Categories Business Economy HIGHLIGHTS Türkiye and BRICS: What are the mutual economic benefits? Cem CetingucPosted on2 July, 2024 As BRICS expands to challenge the Western-dominated global financial and trade order, Türkiye’s potential membership … Continue ReadingTürkiye and BRICS: What are the mutual economic benefits?
Categories Economy HIGHLIGHTS Turkey’s 5-month trade gap narrows by 24.9 percent Cem CetingucPosted on2 July, 2024 ISTANBUL (Turkey), June 30 (SeeNews) – Turkey’s trade deficit decreased by 24.9% year-on-year to $31.61 … Continue ReadingTurkey’s 5-month trade gap narrows by 24.9 percent
Categories Business Economy HIGHLIGHTS TURKEY: Consumer confidence up, along with inflation expectations Atilla YeşiladaPosted on1 July, 2024 June data dump revealed a fairly ugly picture of the economy. June manufacturing PMI remained … Continue ReadingTURKEY: Consumer confidence up, along with inflation expectations
Categories Economy HIGHLIGHTS Turkey’s manufacturing industry continues to weaken: PMI at 47.9 in June Güldem AtabayPosted on1 July, 2024 In June, the Turkish manufacturing sector experienced subdued demand conditions, leading to moderated output and … Continue ReadingTurkey’s manufacturing industry continues to weaken: PMI at 47.9 in June
Categories Economy HIGHLIGHTS Household Inflation Expectations June results once again showed the stickiness of inflation Güldem AtabayPosted on1 July, 20241 July, 2024 The results of the Turkish Household Inflation Expectations Survey for June (TEBA), conducted by Koç … Continue ReadingHousehold Inflation Expectations June results once again showed the stickiness of inflation
Categories Economy HIGHLIGHTS Retail prices in Istanbul rose by 3.42 percent in June, well above the CBRT’s target path Güldem AtabayPosted on1 July, 2024 The rate of change compared to the same month of the previous year, which shows … Continue ReadingRetail prices in Istanbul rose by 3.42 percent in June, well above the CBRT’s target path
Categories Economy HIGHLIGHTS Treasury and Finance Minister speaks on BloombergHT: Tax to equities will come but with the next tax package, Güldem AtabayPosted on1 July, 2024 Treasury and Finance Minister Mehmet Şimşek made evaluations on the main issues of the economy … Continue ReadingTreasury and Finance Minister speaks on BloombergHT: Tax to equities will come but with the next tax package,
Categories Economy HIGHLIGHTS ANALYSIS: CB of Republic of Turkey did not surprise; no signal for a rate cut in the near term Atilla YeşiladaPosted on27 June, 2024 The CBRT maintains policy rate at 50% In its June MPC meeting, the CBRT kept … Continue ReadingANALYSIS: CB of Republic of Turkey did not surprise; no signal for a rate cut in the near term
Categories Economy HIGHLIGHTS Turkey completes historic tax package, ready for parliament submission Cem CetingucPosted on25 June, 202425 June, 2024 The Turkish government has finalized a comprehensive tax reform package that includes the imposition of … Continue ReadingTurkey completes historic tax package, ready for parliament submission
Categories Economy HIGHLIGHTS Politics Turkey’s government in disharmony: What is happening between AKP and MHP? Güldem AtabayPosted on14 June, 202414 June, 2024 With MHP leader Devlet Bahçeli’s latest exit, discussions have started about what is happening between … Continue ReadingTurkey’s government in disharmony: What is happening between AKP and MHP?
Categories Economy HIGHLIGHTS Turkey’s broad unemployment reaches record high in April Cem CetingucPosted on12 June, 2024 Turkey’s seasonally adjusted unemployment rate decreased by 0.1 points to 8.5 percent and the composite … Continue ReadingTurkey’s broad unemployment reaches record high in April
Categories Business Economy HIGHLIGHTS COMMENTARY: What economic measures did main opposition leader Ozel request from Erdogan? Atilla YeşiladaPosted on12 June, 2024 President Recep Tayyip Erdoğan paid a visit to the headquarters of the main opposition Republican … Continue ReadingCOMMENTARY: What economic measures did main opposition leader Ozel request from Erdogan?
Categories Business Economy HIGHLIGHTS Economy stumbles into second quarter on slippery footing Atilla YeşiladaPosted on12 June, 2024 After a very rapid first quarter, when QoQ GDP growth reached %2.4, April industrial production … Continue ReadingEconomy stumbles into second quarter on slippery footing
Categories Economy HIGHLIGHTS Türkiye’s FX Reserves Turn Positive After Four-Year Decline Cem CetingucPosted on6 June, 2024 The Turkish central bank’s net international reserves, excluding swaps, rose last week into positive territory … Continue ReadingTürkiye’s FX Reserves Turn Positive After Four-Year Decline
Categories Economy HIGHLIGHTS Politics Constitutional Court annuls Erdogan’s power to dismiss Central Bank governor Güldem AtabayPosted on4 June, 2024 The Constitutional Court (AYM) unanimously annulled AKP President Erdoğan’s power to appoint the head of … Continue ReadingConstitutional Court annuls Erdogan’s power to dismiss Central Bank governor
Categories Economy HIGHLIGHTS Politics CHP leader Özel warned Erdoğan: ” If this path continues no one can stand in the way of early elections” Güldem AtabayPosted on4 June, 2024 Speaking at his party’s group meeting, Republican People’s Party (CHP) Chairman Özgür Özel harshly criticized … Continue ReadingCHP leader Özel warned Erdoğan: ” If this path continues no one can stand in the way of early elections”
Categories Economy HIGHLIGHTS Prof. Fatih Özatay: Inflation will fall but minimum wage must rise Güldem AtabayPosted on4 June, 20244 June, 2024 Inflation was 75.5 per cent in May, when almost everyone expected the highest annual consumer … Continue ReadingProf. Fatih Özatay: Inflation will fall but minimum wage must rise
Categories Economy HIGHLIGHTS ANALYSIS: GDP soars in 1Q2024, negative spill-over to inflation Atilla YeşiladaPosted on2 June, 2024 GDP growth in 1Q24 stood at 5.7% YoY and 2.4% QoQ. TurkStat revealed 1Q24 GDP … Continue ReadingANALYSIS: GDP soars in 1Q2024, negative spill-over to inflation
Categories Atilla Yeşilada Economy SHOCKER!!! Turkish inflation is 113%–video Atilla YeşiladaPosted on1 June, 2024 A recent survey Koc University and polling agency KONDA reported that participants think consumer … Continue ReadingSHOCKER!!! Turkish inflation is 113%–video
Categories Economy HIGHLIGHTS Türkiye reveals major plan against housing crisis Cem CetingucPosted on30 May, 2024 Minister of Treasury and Finance Mehmet Simsek announces regulations for Project Real Estate Investment Funds, … Continue ReadingTürkiye reveals major plan against housing crisis
