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Turkish economy: Timely reporting and analysis of economic developments in Turkey with all its structural problems, as one of world’s 20 biggest economies

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YetkinReport
05 September 2022, Monday / Published in Economy

Turkey’s inflation continues to surge: 80 percent

Turkey’s inflation continues to rise as the data published by the Turkish Statistical Institute (TURKSTAT) the Consumer Price Index (CPI) has surged to 80,21 percent annually with a 1,46 percent rise in August, the highest inflation recorded in the country in 24 years.  According to TURKSTAT figures, in August 2022, CPI increased by 1.46 percent
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YetkinReport
26 August 2022, Friday / Published in Economy

Turkish Minister dismisses US warnings on Russia sanctions

Turkey’s Finance and Treasury Minister Nureddin Nebati told industrialist and business circles on Aug. 26 that “there is no point concerning” about US Deputy Secretary of the Treasury’s warning which stated that pursuing business with sanctioned Russians will also cause secondary sanctions. “There is no point the letter that is conveyed to the Turkish business
economyNebatiRussiasanctionsTurkey
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Fatih Özatay
19 August 2022, Friday / Published in Economy

CBRT’s policy rate cut: Pointless move that brings no economic gain

The Central Bank of the Republic of Turkey (CBRT) Monetary Policy Committee (PPK) convened on August 18 and lowered the policy rate by 100 basis points from 14 percent to 13 percent. This interest rate cut was a big surprise even for us who are skeptical of various ongoing incredible things in our beautiful country.
CBRTCentral BankeconomyFatih Özataygrowthinflationinterest ratepolicy rateTurkey
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YetkinReport
18 August 2022, Thursday / Published in Economy

CBRT lowered policy rate further to 13 percent amid surging inflation

The Central Bank of the Turkish Republic (CBRT) lowered the policy rate from 14 percent to 13 percent amid surging inflation and currency crisis.  The CBRT decided to lower the long been steady 14 percent policy interest rate to 13 percent after the Monetary Policy Board meeting on Aug. 18.   “The Board evaluated that the
CBRTErdoğaninflationinterest rateTurkey' economy
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YetkinReport
03 August 2022, Wednesday / Published in Economy

Türkiye’s inflation surge to 79 percent, breaking a new record

Turkish inflation keeps soaring as the latest data announced by the Turkish Statistical Institute (TÜİK) indicate a 79,6 percent annual rise in the Consumer Price Index and 144,6 percent rise in the Producer Price Index. The number is the highest inflation recorded in Türkiye in 24 years since 1998. According to TÜİK a change in
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YetkinReport
01 August 2022, Monday / Published in Economy

The first ship sales from Ukraine after grain deal

The cargo ship carrying 26 thousand tonnes of corn left Ukraine’s port of Odesa on Aug. 1 as the first shipment within the framework of the grain export deal signed under UN auspices and Türkiye’s guarantorship. Sierra Leone-flagged Razoni left the Black Sea Port at 9:48 AM local time, Ukraine’s ministry of infrastructure announced on
first shipfood crisisgrain crisisgrain dealOdesaRazonishipTürkiyeUkraineUN
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Murat Yetkin
01 August 2022, Monday / Published in Economy

Putin took a hold of Akkuyu NPP before Erdoğan’s visit

Do you know what would have happened if Russia’s Rosatom, the Akkuyu Nuclear Power Plant’s subsidiary, had not suddenly announced on July 29 that it had terminated the contract with the Turkish partner IC İçtaş for the construction of the plant? President Tayyip Erdoğan would return from Sochi, where he will meet with Russian President
AkkuyuconstructionErdoğanİçtaşNuclear Power PlantPutinRosatomRussiaSochiTSM
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YetkinReport
27 July 2022, Wednesday / Published in Economy

Turkish Lira declines against US Dollar to a new record

The Turkish Lira (TRY) depreciated further against the US Dollar and reached the psychological limit of 18 liras, and closed the day at 17.92 just before the US Federal Reserve announced its interest rate decision on July 27.  The last time the US Dollar TRY parity passed the 18 limit  was on December 18 2021
dollareconomyexchange rateinflationtryTurkish lira
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YetkinReport
13 July 2022, Wednesday / Published in Economy

Russia, Ukraine, Türkiye, UN grain talks held in İstanbul

The four-way meeting with Russia, Ukraine, UN and Türkiye delegations in a bid to resolve the grain crisis in the Black held in Istanbul Türkiye. The military delegations of the Ministry of Defense of Turkey, the Russian Federation and Ukraine and the United Nations delegation convened in Istanbul on July 13 in a one and
food crisisgrain crisisgrain talksİstanbulRussiaTurkeyTürkiyeUkraineUN
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Murat Yetkin
11 July 2022, Monday / Published in Economy

Türkiye owes a lot to the Greek Lobby in the USA

Türkiye owes a lot to the Greek lobby in the US Congress; mostly in the field of its arms industry. This sentence came to my mind when I read the news that 35 members of the US Congress wrote to President Joe Biden expressing opposition to the proposed sale of F-16 fighter jets to Türkiye.
AkıncıbaykarbayraktarBayraktar AKINCIBayraktar TB2ErdoğanGreekLobbyMurat YetkinTAIUCAV
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  • Two days before presidential run-off: Where is Türkiye heading to?26 May 2023
  • Presidential run-off: The last exit for the Turkish Economy24 May 2023
  • Oğan bubble of Turkish elections and Erdoğan’s Syrian dilemma23 May 2023
  • Oğan wave before run-off elections: Fiction or reality?22 May 2023
  • Erdoğan got the parliament majority; presidency went to second round14 May 2023
  • Hours to Türkiye’s critical elections: Security concerns and hope13 May 2023
  • Let solutions and progress come of these unjust elections12 May 2023
  • Turkish presidential candidate İnce withdraws from election11 May 2023
  • Three days until Turkish elections, three key questions10 May 2023
  • Opposition set its economy staff; Erdoğan chases ghosts9 May 2023
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