<![CDATA[Turkey recap: Economy]]>https://www.turkeyrecap.com/s/economyhttps://substackcdn.com/image/fetch/$s_!aWNe!,w_256,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F2b6d1c1c-1001-4544-9b56-b68e50fa863c_1280x1280.pngTurkey recap: Economyhttps://www.turkeyrecap.com/s/economySubstackSun, 14 Jun 2026 06:58:27 GMT<![CDATA[Stuck In A Hold ]]>https://www.turkeyrecap.com/p/stuck-in-a-holdhttps://www.turkeyrecap.com/p/stuck-in-a-holdFri, 12 Jun 2026 03:00:56 GMTWelcome back! Everyone knows Turkey is famous for its street cats, but in case you find them boaring, we also have these guys. You’re welcome. 🐗

In this week’s edition:

  • Central Bank keeps rate steady

  • May inflation cools, economic program under scrutiny

  • Scandal scanner: Halkbank finale and Rahmi Koç investigation

  • International cash flow monitor

  • This week’s stat round-up

Central Bank, Ankara. © Diego Cupolo

MP-See, I told you so: Central Bank keeps rate steady

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]]><![CDATA[Aghast And Furious ]]>https://www.turkeyrecap.com/p/aghast-and-furioushttps://www.turkeyrecap.com/p/aghast-and-furiousFri, 05 Jun 2026 03:00:33 GMTWelcome back! We survived Bayram. For those who drove, walked — traveled to the beach or remained in Istanbul — Geçmiş olsun to all. I hope someone got some relaxation in… 😎

In this week’s edition:

  • Absolute nullity brings tightening

  • Expectations and economic cooling

  • Doruk miners update

  • International cash flow monitor

  • This week’s stat round-up

Kadıköy CHP HQ flags support. © Emily Rice Johnson

Absolute dullity, this was not: Nullity decision brings tightening

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]]><![CDATA[Can We Give Youth A Lift? ]]>https://www.turkeyrecap.com/p/can-we-give-youth-a-lifthttps://www.turkeyrecap.com/p/can-we-give-youth-a-liftFri, 22 May 2026 03:01:03 GMTWelcome back! 100 issues in, and still standing! Cat hugs and pricey Bayram chocolate for all — inflation included. Thanks for all your support. 😻

Our recapping plans to take off next week for the 9-day holiday … massive news cycle explosions permitting. 💥 🫣

Think you’ll miss us? Send us a question for our upcoming Q&A!

In this week’s edition:

  • Youth unemployment data unpacked

  • Asset Amnesty Bill passes

  • Consumer confidence and housing market

  • International cash flow monitor

  • This week’s stat round-up

Forget economic pain, let's just play in the rain! © Emily Rice Johnson

Electorate youth: Youth unemployment data unpacked

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]]><![CDATA[We're Gonna Need A Bigger Bill]]>https://www.turkeyrecap.com/p/were-gonna-need-a-bigger-billhttps://www.turkeyrecap.com/p/were-gonna-need-a-bigger-billFri, 15 May 2026 03:00:53 GMTWelcome back! In Turkey, even Metallica is getting priced out. Perhaps for the best, as their Athens show triggered a micro-earthquake. Some concerts are simply too seismic to import. 🤘

Metallica may be out, but the fun doesn’t have to be. Join us in Ankara for a drink! And while you’re RSVPing, take a short survey for recap improvement.

In this week’s edition:

  • Second annual Inflation Report raises targets

  • Shrinking power of the 200 TL

  • Scandal scanner: Economic institution shakeup

  • International cash flow monitor

  • This week’s stat round-up

1,500 TL lunch ≥ my 3+1 Kadıköy apartment in 2013. © Emily Rice Johnson

In the jaws of inflation: Second annual Inflation Report raises targets

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]]><![CDATA[The CPI Who Shagged Me]]>https://www.turkeyrecap.com/p/the-cpi-who-shagged-mehttps://www.turkeyrecap.com/p/the-cpi-who-shagged-meFri, 08 May 2026 03:01:11 GMTWelcome back! Happy Mother's Day this weekend! From a proud cat mom to mothers of all creatures, great and small — apparently a ruff crowd to advertise to. 🐾

Also! Turkey recap and our Turkish team Stüdyo recap have partnered with the Heinrich Böll Foundation on a series of multimedia reports leading up to COP31, the UN Climate Conference coming to Antalya this November. 🌍 Stay tuned!

