Categories Economy HIGHLIGHTS Turkish Statistical Institute denies entry to main opposition CHP leader Kılıçdaroğlu Güldem AtabayPosted on3 December, 2021 Turkey’s state-run statistics office (TÜİK) has not allowed main opposition Republican People’s Party (CHP) leader … Continue ReadingTurkish Statistical Institute denies entry to main opposition CHP leader Kılıçdaroğlu
Categories Economy HIGHLIGHTS Independent research group calculates November inflation three times that of the official figure Güldem AtabayPosted on3 December, 20213 December, 2021 Established by a group of academics and announcing alternative inflation rates in Turkey using official … Continue ReadingIndependent research group calculates November inflation three times that of the official figure
Categories Economy HIGHLIGHTS Gedik Investment Economist: CPI inflation may exceed 30% soon Atilla YeşiladaPosted on3 December, 2021 COVER Chart: Turkey CPI and domestic PPI in November 2021 CPI inflation exceeds expectations … Continue ReadingGedik Investment Economist: CPI inflation may exceed 30% soon
Categories HIGHLIGHTS Politics Turkey urges Council of Europe to reconsider disciplinary proceedings Cem CetingucPosted on3 December, 2021 Turkey on Dec. 2 called on the Council of Europe to avoid punishing Turkey ahead of a decision … Continue ReadingTurkey urges Council of Europe to reconsider disciplinary proceedings
Categories General HIGHLIGHTS New Finance Minister reveals Turkey won’t prioritize high interest rates Cem CetingucPosted on3 December, 20213 December, 2021 Turkey will not prioritize high interest rates under the new economic model, the newly appointed … Continue ReadingNew Finance Minister reveals Turkey won’t prioritize high interest rates
Categories Economy General HIGHLIGHTS S&P Global Ratings: Risks drastically increase as Turkey uses borrowed lira reserves Cem CetingucPosted on3 December, 2021 Turkey risks damaging confidence in the lira further by using “borrowed” reserves to defend its … Continue ReadingS&P Global Ratings: Risks drastically increase as Turkey uses borrowed lira reserves
Categories Economy HIGHLIGHTS Turkish Central Bank chief signals rate-cut pause in January Güldem AtabayPosted on2 December, 2021 Turkey’s Central Bank chief signaled on Dec. 2 that aggressive policy easing will likely pause … Continue ReadingTurkish Central Bank chief signals rate-cut pause in January
Categories Economy HIGHLIGHTS Why is Turkey’s lira crashing and will currency crisis worsen? Güldem AtabayPosted on2 December, 2021 Once again, Turkey is in the throes of a currency crisis. The lira has lost … Continue ReadingWhy is Turkey’s lira crashing and will currency crisis worsen?
Categories Economy General HIGHLIGHTS Markets Central bank intervenes Turkish lira following another sudden crash Güldem AtabayPosted on2 December, 2021 Turkey’s central bank to support the sinking lira, directly intervened the foreign-exchange markets for the … Continue ReadingCentral bank intervenes Turkish lira following another sudden crash
Categories General HIGHLIGHTS Politics Elvan out, Nebati in Atilla YeşiladaPosted on2 December, 2021 Minister of Finance and Treasury Lütfi Elvan has resigned from his post and has been … Continue ReadingElvan out, Nebati in
Categories Economy HIGHLIGHTS Politics Erdoğan: Low interest rate policy ‘all the way’ Cem CetingucPosted on1 December, 2021 President Recep Tayyip Erdoğan on Wednesday said there was “no turning back” from the new … Continue ReadingErdoğan: Low interest rate policy ‘all the way’
Categories Business Company & Industry Finance HIGHLIGHTS Kordsa: Reinforced By Surging Demand Cem CetingucPosted on1 December, 20211 December, 2021 We are initiating coverage of Kordsa Teknik Tekstil (“Kordsa”) with a Buy rating and a … Continue ReadingKordsa: Reinforced By Surging Demand
Categories Economy Finance General HIGHLIGHTS Macro Snapshot: Manufacturing PMI increased to 52 in November Cem CetingucPosted on1 December, 2021 Manufacturing PMI increased to 52 in November (Prior: 51.2). Headline figure continued to remain above … Continue ReadingMacro Snapshot: Manufacturing PMI increased to 52 in November
Categories Business Company & Industry Finance HIGHLIGHTS Downgrading Turkish banks; spotlight on capital Cem CetingucPosted on1 December, 2021 Until now, resilient financial performance of Turkish banks led to us to maintain Buy/High Risk … Continue ReadingDowngrading Turkish banks; spotlight on capital
Categories Economy HIGHLIGHTS Markets The Aftermath of Currency Collapse: Sudden Stop Syndrome Atilla YeşiladaPosted on1 December, 2021 The Aftermath of Currency Collapse: Sudden Stop Syndrome President Erdogan’s mad experiment called … Continue ReadingThe Aftermath of Currency Collapse: Sudden Stop Syndrome
Categories Economy HIGHLIGHTS Lira sinks as Powell announces plans for faster tapering Güldem AtabayPosted on30 November, 202130 November, 2021 Turkish Lira sank to another record low level following Fed Chair Powell declared intentions for … Continue ReadingLira sinks as Powell announces plans for faster tapering
Categories Economy HIGHLIGHTS Turkey’s wonderful GDP growth… Güldem AtabayPosted on30 November, 202130 November, 2021 Turkey posted 7.4%, yoy GDP growth in Q321 and 2.7% qoq expansion when adjusted for … Continue ReadingTurkey’s wonderful GDP growth…
Categories Business Company & Industry HIGHLIGHTS Turkish Automotive : Great expectations Cem CetingucPosted on30 November, 202130 November, 2021 In this report, we transfer coverage and revisit the investment cases of Ford Otosan, Tofas … Continue ReadingTurkish Automotive : Great expectations
Categories Business Company & Industry HIGHLIGHTS HSBC Global Research: TUPRS (Hold maintained) Cem CetingucPosted on30 November, 202130 November, 2021 Strategic transition plan: Tupras management released yesterday the details of its Strategic Transition Plan … Continue ReadingHSBC Global Research: TUPRS (Hold maintained)
Categories Company & Industry General HIGHLIGHTS JP Morgan: Turkish Banks Cem CetingucPosted on30 November, 2021 We upgrade select subs of Turkish large banks from N to OW. For this upgrade … Continue ReadingJP Morgan: Turkish Banks