Turkey

Turkish consumer confidence declines 1.8% in February

bne IntelliNews February 20, 2017

Turkish households’ general economic situation expectations have weakened with the sub-index declining by 0.3% m/m. Respondents expect unemployment to rise over the next 12 months.

Gazprom's 'iron embrace' comes with a sting in the tail

Will Conroy in Prague February 17, 2017

Europe may not be able to block a potential bid by the Russian group to use the TAP pipeline.

ALACO DISPATCHES: Investors unnerved by Turkish turmoil

Yigal Chazan of Alaco February 15, 2017

Many investors appear to have taken fright at Turkey’s instability and the course that Erdogan has set.

Turkish unemployment rises to 12.1% in November

bne IntelliNews February 15, 2017

The November 2016 figure is the highest unemployment rate since March 2010, reflecting the impact of slower economic growth and weak investment appetite.

Turkey’s current account deficit shrinks 16% y/y in December

bne IntelliNews February 14, 2017

Turkey's current account shortfall, the economy’s Achilles’ heel, was $32.6bn last year versus $32.1bn in 2015. The government’s current account deficit forecast for 2017 is $32bn or 4.2% of GDP.

COMMENT: What’s to stop ‘King Erdogan’?

Will Conroy in Prague February 10, 2017

The president argues the executive presidency is essential to fight against the manifold economic and security threats bedevilling the nation.

Three Turkish soldiers killed by Russian "friendly fire" in Syria

bne IntelliNews February 10, 2017

Three Turkish soldiers were killed and 11 were wounded in a Russian air strike "friendly fire" incident in northern Syria, the Turkish military said on February 9.

Critics claim Turkish sovereign wealth fund is just a mirage

bne IntelliNews February 9, 2017

Government says industrial holding will be able to borrow cheaply to fund infrastructure projects.

COMMENT: EU-Turkey customs union needs updating but obstacles lie ahead

Iana Dreyer of Borderlex February 7, 2017

Renegotiating the customs union, though far less controversial than the process that would end with Turkey actually joining the EU, is still likely to entail difficult decisions for both sides that could derail any agreement.

Turkey's annual inflation rate climbs to 9.2% in January

bne IntelliNews February 3, 2017

Turkey’s CPI inflation climbed to 11-month high of 9.22% in January as key items such as food and transport costs posted significant increases. The increase in domestic producer prices accelerated to 13.69%.

COLCHIS: The contagion of ‘unpolarity’

Michael Cecire of New America February 2, 2017

The murder of Russia’s ambassador to Turkey exposes the withered, snapping moorings of the old US-led unipolar order and an early preview of how an unpolar world might appear.

Fitch and S&P give Turkey double whammy

bne IntelliNews January 28, 2017

Fitch strips Turkey of its last remaining investment grade, while S&P threatens further downgrade.

Unorthodox policies fail to stop Turkish lira's slide

bne IntelliNews January 25, 2017

Central bank's failure to increase interest rates disappoints the market.

Syria peace talks end with ceasefire communique but rebel support is lacking

bne IntelliNews January 24, 2017

The warring parties have agreed to participate in a further round of negotiations to be held in Geneva on February 8.

CENTRAL ASIAN BLOG: Syrian peace talks launch Astana's 2017 PR campaign

Kanat Shaku in Almaty January 22, 2017

Kazakhstan has good relations with all participants but is likely to help sway the talks in Russia's favour.

Investors left pining for a united Cyprus

Will Conroy in Prague January 22, 2017

The discovery of offshore gas had raised hopes that Turkey might accept reunification of the island.

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