In this week’s edition:

  • April inflation breakdown

  • International cash flow monitor

  • This week’s stat round-up

There’s a rash dash on shades now that the sun’s out. © Emily Rice Johnson

Alive and Kickin’: The April inflation breakdown

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]]><![CDATA[Deduction Junction ]]>https://www.turkeyrecap.com/p/deduction-junctionhttps://www.turkeyrecap.com/p/deduction-junctionFri, 01 May 2026 03:01:00 GMTWelcome back! Formula 1 is returning to Istanbul — and even the cats came to verify the rumors.

Whether the city has sorted the parking situation since 2021 remains unconfirmed. 🫣If you know, you know. Vroom Vroom! 🏁

In this week’s edition:

  • Ankara’s push for foreign capital

  • Doruk Miners’ strike resolved

  • Unemployment, economic confidence and food inflation

  • International cash flow monitor

  • This week’s stat round-up

May 1st in Taksim fliers fill the silence, Kadiköy, Istanbul. © Emily Rice Johnson

Tax haven and hell: Ankara’s push for foreign capital

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]]><![CDATA[Ready, Steady, Hold!]]>https://www.turkeyrecap.com/p/ready-steady-holdhttps://www.turkeyrecap.com/p/ready-steady-holdFri, 24 Apr 2026 03:01:03 GMTWelcome back! Istanbul’s historic Fatih district is getting a viewing terrace. Great news — unless the mood board includes Çamlıca Tower, or the contractor is, well… this one.

In this week’s edition:

  • MPC holds interest rates

  • Şimşek: From on stage to front page

  • International cash flow monitor

  • This week’s stat round-up

Scratch and sniff… can you smell spring? © Emily Rice Johnson

Steady, as she goes: MPC holds rate

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]]><![CDATA[The Missing Link]]>https://www.turkeyrecap.com/p/the-missing-linkhttps://www.turkeyrecap.com/p/the-missing-linkFri, 17 Apr 2026 03:00:55 GMTWelcome back! Turkey is mulling a full cigarette ban — though yavaş yavaş, not until 2040, leaving ample time to marinate in the secondhand clouds billowing throughout the country in true 1970s fashion.

Whether the crows have been notified remains unclear. 🐦‍⬛

In this week’s edition:

  • INRAIL’s World Bank financing

  • Positive forecasts and pessimistic indexes

  • Scandal scanner: Management shakeups

  • International cash flow monitor

  • This week’s stat round-up

    Finance Min. Şimşek seals the deal with World Bank Anna Bjerde (X)

Bridging the funding gap: INRAIL’s World Bank financing

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]]><![CDATA[A Gulf Swing To Turkey?]]>https://www.turkeyrecap.com/p/a-gulf-swing-to-turkeyhttps://www.turkeyrecap.com/p/a-gulf-swing-to-turkeyFri, 10 Apr 2026 03:00:46 GMTWelcome back! In Izmir, cats get treated to barbecue parties for Street Animal Day. I admit I missed the occasion, but this tractor company made sure to paws for celebration.

As for me, every day is Street Animal Day — my wallet and neighborhood strays can attest to that. 🐾

In this week’s edition:

  • Is Gulf capital moving to Istanbul?

  • From energy hikes to ceasefire talks

  • TÜIK’s March CPI surprise and bank reports

  • International cash flow monitor

  • This week’s stat round-up

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Istanbul Finance Center, rising out of gecekonda dust. Source

Out of the bunker, into the ‘bull: Is Gulf capital moving to Istanbul?

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]]><![CDATA[Swap, Drop and Roll]]>https://www.turkeyrecap.com/p/swap-your-enthusiasmhttps://www.turkeyrecap.com/p/swap-your-enthusiasmFri, 03 Apr 2026 03:00:54 GMTWelcome back! While all eyes were on Turkey making the World Cup, Shaq was slam dunking 5G for Türkcell. And the outcome? Cringy internet gold.

