Categories Economy HIGHLIGHTS Turkey sets target for 1.5% share of global FDI by 2028, says Trade Minister Cem CetingucPosted on13 November, 2024 Trade Minister Ömer Bolat announced plans to increase the country’s share of global foreign direct investment (FDI) to 1.5 … Continue ReadingTurkey sets target for 1.5% share of global FDI by 2028, says Trade Minister
Categories Economy HIGHLIGHTS World Bank optimistic about Turkish economy in 2025 Cem CetingucPosted on18 October, 2024 The normalization of monetary and fiscal policies in Türkiye is helping to restore macroeconomic stability as inflation pressures gradually … Continue ReadingWorld Bank optimistic about Turkish economy in 2025
Categories Economy HIGHLIGHTS Turkey posts significant current account surplus in August Cem CetingucPosted on11 October, 2024 Turkey’s current account recorded a large surplus in August, while the 12-month rolling deficit plunged … Continue ReadingTurkey posts significant current account surplus in August
Categories Economy HIGHLIGHTS Reuters: Turkey’s inflation likely to drop below Policy rate in september Cem CetingucPosted on2 October, 2024 ISTANBUL, Sept 30 (Reuters) – Turkey’s annual inflation is expected to continue its decline in … Continue ReadingReuters: Turkey’s inflation likely to drop below Policy rate in september
Categories Economy HIGHLIGHTS EBRD maintains Turkey GDP forecast, cites notable improvements Cem CetingucPosted on28 September, 2024 The European Bank for Reconstruction and Development (EBRD) kept its growth forecast for the Turkish … Continue ReadingEBRD maintains Turkey GDP forecast, cites notable improvements
Categories Economy HIGHLIGHTS Turkey could receive S&P upgrade soon enough Cem CetingucPosted on26 September, 2024 Türkiye may be on the verge of receiving another credit rating upgrade in November from … Continue ReadingTurkey could receive S&P upgrade soon enough
Categories Economy HIGHLIGHTS Politics DEM Party’s Temelli warns of stagflation, emphasizes democracy for salvation Cem CetingucPosted on9 September, 2024 Sezai Temelli, an economist and deputy of the pro-Kurdish Peoples’ Equality and Democracy Party (DEM … Continue ReadingDEM Party’s Temelli warns of stagflation, emphasizes democracy for salvation
Categories Economy HIGHLIGHTS Akçay says Şimşek’s economic program is ‘undermining Turkish economy’ Cem CetingucPosted on6 September, 2024 In the period ahead, we will see the path ahead of Şimşek’s program narrowing further. … Continue ReadingAkçay says Şimşek’s economic program is ‘undermining Turkish economy’
Categories Economy HIGHLIGHTS Turkish economy expands at a slower-than-expected pace Cem CetingucPosted on2 September, 2024 Türkiye’s economy expanded at a slower-than-expected pace in the second quarter, official data showed on … Continue ReadingTurkish economy expands at a slower-than-expected pace
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 HIGHLIGHTS Inflation fall has just begun: Erdoğan Cem CetingucPosted on8 July, 2024 President Recep Tayyip Erdoğan on Friday expressed optimism about the future trajectory after inflation slowed … Continue ReadingInflation fall has just begun: Erdoğan
Categories Economy HIGHLIGHTS Istanbul struggles as inflation and cost of living skyrocket Cem CetingucPosted on14 May, 2024 Business has been sluggish for Ismail Hakki, who owns a once-thriving clothing shop in Istanbul’s … Continue ReadingIstanbul struggles as inflation and cost of living skyrocket
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 Inflation will decline after May: Şimşek Cem CetingucPosted on3 May, 20243 May, 2024 Turkey’s annual inflation will begin to decline sharply “in line with our predictions” after it … Continue ReadingInflation will decline after May: Şimşek
Categories Economy HIGHLIGHTS HYPED Medium-term economic program is working: Minister Şimşek Cem CetingucPosted on26 April, 2024 The medium-term economic program is working and yielding the desired results, Finance Minister Mehmet Şimşek has said, vowing to further … Continue ReadingMedium-term economic program is working: Minister Şimşek
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 Title corrected: Simsek promises fiscal rectitude to help CB lower inflation Cem CetingucPosted on12 March, 202412 March, 2024 Türkiye’s finance minister Mehmet Simsek announced on Monday the government’s determination to tighten fiscal policies to support … Continue ReadingTitle corrected: Simsek promises fiscal rectitude to help CB lower inflation
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 Affordable meat lines form in front of Turkish state-stores prior to Ramadan Cem CetingucPosted on29 February, 202429 February, 2024 People formed long queues in front of Turkey’s state-run “Meat and Milk Board” stores to … Continue ReadingAffordable meat lines form in front of Turkish state-stores prior to Ramadan
Categories Economy HIGHLIGHTS Politics Erdoğan claims Turkish economy will rise in 2024 Cem CetingucPosted on28 February, 2024 The Turkish economy will start to rise in the next year as the current difficulties have already … Continue ReadingErdoğan claims Turkish economy will rise in 2024
