<![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/economySubstackMon, 27 Apr 2026 15:32:06 GMT<![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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]]><![CDATA[Tariffic Confusion ]]>https://www.turkeyrecap.com/p/tariffic-confusionhttps://www.turkeyrecap.com/p/tariffic-confusionFri, 16 Jan 2026 03:00:31 GMTWelcome back! Here in Turkey, our collective fascination with construction has reached new heights. Someone in Ordu installed an observation booth overlooking a building project for enhanced viewing pleasure. 📺

Architectural intrigue or must-see ‘TV’? Either way, we’re here for it.

In this week’s edition:

  • What new tariff threats could mean for Turkey

  • Pension debate rages on

  • Inflation news run-through

  • International cash flow monitor

  • This week’s stat round-up

US Pres. Trump, staring into the void. Source

Tariffying truths: What new tariff threats could mean for Turkey

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]]><![CDATA[Kuruşing The Kaos]]>https://www.turkeyrecap.com/p/kurusing-the-kaoshttps://www.turkeyrecap.com/p/kurusing-the-kaosFri, 09 Jan 2026 03:00:28 GMTWelcome back! 2026 arrived with a bang – or in Istanbul's case, a howling gust. Hang on to your hats, folks – smooth sailing is not in the forecast.

In this week’s edition:

  • Minimum wage reaction

  • Pension controversy and inflation stats

  • Scandal scanner

  • International cash flow monitor

  • This week’s stat round-up

Pensioners shopping at their local Üsküdar bazaar. © Emily Rice Johnson

Bare-minimum rage: Minimum wage reaction

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]]><![CDATA[Wage Against The Machine ]]>https://www.turkeyrecap.com/p/wage-against-the-machinehttps://www.turkeyrecap.com/p/wage-against-the-machineFri, 19 Dec 2025 03:00:43 GMTWelcome back! In Istanbul, we aspire to be this cat, zenned out to saz tunes, but instead we’re stressed and stuck in traffic.

Boş ver! ‘Tis the season to peace out! We’re taking a break, but don’t worry – we’ve got a special treat coming, and we’ll be back recapping in the new year. Happy Holidays!

In this week’s edition:

  1. Minimum wage takes center stage

  2. Scandal scanner

  3. International cash flow monitor

  4. This week’s stat round-up

Kadıköy, Istanbul – all festive for the holidays. © Emily Rice Johnson

A–laboring we will go: Minimum wage takes center stage

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]]><![CDATA[What Does Your Cut Say?]]>https://www.turkeyrecap.com/p/what-does-your-cut-sayhttps://www.turkeyrecap.com/p/what-does-your-cut-sayFri, 12 Dec 2025 03:00:29 GMTWelcome back! We’d like to spare a moment for two men: one in Yozgat, who lost his pigeons to creditors, and another who scaled Mount Nemrut, only to destroy his saz in anti-AI rage.

It’s rough out there, folks – hang in there.

In this week’s edition:

  1. MPC cuts interest rate

  2. 2026 predictions, budget meetings and TÜIK

  3. Scandal scanner

  4. International cash flow monitor

  5. This week’s stat round-up

Turkey’s Central Bank headquarters in Ankara © Diego Cupolo

Expectations were rate: MPC cuts interest rate

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]]><![CDATA[Don't TÜIK Me Out]]>https://www.turkeyrecap.com/p/dont-tuik-me-outhttps://www.turkeyrecap.com/p/dont-tuik-me-outFri, 05 Dec 2025 03:00:33 GMTWelcome back! If the new iPhone 17’s $2,500+ Turkish price tag has you reconsidering your life choices, may we suggest this old-school Nokia alternative? Available now, at a Migros or BIM near you.

In this week’s edition:

  1. Inflation numbers are out, everyone weighs in

  2. Growth slows, rate cut expectations rise

  3. Black Sea attacks hit shipping rates

  4. International cash flow monitor

  5. This week’s stat round-up

Rainy night in Kadıköy has us pondering… new iPhone, anyone? © Emily Rice Johson

CP-I’ve got data: Inflation numbers are out, everyone weighs in

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]]><![CDATA[IMFine, You’re Fine, We’re All Fine... ]]>https://www.turkeyrecap.com/p/imfine-youre-fine-were-all-finehttps://www.turkeyrecap.com/p/imfine-youre-fine-were-all-fineFri, 28 Nov 2025 03:00:52 GMTWelcome back! Shopping for a historic palace on the Bosphorus? Struggling with the down payment? May we suggest Antalya’s thriving sand theft business?

Just one small request: return the beaches before we host COP31.

In this week’s edition:

  1. Inflation reviews, predictions and strategies continue

  2. Turkey to host COP31

  3. International cash flow monitor

  4. This week’s stat round-up

Min. Şimşek and VP Yılmaz, wrapping up the year? © ANKA

IMF-pressed: Inflation reviews, predictions and strategies continue

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