Categories Economy HIGHLIGHTS ‘Good news’ from VP Cevdet Yılmaz: ‘No additional tax until the end of the year’ Atilla YeşiladaPosted on30 July, 2023 Vice President Cevdet Yılmaz, arguing that the main factor in tax increases is the earthquake, … Continue Reading‘Good news’ from VP Cevdet Yılmaz: ‘No additional tax until the end of the year’
Categories Economy HIGHLIGHTS Gaye Erkan’s first Inflation Report : Correct diagnosis, but no real remedy for inflation Atilla YeşiladaPosted on28 July, 2023 Erkan, the first female governor of the bank, said inflation will rise “in the short … Continue ReadingGaye Erkan’s first Inflation Report : Correct diagnosis, but no real remedy for inflation
Categories Economy HIGHLIGHTS New inflation forecast by Gedik Invest: 69 percent by year-end Atilla YeşiladaPosted on27 July, 2023 We revise our end-2023 CPI inflation forecast to 69% from 55% In July, we expect … Continue ReadingNew inflation forecast by Gedik Invest: 69 percent by year-end
Categories Atilla Yeşilada Economy HIGHLIGHTS Erdogan’s U-turn in economic policy promises hope for Turkey Atilla YeşiladaPosted on25 July, 2023 Columnist Atilla Yesilada explains why Erdogan gave up on his crazy economic ideas, entrusting the … Continue ReadingErdogan’s U-turn in economic policy promises hope for Turkey
Categories Economy HIGHLIGHTS Turkish Central Bank implements quantitative tightening as new regulations take effect Güldem AtabayPosted on25 July, 2023 The Turkish Central Bank has implemented “quantitative tightening” measures, including new regulations exempting export and … Continue ReadingTurkish Central Bank implements quantitative tightening as new regulations take effect
Categories Economy HIGHLIGHTS Turkey’s central bank raises interest rate less than expected, to 17.5% Güldem AtabayPosted on21 July, 2023 Turkey’s central bank on Thursday hiked its key interest rate by 250 basis points to … Continue ReadingTurkey’s central bank raises interest rate less than expected, to 17.5%
Categories Economy HIGHLIGHTS Turkey: Price of fuel climbs up by over 20% after increase in taxes Güldem AtabayPosted on17 July, 2023 In a flurry of tax hikes, the price of gasoline, diesel oil and natural gas … Continue ReadingTurkey: Price of fuel climbs up by over 20% after increase in taxes
Categories Economy HIGHLIGHTS Turkish budget deficit soars to $8.37 billion, Finance Minister calls for cost-saving measures Güldem AtabayPosted on17 July, 2023 Turkish Finance Minister Mehmet Simsek has implemented measures to address the widening budget deficit, including … Continue ReadingTurkish budget deficit soars to $8.37 billion, Finance Minister calls for cost-saving measures
Categories Economy HIGHLIGHTS Tim Ash: Turkey economic outlook- A game of jenga Güldem AtabayPosted on17 July, 2023 I spent the week in Turkey, visiting Istanbul and Ankara, meeting the usual mix of … Continue ReadingTim Ash: Turkey economic outlook- A game of jenga
Categories Economy General HIGHLIGHTS FT: Turkey triples petrol taxes as Erdoğan tries to repair public finances Güldem AtabayPosted on17 July, 2023 Measure prompts concerns over higher inflation after increases in value added tax. Turkey has tripled … Continue ReadingFT: Turkey triples petrol taxes as Erdoğan tries to repair public finances
Categories Economy HIGHLIGHTS Journalist claims Erdogan already frustrated by Mehmet Simsek Atilla YeşiladaPosted on15 July, 2023 It is alleged that President Erdoğan listened quietly in his meetings with the economy team, … Continue ReadingJournalist claims Erdogan already frustrated by Mehmet Simsek
Categories Economy HIGHLIGHTS Politics Sweden’s Supreme Court rules against extradition of two Turkish citizens Güldem AtabayPosted on14 July, 2023 Downloading and using a mobile application do not equate to participation in a terrorist organization, … Continue ReadingSweden’s Supreme Court rules against extradition of two Turkish citizens
Categories Economy HIGHLIGHTS Housing sales plunge by 44.4% in Turkey as market faces steep decline Güldem AtabayPosted on14 July, 2023 A total of 83,636 units sold in June in Turkey, while mortgage-based sales and second-hand … Continue ReadingHousing sales plunge by 44.4% in Turkey as market faces steep decline
Categories Business Economy HIGHLIGHTS Could Erdoganomics spread across EM? Atilla YeşiladaPosted on12 July, 2023 Turkey’s economy does not obviously inspire emulation. Over the past five years it has been … Continue ReadingCould Erdoganomics spread across EM?
Categories Economy HIGHLIGHTS Politics Turkish finance minister, c. bank chief to visit Saudi Arabia ahead of Erdogan visit Güldem AtabayPosted on12 July, 2023 Turkey’s finance minister and central bank governor will travel to Saudi Arabia on Wednesday to meet … Continue ReadingTurkish finance minister, c. bank chief to visit Saudi Arabia ahead of Erdogan visit
Categories Economy HIGHLIGHTS Politics Turkey approves Sweeden’s NATO access, Biden to move forward with the sale of F-16 fighter jets to Turkey Güldem AtabayPosted on11 July, 2023 NATO chief has announced after a trilateral meeting in Vilnius that Turkish President Erdogan has … Continue ReadingTurkey approves Sweeden’s NATO access, Biden to move forward with the sale of F-16 fighter jets to Turkey
Categories Economy HIGHLIGHTS Turkey’s current-account deficit widens in May Güldem AtabayPosted on11 July, 2023 The current-account deficit in Turkey soared to $7.93 billion in May, compared with a $5.40 … Continue ReadingTurkey’s current-account deficit widens in May
Categories Economy HIGHLIGHTS More tax hikes in Turkey, revenues falling short of the civil servant wage hike bill Güldem AtabayPosted on7 July, 20237 July, 2023 Turkey woke up to a wave of price increases on the last day of the … Continue ReadingMore tax hikes in Turkey, revenues falling short of the civil servant wage hike bill
Categories Economy HIGHLIGHTS Politics New report presents Turkey as a transit country for narcotics Güldem AtabayPosted on6 July, 2023 According to a new report, Turkey is a transit country for drug trafficking and a … Continue ReadingNew report presents Turkey as a transit country for narcotics
Categories Economy HIGHLIGHTS Turkey to raise corporate tax to fund earthquake rebuilding, shifts treasury-run portion of the forex-protected lira deposit accounts to CBRT Güldem AtabayPosted on5 July, 2023 A draft law proposes to raise corporate taxes from 20% to 25% and to fund … Continue ReadingTurkey to raise corporate tax to fund earthquake rebuilding, shifts treasury-run portion of the forex-protected lira deposit accounts to CBRT
