Categories Economy HIGHLIGHTS NY Times: Soaring Energy Bills Deepen Crisis for Turks, and Erdogan Güldem AtabayPosted on21 February, 2022 It began with a few outraged customers posting photographs of their electricity bills to social … Continue ReadingNY Times: Soaring Energy Bills Deepen Crisis for Turks, and Erdogan
Categories Economy Finance HIGHLIGHTS Markets Two Fed officials back steady rise in interest rates starting in March Cem CetingucPosted on19 February, 2022 Two top Federal Reserve officials said the US central bank should launch a steady string … Continue ReadingTwo Fed officials back steady rise in interest rates starting in March
Categories Economy Finance General HIGHLIGHTS Investors brace for central banks’ retreat from bond markets Cem CetingucPosted on19 February, 2022 The biggest buyers in bond markets are now poised to become sellers, as central banks … Continue ReadingInvestors brace for central banks’ retreat from bond markets
Categories Economy General HIGHLIGHTS Turkish consumer confidence slides as high inflation hits Güldem AtabayPosted on18 February, 2022 Turkey’s official consumer confidence index slid by 2.8% in February compared to the previous month … Continue ReadingTurkish consumer confidence slides as high inflation hits
Categories Economy Finance HIGHLIGHTS Turkish central bank leaves interest rates unchanged, TL remains vulnerable Güldem AtabayPosted on17 February, 2022 As widely expected, Turkish central bank (CBRT) kept its policy rate unchanged at 14%. The … Continue ReadingTurkish central bank leaves interest rates unchanged, TL remains vulnerable
Categories Company & Industry Economy General HIGHLIGHTS President Erdogan to ease Turkey’s surging energy bills Cem CetingucPosted on17 February, 2022 Turkey’s president announced a set of measures Wednesday that aim to bring relief to households … Continue ReadingPresident Erdogan to ease Turkey’s surging energy bills
Categories Economy HIGHLIGHTS Politics Youth in Turkey report: 73 percent want to live abroad Güldem AtabayPosted on16 February, 2022 Germany-based Konrad-Adenauer-Stiftung (KAS) Association has published its “Turkey Youth 2021 report” in Turkish and German. … Continue ReadingYouth in Turkey report: 73 percent want to live abroad
Categories Economy HIGHLIGHTS Turkish private sector’s external debt amounts $169 billion as of end-2021 Güldem AtabayPosted on16 February, 2022 The Turkish private sector’s outstanding foreign loans amounted to $169.4 billion as of the end … Continue ReadingTurkish private sector’s external debt amounts $169 billion as of end-2021
Categories Economy HIGHLIGHTS Turkey posts 30 billion lira budget surplus in January as tax revenue jumps on higher inflation Güldem AtabayPosted on15 February, 2022 Turkey reported a budget surplus of 30 billion liras ($2.2 billion) in January as business tax … Continue ReadingTurkey posts 30 billion lira budget surplus in January as tax revenue jumps on higher inflation
Categories Economy HIGHLIGHTS Politics Erdogan’s economic miscalculations could spell the end of his political career Atilla YeşiladaPosted on15 February, 2022 Turkey’s economic crisis is eroding President Erdogan’s support. One and a half years before the … Continue ReadingErdogan’s economic miscalculations could spell the end of his political career
Categories Economy HIGHLIGHTS Politics Selim Yenel: Is the EU Ready for Possible Political Change in Turkey? Atilla YeşiladaPosted on15 February, 2022 It seems that the EU believes, for the first time in many years, that the … Continue ReadingSelim Yenel: Is the EU Ready for Possible Political Change in Turkey?
Categories Economy HIGHLIGHTS Politics Turkey to Cut VAT on Staple Foods in Bid to Tame Inflation Güldem AtabayPosted on13 February, 2022 Turkey will reduce value-added tax on staple foods to 1% from 8% in an effort … Continue ReadingTurkey to Cut VAT on Staple Foods in Bid to Tame Inflation
Categories Economy HIGHLIGHTS Politics Turkish Opposition Agree on Roadmap for Parliament System Return Güldem AtabayPosted on13 February, 2022 Turkey’s opposition parties agreed on a roadmap to bring back the parliamentary system, blaming powers … Continue ReadingTurkish Opposition Agree on Roadmap for Parliament System Return
Categories Economy HIGHLIGHTS December current account deficit augurs ill for the New Economy Plan Atilla YeşiladaPosted on12 February, 2022 Turkey’s current account recorded a deficit of US$3.8bn in December, which is up from the … Continue ReadingDecember current account deficit augurs ill for the New Economy Plan
Categories Business Economy HIGHLIGHTS Minister reveals Turkey’s target set for 2022: $35 billion in tourism revenues Cem CetingucPosted on11 February, 202211 February, 2022 Initial indicators, such as early reservations, suggest that Turkey’s target set for 2022 of generating $35 … Continue ReadingMinister reveals Turkey’s target set for 2022: $35 billion in tourism revenues
Categories Economy Finance HIGHLIGHTS Turkey Readies First Global Bond Sale Since Lira Implosion Güldem AtabayPosted on8 February, 2022 Turkey is preparing to return to global bond markets for the first time since the … Continue ReadingTurkey Readies First Global Bond Sale Since Lira Implosion
Categories Economy HIGHLIGHTS Turkey courts investors at London meeting, promises stable Lira with a bizarre “inflation” explanation Güldem AtabayPosted on8 February, 20228 February, 2022 Turkey expects the lira to remain around its current level after suffering a 44% slump … Continue ReadingTurkey courts investors at London meeting, promises stable Lira with a bizarre “inflation” explanation
Categories Economy HIGHLIGHTS Demonstrations in protest of massive electricity price hikes spread around Turkey Güldem AtabayPosted on7 February, 2022 Thousands of citizens throughout Turkey have been protesting against massive price hikes in electricity. Citizens … Continue ReadingDemonstrations in protest of massive electricity price hikes spread around Turkey
Categories Economy HIGHLIGHTS Politics Turkish parliament speaker claims Erdoğan can legally run for president again Güldem AtabayPosted on7 February, 2022 Turkish Parliament Speaker Mustafa Şentop has argued that it is legitimate for President Recep Tayyip … Continue ReadingTurkish parliament speaker claims Erdoğan can legally run for president again
Categories Economy HIGHLIGHTS Politics Turkey Dollar Sales to State Energy Firm Hit Record in January Güldem AtabayPosted on7 February, 2022 The Turkish central bank’s foreign currency sales to state-run energy importer Botas hit a record, … Continue ReadingTurkey Dollar Sales to State Energy Firm Hit Record in January
