Dear friends, The elections in Turkey have finally come to an end, with the People's Alliance winning both the presidential office and the majority in the parliament. During the electoral campaign, the government went through some rough times, while the opposition reached its strongest potential by uniting. However, the result did not change. In fact, the opposition suffered its clearest defeat so far.

I met with the flour industrialists on Tuesday to discuss how they will be able to maintain their businesses after the 28 May elections, as the wheat prices are constantly fluctuating and the share of agriculture in GDP has been decreasing since the 1960s.

Dear friends, Recently, I took my precious wife Hande with me to a live broadcast that I was invited to. The reason why I wanted my wife by my side is her wonderful ability to criticize me without any restraint.

Further rise in USD/TRY exchange rate ended up with another government intervention today since the government is trying to eliminate anything that might disrupt their voters’ positive perception of them before the second round of the elections. However, everyone is aware of the unavailability of foreign currency in the central bank’s reserves.

Dear friends, I’ve been pointing out one important thing for the last couple of years. If those in power are fuelling the gap among different opinions in the society, provoking them to do further so is not the best approach.

The votes coming out of a ballot box do not guarantee any political formation. Quite radical developments must occur so that the will of the people shift to another direction. Therefore, I suggest that everyone keep their expectations at a reasonable level for the second round of elections. Remember, by casting their votes, people have their voices heard. We should respect the decision of the people. That is the primary rule of democracy.

Dear friends, Last week, I tried to draw attention to the following possibility:

1-What will happen in BIST? BIST lists companies as old as the Republic of Turkey, as well as those that have left their mark on the last five decades...

- Are you satisfied with the economic measures implemented so far? - People's satisfaction is far more important than my satisfaction. - People are overwhelmed by the high cost of living. . .

Banking and finance were invented by the capitalist system. This is a fact. But another fact is, these two produce instruments to prevent all economic activity from being controlled and profited by a select few. One of these instruments is credit.

I often find it difficult to share my thoughts with you on Mondays as the political agenda has been overwhelming in the country, overshadowing the social and economic agenda for a long time. Many people I spoke to on the weekend and this morning thought that peace would again come to our country with the end of the 14 May elections.

In the early 2000s, the most important skill of importers was efficient supply chain management. For example, they would manufacture the fabric in Pakistan, make it into trousers in Egypt, and then sell it to the US without paying customs duty. Even though this operation may seem difficult today, it helped those importers have a serious cost advantage in the past.

As expected, inflation rates by TurkStat turned out to be quite below those released by the Istanbul Chamber of Commerce, once again showing us that the connection between the official inflation and the everyday inflation that directly affects citizens’ quality of life is completely broken.

Istanbul Chamber of Commerce releases the Cost of Living Index each month, then we wait for the CPI figures and those announced by the TurkStat. Both indexes used to be very similar to each other for many years. But recently, the gap between them has been getting larger, depending on the circumstances.

The CBRT has two options ahead: - Cut Interest Rates - Or Keep Them Stable