As Türkiye's interest rate falls to single digits...

Last Thursday, we followed the interest rate decision of the Central Bank Monetary Policy Committee (PPK). Although the MPC determined a rate above general expectations, the reduction decision was not a surprise for the markets. Let's take a quick lo... more

The 'ceiling price' of non-existent natural gas and Putin's proposal

The Russia-Ukraine War upset the balances in the energy markets and destroyed the predictability in the market. Therefore, every kind of data or development responds instantly and sometimes causes price fluctuations of 30 percent per day in energy pr... more

Türkiye's mining industry and the critical statement from EU's von der Leyen

At the beginning of last July, together with the Minister of Energy and Natural Resources, Fatih Dönmez, I got the chance to visit the Eti Maden Beylikova Facility and examined the Rare Earth Elements Mine, which boasts the second largest reserve in ... more

What's the outlook following FED, CBRT's interest rate decisions?

This week, we followed two critical central bank decisions that directly impact the Turkish economy. The first was the U.S. Federal Reserve's interest rate decision and Fed Chairman Powell's statements. The second was The Central Bank of the Republic... more

Is Türkiye's axis shifting?

Whenever Türkiye makes an appearance or makes a positive statement at a meeting on alliances in the East, discussions of an "axis shift" immediately begin. Western countries, which have steered clear from Türkiye in normal times, and as soon as Ankar... more

A global recession is around the corner!

I have been trying to sound the alarm for the global economy in my columns for a while now. I have written at length on the issues that trigger global inflation, especially soaring energy and food prices. The prevalent idea in these columns was that ... more

Europe's economic crisis presents Türkiye with both risks and opportunities

Last week, Türkiye's growth rates for the second quarter of 2022 were announced. The pace of growth continues unabated. Meanwhile, the PMI data, which is also a indicator of growth, has been on the decline for the last 6 months. We need to pay attent... more

Türkiye's EU candidacy is forgotten until sanctions are on the agenda!

In my last column, I stated that ahead of the looming winter season, which Europe is anxiously awaiting, the EU Informal Foreign Ministers Meeting is set to be held in Prague on 30-31 Aug. under the Presidency of Czechia. I pointed that Türkiye has ... more

Greek and Greek Cypriot interests trump EU solidarity!

The EU is experiencing the worst energy crisis and economic hardship in its history. We can't see any positive signs about the progress made when it comes to these issues. As Europe holds its breath ahead of the looming 2023 winter season, the bloc a... more

'The Air-Conditioning Regulation Institute'

The title of today's column is a riff on Ahmet Hamdi Tanpınar's famous novel "The Time Regulation Institute". But of course, this is not what we're here to talk about. I will instead try to draw attention to the steps taken by European countries in... more

How Türkiye stands to profit from trading with Russia in local currencies

I have highlighted in several columns the importance of trading in local currencies. I also explained how the United States of America made the whole world dependent on the dollar during the Bretton Woods Conference in 1944 and pointed out the negati... more

A new question plagues Europe: Is the US in a recession or not?

These days, it is paramount that one closely follows Fatih Birol, the President of the International Energy Agency (IEA). As he is the head of the IEA, the most competent institution on energy in the world, he explains things that will allow us to c... more

Is the US officially in recession after 2nd quarter of negative growth?

We watched two critical issues closely last Thursday. The first was the growth data of the U.S. economy. The second was the CBRT's Inflation Report.US ECONOMY CONTRACTED AGAINIn my previous column, I talked about the possibility of the U.S. economy e... more