Mark Bentley

@MarkABentley

Journalist/analyst. Ex-Turkey bureau chief and head of European investment news for Bloomberg. Retweets not endorsement

Joined April 2010
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  1. May 17

    “We love everybody, even people who don’t love us,” says Erdogan’s former PM and now his candidate for Istanbul mayor.

    0:19
    Biz herkesi seviyoruz ❤
    3 replies 2 likes
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  2. May 17

    Turkey's Garanti scales back syndicated loan, borrowing $784 million Garanti becomes the latest Turkish banks to borrow less from international investors as interest rates increased and demand fell. It's probably about currency risk as well

    2 retweets 5 likes
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  3. May 16

    Investors were bound to drive a hard bargain, and these leaks could be part of that, but still...

    1 retweet 2 likes
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  4. May 16

    This is probably one of the most important breaking news stories you'll read from Turkey this year. The failure of Turkey's bank rescue plan has potentially very serious implications for the country.

    3 retweets 3 likes
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  5. May 16

    Turkey's Bad-Loan Talks In Deadlock as Banks and Investors Clash Not a great start to Turkey’s efforts to strengthen its banks. Banks and investors couldn’t even agree on what a bad loan is... (?!)

    2 replies 33 retweets 18 likes
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  6. May 15

    Meanwhile, with the budget in a terrible state, the AKP announces that public transport will be completely free in Istanbul during Ramadan

    İstanbul Büyükşehir Belediye Meclisi, kentteki toplu ulaşım hizmetinin Ramazan Bayramı süresince ücretsiz verilmesini oy birliğiyle onayladı
    3 replies 4 retweets 5 likes
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  7. May 15

    So Turkey’s government, for the sake of credibility, needs to revise its budget goal or announce how it will meet the current one (latter looks impossible).

    2 replies 1 retweet
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  8. May 15

    So Turkey has another massive budget deficit in April -- 18.3 billion liras. Total = 54.5 billion liras for Jan-April, 68% of AKP's goal of 80.6 billion. If it wasn't for a 37 billion-lira central bank payout in January, Turkey would already have exceeded its target Woeful

    1 reply 11 retweets 13 likes
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  9. May 10

    Can't remember Albayrak speaking either. Awol? Trawled through the net, but nothing comes up, just lots of twitter statements. Weird...

    Turkey’s economy is in turbulence but Turkey’s Eco Min and son-in-law B.Albayrak has not been speaking for a month since he spoke at JPMorgan and ATC mtgs in Washington, DC. What gives?
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    1 reply 3 retweets 3 likes
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  10. May 10

    I would have expected at least , basically Turkey's FT, to have published more than this on THY: THY ilk çeyrekte 1.25 milyar TL zarar açıkladı. Geçen yıl aynı dönem zarar 314 milyon TL olmuştu. And where are reports from foreign media...too busy i guess...

    2 retweets 5 likes
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  11. May 10

    And for any THY transit passengers out there, you now get a free Bosporus cruise

    3 replies 1 like
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  12. May 10

    Turkish Airlines loss quadruples as costs surge; dividend is withheld | Ahval Hardly a source of revenue for the Turkey Wealth Fund. Yes the economy is doing badly, the lira slumped and marketing costs (?) have surged...

    1 reply 6 retweets 8 likes
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  13. Retweeted
    May 10

    The Turkish authorities doing everything they can do to support the lira aside from what they actually should do which is raise the benchmark 1week repo rate from 24%. Unfortunately on that front they likely still have their hands tied behind their backs.

    That said the lira is a floating currency and the CBRT is still claiming it is not intervening to defend the currency. Think that is the smoke and mirror form of central banking.
    4 replies 17 retweets 33 likes
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  14. May 9

    Potemkin polls are not democracy Great read from the Guardian Editorial Board. It sums up how elections aren't always about democracy. They become a useful tool for autocrats provided, that is, they win.

    2 retweets 11 likes
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  15. Retweeted
    May 8

    Despite key rate constant at 24%, TRY deposits has come down to around 20% and rates on bank loans have dropped significantly from a peak of above 35% to just above 20%. Our view on the recent backdoor stimuli:

    4 replies 16 retweets 19 likes
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  16. May 8

    For one, I’m growing tired of people analyzing whether Turkey is still a democracy under Erdogan & that somehow he has to prove it. Clearly it is not. This election travesty has shown it once more. Erdogan = Putin = Maduro (And they are all best mates). Can we move on please?

    19 replies 139 retweets 492 likes
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  17. Retweeted
    May 8

    Merkez’de kaleyi savunacak rezerv yok Onsuz olmaz demokrasiyi delik deşik ettik Takvim felaket, Haziran seçim ve Temmuz S-400. 200 milyar$ açıkta reel sektör Bir kur şoku daha yaşanırsa holdingleri uçuruma iteriz Soğanı 20 TL, patatesi 10 TL bulursunuz Türkiye, birden büyüktür

    143 replies 1,204 retweets 5,428 likes
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  18. May 8

    As i wrote back on April 1 in , Erdogan was never going to just give up Istanbul. This unfortunate situation was always on the cards

    1 reply 2 retweets 7 likes
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  19. Retweeted
    May 8

    Turkish pop star Sibel Tüzün's scheduled program on state radio has been cancelled after her pro İmamoğlu tweet.

    Yeni şarkımız radyopr turu kapsamında gerçekleştireceğimiz 14 Mayıs tarihli TRTFm programı yetkili makamlar tarafından geçtiğimiz gün yaptığım konulu twitter paylaşımlarım dolayısıyla iptal edilmiş,bugün tarafıma bildirilmiştir. …
    2 replies 34 retweets 57 likes
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  20. Retweeted
    May 8

    I would add: CHP needs to force the YSK to announce the rules of the game beforehand (because the elections law is not the “rules” apparently). E.g. Will policemen from other cities be able to vote? Will stamps on party logo be accepted? Who can/can’t be ballot box workers?

    The CHP has decided to stand in a new Istanbul election and there seems to be debate about whether this was foolish. Here is a thread about why it was the only feasible option and what I believe the opposition should do next.
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    2 replies 20 retweets 50 likes
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