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
Categories Economy HIGHLIGHTS Earthquakes Weigh on Turkey’s Already Struggling Economy Güldem AtabayPosted on19 February, 2023 The earthquakes that devastated Turkey and Syria last week are heaping new stresses on the … Continue ReadingEarthquakes Weigh on Turkey’s Already Struggling Economy
Categories Economy Finance HIGHLIGHTS Politics Turkey earthquake: World Bank estimated making homes safe would cost $465bn Güldem AtabayPosted on19 February, 2023 The World Bank estimated in 2021 that retrofitting or rebuilding millions of residential buildings in Turkey to … Continue ReadingTurkey earthquake: World Bank estimated making homes safe would cost $465bn
Categories Economy General HIGHLIGHTS Turkey Earthquake Threatens 1% GDP Loss in 2023, Experts Warn Cem CetingucPosted on17 February, 2023 The potential economic effects of the earthquake in Turkey could result in a loss of up to … Continue ReadingTurkey Earthquake Threatens 1% GDP Loss in 2023, Experts Warn
Categories Economy HIGHLIGHTS Özlem Derici Şengül Ozlem Derici Sengul: January budget deficit driven by transfers to loss-making SEEs Atilla YeşiladaPosted on16 February, 2023 January budget deficit at 32.2 billion TL … The central government budget, which had a … Continue ReadingOzlem Derici Sengul: January budget deficit driven by transfers to loss-making SEEs
Categories Economy HIGHLIGHTS Politics Prof Esfender Korkmaz: If it postpones the election, there will be no AKP!.. Atilla YeşiladaPosted on16 February, 202316 February, 2023 Who is Esfender Korkmaz? Prof Esfender Korkmaz is one of the most senior active economists … Continue ReadingProf Esfender Korkmaz: If it postpones the election, there will be no AKP!..
Categories Economy Finance HIGHLIGHTS Central bank imposes more restrictions on currency transactions Güldem AtabayPosted on16 February, 202316 February, 2023 As reported by Bloomberg the Turkish central bank has asked local banks to make forward … Continue ReadingCentral bank imposes more restrictions on currency transactions
Categories Economy HIGHLIGHTS Turkish central bank asks banks to set spread on gold as demand surges due to protection efforts from high inflation Güldem AtabayPosted on15 February, 202316 February, 2023 As reported by Bloomberg, the Turkish central bank has asked local banks to set a … Continue ReadingTurkish central bank asks banks to set spread on gold as demand surges due to protection efforts from high inflation
Categories Economy HIGHLIGHTS Politics Turkey earthquake death toll suggests lessons of 1999 were not learned Güldem AtabayPosted on14 February, 2023 In 1999, more than 17,000 people were killed in an earthquake near the Turkish city of Istanbul. … Continue ReadingTurkey earthquake death toll suggests lessons of 1999 were not learned
