The United States imposed sanctions on Tuesday against Venezuela’s state-run gold mining company Minerven and its president, Adrian Perdomo, accusing […]
Treasury and Finance Minister Albayrak’s comments yesterday on the Turkish economy appeared rather puzzling and perhaps to some degree amusing […]
As per the official data, homes in Turkey fell by an annual 18% to 78,450 units last month. Home sales fell […]
Turkey’s sovereign wealth fund denied reports that it would be sold according to Dünya newspaper. The institution in a statement […]
The unemployment rate (SA) in Turkey rose in December to the highest level since September 2009, as job creation lost […]
President Tayyip Erdogan opened one of the world’s largest hospitals in the Turkish capital Ankara on Thursday, brushing aside criticism […]
Turkey’s budget posted a deficit of 16.8 billion liras ($3.1 billion) in February, widening more than eight-fold from the same […]
Today Turkey’s economy is in recession. This has its roots in politics. According to official stats, the economy shrank […]
Reuters reported that Non-performing loans have shot up to a global high of close to 10 percent of gross credit […]
According to experts interviewed by Deutsche Welle Turkish service, the loss of some major cities by AKP on March 31, […]
Turkey’s industrial production started the new year with an upswing, as it fell by 7.3% YoY in both unadjusted and […]
The Turkish government is reportedly pressuring its defense and aerospace industries to boost exports as part of an aggressive strategy […]
Odak Elektrik: Tax expenses pressures bottom line Odas Elektrik posted TL20mn net profit for 4Q18, worse than our estimate of […]
Turkey’s January current account deficit registered as $813 million, in parallel with survey expectations. Thus, CAD decreased by 88.4% YoY, […]
The financial squeeze experienced in the construction sector continues to have an impact in the first two months of the […]
Turkey officially entered recession at the end of last year, with its second quarter GDP officially announced at -3% growth year-on-year. […]
One of Turkey’s leading brokerage houses Yatirim Finansman assessed the outlook for Turkish retail industry in 2019, as well […]
With 21 days left to municipal elections, which President Erdogan and his nationalist partner Mr. Devlet Bahceli labeled “existential to […]
Adding PEGASUS The company’s strategy of increasing international flights has had some pressure on load factors but would increase […]
Ankara and Washington have failed to learn lessons from the detention of Pastor Andrew Brunson. The clash over his release […]
Strong top-line contribution from relatively higher margin international operations supported the results… 4Q18 Revenue TL1,798mn (+34% y/y according to […]
Early in Thursday in Asia trading dollar/TL pair inched up to 5.44, with famed strategist Mr. Şant Manukyan forecasting next […]
Promising to stick to a tight monetary policy until inflationary pressures ease, he Monetary Policy Council of Central Bank (CBRT) […]
Turkey’s whole construction sector is in distress, but shopping malls are under pressure from all directions. The conversion of rents […]
Turkish Competition Authority has launched an investigation into 23 supermarket chains over claims of exorbitant water, vegetable and fruit prices to determine whether […]
Turkey’s acquisition of the Russian S-400 air defence system will have grave consequences for the United States’ defense relationship with Turkey, […]
Turkey’s finance ministry is reportedly trying find a source of funding to inject into state-owned lenders. People familiar with the […]
The Consumer price index (CPI) increased by 0.16% in February below the average market expectation of 0.5%; carrying the yoy CPI […]
Turkish February CPI rose by 0.16% MoM, bringing down the annual figure to 19.67%, a six-month low, from a […]
Results are worse than expected Petkim reported TL44mn net loss for 4Q18, worse than the consensus of TL77mn net […]
Faced with an array of pressing problems, including a downturn of the economy and growing calls by Turks to send […]
China’s top diplomat in Turkey warned Ankara that criticizing the ill-treatment of the Moslem Uighur minority, who also bear ethnic […]
Yesterday (21 February) was interesting in terms of market action across the world. Unlike what we have been getting used […]
The Government is working on new measures to support the real sector directly and stimulate household consumption Following an estimated […]
With net sales of TL1.4 bn in 2018, Prysmian Kablo, a subsidiary of Prysmian Group, specilaizing in communicaton and energy […]
According to Anatolian Agency English service, banks in Turkey plan to restructure between $7 and $8 billion of current credit […]
As was informed by Treasury and Finance Minister Albayrak back in mid-January, Turkey is selling samurai bonds as part of its […]
With 5 weeks left till Turkey’s municipal elections, poll data is scarce—compared to past contests, voters are angry, and the […]
Non-operating impacts boosted NI TCELL posted TL864mn NI (+300% y/y), +258% q/q), parallel to our TL850mn estimate and […]
As many pundits abroad and a few at home claim Turkey’s recession will not end without a well-financed IMF stand-by […]
Standard and Poor’s said on Tuesday that it expects the non-performing loan (NPL) ratio in Turkey’s banking sector to double […]
Turkish Treasury sold TL 9.8 billion worth of 2 year and 5 year CPI-linked bonds in Tuesday’s auction, which raised […]
Turkey’s brand-name conglomerates are hastily disposing assets to slash debt burdens, even though the currency has calmed down since the […]
Halkbank reported TL317mn net income in 4Q18, exactly in line with expectations, indicating a ROE of 4.4%. Even though core […]
Alcohol, cigarettes, drugs and even sedatives and tranquilizes are highly proscribed in Turkey, but apparently in an effort to revive […]
