The CBT left the policy rate unchanged, as expected.
In case you wanted to do some advanced reading for your favorite Turkey economist's Daily News column for tomorrow.
As I am moonlighting in tourism, I should report of new project in Fethiye.
Interesting piece on a topic I've alluded to a couple of times in the blog or private emails with readers: That certain firms in certain sectors/regions have not only remained unscathed during the crisis, they have also managed to do well. But from the article, it is difficult to infer whether there is a product, firm or locational effect going on here. And again, they would have done better if they had foregone the ideological propaganda and not claimed this was TUSKON's work.
I'm really sick of the pointless debate on the effect of the Mavi Marmara incident on Israeli tourism, but I will post this anyway- at the end of the day, the number of Israeli tourists visiting Turkey is so small to make a difference at the aggregate level. But it'd be really interesting if one journalist could look past the aggregate figures and analyze the hotels (the grown-up's Club Med used to have lots of Israelis, for example), or regions affected by the Israeli boycott.
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