Categories Economy HIGHLIGHTS Turkey’s minimum wage approaching starvation line Güldem AtabayPosted on1 February, 2022 The gap in Turkey between the minimum wage and starvation line has almost almost completely … Continue ReadingTurkey’s minimum wage approaching starvation line
Categories Economy HIGHLIGHTS Turkish central bank to set interest rates on dollar-linked deposits Güldem AtabayPosted on1 February, 2022 Turkey’s central bank will set maximum interest rates to be charged by banks on dollar-linked … Continue ReadingTurkish central bank to set interest rates on dollar-linked deposits
Categories Economy HIGHLIGHTS Istanbul inflation surges to 19-year high to 50.9 percent Güldem AtabayPosted on1 February, 2022 Inflation in Istanbul announced by the Istanbul Chamber of Commerce (ITO) showed January 2022 Wage Earners’ … Continue ReadingIstanbul inflation surges to 19-year high to 50.9 percent
Categories Business Economy Finance HIGHLIGHTS Macro Snapshot: CUR, RSCI and Sectoral Confidence Indices Cem CetingucPosted on1 February, 2022 In January, manufacturing CUR and construction confidence index decreased whereas real sector, service and retail … Continue ReadingMacro Snapshot: CUR, RSCI and Sectoral Confidence Indices
Categories General HIGHLIGHTS Politics Turkey’s past, present and future: After Erdogan, what then? Cem CetingucPosted on1 February, 2022 This latest history of Turkey in the 20th century traces the line of change from the … Continue ReadingTurkey’s past, present and future: After Erdogan, what then?
Categories Economy General HIGHLIGHTS Politics President Erdoğan: Taking necessary steps to protect our people from inflation Cem CetingucPosted on1 February, 2022 We are taking steps one by one which will protect our people from high inflation … Continue ReadingPresident Erdoğan: Taking necessary steps to protect our people from inflation
Categories Business Company & Industry Finance HIGHLIGHTS Turkish Banks: Q4 21 results – What to expect? Cem CetingucPosted on1 February, 2022 Q4 2021 earnings season will start next week. We expect 39% earnings growth qoq and … Continue ReadingTurkish Banks: Q4 21 results – What to expect?
Categories Business Company & Industry General HIGHLIGHTS Industry and technology minister: Turkey top home appliances exporter in Europe in 2021 Cem CetingucPosted on1 February, 2022 Turkey took top honors as the largest home appliances exporter in Europe in 2021, the … Continue ReadingIndustry and technology minister: Turkey top home appliances exporter in Europe in 2021
Categories General HIGHLIGHTS Turkish Government takes steps to counter ‘harmful’ TV shows for the good of family values Cem CetingucPosted on1 February, 2022 A presidential circular published on the Official Gazette has said necessary steps will be taken to “counter” … Continue ReadingTurkish Government takes steps to counter ‘harmful’ TV shows for the good of family values
Categories Business Company & Industry Finance HIGHLIGHTS Turkish Banks: Sector Monthly Data Cem CetingucPosted on1 February, 2022 29% monthly ROE on lower provision expenses Turkish banking sector’s December net income is up … Continue ReadingTurkish Banks: Sector Monthly Data
Categories Finance HIGHLIGHTS Markets Reuters: Central Bank sold $600 mn to $1 bn last week to defend Turkish Lira Atilla YeşiladaPosted on1 February, 2022 Turkish authorities either deny intervening in the currency market, or answer questions about the subject. … Continue ReadingReuters: Central Bank sold $600 mn to $1 bn last week to defend Turkish Lira
Categories General HIGHLIGHTS Xinhua: Turkey’s retirees suffer inflation pain despite pension hike Atilla YeşiladaPosted on31 January, 2022 With soaring inflation in Turkey that has hit all walks of life, the pain of … Continue ReadingXinhua: Turkey’s retirees suffer inflation pain despite pension hike
Categories Economy HIGHLIGHTS Recep Ercin: The Turkish economy’s 2021 fault lines will make 2022 a year of tough decisions Atilla YeşiladaPosted on28 January, 2022 The Turkish economy has suffered three major currency crises since a difficult turn was taken, … Continue ReadingRecep Ercin: The Turkish economy’s 2021 fault lines will make 2022 a year of tough decisions
Categories Business HIGHLIGHTS Energy shortages to deal blow to exporters, supply chain center ambitions Atilla YeşiladaPosted on28 January, 2022 Turkish industrial representatives continue to warn that production could be at risk if the energy … Continue ReadingEnergy shortages to deal blow to exporters, supply chain center ambitions
Categories General HIGHLIGHTS Politics Pro-Ankara UBP wins majority in Turkish Cypriot polls Cem CetingucPosted on28 January, 202228 January, 2022 A right-wing nationalist party has won the majority of Turkish Cypriot votes in snap legislative … Continue ReadingPro-Ankara UBP wins majority in Turkish Cypriot polls
Categories Business Company & Industry General HIGHLIGHTS Tesla plans to tap into Turkish market with all four vehicles in 2022 Cem CetingucPosted on28 January, 202228 January, 2022 Tesla is reportedly planning for a coordinated and structured launch of its vehicle product line … Continue ReadingTesla plans to tap into Turkish market with all four vehicles in 2022
Categories General HIGHLIGHTS HYPED Istanbul becomes the focal point for Africans for cosmopolitan lifestyle Cem CetingucPosted on28 January, 202228 January, 2022 Jan. 24 is World Day for African and Afrodescendant Culture, an occasion to celebrate the … Continue ReadingIstanbul becomes the focal point for Africans for cosmopolitan lifestyle
Categories HIGHLIGHTS Politics Tim Ash: Russia conflict – Is Taiwan next? Atilla YeşiladaPosted on28 January, 2022 Just had the pleasure (?) to listen thru another sell side presentation with the message … Continue ReadingTim Ash: Russia conflict – Is Taiwan next?
Categories Finance HIGHLIGHTS The world’s eighth wonder: Turkish Lira Atilla YeşiladaPosted on27 January, 2022 Turkey’s once-sickly currency, the Turkish Lira has weathered the Fed storm, higher oil prices (Turkey … Continue ReadingThe world’s eighth wonder: Turkish Lira
Categories Economy HIGHLIGHTS CBRT Inflation Report, 2022/I: Estimates revised upward, but still seem optimistic Atilla YeşiladaPosted on27 January, 2022 The CBRT increased year-end inflation forecast from 11.8% (forecast range: 9.6-14%) to 23.2% (forecast range: … Continue ReadingCBRT Inflation Report, 2022/I: Estimates revised upward, but still seem optimistic
