Categories Economy HIGHLIGHTS Markets Eurostat: Turkey leads Europe regarding ‘income inequality’ Cem CetingucPosted on8 October, 2024 According to Eurostat data, the richest 1 per cent of the population in Turkey own … Continue ReadingEurostat: Turkey leads Europe regarding ‘income inequality’
Categories Economy Finance HIGHLIGHTS CEO of İş Bankası: ‘Inflation problem will be around for a while’ Cem CetingucPosted on1 May, 20231 May, 2023 The CEO of İş Bankası, Hakan Aran, stated that the inflation problem cannot be resolved … Continue ReadingCEO of İş Bankası: ‘Inflation problem will be around for a while’
Categories Economy General HIGHLIGHTS Earthquake’s Aftermath: “Reconstruction Cost of Housing and Infrastructure to Exceed $45 Billion” Cem CetingucPosted on22 February, 202322 February, 2023 Two weeks after the Hatay earthquake , the damage assessment is also nearing completion. So … Continue ReadingEarthquake’s Aftermath: “Reconstruction Cost of Housing and Infrastructure to Exceed $45 Billion”
Categories General HIGHLIGHTS “Türkiye Tek Yürek” collects 115 billion TL for the eqarthquake Cem CetingucPosted on16 February, 2023 “Türkiye Tek Yürek” campaign has collected donations of 115 billion 146 million 528 thousand Turkish … Continue Reading“Türkiye Tek Yürek” collects 115 billion TL for the eqarthquake
Categories Economy Finance General HIGHLIGHTS HYPED HSBC: CBRT sold 107 billion dollars in 9 months Cem CetingucPosted on10 October, 202210 October, 2022 According to HSBC Portfolio’s calculations, it is estimated that the Central Bank’s reserves for exchange … Continue ReadingHSBC: CBRT sold 107 billion dollars in 9 months
Categories Business Company & Industry General HIGHLIGHTS Tech Massive exodus from energy production Cem CetingucPosted on10 May, 202210 May, 2022 The ongoing economic crisis in Turkey hit energy companies hard. Investors began to withdraw from … Continue ReadingMassive exodus from energy production
Categories Economy General HIGHLIGHTS Price hikes rain hellfire down on Turkish consumers Cem CetingucPosted on9 March, 2022 Price hikes rain hellfire down on Turkish consumers In his recent statement to the Turkish … Continue ReadingPrice hikes rain hellfire down on Turkish consumers
Categories Business Company & Industry Emerging Markets General HIGHLIGHTS Turkish companies have the potential to double in value Cem CetingucPosted on9 March, 202211 March, 2022 According to CompaniesMarketCap data, Turkish companies generate 0.20 percent of the total turnover and 0.21 … Continue ReadingTurkish companies have the potential to double in value
Categories Business Company & Industry HIGHLIGHTS Markets Business dropped 50 percent for Turkish brands in Russia Cem CetingucPosted on3 March, 2022 As a result of the Russia-Ukraine war, business in nearly a thousand brands operating in … Continue ReadingBusiness dropped 50 percent for Turkish brands in Russia
Categories Business Company & Industry General Markets Ukraine crisis: Purchase order cancellations reached 200 million dollars in Turkish clothing sector Cem CetingucPosted on2 March, 20222 March, 2022 After Russia’s declaration of war on Ukraine last week, the effects of the economic sanctions … Continue ReadingUkraine crisis: Purchase order cancellations reached 200 million dollars in Turkish clothing sector
Categories General HIGHLIGHTS HYPED Politics Russian invasion will be highly costly for Turkey: CHP deputy Cem CetingucPosted on28 February, 202228 February, 2022 Russian President Vladimir Putin launched a special military operation for the Donbas region in eastern … Continue ReadingRussian invasion will be highly costly for Turkey: CHP deputy
Categories Economy General Hefty increase in minimum wage is expected in Turkey Cem CetingucPosted on12 November, 202112 November, 2021 Gizem Öztok Altınsaç, Chief Economist of the Turkish Industrialists’ and Businessmen’s Association (TÜSİAD), said she … Continue ReadingHefty increase in minimum wage is expected in Turkey
Categories Economy Finance HIGHLIGHTS Economist (Prof) Ulusoy: If dollar/TL does not stabilize, the entire economy could be disrupted Atilla YeşiladaPosted on29 October, 2021 Economist Prof. Dr. Veysel Ulusoy pointed out that the real danger is the volatility in … Continue ReadingEconomist (Prof) Ulusoy: If dollar/TL does not stabilize, the entire economy could be disrupted
Categories Finance HIGHLIGHTS HYPED Markets Locals sell $1 Billion after CBRT’s policy rate cut Atilla YeşiladaPosted on24 September, 202124 September, 2021 After the Central Bank’s (MB) interest rate cut, which bankers had difficulty explaining for economic … Continue ReadingLocals sell $1 Billion after CBRT’s policy rate cut
Categories Business HYPED Garanti BBVA: New BRSA restrictions put the brakes on consumer loans Atilla YeşiladaPosted on24 September, 2021 Garanti BBVA General Manager Mr Recep Baştuğ stated to Turkish financial broadcaster BloombergHT there was … Continue ReadingGaranti BBVA: New BRSA restrictions put the brakes on consumer loans
Categories Finance HIGHLIGHTS Markets OPINION: Turkish assets after Central Bank and Fed Atilla YeşiladaPosted on21 September, 2021 World stock markets started September with a sell-off, as concerns about the slowdown caused by … Continue ReadingOPINION: Turkish assets after Central Bank and Fed
Categories General Minister Soylu assures to victims of flood: Damages will be completely gone within a year Cem CetingucPosted on9 September, 20219 September, 2021 Interior Minister Süleyman Soylu stated that the total damage of the flood affecting Bartın, Kastamonu, … Continue ReadingMinister Soylu assures to victims of flood: Damages will be completely gone within a year
Categories Tech Details of AKP’s social media law is revealed: Social Media Presidency Era is here Atilla YeşiladaPosted on23 August, 2021 WATCH: President Erdogan wants to go to the Moon, people want supper While … Continue ReadingDetails of AKP’s social media law is revealed: Social Media Presidency Era is here
Categories Business General HYPED Turkish Private Schooling struggles amid pandemic era Atilla YeşiladaPosted on5 July, 2021 Turkish private schooling has been one of the areas most affected by the coronavirus. … Continue ReadingTurkish Private Schooling struggles amid pandemic era
