for Some Firms Güldem AtabayPosted on20 March, 2023 According to Bloomberg, Turkey’s central bank asked commercial lenders last week to use a dual … Continue ReadingTurkish central bank’s efforts to guard lira: Costlier Dollar for Some Firms
Categories Economy HIGHLIGHTS AKP preparing to return to orthodox policies, former economy czar Mehmet Simsek invited Atilla YeşiladaPosted on16 March, 2023 The draft election manifesto of Turkish President Tayyip Erdogan’s AK Party marks a return to … Continue ReadingAKP preparing to return to orthodox policies, former economy czar Mehmet Simsek invited
Categories Economy Politics Syrian leader Assad says he won’t meet Erdogan until Turkey ends its ‘occupation’ Güldem AtabayPosted on16 March, 202316 March, 2023 During a visit to Moscow for talks with Russian President Vladimir Putin, Syrian President Assad … Continue ReadingSyrian leader Assad says he won’t meet Erdogan until Turkey ends its ‘occupation’
Categories Economy HIGHLIGHTS January external deficit soars to $10 bn, financing concerns mount Atilla YeşiladaPosted on14 March, 2023 Turkey has posted a record high current account deficit, underscoring the challenge facing President Recep … Continue ReadingJanuary external deficit soars to $10 bn, financing concerns mount
Categories Economy HYPED Politics Opposition Win Expected to Boost Turkish Economy: Economists Cem CetingucPosted on11 March, 202311 March, 2023 Turkey’s economy would likely experience an immediate boost, especially from foreign investment, should the opposition … Continue ReadingOpposition Win Expected to Boost Turkish Economy: Economists
Categories Economy General HIGHLIGHTS Earthquake Exodus Endangers Turkish Manufacturing Cem CetingucPosted on11 March, 202311 March, 2023 Mehmet Alkan, a shoe-sole manufacturer in Turkey’s earthquake-hit south, doesn’t know what will become of … Continue ReadingEarthquake Exodus Endangers Turkish Manufacturing
Categories Economy Finance HIGHLIGHTS Turkey Government Pushing Lenders to Cut Rates on Consumer Loans Güldem AtabayPosted on11 March, 2023 Turkey’s central bank is forcing commercial lenders to lower the interest rates they charge for … Continue ReadingTurkey Government Pushing Lenders to Cut Rates on Consumer Loans
Categories Economy General Turkish industrial production rose 4.5 percent in January Cem CetingucPosted on10 March, 202310 March, 2023 Türkiye’s industrial production in January expanded by 4.5% on a yearly basis, official figures from … Continue ReadingTurkish industrial production rose 4.5 percent in January
Categories Economy HIGHLIGHTS UN: Earthquake damage in Turkey set to exceed $100 billion Güldem AtabayPosted on7 March, 2023 The figure is being used as a basis for a donor conference to mobilize funds … Continue ReadingUN: Earthquake damage in Turkey set to exceed $100 billion
Categories Economy HIGHLIGHTS Politics Opposition block back together again: Presidential candidate of opposition block is Kilicdaroglu Güldem AtabayPosted on6 March, 2023 Following a five-hour meeting of six party leaders, main opposition’s leader Kemal Kilicdaroglu has been … Continue ReadingOpposition block back together again: Presidential candidate of opposition block is Kilicdaroglu
Categories Economy General HIGHLIGHTS Turkey’s inflation falls to 55.2 percent in February Cem CetingucPosted on3 March, 2023 Türkiye’s inflation eased slightly more than expected in February, official data showed Friday, but prices … Continue ReadingTurkey’s inflation falls to 55.2 percent in February
Categories Economy HIGHLIGHTS Politics A post-Erdogan Turkey could come in from the cold Güldem AtabayPosted on2 March, 2023 Noting that Erdogan has lost popularity since the earthquakes, a new Reuters article highlights possible … Continue ReadingA post-Erdogan Turkey could come in from the cold
Categories Economy HIGHLIGHTS Markets Politics Goldman warns of possible currency market turbulence in Turkey ahead of elections Güldem AtabayPosted on2 March, 2023 The Wall Street bank Goldman Sachs said problems could arise in foreign exchange markets in … Continue ReadingGoldman warns of possible currency market turbulence in Turkey ahead of elections
Categories Economy HIGHLIGHTS Chamber of commerce reports Istanbul inflation rate as 79 percent Güldem AtabayPosted on1 March, 2023 Ahead of the nationwide inflation data to be released by the government-run Turkish Statistical Institute … Continue ReadingChamber of commerce reports Istanbul inflation rate as 79 percent
Categories Economy HIGHLIGHTS Turkey’s Manufacturing sector PMI holds at 50.1 in February Güldem AtabayPosted on1 March, 2023 February’s earthquake impacted operations in the Turkish manufacturing sector during the month, as outlined by … Continue ReadingTurkey’s Manufacturing sector PMI holds at 50.1 in February
Categories Economy HIGHLIGHTS Turkey: fourth-quarter GDP growth driven by domestic demand Güldem AtabayPosted on28 February, 2023 Turkish GDP in the final quarter of 2022 was driven by robust private consumption, while … Continue ReadingTurkey: fourth-quarter GDP growth driven by domestic demand
Categories Economy General HIGHLIGHTS Earthquake’s Aftermath: “Reconstruction Cost of Housing and Infrastructure to Exceed $45 Billion” Cem CetingucPosted on22 February, 202322 February, 2023 Two weeks after the Hatay earthquake , the damage assessment is also nearing completion. So … Continue ReadingEarthquake’s Aftermath: “Reconstruction Cost of Housing and Infrastructure to Exceed $45 Billion”
Categories Economy Finance General HIGHLIGHTS Turkey’s State-Backed Markets Have Few Charms for Foreigners Güldem AtabayPosted on21 February, 2023 Before last week, the stock market was one of Turkey’s last economic pillars that was … Continue ReadingTurkey’s State-Backed Markets Have Few Charms for Foreigners
Categories Economy General HIGHLIGHTS Turkish economy trembles after devistating earthquake Cem CetingucPosted on21 February, 2023 Turkey was already battling runaway inflation and relying on rich allies for funding to keep … Continue ReadingTurkish economy trembles after devistating earthquake
Categories Economy HIGHLIGHTS Politics Turkish President Erdoğan’s grip on power threatened by devastating earthquake Güldem AtabayPosted on19 February, 2023 The earthquake that struck Turkey on Feb. 6, 2023, is first and foremost a human tragedy, one … Continue ReadingTurkish President Erdoğan’s grip on power threatened by devastating earthquake