In this week’s edition:

  • Central bank’s TL defense

  • Disinflation put to the test

  • Scandal scanner: MASAK’s Yeni Şafak response

  • International cash flow monitor

  • This week’s stat round-up

Bring it on, spring. Kadıköy, Istanbul. © Emily Rice Johnson

Feeling under-depreciated?: Central Bank’s TL defense

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]]><![CDATA[Breaking The Tank]]>https://www.turkeyrecap.com/p/breaking-the-tankhttps://www.turkeyrecap.com/p/breaking-the-tankFri, 27 Mar 2026 03:00:59 GMTWelcome back! Fact: Turkey may be internet-famous for cats, but it's the dog that decided to sit and stay here 15,800 years ago — long before loyalty had a hashtag. 🐕

In this week’s edition:

  • Energy price tag, a month in

  • Confidence, inflation expectations and unemployment

  • Scandal scanner: FATF update

  • International cash flow monitor

  • This week’s stat round-up

Kum pir, I’ll buy ya a snack to soothe the pain away. © Emily Rice Johnson

Energy shock through the heart: Price tag, a month in

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]]><![CDATA[An Economic Pipeline]]>https://www.turkeyrecap.com/p/an-economic-pipelinehttps://www.turkeyrecap.com/p/an-economic-pipelineFri, 20 Mar 2026 03:00:25 GMTWelcome back! Iyi Ramazan Bayramı for those celebrating. And to all, I bequeath thee a cat dressed in gold. 🐱

And don’t forget! We’re hosting our first Q&A podcast next week. Ask us questions here.

In this week’s edition:

  • Kirkuk-Ceyhan pipeline reopens

  • Economic war impacts

  • Scandal scanner: Halkbank

  • International cash flow monitor

  • This week’s stat round-up

    The Kirkuk-Ceyhan pipeline is the green line at the bottom of the map (Botaş)

Heard it through the pipeline: Kirkuk-Ceyhan reopens

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]]><![CDATA[Round Of A Pause ]]>https://www.turkeyrecap.com/p/round-of-a-pausehttps://www.turkeyrecap.com/p/round-of-a-pauseFri, 13 Mar 2026 03:00:53 GMTWelcome back! Big decision—iPhone or cow? In a year, one can moo-ltiply. The other is just another dated device. But the choice is utterly yours.

Also, we’re doing a Q&A podcast! Send in your questions! Ask us… anything? 😬

In this week’s edition:

  • Central Bank pauses rate cuts

  • The continuing war costs

  • Halkbank’s deferred prosecution agreement

  • International cash flow monitor

  • This week’s stat round-up

Istanbul shoppers, holding down the fort. © Emily Rice Johnson

Stop, drop and hold: MPC pauses rate cuts

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]]><![CDATA[War Pains]]>https://www.turkeyrecap.com/p/war-painshttps://www.turkeyrecap.com/p/war-painsFri, 06 Mar 2026 03:00:34 GMTWelcome back! The news cycle hasn't skipped a beet—but before we dive in, here's a DJ-ing palate cleanser from the veggie depo. Sound up! 🎶 💃

In this week’s edition:

  • Energy spikes, ÖTV sacrificed and covert rate hikes

  • February’s CPI numbers

  • International cash flow monitor

  • This week’s stat round-up

    energy strait hormuz oil iran
    Satellite image of the Strait of Hormuz. NASA

Economic fallout: Energy spikes, ÖTV sacrificed and covert rate hikes

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]]><![CDATA[A HES-itant Moment ]]>https://www.turkeyrecap.com/p/a-hes-itant-momenthttps://www.turkeyrecap.com/p/a-hes-itant-momentFri, 27 Feb 2026 03:00:42 GMTWelcome back! Here in Turkey, cattle wander through white goods shops and cats dine on steak in butcher shops. Shhh, don’t tell the cattle. 🐮

In this week’s edition:

  • Inflation expectations, confidence and international reports

  • Scandal scanner: Meat fixing and banking sector investigation

  • International cash flow monitor

  • This week’s stat round-up

Ceviz curious shoppers in Üsküdar, Istanbul © Emily Rice Johnson

A survey a day keeps inflation at bay: Expectations, confidence and international reports

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]]><![CDATA[Have We Mehmet Before?]]>https://www.turkeyrecap.com/p/have-we-mehmet-beforehttps://www.turkeyrecap.com/p/have-we-mehmet-beforeFri, 20 Feb 2026 03:00:46 GMTWelcome back! February 17 was World Cat Day, and Turkey wasn’t about to let it paws without comment.

