Categories Economy HIGHLIGHTS Turkey’s foreign trade deficit drops by 42 percent in July Cem CetingucPosted on28 August, 202428 August, 2024 Türkiye’s foreign trade deficit declined by 41.8 percent year-on-year in July to $7.3 billion as exports rose … Continue ReadingTurkey’s foreign trade deficit drops by 42 percent in July
Categories HIGHLIGHTS Politics Ankara calls on EU for increased dialogue and cooperation Cem CetingucPosted on28 August, 202428 August, 2024 Foreign Minister Hakan Fidan will underscore the importance of enhancing institutional dialogue and closer engagement in bilateral … Continue ReadingAnkara calls on EU for increased dialogue and cooperation
Categories Economy General HIGHLIGHTS Politics The winds of ‘change’ are blowing again in CHP: Imamoğlu and Kılıçdaroğlu cooperate, Özel seeks compromise Güldem AtabayPosted on27 August, 2024 Ekrem İmamoğlu’s message of ‘change’ has stirred the CHP’s backstage. While Imamoğlu and Kılıçdaroğlu are … Continue ReadingThe winds of ‘change’ are blowing again in CHP: Imamoğlu and Kılıçdaroğlu cooperate, Özel seeks compromise
Categories Economy HIGHLIGHTS CBRT: Household inflation expectations on the rise again as real sector trims its Güldem AtabayPosted on27 August, 2024 In August 2024, 12-month-ahead annual inflation expectations decreased by 1.3 points to 28.7 percent for … Continue ReadingCBRT: Household inflation expectations on the rise again as real sector trims its
Categories HIGHLIGHTS Politics Report presented to Erdoğan cited problems in justice and the economy Güldem AtabayPosted on27 August, 2024 The report, prepared by SETA and presented to President Erdoğan and the AKP leadership, cited … Continue ReadingReport presented to Erdoğan cited problems in justice and the economy
Categories General HIGHLIGHTS August Economic Update: Capacity utilization drops, Business sentiment worsens Cem CetingucPosted on26 August, 2024 Data from the Central Bank have shown that the capacity utilization rate (CUR) in the key manufacturing … Continue ReadingAugust Economic Update: Capacity utilization drops, Business sentiment worsens
Categories General HIGHLIGHTS Politics Nuray Babacan: How “Mehmet Simsek” crisis unfolded Atilla YeşiladaPosted on25 August, 2024 Gazete Pencere web daily Ankara correspondent Ms. Nuray Babacan is known for her connections to … Continue ReadingNuray Babacan: How “Mehmet Simsek” crisis unfolded
Categories General HIGHLIGHTS Rumors of Mehmet Simsek resignation roil Ankara, markets Atilla YeşiladaPosted on25 August, 2024 It was first a conspiracy theorist and widely followed You Tube commentator, Mr Erol Mutercimler, … Continue ReadingRumors of Mehmet Simsek resignation roil Ankara, markets
Categories Economy Finance HIGHLIGHTS According to the Central Bank, there are two main reasons for the increase in foreign currency accounts Güldem AtabayPosted on22 August, 2024 According to the analysis published on the Central Bank’s blog page, the increase in FX … Continue ReadingAccording to the Central Bank, there are two main reasons for the increase in foreign currency accounts
Categories Economy HIGHLIGHTS Turkey: Only 22.8 million of the 65.9 million people who can work are in formal, full-time employment! Güldem AtabayPosted on19 August, 2024 Turkish Statistical Institute’s (TurkStat) Household Labor Force Survey (HLFS) for the 2nd quarter of 2024 … Continue ReadingTurkey: Only 22.8 million of the 65.9 million people who can work are in formal, full-time employment!
Categories HIGHLIGHTS Politics Turkish politics/Murat Yetkin: Erdoğan is President but Bahçeli’s shadow is enough – What MHP says goes Güldem AtabayPosted on19 August, 2024 “The AK Party did what was necessary even without the Nationalist Movement Party”. MHP leader … Continue ReadingTurkish politics/Murat Yetkin: Erdoğan is President but Bahçeli’s shadow is enough – What MHP says goes
Categories Economy HIGHLIGHTS Turkey: Alarming increase in concordat declarations Güldem AtabayPosted on19 August, 2024 There is a serious increase in the number of companies declaring concordat in Turkey. The … Continue ReadingTurkey: Alarming increase in concordat declarations
Categories Economy HIGHLIGHTS Challenges to economic outlook mount despite Simsek’s efforts Cem CetingucPosted on19 August, 202419 August, 2024 The Turkish economy is currently grappling with significant inflation challenges, forcing adjustments from both authorities … Continue ReadingChallenges to economic outlook mount despite Simsek’s efforts
Categories Economy General HIGHLIGHTS Surge in internal migration as Istanbul faces significant population decline Cem CetingucPosted on19 August, 2024 Istanbul and Ankara saw the highest levels of both incoming and outgoing migration last year. … Continue ReadingSurge in internal migration as Istanbul faces significant population decline
Categories HIGHLIGHTS Politics Violent clash in Parliament undermines democratic values Cem CetingucPosted on19 August, 2024 Dozens of lawmakers became embroiled in a fisticuffs brawl in Turkey’s parliament on Friday as … Continue ReadingViolent clash in Parliament undermines democratic values
Categories Company & Industry HIGHLIGHTS Akbank: Upgrade to Buy: Margins turning the corner Cem CetingucPosted on19 August, 2024 Recent pullback provides an attractive entry point: We expect Akbank’s NIM to enter an upcycle … Continue ReadingAkbank: Upgrade to Buy: Margins turning the corner
Categories HIGHLIGHTS Markets Why are Turkish stocks slumping, while EM rally accelerates? Atilla YeşiladaPosted on18 August, 2024 Emerging-market stocks rallied on Friday, driven by tech companies in Asia, following U.S. data which … Continue ReadingWhy are Turkish stocks slumping, while EM rally accelerates?
Categories General HIGHLIGHTS Turkish Defense Minister: Assad is making peace difficult Atilla YeşiladaPosted on18 August, 2024 Ankara’s efforts to make peace with Assad regime has run aground, despite the best efforts … Continue ReadingTurkish Defense Minister: Assad is making peace difficult
Categories General HIGHLIGHTS Istanbul residents are deadly afraid of the second Marmara Quake, and rightly so Atilla YeşiladaPosted on18 August, 2024 In the 25th anniversary of the grand tremor that hit Marmara Sea, causing massive damage … Continue ReadingIstanbul residents are deadly afraid of the second Marmara Quake, and rightly so
Categories General HIGHLIGHTS Politics UPDATE: Three polls, one conclusion: People are sick and tired of AK Party Atilla YeşiladaPosted on18 August, 202418 August, 2024 Cover photo: AK Party’s logo is a light bulb Three polls by Metropoll, ORC and … Continue ReadingUPDATE: Three polls, one conclusion: People are sick and tired of AK Party
