Categories Economy HIGHLIGHTS Politics It’s Not The Economy, Stupid: Why Turkish Elections Are About More Than Money Güldem AtabayPosted on3 April, 2023 The upcoming Turkish elections on May 14th, 2023 defy conventional wisdom. Turkey’s economic downturn and … Continue ReadingIt’s Not The Economy, Stupid: Why Turkish Elections Are About More Than Money
Categories Economy HIGHLIGHTS S&P downgrades Turkey’s outlook, updates dollar/TL forecast Atilla YeşiladaPosted on1 April, 2023 S&P Global Ratings lowered its outlook on Turkey from “stable” to “negative” on Friday, citing … Continue ReadingS&P downgrades Turkey’s outlook, updates dollar/TL forecast
Categories Economy HIGHLIGHTS Turkey’s Trade Deficit Soars by Over 50 percent in February Cem CetingucPosted on31 March, 2023 Turkey’s foreign trade deficit surged 51.4% year on year to $12.08 billion in February, with … Continue ReadingTurkey’s Trade Deficit Soars by Over 50 percent in February
Categories Economy General HIGHLIGHTS UN reports massive job loss after Turkey-Syria earthquake Cem CetingucPosted on29 March, 202329 March, 2023 Hundreds of thousands of workers in Turkey and Syria have lost their livelihoods due to … Continue ReadingUN reports massive job loss after Turkey-Syria earthquake
Categories Economy HIGHLIGHTS Peru’s authorities seize 2.3 tons of cocaine heading to Turkey Güldem AtabayPosted on28 March, 202329 March, 2023 According to officials from Peru, it was the first time they had such an incident … Continue ReadingPeru’s authorities seize 2.3 tons of cocaine heading to Turkey
Categories Economy HIGHLIGHTS Politics Turkey’s banks conduct stress tests ahead of election amid economic uncertainty Cem CetingucPosted on28 March, 202328 March, 2023 Big Turkish banks have launched internal stress tests against possible market shocks due to the … Continue ReadingTurkey’s banks conduct stress tests ahead of election amid economic uncertainty
Categories Economy General HIGHLIGHTS Life will gradually get back to normal after earthquake: Erdoğan Cem CetingucPosted on28 March, 2023 With the revival of the economy, industrial production and other activities, the return of locals to … Continue ReadingLife will gradually get back to normal after earthquake: Erdoğan
Categories Economy HIGHLIGHTS HYPED Turkey’s unemployment rate fell to 10.4 percent in 2022 Cem CetingucPosted on24 March, 2023 The unemployment rate was at 10.4% in Türkiye last year, down from 12% in 2021, … Continue ReadingTurkey’s unemployment rate fell to 10.4 percent in 2022
Categories Economy Emerging Markets General HIGHLIGHTS Foreign investors show interest in Turkish economy after years of instability Cem CetingucPosted on24 March, 2023 Scores of foreign investors are returning to Istanbul and Ankara after years in the cold … Continue ReadingForeign investors show interest in Turkish economy after years of instability
Categories Economy General HIGHLIGHTS Politics Erdogan Aims to Revive Turkey’s Economic Standing Prior to Election Cem CetingucPosted on23 March, 2023 Former Turkish economy tsar Mehmet Simsek’s refusal to return to politics has left President Tayyip … Continue ReadingErdogan Aims to Revive Turkey’s Economic Standing Prior to Election
Categories Economy General HIGHLIGHTS Erdogan: Turkey to Lose 104 Billion dollars due to Earthquakes Cem CetingucPosted on22 March, 202322 March, 2023 The February earthquakes are expected to cost 104 billion dollars (~2 trillion Turkish liras) to … Continue ReadingErdogan: Turkey to Lose 104 Billion dollars due to Earthquakes
Categories Economy General HIGHLIGHTS HYPED Turkey’s earthquake aftermath leads to an even larger budget deficit Cem CetingucPosted on20 March, 2023 Turkey’s central government budget recorded a deficit of 170.56 billion lira ($8.99 billion) in February, … Continue ReadingTurkey’s earthquake aftermath leads to an even larger budget deficit
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
