Categories Economy HIGHLIGHTS Turkey devises bonds to pay if banks lose from Erdogan Lira plan Güldem AtabayPosted on6 January, 2022 Turkey’s government is seeking approval to issue new bonds to compensate banks for possible losses … Continue ReadingTurkey devises bonds to pay if banks lose from Erdogan Lira plan
Categories Economy HIGHLIGHTS Privatized ports’ management may be extended to 49 years without tender Güldem AtabayPosted on6 January, 2022 The Parliament has approved a legislative proposal which foresees an increase in the fines imposed for stockpiling … Continue ReadingPrivatized ports’ management may be extended to 49 years without tender
Categories Economy HIGHLIGHTS AKP threatens limits to food exports to curb inflation Güldem AtabayPosted on6 January, 2022 The ruling Justice and Development Party (AKP) is threatening to impose export limits on basic … Continue ReadingAKP threatens limits to food exports to curb inflation
Categories Economy HIGHLIGHTS Turkish poverty threshold more than double minimum wage – union Güldem AtabayPosted on6 January, 2022 Turkey’s poverty threshold is a monthly 10,119.8 liras ($734) for a four-member family, more than … Continue ReadingTurkish poverty threshold more than double minimum wage – union
Categories Economy HIGHLIGHTS Alcoholic beverages see a 43 percent price rise following special tax increase Güldem AtabayPosted on6 January, 20226 January, 2022 Özgür Aybaş, the president of the Turkish Monopoly Dealers Platform, which represents liquor shop owners, … Continue ReadingAlcoholic beverages see a 43 percent price rise following special tax increase
Categories Economy HIGHLIGHTS Turkey: Economic theory strikes back; inflation reaches 36% Atilla YeşiladaPosted on6 January, 2022 The unorthodox economic views of major policy makers, a premature and front-loaded monetary easing delivered … Continue ReadingTurkey: Economic theory strikes back; inflation reaches 36%
Categories Economy HIGHLIGHTS Turkish Central Bank Revives Bond-Buying Drive to Rein In Yields Güldem AtabayPosted on5 January, 2022 The Turkish central bank bought government bonds for the first time in more than a … Continue ReadingTurkish Central Bank Revives Bond-Buying Drive to Rein In Yields
Categories Economy HIGHLIGHTS Turkey Tightens Oversight of Currency Market as Lira Weakens Güldem AtabayPosted on5 January, 2022 Turkish authorities are keeping tabs on investors who are buying large amounts of foreign currency … Continue ReadingTurkey Tightens Oversight of Currency Market as Lira Weakens
Categories Economy HIGHLIGHTS Politics Washington Post: Erdogan’s arbitrary rule is devaluing his nation’s currency — both moral and economic Güldem AtabayPosted on5 January, 20225 January, 2022 Superficially, there is no particular connection between the two biggest ongoing news stories in Turkey: … Continue ReadingWashington Post: Erdogan’s arbitrary rule is devaluing his nation’s currency — both moral and economic
Categories Economy HIGHLIGHTS Fatih Ozatay: Turkish inflation and the consequences of not taking it seriously Güldem AtabayPosted on5 January, 2022 It is routine to write the highest/lowest such and such indicator of such and such … Continue ReadingFatih Ozatay: Turkish inflation and the consequences of not taking it seriously
Categories Economy General HIGHLIGHTS Politics Turkish Banks: Amendments to the reserve requirement regulation to encourage the new deposit scheme Cem CetingucPosted on5 January, 2022 The Central Bank of Turkey (CBT) announced amendments to the reserve requirement regulation last week … Continue ReadingTurkish Banks: Amendments to the reserve requirement regulation to encourage the new deposit scheme
Categories Economy General HIGHLIGHTS Bootleg alcohol death toll rises to 88 in Turkey Cem CetingucPosted on5 January, 2022 The number of people who died of poisoning after consuming bootleg alcohol reached 88 in … Continue ReadingBootleg alcohol death toll rises to 88 in Turkey
Categories Economy HIGHLIGHTS Prof Sebnem Kalemli-Özcan: Erdogan’s experiment with Fischerian Economics Atilla YeşiladaPosted on4 January, 2022 Monetary policy in most economies today is anchored by an explicit inflation target, because targeting … Continue ReadingProf Sebnem Kalemli-Özcan: Erdogan’s experiment with Fischerian Economics
Categories Economy HIGHLIGHTS Istanbul mayor should be dismissed if ‘terror ties’ of municipal personnel proven, says Bahceli Güldem AtabayPosted on4 January, 20224 January, 2022 Istanbul Mayor Ekrem Imamoglu should be dismissed if “terror ties” of municipal personnel are proven, … Continue ReadingIstanbul mayor should be dismissed if ‘terror ties’ of municipal personnel proven, says Bahceli
Categories Economy HIGHLIGHTS The central bank’s mystery one-day $10 billion profit that erased its losses Güldem AtabayPosted on4 January, 20224 January, 2022 Bloomberg reported based on Economist Ugur Gurses’ article that Turkey’s central bank posted an extraordinary … Continue ReadingThe central bank’s mystery one-day $10 billion profit that erased its losses
Categories Economy HIGHLIGHTS Turkey Orders Exporters to Convert 25% of Income to Liras Güldem AtabayPosted on4 January, 20224 January, 2022 Turkey’s central bank required exporters to convert a quarter of their hard currency export revenues … Continue ReadingTurkey Orders Exporters to Convert 25% of Income to Liras
Categories Business Economy HIGHLIGHTS Turkey heralds new export record, but trade deficit still $45.9 bn! Atilla YeşiladaPosted on3 January, 2022 Turkey’s total exports increased by 32.9 percent year on year and amounted to 225.368 billion … Continue ReadingTurkey heralds new export record, but trade deficit still $45.9 bn!
Categories Economy HIGHLIGHTS CPI soars past 36 per cent Atilla YeşiladaPosted on3 January, 2022 CPI inflation significantly exceeded median expectation and rises to 36.1% TurkStat revealed December CPI inflation … Continue ReadingCPI soars past 36 per cent
Categories Economy HIGHLIGHTS Turkish inflation seen above 30% in December amid lira weakness Güldem AtabayPosted on29 December, 2021 Turkey’s annual inflation rate is expected to have hit 30.6% in December, according to a … Continue ReadingTurkish inflation seen above 30% in December amid lira weakness
Categories Economy General HIGHLIGHTS Turkish economy 2022 outlook: What is the playbook for inflation? Cem CetingucPosted on29 December, 202130 December, 2021 2021 was a year with rising inflation and an economic slowdown. If the recovery in … Continue ReadingTurkish economy 2022 outlook: What is the playbook for inflation?
