Categories Company & Industry HIGHLIGHTS Markets Borsa Istanbul 3Q Earnings Review: The summer of discontent Atilla YeşiladaPosted on16 October, 2020One of Turkey’s leading investment banks, Yatirim Finans (Invest) became the first institution to disclose … Continue ReadingBorsa Istanbul 3Q Earnings Review: The summer of discontent
Categories Economy HIGHLIGHTS Özlem Derici Şengül Deterioration in current account balance continues Atilla YeşiladaPosted on16 October, 202016 October, 2020Current account deficit was USD4.6bn in August… According to the balance of payments data published … Continue ReadingDeterioration in current account balance continues
Categories Business HIGHLIGHTS Shopping mall stores debating closure Atilla YeşiladaPosted on15 October, 2020News by dunya.com Turkey’s brand-new shopping malls are failing to attract footfall, as many mall … Continue ReadingShopping mall stores debating closure
Categories Business HIGHLIGHTS Credit boom raising concerns about bank asset quality Atilla YeşiladaPosted on15 October, 2020Bad debts could become more of a headache for Turkish banks when credit expansion slows, … Continue ReadingCredit boom raising concerns about bank asset quality
Categories General HIGHLIGHTS Nagorno-Karabagh: Cease-fire fails, casualties increase Atilla YeşiladaPosted on15 October, 2020The reported death toll in clashes between Armenian and Azerbaijani forces over the separatist territory … Continue ReadingNagorno-Karabagh: Cease-fire fails, casualties increase
Categories Economy HIGHLIGHTS August Industrial Production: “V” shaped recovery in Q3 continues Atilla YeşiladaPosted on13 October, 2020Cover chart: Seasonally adjusted 3-mth and 12-mth moving average IP in Turkish According to a … Continue ReadingAugust Industrial Production: “V” shaped recovery in Q3 continues
Categories HIGHLIGHTS Politics Istanbul Economics Research Survey: AKP-MHP dropping fast in polls Atilla YeşiladaPosted on13 October, 202013 October, 2020News of ParaAnaliz Can Selçuki, General Director of Istanbul Economics Research, told opposition daily Cumhuriyet … Continue ReadingIstanbul Economics Research Survey: AKP-MHP dropping fast in polls
Categories General HIGHLIGHTS Turkey will declare asymptomatic COVID-19 cases as of next week Atilla YeşiladaPosted on13 October, 2020Turkey will start declaring the number of asymptomatic COVID-19 cases from Oct. 15, its health … Continue ReadingTurkey will declare asymptomatic COVID-19 cases as of next week
Categories Business HIGHLIGHTS Real Turkey Channel: Turkey lands the Grand Prize in gas lottery Atilla YeşiladaPosted on12 October, 202012 October, 2020 Turkey used to import all of its primary energy, being extremely poor in hydro-carbon … Continue ReadingReal Turkey Channel: Turkey lands the Grand Prize in gas lottery
Categories General HIGHLIGHTS Good Morning from Turkey: This week’s hot topics in Turkey Atilla YeşiladaPosted on12 October, 2020In today’s episode of Good Morning from Turkey, Cem Cetinguc covers the new Turkish social … Continue ReadingGood Morning from Turkey: This week’s hot topics in Turkey
Categories Economy Emerging Markets HIGHLIGHTS No good: Turkey’s 2020 domestic borrowing limit doubled Güldem AtabayPosted on9 October, 2020The proposal on the “Amendment of the Public Financial Management and Control Law” was accepted … Continue ReadingNo good: Turkey’s 2020 domestic borrowing limit doubled
Categories Economy Emerging Markets HIGHLIGHTS Another day, another rate hike.. but not the “one” Güldem AtabayPosted on9 October, 2020Turkey’s central bank increased its swap rate it offers for lira to 11.75 percent from … Continue ReadingAnother day, another rate hike.. but not the “one”
Categories Economy HIGHLIGHTS Turkish gold reserves rise as FX reserves fall Güldem AtabayPosted on9 October, 2020Turkey’s central bank has accumulated 5.9mn oz of gold ytd (worth US$16bn), its stock is … Continue ReadingTurkish gold reserves rise as FX reserves fall
Categories Columnists Emerging Markets HIGHLIGHTS EM prognosis: Deeper recession, meagre financial flows Atilla YeşiladaPosted on9 October, 2020“Insanity is to repeat the same action expecting different results”, said Einstein, or perhaps it … Continue ReadingEM prognosis: Deeper recession, meagre financial flows
Categories Atilla Yeşilada Economy HIGHLIGHTS Video commentary: The death of an economy by thousand bites Atilla YeşiladaPosted on9 October, 2020Turkish economy never recovered from the devastating Covid-19 shutdowns in April through mid-June. Leading indicators … Continue ReadingVideo commentary: The death of an economy by thousand bites
Categories Atilla Yeşilada Economy HIGHLIGHTS Currency depreciation presages economic ruin Atilla YeşiladaPosted on9 October, 2020The calm in the Turkish currency TL, didn’t last long. On Friday morning at 07:30 … Continue ReadingCurrency depreciation presages economic ruin
Categories Economy HIGHLIGHTS Dr Yalcinkaya: Budget Deficit to increase drastically in the last quarter Atilla YeşiladaPosted on9 October, 2020Cover chart in Turkish: Monthly budget deficits By Ali Orhan Yalçınkaya Treasury’s cash budget posted … Continue ReadingDr Yalcinkaya: Budget Deficit to increase drastically in the last quarter
Categories HIGHLIGHTS Politics Ankara acts on Cyprus: Varosha partly opened to visitors Güldem AtabayPosted on8 October, 2020Turkish Cyprus reopened part of the beachfront of a resort abandoned since the 1974 conflict … Continue ReadingAnkara acts on Cyprus: Varosha partly opened to visitors
Categories Economy HIGHLIGHTS Has Riyadh declared economic war on Ankara? Güldem AtabayPosted on8 October, 2020Arab newspapers discussed the call of the head of the Council of Saudi Chambers of … Continue ReadingHas Riyadh declared economic war on Ankara?
Categories Business Company & Industry HIGHLIGHTS Turkey Food Retail: Time to refocus, valuations appear cheap Atilla YeşiladaPosted on8 October, 2020Post our recent conversations with Turkish Food retailers, we conclude that: 1) There is not … Continue Reading Turkey Food Retail: Time to refocus, valuations appear cheap
