Categories Economy General HIGHLIGHTS Turkey’s Q1 Budget Deficit Surpasses $15.8 Billion Cem CetingucPosted on17 April, 2024 Turkey’s central government budget posted a deficit of 209 billion Turkish liras ($6.5B) in March, … Continue ReadingTurkey’s Q1 Budget Deficit Surpasses $15.8 Billion
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 Economy General HIGHLIGHTS Economy czar Simsek to initiate spending cuts Atilla YeşiladaPosted on10 April, 2024 According to pro-government daily Türkiye Gazetesi, Minister of Treasury and Finance Mehmet Şimşek told AKP … Continue ReadingEconomy czar Simsek to initiate spending cuts
Categories Company & Industry Economy General HIGHLIGHTS Turkey’s Manufacturing PMI declines in March Cem CetingucPosted on1 April, 2024 March results of Istanbul Chamber of Industry (ISO) Turkey Manufacturing PMI Survey were announced. … Continue ReadingTurkey’s Manufacturing PMI declines in March
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 MHP leader Bahçeli to adress concerns after devastating loss Cem CetingucPosted on1 April, 2024 Following a decline in votes for his party in the March 31 elections, Nationalist Movement … Continue ReadingMHP leader Bahçeli to adress concerns after devastating loss
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 General HIGHLIGHTS Politics Erdoğan criticizes leading nations to address global tensions Cem CetingucPosted on26 March, 2024 President Recep Tayyip Erdoğan has denounced the failure of leading nations to address escalating tensions worldwide. “From the … Continue ReadingErdoğan criticizes leading nations to address global tensions
Categories Economy HIGHLIGHTS Politics VP Cevdet Yilmaz: No change in austerity program after the elections Atilla YeşiladaPosted on20 March, 2024 Speaking to businesspeople in Ankara, Vice President Cevdet Yılmaz stated that local elections are not … Continue ReadingVP Cevdet Yilmaz: No change in austerity program after the elections
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 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 Atilla Yeşilada Finance HIGHLIGHTS Atilla Yesilada: Will Central Bank of Turkey dare hike rates? Atilla YeşiladaPosted on18 March, 2024 I consider the CBRT MPC to be held on Thursday as one of the most … Continue ReadingAtilla Yesilada: Will Central Bank of Turkey dare hike rates?
Categories Atilla Yeşilada Finance HIGHLIGHTS Fitch raises Turkey’s credit rating, the country is heading for a currency crisis Atilla YeşiladaPosted on16 March, 2024 Fitch rewarded economy czar Mehmet Simsek for orthodox policies. •What is important: The TIMING … Continue ReadingFitch raises Turkey’s credit rating, the country is heading for a currency crisis
Categories Economy General HIGHLIGHTS Knight Frank: Turkey Leads Surge in Ultra-Wealthy Population Cem CetingucPosted on15 March, 2024 Türkiye emerged as the frontrunner in the surge of ultra-rich people worldwide last year, according to … Continue ReadingKnight Frank: Turkey Leads Surge in Ultra-Wealthy Population
Categories Economy General HIGHLIGHTS Fitch analyst states Turkish economic policy pivot ‘more durable’ Cem CetingucPosted on15 March, 202415 March, 2024 Fitch Ratings has “greater confidence” that Türkiye’s current economic policy pivot is “more durable,” a … Continue ReadingFitch analyst states Turkish economic policy pivot ‘more durable’
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 Finance BofA ML Türkiye Focus: 1Q pessimism is likely temporary Atilla YeşiladaPosted on13 March, 2024 The effect of wage increases, acceleration in loans and speculative FX demand was felt clearly … Continue ReadingBofA ML Türkiye Focus: 1Q pessimism is likely temporary
Categories Economy Is Bank Research: Massive improvement in January current account deficit, more to come.. Atilla YeşiladaPosted on12 March, 2024 Current account deficit became 2.6 billion USD in January. Current account posted a deficit of … Continue ReadingIs Bank Research: Massive improvement in January current account deficit, more to come..
