Categories Economy HIGHLIGHTS Politics Demirören’s debt restructuring talks now cover USD2.0 bln Güldem AtabayPosted on5 October, 2021 Demirören Holding, Turkey’s largest media owner, is in talks with banks to restructure some $2 … Continue ReadingDemirören’s debt restructuring talks now cover USD2.0 bln
Categories Economy Turkish inflation accelerates at a rate never seen in two and a half years Cem CetingucPosted on5 October, 20215 October, 2021 Turkish inflation accelerated to its fastest rate in two-and-a-half years in September as President Recep … Continue ReadingTurkish inflation accelerates at a rate never seen in two and a half years
Categories Economy Finance Macro Snapshot: Net FX Position of Non-Financial Companies Cem CetingucPosted on5 October, 2021 In July, net FX position of the non- financials was decreased by USD5.6bn to USD57.6bn with … Continue ReadingMacro Snapshot: Net FX Position of Non-Financial Companies
Categories Economy Commentary: Headline CPI inflation in line, but core inflation considerably high Atilla YeşiladaPosted on5 October, 2021 Both headline CPI inflation and core CPI inflation increased on a YoY basis in September. … Continue ReadingCommentary: Headline CPI inflation in line, but core inflation considerably high
Categories Economy HIGHLIGHTS Politics Analysis: Eye on polls, Turkey’s Erdogan may regret rate cut he pushed for Güldem AtabayPosted on4 October, 2021 President Tayyip Erdogan’s belief that a shock interest rate cut will stoke up Turkey’s economy … Continue ReadingAnalysis: Eye on polls, Turkey’s Erdogan may regret rate cut he pushed for
Categories Economy HIGHLIGHTS Turkey’s inflation is surging yet rate cuts are due Güldem AtabayPosted on4 October, 2021 State Statistic Office (Turkstat) announced Turkey’s consumer price inflation accelerating 19.58% in September from 19.25% … Continue ReadingTurkey’s inflation is surging yet rate cuts are due
Categories Company & Industry Economy Macro Snapshot: Manufacturing PMI, September 2021 Cem CetingucPosted on4 October, 2021 Manufacturing PMI was 52.5 (Prior: 54.1) in September and 53.5 in (2Q21: 50,3, 3Q21: 54,7). … Continue ReadingMacro Snapshot: Manufacturing PMI, September 2021
Categories Business Economy Karpowership cuts off electricity to Lebanon amid crisis Cem CetingucPosted on3 October, 20213 October, 2021 A Turkish company supplying electricity to Lebanon from two power barges off the coast of … Continue ReadingKarpowership cuts off electricity to Lebanon amid crisis
Categories Business Economy HIGHLIGHTS Bloomberg HT Consumer Confidence Index declines in September 2021 Atilla YeşiladaPosted on1 October, 2021 Turkey’s premier private consumer confidence index registered a small decline MoM in September, in contrast … Continue ReadingBloomberg HT Consumer Confidence Index declines in September 2021
Categories Economy Macro Snapshot: Foreign Trade Statistics Cem CetingucPosted on1 October, 2021 Foreign trade deficit decreased by 32.4% YoY to US4.3bn in August and decreased by 4.2% … Continue ReadingMacro Snapshot: Foreign Trade Statistics
Categories Economy HIGHLIGHTS Central Bank’s rationale for rate cut versus inflation pressures Güldem AtabayPosted on30 September, 2021 The Central Bank of Turkey (CBRT) announced the monetary policy meeting notes of its rate … Continue ReadingCentral Bank’s rationale for rate cut versus inflation pressures
Categories Economy HIGHLIGHTS Reuters: Turkish inflation to hit 19.7 percent in September Güldem AtabayPosted on30 September, 20211 October, 2021 Turkey’s inflation is expected to rise to 19.7 percent in September, according to a Reuters poll published … Continue ReadingReuters: Turkish inflation to hit 19.7 percent in September
Categories Economy HIGHLIGHTS Politics Amid Tensions With U.S., Erdogan Praises Ties with Russia Güldem AtabayPosted on29 September, 2021 Relations between President Recep Tayyip Erdogan and the Biden administration may be frayed, but on … Continue ReadingAmid Tensions With U.S., Erdogan Praises Ties with Russia
Categories Economy General Economic absurdity of Erdogan Cem CetingucPosted on29 September, 2021 Turkish President Recep Erdogan’s pride in his country’s recent interest rate cut calls to mind the apocryphal story … Continue ReadingEconomic absurdity of Erdogan
Categories Economy EM outlook for 4Q Cem CetingucPosted on29 September, 2021 The pace of vaccine rollouts has accelerated in core emerging markets (EMs) in the past … Continue ReadingEM outlook for 4Q
Categories Economy S&P boosts Turkey GDP forecast Cem CetingucPosted on29 September, 2021 International credit rating agency Standard & Poor’s (S&P) raised its gross domestic product growth forecast for Turkey to … Continue ReadingS&P boosts Turkey GDP forecast
Categories Economy General CBRT governor remarks… Cem CetingucPosted on29 September, 2021 The governor of the Turkish central bank on Tuesday said he expects pricing behavior to … Continue ReadingCBRT governor remarks…
Categories Business Economy EM Europe food retailers : Inflation driving a discounter market Cem CetingucPosted on29 September, 2021 Inflation takes-over higher base effect: Higher food Inflation is a key theme currently playing out … Continue ReadingEM Europe food retailers : Inflation driving a discounter market
Categories Economy HIGHLIGHTS Politics Gap between minimum wage, starvation line further increases in September Güldem AtabayPosted on27 September, 2021 The Confederation of Turkish Trade Unions (Türk-İş) has released the findings of the “Starvation and … Continue ReadingGap between minimum wage, starvation line further increases in September
Categories Economy HIGHLIGHTS Politics Turkey, US back to S-400 quagmire after Erdoğan vows to get second batch Güldem AtabayPosted on27 September, 2021 President Recep Tayyip Erdoğan said Turkey still intended to buy a second batch of S-400 … Continue ReadingTurkey, US back to S-400 quagmire after Erdoğan vows to get second batch