From banks to municipalities and transport card accounts, everyone clawed their way onto social media to pay respect. 😻

In this week’s edition:

  1. Şimşek under siege

  2. Stats leading into Ramadan

  3. Scandal scanner: Getir conspiracy, OnlyFans arrests and wizards?

  4. International cash flow monitor

  5. This week’s stat round-up

Finance Min. Mehmet Şimşek, trying to get a solid grip on inflation (Source)

Under pressure: Minister Şimşek under siege

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]]><![CDATA[Revising Up The Situation]]>https://www.turkeyrecap.com/p/revising-up-the-situationhttps://www.turkeyrecap.com/p/revising-up-the-situationFri, 13 Feb 2026 03:00:36 GMTWelcome back! Panicking over Valentine's Day? A jewelry heist could work. I'll take the getaway donkey, thanks.

Unrelated: Turkey's divorce hotspots are in Izmir, Muğla and Antalya. Apparently, marriage is allergic to the beach. Who knew?

In this week’s edition:

  • Central Bank revises inflation forecast

  • Customs Union negotiations

  • Scandal scanner: Can Holding releases and US sanctions

  • International cash flow monitor

  • This week’s stat round-up

Galata stroll past jewellers and real estate agents. Choices. © Emily Rice Johnson

But I’m A Creep: CB revises inflation forecast

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]]><![CDATA[CP-I Need A Snack]]>https://www.turkeyrecap.com/p/cp-i-need-a-snackhttps://www.turkeyrecap.com/p/cp-i-need-a-snackFri, 06 Feb 2026 03:00:21 GMTWelcome back! Inflation explainer: In 2017, 1,000 TL bought you a dishwasher. In 2026, it buys the detergent. Ok, found sixty tablets for 1,200 TL—truly a dish of a deal!

In this week’s edition:

  1. January’s inflation numbers

  2. Migros workers strike over wages

  3. International cash flow monitor

  4. This week’s stat round-up

A shopper pondering coffee choices. © Emily Rice Johnson

A basket case: January’s inflation numbers

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]]><![CDATA[Protection Raquette ]]>https://www.turkeyrecap.com/p/protection-raquettehttps://www.turkeyrecap.com/p/protection-raquetteFri, 30 Jan 2026 03:00:30 GMTWelcome back! Would you like some wine with last week’s cheese? No? Anyway, good news for this social media crew—no one should be coming after them for their “luxury lifestyle”…

In this week’s edition:

  1. E-commerce exits as travel platforms face legal hurdles

  2. Ratings and inflation expectations

  3. Scandal scanner: More money laundering and scheming

  4. International cash flow monitor

  5. This week’s stat round-up

People out in the non-digital world—Kadıköy, Istanbul. © Emily Rice Johnson

Protect ya’ neck: E-commerce exits as travel platforms face legal hurdles

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]]><![CDATA[Taking A Short Cut]]>https://www.turkeyrecap.com/p/taking-a-short-cuthttps://www.turkeyrecap.com/p/taking-a-short-cutFri, 23 Jan 2026 03:00:33 GMTWelcome back! Snow has finally arrived in Istanbul—and with current cheese prices, so has my veganism.

But honestly, that isn’t exactly our grate-est problem right now, is it?

In this week’s edition:

  • Rate decision and inflation outlook

  • Pension proposal passes despite objection

  • Temu joins TFF and Papara in scandal news

  • International cash flow monitor

  • This week’s stat round-up

TCMB in Ankara. © Diego Cupolo

Should it cut or should it hold? Rate decision and inflation outlook

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