Categories Economy HIGHLIGHTS Turkey’s inflation hits 38.2% in June amidst Lira’s depreciation Güldem AtabayPosted on5 July, 2023 Core inflation, which excludes volatile items, witnessed an annual increase of 47.3%, up from 46.6% … Continue ReadingTurkey’s inflation hits 38.2% in June amidst Lira’s depreciation
Categories Economy Finance HIGHLIGHTS Markets Central Bank promises further gradual tightening and simplification of rules Güldem AtabayPosted on3 July, 2023 Following the change of the CBRT Governor, the minutes of the 650 basis point rate … Continue ReadingCentral Bank promises further gradual tightening and simplification of rules
Categories Economy HIGHLIGHTS June PMI: Output growth at near two-year high, inflationary forces reaccelarate Güldem AtabayPosted on3 July, 2023 Turkish manufacturers continued to expand production at the end of the second quarter of the … Continue ReadingJune PMI: Output growth at near two-year high, inflationary forces reaccelarate
Categories Economy HIGHLIGHTS Inflation Research Group (ENAG), founded by a group of independent academics calculate June inflation as 108,6 percent Güldem AtabayPosted on3 July, 2023 According to unofficial data from the ENAG Inflation Research Group, an independent institution set up … Continue ReadingInflation Research Group (ENAG), founded by a group of independent academics calculate June inflation as 108,6 percent
Categories Economy HIGHLIGHTS Turkish State Banks Resume Supporting Lira as Rout Deepens Güldem AtabayPosted on3 July, 2023 As reported by Bloomberg, according to traders Turkey’s state-run lenders re-entered the foreign-currency market on Monday … Continue ReadingTurkish State Banks Resume Supporting Lira as Rout Deepens
Categories Economy HIGHLIGHTS Prof. Hakan Kara: Turkey still has a long road back to financial normalcy Güldem AtabayPosted on3 July, 2023 Is Turkey’s experiment with unconventional monetary policy over? Some signs suggest it may be. Since … Continue ReadingProf. Hakan Kara: Turkey still has a long road back to financial normalcy
Categories Economy HIGHLIGHTS Prof. Demiralp: Turkey’s Economic U-Turn? Güldem AtabayPosted on2 July, 2023 Turkey’s central bank has finally ended its era of easy monetary policy, which had reflected … Continue ReadingProf. Demiralp: Turkey’s Economic U-Turn?
Categories Economy HIGHLIGHTS World Bank approves one-billion-dollar financing for Turkey’s earthquake reconstruction Güldem AtabayPosted on1 July, 2023 The World Bank has announced its approval of 1 billion US dollars in financing to … Continue ReadingWorld Bank approves one-billion-dollar financing for Turkey’s earthquake reconstruction
Categories Economy HIGHLIGHTS Politics Report: Turkish drug lords control 20% of Middle East cocaine market Güldem AtabayPosted on1 July, 2023 A study by Insight Crime suggests that Turkish drug traffickers, known for their involvement in … Continue ReadingReport: Turkish drug lords control 20% of Middle East cocaine market
Categories Economy HIGHLIGHTS Retail prices in Istanbul surge by 3.46% in June Güldem AtabayPosted on1 July, 2023 The annual change rate in Istanbul was 55.19% for retail prices and 64.27% for wholesale … Continue ReadingRetail prices in Istanbul surge by 3.46% in June
Categories Economy HIGHLIGHTS Central Bank governor Gaye Erkan highlights confidence in Türkiye’s inflation fight Atilla YeşiladaPosted on24 June, 2023 Turkey’s newly-appointed central bank Governor Hafize Gaye Erkan said there is confidence in the government’s … Continue ReadingCentral Bank governor Gaye Erkan highlights confidence in Türkiye’s inflation fight
Categories Economy HIGHLIGHTS Timothy Ash comments on the rate hike decision: “flexible exchange rate will attract capital inflows” Güldem AtabayPosted on22 June, 202322 June, 2023 In the end the markets were disappointed, with the new CBRT governor, Erkan, only managing … Continue ReadingTimothy Ash comments on the rate hike decision: “flexible exchange rate will attract capital inflows”
Categories Economy HIGHLIGHTS Turkey seeks Gulf investments in energy and defense sectors after UAE talks Güldem AtabayPosted on22 June, 2023 The visit by Turkish Vice President Cevdet Yilmaz and Finance Minister Mehmet Simsek signifies Turkey’s … Continue ReadingTurkey seeks Gulf investments in energy and defense sectors after UAE talks
Categories Economy HIGHLIGHTS Central bank rate hike falls short of expectations, rate decision note weak Güldem AtabayPosted on22 June, 202322 June, 2023 Turkey’s Central Bank hiked interest rates by 650 basis points to 15% for the first … Continue ReadingCentral bank rate hike falls short of expectations, rate decision note weak
Categories Economy HIGHLIGHTS Gedik Invest: Trending towards a normalization in economy policies; its sustainability is crucial Atilla YeşiladaPosted on22 June, 2023 Mehmet Şimşek, following his appointment as the new Treasury and Finance Minister, expressed that Turkey … Continue ReadingGedik Invest: Trending towards a normalization in economy policies; its sustainability is crucial
Categories Economy Finance HIGHLIGHTS Erdogan Ally Points To ‘Painful’ Rate Hike, a wide range of rate hike forecasts clouds the picture Atilla YeşiladaPosted on20 June, 2023 Turkish President Recep Tayyip Erdogan’s influential ruling coalition partner said Tuesday that the government needed … Continue ReadingErdogan Ally Points To ‘Painful’ Rate Hike, a wide range of rate hike forecasts clouds the picture
Categories Business Economy HYPED Türkiye’s consumer sentiment plunges in June Atilla YeşiladaPosted on20 June, 2023 Turkish consumer sentiment plummeted to a three-month low in June, the latest official figures released … Continue ReadingTürkiye’s consumer sentiment plunges in June
Categories Atilla Yeşilada Economy HIGHLIGHTS Video analysis: Can Mehmet Şimşek Rescue Turkish Economy? Atilla YeşiladaPosted on20 June, 2023 Video analysis: Can Mehmet Şimşek Rescue Turkish Economy? Can Mehmet Simsek rescue Turkish … Continue ReadingVideo analysis: Can Mehmet Şimşek Rescue Turkish Economy?
Categories Economy HIGHLIGHTS Mehmet Simsek startled by the budget disaster—Journalist Atilla YeşiladaPosted on19 June, 2023 Mehmet Şimşek, who has served in senior positions such as the Minister of Finance and … Continue ReadingMehmet Simsek startled by the budget disaster—Journalist
Categories Economy HIGHLIGHTS Erdogan: Fighting inflation is priority number 1 Atilla YeşiladaPosted on19 June, 2023 President Recep Tayyip Erdoğan has vowed to bring inflation, which is currently running at below … Continue ReadingErdogan: Fighting inflation is priority number 1
