Categories Economy HIGHLIGHTS S&P upgrades Turkey’s rating to ‘B+’ amid economic stabilization Cem CetingucPosted on7 May, 2024 Credit ratings agency S&P on Friday upgraded Turkey’s ratings to “B+” from “B”, saying that … Continue ReadingS&P upgrades Turkey’s rating to ‘B+’ amid economic stabilization
Categories Economy HIGHLIGHTS Turkey’s April trade deficit expands, Trade Ministry reports Cem CetingucPosted on7 May, 2024 Türkiye’s foreign trade deficit came in at $9.9 billion in April, pointing to a 13.3 percent increase … Continue ReadingTurkey’s April trade deficit expands, Trade Ministry reports
Categories Economy Emerging Markets HIGHLIGHTS HYPED Türkiye secures foreign funds on better terms,: Minister Şimşek Cem CetingucPosted on29 April, 2024 Thanks to increased confidence and predictability, Türkiye now obtains longer-term external financing from international markets at … Continue ReadingTürkiye secures foreign funds on better terms,: Minister Şimşek
Categories Economy General HIGHLIGHTS Foreign investors trust Türkiye: Minister Şimşek Cem CetingucPosted on23 April, 2024 Foreign investors trust Türkiye and their worries about the economic program the government implements have disappeared, Finance Minister Mehmet Şimşek has said. … Continue ReadingForeign investors trust Türkiye: Minister Şimşek
Categories Economy HIGHLIGHTS CBRT to decleare $25 bln Loss for 2023 Cem CetingucPosted on17 April, 202417 April, 2024 Türkiye’s central bank posted a 2023 loss of 818.2 billion lira ($25.25 billion), showed its … Continue ReadingCBRT to decleare $25 bln Loss for 2023
Categories Economy HIGHLIGHTS Markets Turkish exports hit all-time high: Trade Ministry Cem CetingucPosted on15 April, 202415 April, 2024 Türkiye’s share in global goods exports increased from 1.02 percent in 2022 to a record 1.08 percent … Continue ReadingTurkish exports hit all-time high: Trade Ministry
Categories Company & Industry Economy HIGHLIGHTS Annual inflation in Istanbul continues to rise: ITO Data Cem CetingucPosted on1 April, 2024 According to ITO data, retail prices in Istanbul increased by 3.93 percent and wholesale prices … Continue ReadingAnnual inflation in Istanbul continues to rise: ITO Data
Categories Economy General HIGHLIGHTS Politics Economic program will continue as intended: Minister Şimşek Cem CetingucPosted on1 April, 20241 April, 2024 As eyes are turning to the economy once again with the election cycle now over, Finance … Continue ReadingEconomic program will continue as intended: Minister Şimşek
Categories Company & Industry Economy HIGHLIGHTS Turkish Banks’ NII Conundrum Is Being Resolved Cem CetingucPosted on25 March, 202422 June, 2024 Turkish Banks’ Margin Defense Looks Solid Despite Rising Rates (Bloomberg Intelligence) — Akbank, Garanti, Isbank … Continue ReadingTurkish Banks’ NII Conundrum Is Being Resolved
Categories Economy General HIGHLIGHTS Consumer Confidence Index increased in March: Turkstat Cem CetingucPosted on20 March, 202420 March, 2024 Consumer confidence index realized as 79.4 Consumer confidence index, calculated from the results of the … Continue ReadingConsumer Confidence Index increased in March: Turkstat
Categories Economy Finance HIGHLIGHTS Türkiye’s short-term external debt stock declines on January Cem CetingucPosted on18 March, 2024 Türkiye’s short-term external debt stock was recorded at $174.9 billion at the end of January, … Continue ReadingTürkiye’s short-term external debt stock declines on January
Categories Economy General HIGHLIGHTS Politics What will be the fate of Turkish economy as elections approach? Cem CetingucPosted on18 March, 202418 March, 2024 In the run-up to significant local elections this month, Türkiye stands at a critical juncture, … Continue ReadingWhat will be the fate of Turkish economy as elections approach?
Categories Economy General HIGHLIGHTS CBRT tightens monetary policy after rate hikes Cem CetingucPosted on18 March, 2024 Turkey’s central bank is opting for a different monetary tightening method as it grapples with … Continue ReadingCBRT tightens monetary policy after rate hikes
Categories Economy HIGHLIGHTS Markets Report: Iran’s Economy Lags Behind Regional Rivals for 50 Years Cem CetingucPosted on15 March, 2024 Iran’s economy has significantly fallen behind its regional competitors over the past half-century, according to … Continue ReadingReport: Iran’s Economy Lags Behind Regional Rivals for 50 Years
Categories Economy HIGHLIGHTS Persistent inflation in Turkey spurs calls for further interest rate hikes Cem CetingucPosted on13 March, 2024 As inflation is soaring in Türkiye, the central bank’s decision to halt monetary tightening is … Continue ReadingPersistent inflation in Turkey spurs calls for further interest rate hikes
Categories Economy General HIGHLIGHTS Politics Russia-Iran to form new economic alliance Cem CetingucPosted on10 March, 2024 The Caucasus is the key link in a rapidly developing “value chain” forged by Russia … Continue ReadingRussia-Iran to form new economic alliance
Categories Economy HIGHLIGHTS Markets Turkey seeks foreign investments for economic boost Cem CetingucPosted on4 March, 2024 Grappling with economic woes unseen in decades, Türkiye is seeking to shore up foreign investments … Continue ReadingTurkey seeks foreign investments for economic boost
Categories Economy General HIGHLIGHTS Turkey: Long way from economic recovery Cem CetingucPosted on4 March, 20244 March, 2024 Headline GDP growth came in stronger than expected at 4.0% year-on-year while sequential growth accelerated … Continue ReadingTurkey: Long way from economic recovery
Categories Economy HIGHLIGHTS Yılmaz: Turkish economic program working as planned Cem CetingucPosted on29 February, 2024 Vice President Cevdet Yılmaz met with international investors and fund managers in London on Tuesday, … Continue ReadingYılmaz: Turkish economic program working as planned
Categories Economy HIGHLIGHTS Eurozone economy remains stuck in stagnation Cem CetingucPosted on28 February, 2024 Economic sentiment fell again in February, from 95.8 to 95.4. The economy remains stuck in … Continue ReadingEurozone economy remains stuck in stagnation
