Categories Economy Finance General HIGHLIGHTS Moody’s raised Turkey’s credit rating for the first time in over a decade Güldem AtabayPosted on19 July, 2024 Moody’s said Friday that it has upgraded Turkey’s credit rating by two notches on improved … Continue ReadingMoody’s raised Turkey’s credit rating for the first time in over a decade
Categories Economy HIGHLIGHTS Turkish government considers raising the retirement age, basing salary on premiums paid Güldem AtabayPosted on19 July, 2024 The AKP government is preparing to completely change the pension system. According to the media, … Continue ReadingTurkish government considers raising the retirement age, basing salary on premiums paid
Categories Economy HIGHLIGHTS Turkey’s upcoming tax package focused on the real estate sector Güldem AtabayPosted on19 July, 2024 Discussions on the first tax package started yesterday at the Parliamentary Plan and Budget Commission. … Continue ReadingTurkey’s upcoming tax package focused on the real estate sector
Categories Economy HIGHLIGHTS Turkey’s budget deficit 23.6 billion dollar in first half Cem CetingucPosted on16 July, 2024 In the first half of 2024, Turkey’s central government budget recorded a deficit of 747.2 … Continue ReadingTurkey’s budget deficit 23.6 billion dollar in first half
Categories Economy HIGHLIGHTS IMF predicts modest global economic growth, cautions on slowing disinflation Cem CetingucPosted on16 July, 2024 The International Monetary Fund (IMF) on Tuesday said the global economy is set for modest … Continue ReadingIMF predicts modest global economic growth, cautions on slowing disinflation
Categories Economy HIGHLIGHTS Turkey’s first half budget deficit hits $25 bn, on target for the full year estimate Atilla YeşiladaPosted on16 July, 2024 In the first half of 2024, Turkey’s central government budget recorded a deficit of 747.2 … Continue ReadingTurkey’s first half budget deficit hits $25 bn, on target for the full year estimate
Categories Economy HIGHLIGHTS Simsek’s tax package is ready for parliamentary approval Atilla YeşiladaPosted on16 July, 2024 The Turkish government has finalized a comprehensive tax reform package that includes the imposition … Continue ReadingSimsek’s tax package is ready for parliamentary approval
Categories Economy HIGHLIGHTS Business community calls for faster currency depreciation pointing at weaker exports Güldem AtabayPosted on12 July, 202412 July, 2024 ITO President Şekib Avdagiç Highlights Concerns Over Inflation and Exchange Rate Gap Significant Disparity Between … Continue ReadingBusiness community calls for faster currency depreciation pointing at weaker exports
Categories Economy Markets CBRT Governor Karahan’s a more cautious approach on interest rates Güldem AtabayPosted on12 July, 2024 Fatih Karahan, the governor of the Central Bank of the Republic of Turkey, gave his … Continue ReadingCBRT Governor Karahan’s a more cautious approach on interest rates
Categories Economy HIGHLIGHTS May current account deficit less than expected, Minister Simsek declares the deficit eases to be a problem Güldem AtabayPosted on12 July, 2024 Monthly current account deficit was announced as 1.235 billion USD in May. In the Reuters … Continue ReadingMay current account deficit less than expected, Minister Simsek declares the deficit eases to be a problem
Categories Economy HIGHLIGHTS Finance Minister Şimşek declares inflation peak has passed Cem CetingucPosted on11 July, 2024 The worst is over in inflation, Treasury and Finance Minister Mehmet Şimşek has said, adding that “we … Continue ReadingFinance Minister Şimşek declares inflation peak has passed
Categories Economy HIGHLIGHTS TÜİK Chief defends methodology for inflation calculation Cem CetingucPosted on9 July, 20249 July, 2024 The Turkish Statistical Institute (TÜİK) head Erhan Çetinkaya has defended the prices to calculate the … Continue ReadingTÜİK Chief defends methodology for inflation calculation
Categories Economy HIGHLIGHTS Inflation fall has just begun: Erdoğan Cem CetingucPosted on8 July, 2024 President Recep Tayyip Erdoğan on Friday expressed optimism about the future trajectory after inflation slowed … Continue ReadingInflation fall has just begun: Erdoğan
Categories Economy HIGHLIGHTS Turkish exports increase amid crossroads in global trade Cem CetingucPosted on8 July, 2024 Exports worldwide declined modestly in the first quarter of the year, while Türkiye managed to … Continue ReadingTurkish exports increase amid crossroads in global trade
Categories Economy HIGHLIGHTS Investors’ interest in Türkiye is on the rise: Minister Şimşek Cem CetingucPosted on5 July, 20245 July, 2024 Investors’ interest in Türkiye continues to increase thanks to the economic program the government implements, Finance Minister Mehmet … Continue ReadingInvestors’ interest in Türkiye is on the rise: Minister Şimşek
Categories Economy HIGHLIGHTS Maximum rent hike sets at 65 percent as per inflation data Cem CetingucPosted on4 July, 20244 July, 2024 As the 25 percent cap on rent hikes expired as of July 2, landlords and … Continue ReadingMaximum rent hike sets at 65 percent as per inflation data
Categories Economy HIGHLIGHTS Exclusive: Turkish central bank chief ‘extremely determined’ to curb inflation Güldem AtabayPosted on4 July, 2024 Turkey’s central bank is determined to combat soaring prices and will stick patiently to its … Continue ReadingExclusive: Turkish central bank chief ‘extremely determined’ to curb inflation
Categories Economy HYPED Inflation ANALYSIS: Relief comes from the currency; CPI inflation comes below expected in June Atilla YeşiladaPosted on3 July, 2024 CPI inflation was 1.64% in june, leading to a fall in YoY terms to 71.60% … Continue ReadingInflation ANALYSIS: Relief comes from the currency; CPI inflation comes below expected in June
Categories Economy HIGHLIGHTS Retirement scheme criticism from Finance Minister Şimşek: Caused a big deficit Güldem AtabayPosted on3 July, 2024 It was learned that Treasury and Finance Minister Mehmet Şimşek made a presentation at a … Continue ReadingRetirement scheme criticism from Finance Minister Şimşek: Caused a big deficit
Categories Economy HIGHLIGHTS (UPDATE: Comments added) Turkey’s annual inflation drops to 71.6, Turkstat decleares Cem CetingucPosted on3 July, 20243 July, 2024 FT/Adam Samson: Turkish inflation cools for first time in 8 months Turkey’s inflation rate … Continue Reading(UPDATE: Comments added) Turkey’s annual inflation drops to 71.6, Turkstat decleares
