Categories Business HIGHLIGHTS Daily Sabah: Turkey signals wage hike to help workers amid soaring inflation Atilla YeşiladaPosted on21 June, 2022 The Turkish government on Tuesday signaled it could boost wages as of July, in an … Continue ReadingDaily Sabah: Turkey signals wage hike to help workers amid soaring inflation
Categories Business General HIGHLIGHTS MBS to pay a visit to Ankara, but WHY? Atilla YeşiladaPosted on18 June, 2022 Saudi Crown Prince Mohammed bin Salman (MBS) will visit Ankara next week, Turkish President Recep … Continue ReadingMBS to pay a visit to Ankara, but WHY?
Categories General HIGHLIGHTS Politics Opposition leader Babacan: Erdogan to bankrupt Turkey Atilla YeşiladaPosted on18 June, 2022 Turkey is on the verge of total bankruptcy, according to President Recep Tayyip Erdogan’s former … Continue ReadingOpposition leader Babacan: Erdogan to bankrupt Turkey
Categories Economy HIGHLIGHTS Goldman sees Turkey inflation of near 80% before relief comes Atilla YeşiladaPosted on17 June, 2022 Goldman Sachs said on Friday it expects annual inflation in Turkey to reach almost 80% … Continue ReadingGoldman sees Turkey inflation of near 80% before relief comes
Categories General HIGHLIGHTS Politics U.S.-led coalition says it detained senior ISIS leader in Syria Güldem AtabayPosted on16 June, 2022 The U.S.-led coalition said it had detained a senior Islamic State group leader in Syria … Continue ReadingU.S.-led coalition says it detained senior ISIS leader in Syria
Categories Business General HIGHLIGHTS Turkey’s leader changes mind again on new name for airline Atilla YeşiladaPosted on16 June, 2022 Turkey’s president, in a push to recast top Turkish assets to avoid any possible derogatory … Continue ReadingTurkey’s leader changes mind again on new name for airline
Categories Business HIGHLIGHTS Turkey’ leading business lobby rebels against Erdogan Atilla YeşiladaPosted on16 June, 2022 Turkish President Recep Tayyip Erdoğan on Wednesday blasted Turkish business group TÜSIAD’s chair Orhan Turan … Continue ReadingTurkey’ leading business lobby rebels against Erdogan
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
Categories Economy General HIGHLIGHTS Turkey Credit Default Swaps Jump to 19-Year High Amid Lira Woes Güldem AtabayPosted on13 June, 2022 The cost to insure against a debt default by Turkey’s government in the next five … Continue ReadingTurkey Credit Default Swaps Jump to 19-Year High Amid Lira Woes
Categories Economy HIGHLIGHTS April CA deficit rises to USD 21.1bn in first trimester from USD9.1 year ago Atilla YeşiladaPosted on13 June, 2022 In April, Current Account (CA) posted a monthly deficit of USD2.7bn (Cons.: USD -3.1bn) vs … Continue ReadingApril CA deficit rises to USD 21.1bn in first trimester from USD9.1 year ago
Categories Economy HIGHLIGHTS Lira Swings, CDS Surge as New Measures Fail to Ease Concerns Güldem AtabayPosted on10 June, 2022 The Turkish lira whipsawed with surging credit-default swaps as investors appeared underwhelmed by the series … Continue ReadingLira Swings, CDS Surge as New Measures Fail to Ease Concerns
Categories Economy HIGHLIGHTS UPDATE (yield added): Turkey Announces New, Revenue-Indexed Bonds to Bolster Lira Güldem AtabayPosted on10 June, 202210 June, 2022 On Friday evening, the Treasury disclosed the details of the revenue-indexed bonds. The base-line revenues … Continue ReadingUPDATE (yield added): Turkey Announces New, Revenue-Indexed Bonds to Bolster Lira
Categories Economy HIGHLIGHTS Politics Venezuelan President Maduro visits Turkey, meets Erdogan Güldem AtabayPosted on8 June, 2022 Venezuelan President Nicolas Maduro will pay a two-day official visit to Turkey beginning on Tuesday, … Continue ReadingVenezuelan President Maduro visits Turkey, meets Erdogan
Categories Economy HIGHLIGHTS S&P warns: Turkey risks introducing additional capital controls Güldem AtabayPosted on8 June, 2022 International credit rating agency Standard & Poor’s (S&P) said Turkey is at increased risk of … Continue ReadingS&P warns: Turkey risks introducing additional capital controls
Categories General HIGHLIGHTS 14.8 million people in Turkey suffer from undernourishment: UN report Güldem AtabayPosted on8 June, 2022 Some 14.8 million out of 82.3 million people in Turkey have insufficient food consumption as … Continue Reading14.8 million people in Turkey suffer from undernourishment: UN report
Categories Economy General HIGHLIGHTS UPDATE: Russia and Turkey raise hopes of grain export corridor from Ukraine Güldem AtabayPosted on8 June, 20228 June, 2022 UPDATE: Grain Talks in Ankara Show No Signs of Progress (Bloomberg) — Talks between Russia … Continue ReadingUPDATE: Russia and Turkey raise hopes of grain export corridor from Ukraine
Categories Economy HIGHLIGHTS Markets Lira Sinks to 17 Per Dollar as Erdogan Rate Talk Fuels Forex Demand Güldem AtabayPosted on8 June, 20228 June, 2022 Turkey’s lira tumbled beyond 17 per dollar for the first time since December amid a … Continue ReadingLira Sinks to 17 Per Dollar as Erdogan Rate Talk Fuels Forex Demand
Categories Business Company & Industry Finance HIGHLIGHTS Turkish Aviation: Heading towards a strong summer Cem CetingucPosted on8 June, 2022 Shift in traffic mix towards international routes should support profitability. Despite the headwinds from Omicron … Continue ReadingTurkish Aviation: Heading towards a strong summer
Categories Emerging Markets HIGHLIGHTS Danske Research: Whole lotta’ bad news for EM Atilla YeşiladaPosted on7 June, 2022 Danske Research warns investors about more shocks to hit the already badly-stricken EM asset class. … Continue ReadingDanske Research: Whole lotta’ bad news for EM
Categories Economy Emerging Markets General HIGHLIGHTS Markets Reuters: Turkish Lira continues to weaken, Nebati says rates to stay put Cem CetingucPosted on7 June, 20227 June, 2022 Turkey’s lira slid to beyond 16.55 against the dollar on Monday, bringing its losses to … Continue ReadingReuters: Turkish Lira continues to weaken, Nebati says rates to stay put
