Categories Company & Industry HIGHLIGHTS Turkish construction companies tackle 7.6B dollars worth of projects Cem CetingucPosted on5 July, 2024 Turkish construction companies undertook $7.6 billion (TL 247.5 billion) worth of projects abroad this January-June, … Continue ReadingTurkish construction companies tackle 7.6B dollars worth of projects
Categories Company & Industry Finance HIGHLIGHTS 1Q24 Banking Sector Earnings Preview Cem CetingucPosted on30 April, 2024 Banks will start to disclose their Q1 24 financials with Garanti before the market open … Continue Reading1Q24 Banking Sector Earnings Preview
Categories Business Company & Industry HIGHLIGHTS Turkey aims to become world’s ‘biggest’ textile producer Cem CetingucPosted on12 March, 2024 Türkiye’s textile industry told Texhibition Istanbul attendees and Just Style its ultimate aim is to … Continue ReadingTurkey aims to become world’s ‘biggest’ textile producer
Categories Company & Industry Finance HIGHLIGHTS Turkey: Q4 2023 earnings preview Cem CetingucPosted on5 February, 2024 Aggregate non-bank profits to grow 11% y-o-y, decline 50% q-o-q. The Q4 earnings season will … Continue ReadingTurkey: Q4 2023 earnings preview
Categories Company & Industry Finance HIGHLIGHTS Turkish Banks: Sensitivity of capital ratios to currency and asset quality Cem CetingucPosted on24 May, 2023 We update our interactive spreadsheet to stress test capital positions with Q1 results: HSBC’s year-end … Continue ReadingTurkish Banks: Sensitivity of capital ratios to currency and asset quality
Categories Economy HIGHLIGHTS Markets Revitalized Gulf tourist arrivals bring momentum to Turkey’s tourism sector Cem CetingucPosted on8 May, 2023 Turkey expects tourist flows from the Gulf countries to regain momentum in the coming months … Continue ReadingRevitalized Gulf tourist arrivals bring momentum to Turkey’s tourism sector
Categories Business General HIGHLIGHTS Politics Russia makes gas price concessions to Turkey Cem CetingucPosted on4 May, 20234 May, 2023 Turkey has become Gazprom’s second international customer to finalise an agreement to defer part of … Continue ReadingRussia makes gas price concessions to Turkey
Categories Company & Industry HIGHLIGHTS Markets TOGG set to deliver 1,000+ cars next month Cem CetingucPosted on28 April, 2023 Togg aims to deliver more than 1,000 vehicles in May, says Gürcan Karakaş, the CEO of Türkiye’s first … Continue ReadingTOGG set to deliver 1,000+ cars next month
Categories Finance HIGHLIGHTS Markets Turkish Private Banks: Skewed risk reward Cem CetingucPosted on24 April, 2023 Valuations don’t look very tempting in the context of macro uncertainty With this note, we … Continue ReadingTurkish Private Banks: Skewed risk reward
Categories Company & Industry Finance HIGHLIGHTS Turkey Food Retailers: Margin pressure but growth momentum maintained Cem CetingucPosted on14 April, 2023 Short-term pressure: We expect to see higher gross and EBITDA margin pressure for all food … Continue ReadingTurkey Food Retailers: Margin pressure but growth momentum maintained
Categories Economy HIGHLIGHTS HYPED Turkey’s unemployment rate fell to 10.4 percent in 2022 Cem CetingucPosted on24 March, 2023 The unemployment rate was at 10.4% in Türkiye last year, down from 12% in 2021, … Continue ReadingTurkey’s unemployment rate fell to 10.4 percent in 2022
Categories Company & Industry General HIGHLIGHTS TOGG: Price of Turkey’s first electric car unveiled Cem CetingucPosted on15 March, 2023 Türkiye’s first indigenous electric car maker Togg has unveiled the prices of its first model, with online pre-orders to begin … Continue ReadingTOGG: Price of Turkey’s first electric car unveiled
Categories Company & Industry General HIGHLIGHTS Turkey to receive $40 billion investment for second nuclear plant Cem CetingucPosted on7 March, 2023 Turkey is set to receive a $40 billion (TL 752.64 billion) investment as the country … Continue ReadingTurkey to receive $40 billion investment for second nuclear plant
Categories Business General HIGHLIGHTS Politics Boom or bust: How will AKP’s shopping mall craze end? Cem CetingucPosted on18 January, 2023 One of the Justice and Development Party’s (AKP) most visible legacies since coming to power … Continue ReadingBoom or bust: How will AKP’s shopping mall craze end?
Categories Company & Industry Economy Emerging Markets General HIGHLIGHTS Turkey Health Tourism Sector aim to expand over 60 Countries Cem CetingucPosted on4 December, 2022 Data from the Health Ministry showed that 1.5 million foreign nationals visited Türkiye to receive … Continue ReadingTurkey Health Tourism Sector aim to expand over 60 Countries
Categories Company & Industry General HIGHLIGHTS American Express: Istanbul is among top 10 tourist destinations in 2023 Cem CetingucPosted on30 November, 202230 November, 2022 Istanbul is among the top 10 trending destinations in 2023 in the world, according to American … Continue ReadingAmerican Express: Istanbul is among top 10 tourist destinations in 2023
Categories General HIGHLIGHTS Turkish gas production will increase 10x with new field: Energy Minister Cem CetingucPosted on18 November, 202218 November, 2022 Türkiye’s daily gas production will increase by 10 times compared to 2021 to 10 million cubic meters … Continue ReadingTurkish gas production will increase 10x with new field: Energy Minister
Categories Economy HIGHLIGHTS HYPED Employement rise in Antalya as Turkish tourism season continues Cem CetingucPosted on7 November, 20227 November, 2022 A prolonged tourism season this year has given a boost to employment in the industry in the … Continue ReadingEmployement rise in Antalya as Turkish tourism season continues
Categories Business Finance General HIGHLIGHTS Politics Turkish banks left paralysed due to new regulations Cem CetingucPosted on13 September, 2022 Some Turkish banks are curtailing corporate lending after the government’s latest raft of regulations raised … Continue ReadingTurkish banks left paralysed due to new regulations
Categories Company & Industry Finance General HIGHLIGHTS Markets Unistream to launch instant money transfers to Turkey, India Cem CetingucPosted on12 September, 2022 Russian bank Unistream, which specialises in money transfers, has seen a surge in remittances since … Continue ReadingUnistream to launch instant money transfers to Turkey, India
