Categories Economy HIGHLIGHTS Turkish private sector’s external debt amounts $169 billion as of end-2021 Güldem AtabayPosted on16 February, 2022 The Turkish private sector’s outstanding foreign loans amounted to $169.4 billion as of the end … Continue ReadingTurkish private sector’s external debt amounts $169 billion as of end-2021
Categories Business General HIGHLIGHTS Politics Turkey, UAE makes trade deal during Erdogan visit Cem CetingucPosted on16 February, 2022 Turkish President Tayyip Erdogan arrived in the United Arab Emirates on Monday as the countries … Continue ReadingTurkey, UAE makes trade deal during Erdogan visit
Categories General HIGHLIGHTS Politics Turkey sending senior officials to Israel ahead of Herzog visit Cem CetingucPosted on16 February, 2022 A team of senior officials from Turkey will travel to Israel ahead of President Isaac … Continue ReadingTurkey sending senior officials to Israel ahead of Herzog visit
Categories Economy HIGHLIGHTS Turkey posts 30 billion lira budget surplus in January as tax revenue jumps on higher inflation Güldem AtabayPosted on15 February, 2022 Turkey reported a budget surplus of 30 billion liras ($2.2 billion) in January as business tax … Continue ReadingTurkey posts 30 billion lira budget surplus in January as tax revenue jumps on higher inflation
Categories Economy HIGHLIGHTS Politics Erdogan’s economic miscalculations could spell the end of his political career Atilla YeşiladaPosted on15 February, 2022 Turkey’s economic crisis is eroding President Erdogan’s support. One and a half years before the … Continue ReadingErdogan’s economic miscalculations could spell the end of his political career
Categories Business HIGHLIGHTS Guven Sak: How Turkey lost her way Atilla YeşiladaPosted on15 February, 2022 Why are inflationary expectations rising now? One reason is the rapid depreciation of the Turkish … Continue ReadingGuven Sak: How Turkey lost her way
Categories General HIGHLIGHTS Politics Journalists sent back to jail after sentences upheld in Libya case Güldem AtabayPosted on15 February, 2022 After the Istanbul Regional Appeals Court upheld their convictions, journalists Barış Pehlivan, Murat Ağırel and … Continue ReadingJournalists sent back to jail after sentences upheld in Libya case
Categories Economy HIGHLIGHTS Politics Selim Yenel: Is the EU Ready for Possible Political Change in Turkey? Atilla YeşiladaPosted on15 February, 2022 It seems that the EU believes, for the first time in many years, that the … Continue ReadingSelim Yenel: Is the EU Ready for Possible Political Change in Turkey?
Categories Finance HIGHLIGHTS Oil rally could depress TL to $20 vs dollar Atilla YeşiladaPosted on14 February, 2022 Since the beginning of January, dollar/TL exchange rate has been “stuck” at a very narrow … Continue ReadingOil rally could depress TL to $20 vs dollar
Categories HIGHLIGHTS Politics Half of Turkish electorate supports opposition bloc: MetroPoll survey Atilla YeşiladaPosted on14 February, 2022 According to the results of a recent opinion poll conducted by the Ankara-based MetroPoll, 49.7 … Continue ReadingHalf of Turkish electorate supports opposition bloc: MetroPoll survey
Categories General HIGHLIGHTS Politics The Turkish Malaise by Cengiz Aktar Atilla YeşiladaPosted on14 February, 2022 https://www.tplondon.com/product/turkish-malaise/ What is going on in Turkey since some time now, doesn’t seem … Continue Reading The Turkish Malaise by Cengiz Aktar
Categories HIGHLIGHTS Politics US urges Turkey to respect freedom of press after move against int’l news websites Güldem AtabayPosted on13 February, 2022 The United States has warned Turkey to respect freedom of the press after the country’s … Continue ReadingUS urges Turkey to respect freedom of press after move against int’l news websites
Categories HIGHLIGHTS Politics Ruling coalition files criminal complaint against journalist Ayşenur Arslan Güldem AtabayPosted on13 February, 2022 After the assassination of mob boss Halil Falyalı in Northern Cyprus this week, many questions … Continue ReadingRuling coalition files criminal complaint against journalist Ayşenur Arslan
Categories Economy HIGHLIGHTS Politics Turkey to Cut VAT on Staple Foods in Bid to Tame Inflation Güldem AtabayPosted on13 February, 2022 Turkey will reduce value-added tax on staple foods to 1% from 8% in an effort … Continue ReadingTurkey to Cut VAT on Staple Foods in Bid to Tame Inflation
Categories Economy HIGHLIGHTS Politics Turkish Opposition Agree on Roadmap for Parliament System Return Güldem AtabayPosted on13 February, 2022 Turkey’s opposition parties agreed on a roadmap to bring back the parliamentary system, blaming powers … Continue ReadingTurkish Opposition Agree on Roadmap for Parliament System Return
Categories Economy HIGHLIGHTS December current account deficit augurs ill for the New Economy Plan Atilla YeşiladaPosted on12 February, 2022 Turkey’s current account recorded a deficit of US$3.8bn in December, which is up from the … Continue ReadingDecember current account deficit augurs ill for the New Economy Plan
Categories Finance HIGHLIGHTS Fitch attacks at midnight Atilla YeşiladaPosted on12 February, 2022 Fitch Ratings has downgraded Turkey’s Long-Term Foreign Currency Issuer Default Rating (IDR) to ‘B+’ from … Continue ReadingFitch attacks at midnight
Categories Emerging Markets Finance HIGHLIGHTS Fed Interest Rate Hikes Will Hurt Turkish Economy (And Other Emerging Markets) Badly Atilla YeşiladaPosted on11 February, 2022 American Central Bank Fed will start raising its interest rates by March. It will also … Continue ReadingFed Interest Rate Hikes Will Hurt Turkish Economy (And Other Emerging Markets) Badly
Categories Business Economy HIGHLIGHTS Minister reveals Turkey’s target set for 2022: $35 billion in tourism revenues Cem CetingucPosted on11 February, 202211 February, 2022 Initial indicators, such as early reservations, suggest that Turkey’s target set for 2022 of generating $35 … Continue ReadingMinister reveals Turkey’s target set for 2022: $35 billion in tourism revenues
Categories General HIGHLIGHTS Politics Turkey steps up Ukraine support as Germany remains distant Cem CetingucPosted on11 February, 2022 Turkey’s support of Ukraine in the face of a possible invasion by Russia, despite recent troubles with Europe, … Continue ReadingTurkey steps up Ukraine support as Germany remains distant
