Categories Economy HIGHLIGHTS ICI Turkey Exports Climate Index: Drops to 50,0 benchmark ending 17-month long recovery Güldem AtabayPosted on8 August, 2022 Turkish manufacturers saw no change to their export climate during July, thereby ending a 17-month … Continue ReadingICI Turkey Exports Climate Index: Drops to 50,0 benchmark ending 17-month long recovery
Categories Company & Industry Economy General HIGHLIGHTS Lessons from Turkey’s careless attempt to restrict crypto Cem CetingucPosted on8 August, 2022 The Turkish government’s ambitious plan to restrict the use of cryptocurrencies to protect the local … Continue ReadingLessons from Turkey’s careless attempt to restrict crypto
Categories Business Company & Industry Economy General HIGHLIGHTS Turkish exporters to revise year-end targets amid inflationary pressure Cem CetingucPosted on8 August, 2022 Turkish exporters are revising down year-end targets in a move that could derail the government’s … Continue ReadingTurkish exporters to revise year-end targets amid inflationary pressure
Categories Economy HIGHLIGHTS Politics Erdoğan the Diplomat? Güldem AtabayPosted on8 August, 2022 Few leaders have managed to use today’s geopolitical tensions to their advantage as effectively as … Continue ReadingErdoğan the Diplomat?
Categories Economy General HIGHLIGHTS Markets Russia can not find a way around economic oblivion Cem CetingucPosted on5 August, 2022 Over the past six months, Russia has fortified its economic defenses after Western countries pummeled … Continue ReadingRussia can not find a way around economic oblivion
Categories Economy HYPED JP Morgan: Turkish inflation stays under the 80% mark! Atilla YeşiladaPosted on5 August, 2022 For what it’s worth, Turkish CPI surprised marginally to the down side, rising 2.4%m/m in … Continue ReadingJP Morgan: Turkish inflation stays under the 80% mark!
Categories Economy HIGHLIGHTS Turkish Hyperinflation Already Here for Citigroup, Vodafone Güldem AtabayPosted on4 August, 2022 Hyperinflation has arrived in Turkey for foreign businesses with operations in the country — at … Continue ReadingTurkish Hyperinflation Already Here for Citigroup, Vodafone
Categories Company & Industry Economy General HIGHLIGHTS Reuters: Turkey’s tourism revenues triple despite many Turks stay home Cem CetingucPosted on4 August, 2022 Turkey’s tourism revenues nearly tripled in the second quarter while first-half foreign visitor numbers surged … Continue ReadingReuters: Turkey’s tourism revenues triple despite many Turks stay home
Categories Economy Emerging Markets General HIGHLIGHTS Mustafa Sönmez: Turkey’s economy stands to suffer from euro’s downturn Cem CetingucPosted on4 August, 2022 The euro’s slide to parity with the dollar is producing fresh strains for Turkey’s foreign … Continue ReadingMustafa Sönmez: Turkey’s economy stands to suffer from euro’s downturn
Categories Economy HIGHLIGHTS Inflation Analysis: CPI inflation at 2.37% below expected in July, but may rises to 90% soon Atilla YeşiladaPosted on4 August, 2022 CPI inflation at 2.37% comes well below market expectations in July, but rises further to … Continue ReadingInflation Analysis: CPI inflation at 2.37% below expected in July, but may rises to 90% soon
Categories Economy HIGHLIGHTS Turkish Inflation Approached 80% in July and Has Yet to Peak Güldem AtabayPosted on3 August, 2022 Turkish inflation accelerated again and may be months away from peaking, soaring to levels unseen since 1998 … Continue ReadingTurkish Inflation Approached 80% in July and Has Yet to Peak
Categories Economy HIGHLIGHTS Türkiye’s economic woes far from over amid tumbling currency, looming debt Güldem AtabayPosted on3 August, 2022 With tumbling currency, low capital inflows and looming short-term external debt, Türkiye’s economic woes are … Continue ReadingTürkiye’s economic woes far from over amid tumbling currency, looming debt
Categories Economy HIGHLIGHTS Turkey’s 79% Inflation Drives Company Debt Into Distressed Zone Güldem AtabayPosted on2 August, 2022 Some of Turkey’s biggest companies are seeing their bonds enter distressed territory, as soaring inflation … Continue ReadingTurkey’s 79% Inflation Drives Company Debt Into Distressed Zone
Categories Economy HIGHLIGHTS Politics Putin, Erdogan to Discuss Ukraine, Grain on Friday, Kremlin Says Güldem AtabayPosted on2 August, 2022 Russian President Vladimir Putin will meet Turkish leader Recep Tayyip Erdogan for talks Friday including … Continue ReadingPutin, Erdogan to Discuss Ukraine, Grain on Friday, Kremlin Says
Categories Economy HIGHLIGHTS Politics Murat Yetkin: Putin took a hold of Akkuyu NPP before Erdoğan’s visit Güldem AtabayPosted on1 August, 2022 Do you know what would have happened if Russia’s Rosatom, the Akkuyu Nuclear Power Plant’s … Continue ReadingMurat Yetkin: Putin took a hold of Akkuyu NPP before Erdoğan’s visit
Categories Economy HIGHLIGHTS Turkey’s Trade Deficit Almost Triples to $8.2 Billion on Energy Güldem AtabayPosted on29 July, 2022 Turkey’s trade deficit in June almost tripled from last year as the cost of energy … Continue ReadingTurkey’s Trade Deficit Almost Triples to $8.2 Billion on Energy
Categories Economy HIGHLIGHTS Politics Russia Is Wiring Dollars to Turkey for $20 Billion Nuclear Plant Güldem AtabayPosted on29 July, 2022 A Russian state-owned company is transferring money to a subsidiary that’s building a $20 billion … Continue ReadingRussia Is Wiring Dollars to Turkey for $20 Billion Nuclear Plant
Categories Economy Emerging Markets Finance HIGHLIGHTS Turkish lira on slow slide in search of FX relief Güldem AtabayPosted on26 July, 2022 The Turkish lira slipped again on Monday, sustaining a slow slide towards 18 against the … Continue ReadingTurkish lira on slow slide in search of FX relief
Categories Economy HIGHLIGHTS Politics Grain drain: Why Turkey can’t afford to ignore Russian grain smuggling from Ukraine Güldem AtabayPosted on26 July, 2022 The world’s attention turned to Turkey last week as it hosted a signing ceremony of … Continue ReadingGrain drain: Why Turkey can’t afford to ignore Russian grain smuggling from Ukraine
Categories Economy HIGHLIGHTS Politics UN Security Council condemns Zakho attack Güldem AtabayPosted on26 July, 2022 The United Nations Security Council has “strongly condemned” the bombardment of a tourist resort in the Zakho … Continue ReadingUN Security Council condemns Zakho attack
