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Central Bank’s Inflation Presentation and Ignoring the Reality

Şahap Kavcıoğlu, President of the Central Bank of the Republic of Turkey (CBRT), announced the inflation report, which includes medium-term inflation forecasts, on January 26th. Kavcıoğlu stated that “the midpoints of our inflation forecast range are 22.3 percent at the end of 2023, in line with our forecasts announced in the previous Report, it corresponds to the level of 8.8 percent at the end of 2024,”. Emphasizing the decreasing energy and commodity prices in his speech, Kavcıoğlu said that the energy costs, which have an important place in the balance of payments, increased by around 43 billion dollars in 2022 compared to 2021, but he predicts that energy prices will decrease in 2023. The most interesting aspect of Kavcıoğlu's presentation was his statement on the claim that Turkey would have a current account surplus in 2023.

01 Şub 2023

Soli is a weekly journal of neighbourhoods to dig into urban culture, people stories, and sociocultural dynamics. 🚏 ROUTE: PAZAR-HOPPING IN ISTANBUL Early morning. The most crucial time of the day. Tarpaulins, heavy iron sticks and the ropes that bind them are the tools needed to construct the roof of one of the oldest gathering places in human history in the narrow streets of the neighborhood, which are occupied with different purposes for the remaining six days...Devamını Oku

29 Oca 2023

• Oil tankers hauling millions of barrels of Kazakh crude are being prevented from leaving the Black Sea to reach global markets following a move by Ankara to insist on proof of their insurer guaranteeing cover while in Turkish waters — something that’s yet to happen. At least 20 carriers holding 18 million barrels of crude oil are waiting to pass through the straits. via Bloomberg

07 Ara 2022

• Turkey warned that beginning next month oil tankers will need to prove they are specifically insured to cross the country’s vital straits that connect the Black Sea with the Mediterranean, a move that could restrict flows of Russian oil as new European sanctions kick in. via Bloomberg Why it matters: The EU and the UK are set to impose additional sanctions on Russian oil shipments on Dec. 5 that will dramatically affect the availability of industry-standard...Devamını Oku

18 Kas 2022

• The UN announced that the Black Sea grain export deal was extended for 120 more days, settling down fears of yet another escalation in the global food crisis. The deal that ensures grain and fertilizer exports from Ukraine, one of the biggest grain producers in the world, was set to expire today. via AA On the ground: Russian airstrikes hit energy facilities and residential areas in Ukraine once again, as the first snow of winter fell on the war-torn coun...Devamını Oku

18 Kas 2022

• Russian strikes were reported in several cities across Ukraine, including the capital Kyiv, Kharkiv, and Lviv, resulting in authorities immediately announcing emergency blackouts as the attacks knocked out power and struck residential buildings. The strikes came after Ukraine saw a period of comparative calm after Russia's retreat from Kherson and amid authorities working hard to get the city back on its feet. via Reuters What's left behind: Reports of abus...Devamını Oku

16 Kas 2022

• Russia rejoined the Black Sea Grain Initiative with the support of diplomatic efforts from the UN and Turkey after Ukraine pledged not to use a designated Black Sea corridor to attack Russian forces. Turkey's President Recep Tayyip Erdogan said the renewed deal would prioritize shipments to African nations, in accordance with Russia's concerns that most exported grain had ended up in richer nations. via DS Meanwhile: Ukraine's President Volodymyr Zelenskiy ...Devamını Oku

03 Kas 2022

• Ships brought 354,500 tonnes of grain from Ukrainian ports despite Russia's suspension of participating in the UN-led Black Sea grain initiative, after joint efforts from the UN, Turkey, and Ukraine agreed on an Oct. 31 movement plan to carry grain to countries fighting hunger. via ABC Responses: The UN said no ships involved in the Ukraine Black Sea grain export deal were transiting a maritime humanitarian corridor on the night when Russia alleged its ve...Devamını Oku

01 Kas 2022



Fictitious or palpable, does Tophane exist on paper?

But where is actually Tophane, does it exist on the paper?

30 Eki 2022