Categories Economy HIGHLIGHTS Politics WSJ: NATO’s Electoral Message for Erdoğan Güldem AtabayPosted on18 January, 2023 By John Bolton / The alliance ought to put Ankara’s membership on the chopping block if … Continue ReadingWSJ: NATO’s Electoral Message for Erdoğan
Categories Economy General HIGHLIGHTS Turkish inflation seen at 42.5 precent in 2023 Cem CetingucPosted on18 January, 2023 Turkey’s inflation is expected to fall to 42.5% this year, much higher than an official … Continue ReadingTurkish inflation seen at 42.5 precent in 2023
Categories Economy General HIGHLIGHTS Politics Kılıçdaroğlu critizes government’s economic policy, promises ‘family insurance’ plan Cem CetingucPosted on17 January, 202317 January, 2023 Main opposition Republican People’s Party (CHP) leader Kemal Kılıçdaroğlu has criticized the government over its economic policies … Continue ReadingKılıçdaroğlu critizes government’s economic policy, promises ‘family insurance’ plan
Categories Economy HIGHLIGHTS Garanti BBVA: Rapid recovery signals in activity Atilla YeşiladaPosted on17 January, 2023 Activity indicators signaled the continuation of weakness till late Dec22 but starting from thereafter early … Continue ReadingGaranti BBVA: Rapid recovery signals in activity
Categories Economy HIGHLIGHTS Politics Turkey eyes early elections on May 14 after hint by President Erdogan Güldem AtabayPosted on16 January, 2023 Turkish President Recep Tayyip Erdogan again hinted that elections will be brought forward to May … Continue ReadingTurkey eyes early elections on May 14 after hint by President Erdogan
Categories Economy General HIGHLIGHTS Living conditions worsen due to inflation in Turkey despite pay hikes Cem CetingucPosted on13 January, 2023 The government announced a 55-per cent increase in the official minimum wage for 2023 to … Continue ReadingLiving conditions worsen due to inflation in Turkey despite pay hikes
Categories Economy HIGHLIGHTS Despite soaring current account deficit, Central Bank FX reserves continue to increase Atilla YeşiladaPosted on12 January, 2023 Cover chart in Turkish: Annualized current account deficits November’s balance of payments data show … Continue ReadingDespite soaring current account deficit, Central Bank FX reserves continue to increase
Categories Economy Emerging Markets HIGHLIGHTS World Bank signals once a decade recession Atilla YeşiladaPosted on10 January, 202310 January, 2023 WASHINGTON — The global economy will come “perilously close” to a recession this year, led … Continue ReadingWorld Bank signals once a decade recession
Categories Company & Industry Economy General HIGHLIGHTS Turkish government announces low interest mortgages for mid-income citizens Cem CetingucPosted on4 January, 2023 Mortgages with lower rates and longer maturities will be offered to middle-income Turkish citizens looking … Continue ReadingTurkish government announces low interest mortgages for mid-income citizens
Categories Economy HIGHLIGHTS Turkey Asks Banks to Slow Dollar Purchases Until Next Week Güldem AtabayPosted on28 December, 2022 According to Bloomberg, Turkey’s central bank asked commercial lenders to refrain from carrying out large … Continue ReadingTurkey Asks Banks to Slow Dollar Purchases Until Next Week
Categories Economy HIGHLIGHTS Turkish lira weakens to record low of 18.84 against dollar, with losses near 30 pct Güldem AtabayPosted on27 December, 2022 Turkey’s lira briefly touched a record low of 18.8440 against the dollar early on Monday … Continue ReadingTurkish lira weakens to record low of 18.84 against dollar, with losses near 30 pct
Categories Economy HIGHLIGHTS Turkish manufacturing capacity utilization rate drops to 75,9 percent Güldem AtabayPosted on27 December, 2022 The capacity utilization rate of the Turkish manufacturing industry declined to 75.9% in December, according … Continue ReadingTurkish manufacturing capacity utilization rate drops to 75,9 percent
Categories Economy HIGHLIGHTS Minister warns grocery chains not to increase prices too much after minimum wage hike Güldem AtabayPosted on26 December, 2022 Trade Minister Mehmed Muş has hosted the heads of four grocery chains to warn them … Continue ReadingMinister warns grocery chains not to increase prices too much after minimum wage hike
Categories Economy HIGHLIGHTS RTÜK fines three TV outlets over coverage of İstanbul mayor’s trial, one over the host “praising terrorism with mimics” during a program Güldem AtabayPosted on22 December, 2022 The Radio and Television Supreme Council (RTÜK) penalized TV channels Halk TV, TELE1 and FOX … Continue ReadingRTÜK fines three TV outlets over coverage of İstanbul mayor’s trial, one over the host “praising terrorism with mimics” during a program
Categories Economy HIGHLIGHTS Turkey raises minimum wage by 54 percent Güldem AtabayPosted on22 December, 202222 December, 2022 The minimum monthly wage in Türkiye will be 8,506 lira (455 US dollars) in 2023, … Continue ReadingTurkey raises minimum wage by 54 percent
Categories Economy General HIGHLIGHTS Politics Turkish minimum wage increases to 8500 TL Cem CetingucPosted on22 December, 2022 President Recep Tayyip Erdoğan announced on Dec. 22 that the minimum wage will be raised by 55 … Continue ReadingTurkish minimum wage increases to 8500 TL
Categories Economy HIGHLIGHTS Politics Erdogan vows to tackle Turkey’s high inflation Cem CetingucPosted on21 December, 2022 President Recep Tayyip Erdoğan on Dec. 21 vowed to sharply decline the inflation in Turkey … Continue ReadingErdogan vows to tackle Turkey’s high inflation
Categories Economy HIGHLIGHTS Turkish consumer confidence weakens in december Güldem AtabayPosted on21 December, 202221 December, 2022 Turkeye’s consumer confidence index fell 1.3% to 75.6 points in December, official data showed on … Continue ReadingTurkish consumer confidence weakens in december
Categories Economy HIGHLIGHTS Politics Turkish court sentences Erdogan rival to jail with political ban Güldem AtabayPosted on14 December, 202214 December, 2022 Istanbul mayor handed 2-year 7-month jail sentence Imamoglu accused of insulting public officials in speech … Continue ReadingTurkish court sentences Erdogan rival to jail with political ban
Categories Economy General HIGHLIGHTS Syrian refugees consider ‘going back’ due to Turkish economic crisis Cem CetingucPosted on14 December, 2022 Amid rampant inflation and an economic crisis in Turkey, and with an election scheduled in … Continue ReadingSyrian refugees consider ‘going back’ due to Turkish economic crisis
