Categories Business Finance General HIGHLIGHTS HYPED US policy rate hikes make things harder for Turkish economy Cem CetingucPosted on4 August, 2022 The remaining hopes for the Turkish economy to get better sooner are vanishing fast after … Continue ReadingUS policy rate hikes make things harder for Turkish economy
Categories Business Company & Industry Finance General HIGHLIGHTS Turkish Cargo becomes fourth among global air freight companies Cem CetingucPosted on2 August, 2022 The air cargo transportation operator of Turkish Airlines (THY), Turkish Cargo rose to rank fourth among … Continue ReadingTurkish Cargo becomes fourth among global air freight companies
Categories Business Company & Industry Finance HIGHLIGHTS BofA | TOFAS:Healthy 2Q recovery; reiterate Buy Cem CetingucPosted on29 July, 2022 Increase FY22E-23E EPS on avg by 21%; remain bullish We update our model for Tofas’ … Continue ReadingBofA | TOFAS:Healthy 2Q recovery; reiterate Buy
Categories Business Company & Industry Finance HIGHLIGHTS BIOEN – Turning waste into value (TP: TL13.10/share) Cem CetingucPosted on29 July, 2022 Turning waste into value. Biotrend is a leading player in Municipal solid waste management sector, focusing … Continue ReadingBIOEN – Turning waste into value (TP: TL13.10/share)
Categories Economy Emerging Markets Finance HIGHLIGHTS Turkish lira on slow slide in search of FX relief Güldem AtabayPosted on26 July, 2022 The Turkish lira slipped again on Monday, sustaining a slow slide towards 18 against the … Continue ReadingTurkish lira on slow slide in search of FX relief
Categories Business Company & Industry Finance HIGHLIGHTS OZKGY- Outperform maintained with TP of TL10.10/share Cem CetingucPosted on26 July, 2022 2022E unit sales revenue at TL1.3bn Despite counter-cyclical regulatory changes such as cap for house … Continue ReadingOZKGY- Outperform maintained with TP of TL10.10/share
Categories Emerging Markets Finance HIGHLIGHTS Atlantic Council: The world isn’t ready for the looming emerging-market debt crisis Atilla YeşiladaPosted on25 July, 2022 A perfect storm of economic forces threatens to swamp developing countries with inflation, rising interest … Continue ReadingAtlantic Council: The world isn’t ready for the looming emerging-market debt crisis
Categories Business Company & Industry Finance General HIGHLIGHTS EBRD loans 50 million dollars to QNB Finansbank for women-lead companies Cem CetingucPosted on23 July, 202223 July, 2022 The European Bank for Reconstruction and Development (EBRD) is providing a loan of up to … Continue ReadingEBRD loans 50 million dollars to QNB Finansbank for women-lead companies
Categories Economy Finance HIGHLIGHTS JP Morgan on Turkey: Nothing much to note in the MPC decision Atilla YeşiladaPosted on23 July, 2022 As universally expected, the CBRT kept its key policy rate unchanged at 14.0% and did … Continue ReadingJP Morgan on Turkey: Nothing much to note in the MPC decision
Categories Economy Finance General HIGHLIGHTS Kubilay: As Turkey’s economic woes worsen, a new currency crisis is approaching Cem CetingucPosted on21 July, 2022 Turkey’s economic problems continue to go from bad to worse. Its foreign trade deficit has … Continue ReadingKubilay: As Turkey’s economic woes worsen, a new currency crisis is approaching
Categories Economy Finance General HIGHLIGHTS Macro Snapshot: Consumer Confidence Index, July 2022 Cem CetingucPosted on21 July, 2022 Consumer Confidence Index (CCI) recovered in July. CCI increased by 7.4% to 68 in July … Continue ReadingMacro Snapshot: Consumer Confidence Index, July 2022
Categories Finance HIGHLIGHTS Turkey CDS premium exceeds 900 bpt, Babacan rings alarm bell Atilla YeşiladaPosted on16 July, 2022 “Today CDS has reached 900, it’s no joke; I call out to the government once … Continue ReadingTurkey CDS premium exceeds 900 bpt, Babacan rings alarm bell
Categories Economy Finance General HIGHLIGHTS Politics Fitch warns: Turkey’s economic policy increasing risks to public finances, FX position Güldem AtabayPosted on15 July, 2022 International ratings agency Fitch has warned that the Turkish government’s economic policy prioritizing growth over the … Continue ReadingFitch warns: Turkey’s economic policy increasing risks to public finances, FX position
Categories Business Finance HYPED Ali Riza Güngen: The Shifting Politics of Debt in Turkey Atilla YeşiladaPosted on14 July, 2022 When the first wave of the Covid-19 pandemic in 2020 triggered widespread economic hardship, Turkish … Continue ReadingAli Riza Güngen: The Shifting Politics of Debt in Turkey
Categories Economy Finance HIGHLIGHTS Fitch’s Eid gift: Agency downgrades Turkey’s debt rating to ‘B’ from ‘B+’ Atilla YeşiladaPosted on9 July, 2022 Ratings agency Fitch on Friday downgraded Turkey’s debt rating to ‘B’ from ‘B+’, citing increasing … Continue ReadingFitch’s Eid gift: Agency downgrades Turkey’s debt rating to ‘B’ from ‘B+’
Categories Economy Finance HIGHLIGHTS Turkey’s banking watchdog eases regulations on lira loans to FX-rich firms Güldem AtabayPosted on8 July, 2022 Turkey’s BDDK banking watchdog has eased some of the regulations that had limited Turkish lira … Continue ReadingTurkey’s banking watchdog eases regulations on lira loans to FX-rich firms
Categories Finance HIGHLIGHTS Markets CNBC: Turkish lira whipsaws following new loan ban Atilla YeşiladaPosted on27 June, 2022 Turkey’s new loan ban to companies with an excess of foreign exchange funds is meant … Continue ReadingCNBC: Turkish lira whipsaws following new loan ban
Categories Economy Finance General HIGHLIGHTS Markets Lira Surges, Stocks Fall as Turkey Introduces New Loan Ban Güldem AtabayPosted on27 June, 2022 The Turkish lira headed for its biggest gain this year, extending Friday’s advance after the … Continue ReadingLira Surges, Stocks Fall as Turkey Introduces New Loan Ban
Categories Economy Finance HIGHLIGHTS JP Morgan: Turkey: the CBRT shows no intention of tightening its policy Atilla YeşiladaPosted on24 June, 2022 Despite stronger price pressures and tighter global liquidity, the CBRT, once again, kept rates unchanged … Continue ReadingJP Morgan: Turkey: the CBRT shows no intention of tightening its policy
Categories Economy Finance General HIGHLIGHTS Markets Turkey Wants to Claw Back More Dollars With Cheap Exporter Loans Güldem AtabayPosted on13 June, 2022 Turkey is making another effort to arrest a precipitous decline in its currency by dangling … Continue ReadingTurkey Wants to Claw Back More Dollars With Cheap Exporter Loans
