Tillerson’s Turkey visit raises hopes of a reset in relations

Akin Nazli in Belgrade February 16, 2018

Turkey and the US agreed to normalise bilateral relations, strained by the Turkish campaign against the US-armed YPG Kurdish militia in Syria.

CEE monthly bond wrap: 2018 off to a strong start in CEE

Ben Aris in Berlin February 14, 2018

There were $5.8bn of issues in the bond markets of Central and Eastern Europe in January, well ahead of the $390mn of issues a year ago.

Aegean boat crash sparks diplomatic crisis between Turkey and Greece

Akin Nazli in Belgrade February 13, 2018

War of words erupts after Turkish coast patrol vessel rammed a Greek coastguard boat close to islands claimed by both countries, amid rising tensions in the Eastern Mediterranean.

EU warns Turkey to avoid threats against Cyprus in Eastern Mediterranean

Akin Nazli in Belgrade February 12, 2018

European Council President Donald Tusk issues warning after Nicosia accused the Turkish military of obstructing Italian energy company Eni's gas exploration ship in the Eastern Mediterranean.

Turkish retail sales growth strengthens further to 5.4% y/y in December

bne IntelliNews February 9, 2018

Annual gain edges up from 0.8% in 2016 to 1% last year.

Turkey's industrial production grows 8.7% y/y in December

bne IntelliNews February 9, 2018

Full-year figure for 2017 shows output rose to 6.3% from 1.8% in the previous year.

Bulgaria has Europe’s largest grey economy, IMF says

bne IntelliNews February 8, 2018

The shadow economy accounts for almost 30% of Bulgaria's GDP, higher than in any other European country, finds a new IMF report.

INTERVIEW: Fintech as a solution to the world’s biggest crisis

Clare Nuttall in Bucharest February 6, 2018

Entrepreneur, angel investor and Dragons Den star Baybars Altuntaş talks to bne IntelliNews about how mobile and financial technologies can be harnessed to help refugees build new lives and launch successful businesses.

Turkey’s annual CPI inflation eases further to 10.35% in January

bne IntelliNews February 5, 2018

Prices grow at slowest pace seen since July last year, with base effects and slower than anticipated food inflation growth key factors in lower than expected headline figure.

COMMENT: Export credit agencies lurk in the shadows of responsible financing

Dan Heuer of Bankwatch February 5, 2018

If sunlight is the best disinfectant, then export credit agencies need to step into the daytime, argues a new study of ECAs in Central and Eastern Europe.

Turkish stocks and government debt net inflow $855mn in week ending Jan. 26

bne IntelliNews February 2, 2018

Equities see gain of $112mn and state securities a strong $743mn.

Turkey's foreign tourist arrivals rise 28% y/y in 2017 with revenues up 19% y/y

bne IntelliNews February 1, 2018

Rapprochement with Moscow led to a huge return of Russian tourists while a big reduction in terrorism also helped drive the figures back up.

Turkey’s foreign trade deficit widens 37% y/y in 2017

bne IntelliNews February 1, 2018

Exports gain 10% to $157bn but imports experience faster growth of 18% y/y to hit $234bn.

Combined net income of Turkish banks rises 31% y/y in 2017

bne IntelliNews January 31, 2018

Total lending moved up 18% to hit TRY2.05tn.

Turkey’s economic confidence index jumps 10% m/m in January

bne IntelliNews January 31, 2018

Gain comes after four straight months of decline with business, services, consumer and construction sentiment up.

Turkey’s central bank lifts 2018 inflation forecast by 0.9pp to 7.9%

bne IntelliNews January 30, 2018

Higher import prices and a rise in the underlying trend of inflation among factors that force regulator to think again.

Turkey's home price growth stays below inflation in November

bne IntelliNews January 29, 2018

Prices moved up by 11.33% but were outdone by annual CPI inflation at a 14-year high of 12.98%.

INTERVIEW: CEE embraces the digital transformation

Ben Aris in Berlin January 26, 2018

The world is going through a digital transformation that could be as significant as the advent of the Internet and IBM is playing an active role in that change in CEE.

Net inflow into Turkish stocks $159mn in week ending January 19

bne IntelliNews January 26, 2018

Figure for the full year of 2017 tops $3.3bm with enthusiasm for emerging markets equities lifting Istanbul stock exchange to series of all-time highs.

Turkish business confidence jumps but CUR declines again in January

bne IntelliNews January 26, 2018

Sentiment in business up 5% m/m in first month of the year following three consecutive monthly declines, but manufacturing sees its capacity utilisation fall back 0.8 pp.