Categories Economy HIGHLIGHTS S&P warns: Turkey risks introducing additional capital controls Güldem AtabayPosted on8 June, 2022 International credit rating agency Standard & Poor’s (S&P) said Turkey is at increased risk of … Continue ReadingS&P warns: Turkey risks introducing additional capital controls
Categories Economy General HIGHLIGHTS UPDATE: Russia and Turkey raise hopes of grain export corridor from Ukraine Güldem AtabayPosted on8 June, 20228 June, 2022 UPDATE: Grain Talks in Ankara Show No Signs of Progress (Bloomberg) — Talks between Russia … Continue ReadingUPDATE: Russia and Turkey raise hopes of grain export corridor from Ukraine
Categories Economy HIGHLIGHTS Markets Lira Sinks to 17 Per Dollar as Erdogan Rate Talk Fuels Forex Demand Güldem AtabayPosted on8 June, 20228 June, 2022 Turkey’s lira tumbled beyond 17 per dollar for the first time since December amid a … Continue ReadingLira Sinks to 17 Per Dollar as Erdogan Rate Talk Fuels Forex Demand
Categories Economy Emerging Markets General HIGHLIGHTS Markets Reuters: Turkish Lira continues to weaken, Nebati says rates to stay put Cem CetingucPosted on7 June, 20227 June, 2022 Turkey’s lira slid to beyond 16.55 against the dollar on Monday, bringing its losses to … Continue ReadingReuters: Turkish Lira continues to weaken, Nebati says rates to stay put
Categories Economy General HIGHLIGHTS Politics CHP leader pledges to end poverty in Turkey Cem CetingucPosted on3 June, 2022 The main opposition Republican People’s Party (CHP) leader said he would end the “poverty” in Turkey … Continue ReadingCHP leader pledges to end poverty in Turkey
Categories Economy HIGHLIGHTS Turkey Targets Lira Short Selling by Focusing on Niche Bonds Güldem AtabayPosted on3 June, 2022 Turkey is planning to restrict purchases by domestic investors of new lira bonds sold by … Continue ReadingTurkey Targets Lira Short Selling by Focusing on Niche Bonds
Categories Economy General HIGHLIGHTS Turkey’s inflation reaches 73.5 percent in May Cem CetingucPosted on3 June, 20223 June, 2022 Turkey’s annual inflation rate rose at a lower-than-expected pace in May but still jumped to … Continue ReadingTurkey’s inflation reaches 73.5 percent in May
Categories Economy Finance General HIGHLIGHTS Macro Snapshot: Manufacturing PMI remained stable at 49.2 in May Cem CetingucPosted on2 June, 2022 Manufacturing PMI remained stable at 49.2 in May and continued to stay at the contractionary … Continue ReadingMacro Snapshot: Manufacturing PMI remained stable at 49.2 in May
Categories Company & Industry Economy General HIGHLIGHTS Turkey raises natural gas and power prices amid ‘perfect eceonomic storm’ Cem CetingucPosted on2 June, 2022 Turkey raised natural gas and power prices on Wednesday and its energy importer blamed a … Continue ReadingTurkey raises natural gas and power prices amid ‘perfect eceonomic storm’
Categories Economy HIGHLIGHTS Bloomberg HT Consumer Confidence Index fell 10.1 percent in May Güldem AtabayPosted on1 June, 2022 Bloomberg HT Consumer Confidence Index fell 10.10 percent in May compared to the previous month … Continue ReadingBloomberg HT Consumer Confidence Index fell 10.1 percent in May
Categories Economy HIGHLIGHTS Istanbul inflation at 87.4 percent in may as the official figure is due for Friday Güldem AtabayPosted on1 June, 20221 June, 2022 Istanbul inflation, which is considered the leading indicator for the TURKSTAT Turkey-wide inflation data to … Continue ReadingIstanbul inflation at 87.4 percent in may as the official figure is due for Friday
Categories Economy HIGHLIGHTS Turkey manufacturing PMI: Below 50,0 benchmark-again Güldem AtabayPosted on1 June, 2022 Turkey’s headline PMI was unchanged at 49.2 in May. The reading signalled a third successive … Continue ReadingTurkey manufacturing PMI: Below 50,0 benchmark-again
Categories Business Economy General HIGHLIGHTS HYPED Turkey eases pandemic restrictions for foreign visitors Cem CetingucPosted on1 June, 2022 The Interior Ministry announced that polymerase chain reaction (PCR) tests would not be asked from visitors arriving … Continue ReadingTurkey eases pandemic restrictions for foreign visitors
Categories Economy Finance General HIGHLIGHTS Macro View: Economic activity remains buoyant with pulled-forward domestic demand Cem CetingucPosted on1 June, 2022 1Q22 GDP growth reaches 7.3%, in line with expectations. TurkStat announced that 1Q22 GDP growth reached … Continue ReadingMacro View: Economic activity remains buoyant with pulled-forward domestic demand
Categories Economy HIGHLIGHTS Turkey’s 1Q22 GDP growth at 7.3 percent- inflation surge speeds up consumption Güldem AtabayPosted on31 May, 2022 Turkey’s annual economic growth for 2Q22 is 7.3 percent led by consumer spending and exports. … Continue ReadingTurkey’s 1Q22 GDP growth at 7.3 percent- inflation surge speeds up consumption
Categories Economy General HIGHLIGHTS Turkish economy grows 7.3 percent in first quarter Cem CetingucPosted on31 May, 2022 Turkey’s economy topped forecasts to expand by 7.3% in the first quarter of 2022, official … Continue ReadingTurkish economy grows 7.3 percent in first quarter
Categories Atilla Yeşilada Columnists Economy HIGHLIGHTS Video Commentary: Erdogan’s Lethal Economic Legacy Atilla YeşiladaPosted on31 May, 2022 100% inflation, $50 bn current account deficit, $181 bn foreign debt coming due. After … Continue ReadingVideo Commentary: Erdogan’s Lethal Economic Legacy
Categories Company & Industry Economy General HIGHLIGHTS Markets Turkish publishers struggle to survive amid economic crisis Cem CetingucPosted on30 May, 2022 Turkish publishers are increasingly struggling to release new books and face agonising choices to survive amid … Continue ReadingTurkish publishers struggle to survive amid economic crisis
Categories Economy HIGHLIGHTS Turkish inflation rate may hit 200 percent, research group says Atilla YeşiladaPosted on29 May, 2022 Consumer price inflation in Turkey may accelerate to more than 200 percent, local research organization … Continue ReadingTurkish inflation rate may hit 200 percent, research group says
Categories Economy General HIGHLIGHTS Turkish government contemplates rent price cap to battle against soaring prices Cem CetingucPosted on25 May, 2022 To discuss the sharp increase in housing and rent prices, the Ministry of Environment, Urbanization … Continue ReadingTurkish government contemplates rent price cap to battle against soaring prices