Categories Economy HIGHLIGHTS Markets Simsek: Turkey nearing positive real interest rate to curb inflation Güldem AtabayPosted on13 October, 2023 Turkish Finance Minister Mehmet Simsek emphasized the importance of a positive real interest rate to … Continue ReadingSimsek: Turkey nearing positive real interest rate to curb inflation
Categories Economy HIGHLIGHTS Politics Months on, there are few signs that Turkey plans to honor its pledge to help Sweden join NATO Güldem AtabayPosted on12 October, 2023 Three months after NATO announced that Turkish President Recep Tayyip Erdogan had agreed to let Sweden become … Continue ReadingMonths on, there are few signs that Turkey plans to honor its pledge to help Sweden join NATO
Categories Economy HIGHLIGHTS Abu Dhabi Wealth Fund in talks to build Istanbul railway linking Europe and Asia Güldem AtabayPosted on5 October, 2023 According to Turkish officials familiar with the matter, the railway would cross the Yavuz Sultan … Continue ReadingAbu Dhabi Wealth Fund in talks to build Istanbul railway linking Europe and Asia
Categories Economy HIGHLIGHTS Politics Turkish drone shot down by US forces in northern Syria as Turkish airstrikes hit strategic assets in Northeastern Syria Güldem AtabayPosted on5 October, 2023 Turkey’s National Intelligence Agency carried out strikes in Syria against Kurdish militant targets after a … Continue ReadingTurkish drone shot down by US forces in northern Syria as Turkish airstrikes hit strategic assets in Northeastern Syria
Categories Economy HIGHLIGHTS Turkish CPI inflation surges beyond 60% and more is to come Güldem AtabayPosted on3 October, 20233 October, 2023 Turkish inflation hit a record 61.53% in September according to data from the Turkish Statistical … Continue ReadingTurkish CPI inflation surges beyond 60% and more is to come
Categories Economy HIGHLIGHTS Turkey PMI rises to 49.6 in September: Demand held up rather well Güldem AtabayPosted on2 October, 2023 Business conditions in the Turkish manufacturing sector moved closer to stabilisation at the end of … Continue ReadingTurkey PMI rises to 49.6 in September: Demand held up rather well
Categories Economy HIGHLIGHTS BOTAŞ hikes natural gas prices for industrial use, electricity production Güldem AtabayPosted on2 October, 2023 Prices for household consumption have remained steady. The Petroleum Pipeline Corporation (BOTAŞ) has unveiled the … Continue ReadingBOTAŞ hikes natural gas prices for industrial use, electricity production
Categories Economy HIGHLIGHTS The Istanbul Chamber of Commerce has announced that prices in the megacity increased by 5.46 percent in September compared to the previous month while the annual inflation was 73.18 percent. Güldem AtabayPosted on2 October, 2023 The Istanbul Chamber of Commerce (ITO) has published the retail and wholesale price indices for September for … Continue ReadingThe Istanbul Chamber of Commerce has announced that prices in the megacity increased by 5.46 percent in September compared to the previous month while the annual inflation was 73.18 percent.
Categories Economy HIGHLIGHTS Turkish Central Bank’s covert forex sales total $226 billion Güldem AtabayPosted on2 October, 2023 Turkish Central Bank’s undisclosed “backdoor” forex sales continued in July and August, totaling $30 billion, … Continue ReadingTurkish Central Bank’s covert forex sales total $226 billion
Categories Economy HIGHLIGHTS TEPAV: To achieve a decrease in inflation, the policy interest rate should be raised to 45% next year Güldem AtabayPosted on27 September, 202327 September, 2023 TEPAV (Economic Policy Research Foundation of Turkey) has evaluated that raising the policy interest rate … Continue ReadingTEPAV: To achieve a decrease in inflation, the policy interest rate should be raised to 45% next year
Categories Economy HIGHLIGHTS Turkey’s Finance Minister on FT: Measures aimed at inflation control, rebuilding foreign reserves and reducing the current account deficit Güldem AtabayPosted on27 September, 2023 Mehmet Simsek outlined efforts to reverse past economic policies and rebuild investor confidence through measures … Continue ReadingTurkey’s Finance Minister on FT: Measures aimed at inflation control, rebuilding foreign reserves and reducing the current account deficit
Categories Atilla Yeşilada Columnists Economy HIGHLIGHTS Atilla Yesilada: Turkish economy still too hot for comfort Atilla YeşiladaPosted on20 September, 2023 On Monday, private financial broadcaster BloombergHT published its September preliminary consumer survey, which is even … Continue ReadingAtilla Yesilada: Turkish economy still too hot for comfort
Categories Economy HIGHLIGHTS HSBC ups policy rate forecast, downgrades GDP growth Atilla YeşiladaPosted on19 September, 2023 Investment bank HSBC increased its year-end forecast for the policy rate in Turkey from 30 … Continue ReadingHSBC ups policy rate forecast, downgrades GDP growth
Categories Economy HIGHLIGHTS Turkey in talks with China for further nuclear construction Güldem AtabayPosted on15 September, 2023 Energy Minister Alparslan Bayraktar said Turkey is closing in on an agreement with China for construction of a … Continue ReadingTurkey in talks with China for further nuclear construction
Categories Economy HIGHLIGHTS Politics Turkish companies sanctioned by US for “supporting Moscow in its war against Ukraine” Güldem AtabayPosted on15 September, 202315 September, 2023 The sanctioned companies are Margiana Insaat Dis Ticaret, Demirci Bilisim Ticaret Sanayi, Denkar Ship Construction, ID Ship Agency and CTL Limited. … Read More >Turkish companies sanctioned by US for “supporting Moscow in its war against Ukraine”
Categories Economy HIGHLIGHTS Central Bank survey indicates rising year-end inflation and dollar rate expectations in Turkey Güldem AtabayPosted on15 September, 202315 September, 2023 A recent survey conducted by Turkish Central Bank projects a steep rise in year-end inflation … Continue ReadingCentral Bank survey indicates rising year-end inflation and dollar rate expectations in Turkey
Categories Economy HIGHLIGHTS August cash budget heralds improving fiscal stance Atilla YeşiladaPosted on12 September, 2023 The high expenditures and lackadaisical tax revenues which marked the pre-election period gave way to … Continue ReadingAugust cash budget heralds improving fiscal stance
Categories Economy HIGHLIGHTS ANALYSIS: Turkey’s current account deficit widens in July Atilla YeşiladaPosted on12 September, 2023 After some relief in June with a surplus of $0.7 billion, Turkey’s current account dove … Continue ReadingANALYSIS: Turkey’s current account deficit widens in July
Categories Economy HIGHLIGHTS Turkey to seek more revenue outside budget, including privatisation -Simsek Güldem AtabayPosted on12 September, 2023 Finance Minister Mehmet Simsek said on Monday that Turkey’s government would seek further revenues outside … Continue ReadingTurkey to seek more revenue outside budget, including privatisation -Simsek
Categories Business Economy HIGHLIGHTS July industrial production soft, further weakening expected Atilla YeşiladaPosted on11 September, 2023 “According to Industrial Production Index, seasonally and calendar adjusted production contracted by 0.4% monthly in … Continue ReadingJuly industrial production soft, further weakening expected
