Southeast Europe / News
Turkish 3-year sukuk raises $2bn at 5.8% on soaring demand
Erdogan administration attempting to shape more favourable economic picture ahead of elections. But latest unemployment data shows worrying signs of fallout from currency crisis.
As pips squeak in Turkey’s real sector central bank talks of “liquidity steps”
Latest data: industrial output worse than expected, C/A back in deficit but seen as “great number”.
Turkey ‘cuts yield at 3-year USD sukuk auction to 5.9%’ on $3.5bn demand
Turkish 5-year CDS up 5% w/w and 76% y/y but down 16% m/m.
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Locals wonder if surprise S&P upgrade is in store for Turkey
Markets discuss what’s brought an ‘early spring’ to Turkish markets. BAML survey finds EM assets now seen as “most crowded trade”.
Poland concedes setback in quest to stop Nord Stream 2
Warsaw's hopes of stopping the Nord Stream 2 gas pipeline were dashed, as Germany and France pushed through a compromise wording of amendments to EU’s gas market rules that will result in the weakening of the bloc’s joint control.
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Erdogan cracks down on Turkey’s food “terror”: state stalls swinging votes with cheap veg
Pre-election strategy is to blame food inflation on ruthless retailers.
Serbian opposition parties launch parliament boycott in support of protests
Nationwide protests against President Aleksandar Vucic, numbering tens of thousands of people, have taken place weekly since early December.
As Turks remain stuck in fruit & veg queues, London analysts give a cautious thumbs-up to Turkey
But is it all going L-shaped?
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Think of the “price of a bullet” not that of a tomato: Erdogan
Threatened by soaring food inflation ahead of approaching elections, Turkey’s populist leader courts nationalist votes.
Greek parliament ratifies Nato accession protocol with Macedonia
Greece was the first Nato member to ratify the accession protocol after a landmark agreement between the neighbouring states opened the way for Macedonia — soon to be renamed North Macedonia — to join the Alliance.
Turkey’s Garanti Bankasi, Turk Telekom to issue eurobonds, Akbank seeks loan refinancing
No official data available on total sum restructured by Turkish lenders. Banking watchdog has scrapped tables on loan restructurings in footnotes of lenders’ financials.
Big Istanbul ferry operator IDO in talks to restructure debt
Company part-owned by transport mogul Brian Souter hit by collapse of Turkish lira.
Croatia’s Uljanik selects local peer Brodosplit as strategic partner
Shipbuilder Uljanik is in severe financial difficulties and has already lost several vessel construction deals.
Turkey’s inflation battle: municipalities to start fruit & veg sales
Finance minister refers to “food terror” in warning against price gougers “reaching into pockets of our citizens”.
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Turks buying FX, foreigners buying Turkish shares since start of year
Central bank’s gross FX reserves rise to $77bn after eurobond sales.
Kosovo signs €210mn railway upgrade project with Italy’s GCF
Reconstruction of line spanning Kosovo from Macedonia to Serbia to have a positive impact "in the region and beyond" says Kosovo Railways’ CEO.
Turkey sells €835mn two-year sukuk as new bet on FX debt continues
Finance minister counts on foreign currency bond sales despite high costs and strong warnings.
Nato signs accession protocol with Skopje
Country to change name to North Macedonia within days, as it prepares to become Nato's 30th member and start EU accession talks.
Moldova’s pro-Russian president might have his own government soon, poll shows
IRI shows Igor Dodon's Socialists taking the largest share of the vote, well ahead of both the ruling Democratic Party and the pro-EU opposition.
Erdogan returns to plan to nationalise Turkey’s Isbank
Its shares fall more than 6% as strongman says parliament will strip opposition party of its stake bequeathed by Ataturk.