Categories Economy HIGHLIGHTS Turkey hikes natural gas prices for industry by 48 percent Güldem AtabayPosted on1 November, 2021 Turkish state-run pipeline company BOTAŞ increased natural gas prices for industry by 48 percent. The … Continue ReadingTurkey hikes natural gas prices for industry by 48 percent
Categories Economy HIGHLIGHTS Politics Will the ailing Turkish economy bring Erdogan down? Güldem AtabayPosted on1 November, 2021 When one brave soul from Recep Tayyip Erdogan’s ruling party decided to confront him about … Continue ReadingWill the ailing Turkish economy bring Erdogan down?
Categories Economy HIGHLIGHTS October PMI dips to 51.2: Slowing activity and rising inflation pressures Güldem AtabayPosted on1 November, 2021 The latest PMI® survey data from Istanbul Chamber of Industry and IHS Markit pointed to … Continue ReadingOctober PMI dips to 51.2: Slowing activity and rising inflation pressures
Categories Economy Finance HIGHLIGHTS Economist (Prof) Ulusoy: If dollar/TL does not stabilize, the entire economy could be disrupted Atilla YeşiladaPosted on29 October, 2021 Economist Prof. Dr. Veysel Ulusoy pointed out that the real danger is the volatility in … Continue ReadingEconomist (Prof) Ulusoy: If dollar/TL does not stabilize, the entire economy could be disrupted
Categories Economy Macro Snapshot: CUR, RSCI and Sectoral Confidence Indices Cem CetingucPosted on27 October, 2021 SA CUR decreased by 0.3pps 77.5% in October after 4-month long surge. In October, 3-month … Continue ReadingMacro Snapshot: CUR, RSCI and Sectoral Confidence Indices
Categories Business Economy Macro Snapshot: Foreign Trade Statistics Cem CetingucPosted on27 October, 2021 Foreign trade deficit decreased by 47.5% YoY to US2.5bn in September (Aug.21: USD-4.3bn, Sep.20: USD-4.9bn) … Continue ReadingMacro Snapshot: Foreign Trade Statistics
Categories Economy HIGHLIGHTS Erdogan Feasts on Chaos While the Lira Suffers Güldem AtabayPosted on25 October, 2021 It’s almost like Turkey desires an economic crisis. Threatening to expel envoys from powerful allies … Continue ReadingErdogan Feasts on Chaos While the Lira Suffers
Categories Economy HIGHLIGHTS Turkish State Banks Follow Rate Gamble by Pledging Cheaper Loans Güldem AtabayPosted on25 October, 2021 Turkey’s state lenders will follow the central bank’s shock interest-rate cut of 200 basis points and … Continue ReadingTurkish State Banks Follow Rate Gamble by Pledging Cheaper Loans
Categories Economy HIGHLIGHTS Turkish Officials Seek to Avoid Expulsion of Western Envoys Güldem AtabayPosted on25 October, 2021 Recep Tayyip Erdogan’s administration is weighing options to avoid formally designating ambassadors from 10 countries, … Continue ReadingTurkish Officials Seek to Avoid Expulsion of Western Envoys
Categories Economy HYPED Central Bank of Turkey poised to up its inflation forecasts Atilla YeşiladaPosted on25 October, 2021 Turkey’s central bank could revise its forecast higher in its new inflation report, due to … Continue ReadingCentral Bank of Turkey poised to up its inflation forecasts
Categories Economy Finance HIGHLIGHTS Turkey on the verge of a weak currency-inflation spiral Atilla YeşiladaPosted on25 October, 2021 The Turkish lira weakened 1.6% to a record low against the dollar in early Asian … Continue ReadingTurkey on the verge of a weak currency-inflation spiral
Categories Company & Industry Economy JP Morgan: CBRT speeds up monetary easing despite tricky fundamentals Cem CetingucPosted on24 October, 2021 The CBRT managed to surprise the markets yet again and cut its policy by 200bp … Continue ReadingJP Morgan: CBRT speeds up monetary easing despite tricky fundamentals
Categories Economy HIGHLIGHTS Erdoğan: Turkey shouldn’t host ambassadors who called for Kavala’s release Güldem AtabayPosted on21 October, 2021 President Recep Tayyip Erdoğan has slammed the ambassadors of 10 countries, including the US, Germany … Continue ReadingErdoğan: Turkey shouldn’t host ambassadors who called for Kavala’s release
Categories Economy HIGHLIGHTS FATF places Turkey on grey list over terror financing Güldem AtabayPosted on21 October, 2021 The Financial Action Task Force (FATF) has placed Turkey on its grey list for failing … Continue ReadingFATF places Turkey on grey list over terror financing
Categories Economy HIGHLIGHTS Turkey consumer confidence hits 12 year low Güldem AtabayPosted on21 October, 2021 Seasonally adjusted consumer confidence index decreased by 3.6% in October compared to the previous month … Continue ReadingTurkey consumer confidence hits 12 year low
Categories Economy Güldem Atabay HIGHLIGHTS Shockingly “bold” rate cut and now what for TL? Güldem AtabayPosted on21 October, 2021 Turkey’s central bank cut the benchmark interest rate by 2 percentage points to 16% at … Continue ReadingShockingly “bold” rate cut and now what for TL?
Categories Economy Erdogan Unorthodox Views on Economy Rattle Turkish Markets Cem CetingucPosted on21 October, 2021 Turkey’s President Recep Tayyip Erdogan doesn’t like it when the country’s banks charge people relatively … Continue ReadingErdogan Unorthodox Views on Economy Rattle Turkish Markets
Categories Economy General Erdogan battles to curb ‘exorbitant prices’ Cem CetingucPosted on21 October, 2021 President Tayyip Erdogan has wheeled a trolley around one of the new grocery stores he … Continue ReadingErdogan battles to curb ‘exorbitant prices’
Categories Atilla Yeşilada Business Economy HIGHLIGHTS The rate cut conundrum: What will Erdogan do? Atilla YeşiladaPosted on20 October, 2021 I have read three surveys by Turkish press outlets, all of which find that the … Continue ReadingThe rate cut conundrum: What will Erdogan do?
Categories Economy HIGHLIGHTS Turkish State Energy Giants Set for Rejig Ahead of Possible Sale Güldem AtabayPosted on20 October, 2021 Turkey is preparing to reorganize some of its largest state companies ahead of possible stake … Continue ReadingTurkish State Energy Giants Set for Rejig Ahead of Possible Sale
