Categories Business Economy General HIGHLIGHTS Turkish e-commerce volume increases 116 percent Cem CetingucPosted on22 November, 202222 November, 2022 E-commerce trade volume in Türkiye soared 116 percent year-on-year in the first half of 2022 to stand … Continue ReadingTurkish e-commerce volume increases 116 percent
Categories Company & Industry Economy General HIGHLIGHTS Erdogan: Turkey will impose measures to shops charging excessive prices Cem CetingucPosted on22 November, 2022 Turkish President Tayyip Erdogan said he will hold discussions at the next cabinet meeting on … Continue ReadingErdogan: Turkey will impose measures to shops charging excessive prices
Categories Economy HIGHLIGHTS İs Bank Research: October budget deficit quadruples vs 2021 Atilla YeşiladaPosted on18 November, 2022 The central government budget gave a deficit of 83.3 billion TRY in October. In October, … Continue Readingİs Bank Research: October budget deficit quadruples vs 2021
Categories Economy HIGHLIGHTS Morgan Stanley: Turkey is at a crossroads Atilla YeşiladaPosted on17 November, 2022 Continuing with low interest rates post-2023 elections implies higher inflation and slowerrowth, with risks of … Continue ReadingMorgan Stanley: Turkey is at a crossroads
Categories Business Economy Finance HIGHLIGHTS Fitch warns Turkish lenders about rising risks Cem CetingucPosted on17 November, 2022 Fitch Ratings-London/Dubai-16 November 2022: Turkish banks’ refinancing risks have increased further as macroeconomic imbalances rise, … Continue ReadingFitch warns Turkish lenders about rising risks
Categories Economy General HIGHLIGHTS Turkish tourism soars during mid-term break Cem CetingucPosted on15 November, 2022 Occupancy rates at the hotels in popular tourist destinations, such as Antalya and Cappadocia, have … Continue ReadingTurkish tourism soars during mid-term break
Categories Company & Industry Economy HIGHLIGHTS HYPED Moody’s rises Turkeys 2022 GDP growth estimate to 5.3 percent Cem CetingucPosted on14 November, 2022 International credit rating agency Moody’s on Thursday upgraded its forecast for Türkiye’s economic growth this … Continue ReadingMoody’s rises Turkeys 2022 GDP growth estimate to 5.3 percent
Categories Economy HIGHLIGHTS ING: Despite revisions to current account deficit is still widening Atilla YeşiladaPosted on11 November, 2022 Despite large revisions to the balance of payments data, which significantly raised tourism revenues, the … Continue ReadingING: Despite revisions to current account deficit is still widening
Categories Economy General HIGHLIGHTS Unemployment rate in Turkey increases to 10.1 percent Cem CetingucPosted on11 November, 2022 Turkey’s unemployment rate rose 0.3 percentage points month-on-month to 10.1% in September, while a seasonally … Continue ReadingUnemployment rate in Turkey increases to 10.1 percent
Categories Economy Finance HIGHLIGHTS Markets Turkey and rest of Middle East suffer from US rate hike Cem CetingucPosted on11 November, 2022 The United States’ decision to increase interest rates is putting pressure on economies in the Middle East, … Continue ReadingTurkey and rest of Middle East suffer from US rate hike
Categories Economy General HIGHLIGHTS Politics Turkey jails bakery union head for ‘insulting’ the nation Cem CetingucPosted on11 November, 2022 Turkey jailed a bakery union head for “publicly insulting the Turkish nation” on Wednesday, state … Continue ReadingTurkey jails bakery union head for ‘insulting’ the nation
Categories Economy HIGHLIGHTS HYPED Employement rise in Antalya as Turkish tourism season continues Cem CetingucPosted on7 November, 20227 November, 2022 A prolonged tourism season this year has given a boost to employment in the industry in the … Continue ReadingEmployement rise in Antalya as Turkish tourism season continues
Categories Economy General HIGHLIGHTS ENAG: Turkey’s inflation is almost 200 percent Cem CetingucPosted on6 November, 20226 November, 2022 Inflation has skyrocketed in Turkey as official figures from the Turkish Statistical Institute (Tüik) show … Continue ReadingENAG: Turkey’s inflation is almost 200 percent
Categories Economy HIGHLIGHTS IMF Article 4 review urges rate hikes, phasing out of the FX-protected deposit scheme Güldem AtabayPosted on5 November, 2022 Following the Mission’s Turkey visit, the IMF released a press releases including statements of IMF … Continue ReadingIMF Article 4 review urges rate hikes, phasing out of the FX-protected deposit scheme
Categories Economy HIGHLIGHTS Turkey: Recession and inflation at the same time? Atilla YeşiladaPosted on3 November, 2022 The Turkish government under President Recep Tayyip Erdoğan has refused to abandon a low interest … Continue ReadingTurkey: Recession and inflation at the same time?
Categories Economy HIGHLIGHTS Natasha Turak: Turkey’s inflation tops 85% as Erdogan continues to rule out interest rate hikes Atilla YeşiladaPosted on3 November, 2022 Inflation in Turkey rose for the 17th consecutive month in October, hitting 85.5% year-on-year as … Continue ReadingNatasha Turak: Turkey’s inflation tops 85% as Erdogan continues to rule out interest rate hikes
Categories Economy General HIGHLIGHTS CBRT lifts year-end inflation forecast to 65.2 percent Cem CetingucPosted on31 October, 2022 Turkey’s central bank has lifted its inflation forecast for the end of 2022 to 65.2% … Continue ReadingCBRT lifts year-end inflation forecast to 65.2 percent
Categories Company & Industry Economy Finance General HIGHLIGHTS Turan: Access to loan gets more difficult on a daily basis Cem CetingucPosted on30 October, 2022 Turkey’s leading TÜSİAD business association chair Orhan Turan has said that access to loan is … Continue ReadingTuran: Access to loan gets more difficult on a daily basis
Categories Economy General HIGHLIGHTS HYPED Turkstat: Economic confidence index advanced by 3 percent in October Cem CetingucPosted on30 October, 202230 October, 2022 The economic confidence index advanced by 3 percent in October from September to 97.1, the Turkish Statistical Institute … Continue ReadingTurkstat: Economic confidence index advanced by 3 percent in October
Categories Economy General HIGHLIGHTS September: Turkish trade deficit surges 268 percent Cem CetingucPosted on30 October, 2022 Turkey’s foreign trade deficit surged 268.1% year-on-year to $9.60 billion in September, with imports climbing … Continue ReadingSeptember: Turkish trade deficit surges 268 percent
