<![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/economySubstackWed, 29 Jul 2026 08:33:41 GMT<![CDATA[Tekrar Hold’em]]>https://www.turkeyrecap.com/p/tekrar-holdemhttps://www.turkeyrecap.com/p/tekrar-holdemFri, 24 Jul 2026 03:00:36 GMTIn a marketing masterclass from Bursa, a mobile car wash operator has been cleaning parked vehicles for free—without telling the owners—and posting the now viral videos on Instagram. Spray it forward?

Welcome back! Diego here, holding down the fort while Emily forages in the wild.

In this week’s edition:

  1. Central Bank holds rates, warns of inflation risks

  2. Why the Haluk Levent investigation matters

  3. Polymarket, Kalshi sites banned in anti-gambling sweep

  4. International cash flow monitor

  5. This week’s stat round-up

Central Bank Gov. Fatih Karahan is playing the hand he’s been dealt. Source

Fortune favors the hold: Central Bank holds rates, warns of inflation risks

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]]><![CDATA[Blurred Pipelines]]>https://www.turkeyrecap.com/p/blurred-pipelineshttps://www.turkeyrecap.com/p/blurred-pipelinesFri, 17 Jul 2026 03:01:26 GMTWelcome back! Diego here filling in for Emily to break down the week’s Economy news, though I may need help explaining current soup and cheese prices in Turkey.

Fortunately, the Trade Ministry is investigating extreme price hikes, like a döner kebab in Istanbul’s Grand Bazaar that was reportedly going for 3,000 TL (64 USD). Protect ya net worth!

In this week’s edition:

  1. Turkey’s pipeline disputes from Cyprus to Iraq

  2. Karahan, Şimşek set the stage for rate decision

  3. Canada-Turkey free trade talks loading

  4. International cash flow monitor

  5. This week’s stat round-up

Turkish VP Cevdet Yılmaz and TRNC PM Ünal Üstel agreed to build a natural gas pipeline between Turkey and North Cyprus. Source

Outer Borus: Turkey’s pipeline disputes from Cyprus to Iraq

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]]><![CDATA[Can’t Say Na-To A deal]]>https://www.turkeyrecap.com/p/cant-say-na-to-a-dealhttps://www.turkeyrecap.com/p/cant-say-na-to-a-dealFri, 10 Jul 2026 03:01:10 GMTWelcome back! Turkey just rolled out a plastic bottle deposit system — collecting millions of bottles, doling out millions in TL...

Only to hike water prices days later. Depozito giveth, zam taketh away. Net savings? Zero. Investigation ongoing.

In this week’s edition:

  • International cash flow monitor: NATO edition

  • Turkey applies to join SEPA

  • Inflation stats and bank announcements

  • This week’s stat round-up

Never miss-ile a moment at Ankara’s NATO Summit. © Diego Cupolo

💸 FDI & International cash flow monitor: NATO edition 🪖

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]]><![CDATA[Millet Them Eat Cake]]>https://www.turkeyrecap.com/p/millet-them-eat-cakehttps://www.turkeyrecap.com/p/millet-them-eat-cakeFri, 03 Jul 2026 03:00:28 GMTWelcome back! While the cost of everything in Istanbul keeps soaring, this shopkeeper in Sivas is slinging lahmacun for 50 TL — and swears he's still making a profit. Have I been dough-ing life all wrong?

In this week’s edition:

  • Pensioners await July increase

  • Minimum wage, unemployment and confidence indexes

  • International cash flow monitor

  • This week’s stat round-up

Circle the potato stand like you mean business. Üsküdar, Istanbul © Emily Rice Johnson

Ease the pension: Retirees await July increase

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]]><![CDATA[Educators Strike Back]]>https://www.turkeyrecap.com/p/educators-strike-backhttps://www.turkeyrecap.com/p/educators-strike-backFri, 26 Jun 2026 03:00:32 GMTWelcome back! Name a country cheaper than Turkey. Take your time. While you think, see how well you remember this.

Ok, maybe maniacal, but let me know how long it sticks.

In this week’s edition:

  • Teachers’ hunger strike gets government stonewall

  • Expectations, confidence and MSCI review

  • International cash flow monitor

  • This week’s stat round-up

Teacher Union protesters being protected from fair labor rights. Source

It’s elementary, Watson: Teachers’ hunger strike gets government stonewall

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]]><![CDATA[Wheeling And Dealing ]]>https://www.turkeyrecap.com/p/deal-me-inhttps://www.turkeyrecap.com/p/deal-me-inFri, 19 Jun 2026 03:01:14 GMTWelcome back! You’re all fur-miliar with Izmir’s Romeow, but what about Turkey's most engaged World Cup superfan? Or Urla's 1-in-6-million “male,” who just became a meowmy? I know! Turkish cat news refuses to paws! 🐾

In this week’s edition:

  • Kirkuk-Ceyhan negotiations

  • Saudi axis solidification

  • Scandal scanner: Poultry crackdown, $128B debate and Halkbank lawsuit officially closed

  • International cash flow monitor

  • This week’s stat round-up

Sizing up those low gold prices in Ankara. © Emily Rice Johnson

Between Iraq and a pipeline: Kirkuk-Ceyhan negotiations

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]]><![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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