The Union of Chambers and Commodity Exchanges of Turkey (TOBB) held the 79th General Assembly. Members, who were elected to the TOBB Board of Directors convened under the presidency of TOBB President Rifat Hisarciklioglu. The duties were delegated among the board members at the meeting. 12 of the 20 names in the management were renewed...
Category: Daily News
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Go-no-go!
BY ISMET OZKUL Turkish voters will make an important decision at the historic elections on Sunday. It is a go-no-go decision time by evaluating the 5-year experience in which the presidential system has been transformed into a one-man regime. Here, we will only look at the economic side of this evaluation with data. Here is...
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The CAD is big and its financing is bad!
BY ALAATTIN AKTAS March was a relieving month in terms of the current account balance. The current account deficit (CAD), which hit USD 5.6bn in March 2022, decreased to USD 4.5bn in March this year. However, the single-month realization doesn’t matter that much. The deficit in the first quarter and the last year are well...
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To what extent does the misery index influence voters’ choices?
BY TALIP AKTAS Group interests identified with self-interest are the primary determinant of typical voter behavior in line with the literature. Although political interests come to the fore sometimes, economic interests are mainly determinant. Electors vote for the party which will provide the highest benefit for themselves or for the segment of society they identify...
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AI and beyond
BY ZEYNEP GURCANLI Global problems are also different in the Internet age. Will artificial intelligence (AI) technology, which develops almost every day, be hope or disaster for people? The world argues this. The ministers responsible for digital issues of the Group of Seven (G-7), which consists of the most developed economies in the world, agreed...
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Budget deficit risk of around 7% of GDP
BY FATIH OZATAY The budget has deteriorated significantly due to election spending, including the regulation on victims of the delayed pension age (EYT). Compensation for the losses of those who lost their houses and workplaces due to the earthquake is largely the duty of the public. Add to that infrastructure, hospitals, schools, etc… Estimates suggest...
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Tourism revenues rise higher than the number of tourists
Turkey’s tourism revenues soared 32.3% to USD 8.69bn in the first quarter of the year, compared to the same period of the previous year, according to the Turkish Statistical Institute (TurkStat). The number of foreign tourists hosted by the country surged by 26.8% to 8.18 million in the same period. Turkish citizens residing abroad accounted...
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Need for anchor
BY FATIH OZATAY It is obvious that the staff that will implement a program that promises to return to reasonableness in the economy will not take the helm of the ship immediately after the election. It will take a while. What can happen during that time? It’s a harder question to answer. But let me...
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Patents with technological advances in the automotive ecosystem
BY KORAY OZTOPCU The invention of paper from China to Europe lasted for 1.000 years and today innovations in the world are happening faster and through many channels with the power of communication. Today’s technology transfer to developing markets takes place rapidly and globalization becomes easier by increasing the knowledge and limitations of its users....
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Let’s estimate FX rates…
BY ALAATTIN AKTAS Let’s estimate the FX rates in line with the alliance which will win the election on May 14… The lira is highly devaluated in line with the CPI (Consumer Price Index)-indexed Real Effective Exchange Rate (REER). It is neither appreciated nor appreciated in line with the D-PPI (Domestic Producer Price)-indexed REER. Such...