Home sales in Turkey up 3% y/y in May

bne IntelliNews June 20, 2018

Mortgage sales, however, continued to decline in the overheating economy, but at the lower pace of 12% y/y compared to 36% y/y in April.

US bill blocks F-35 sales to Turkey if Russian S-400 deal goes ahead

bne IntelliNews June 19, 2018

If Donald Trump signs a reconciled version of the bill, 100 stealth jets earmarked for Ankara may be held back.

Erdogan’s at it again: Turkish president renews unorthodox call for lower rates

bne IntelliNews June 19, 2018

"They are telling me I shouldn’t talk about this before the election... I have to speak the truth, so we can reach the truth,” he says on campaign trail.

Turkey’s home price growth at below inflation for eighth straight month

bne IntelliNews June 19, 2018

Expansion of 10.06% measured in April trailed the annual CPI rate of 10.85%.

Turkey’s short-term external debt rises 3% m/m in April

bne IntelliNews June 19, 2018

Amid the country's currency collapse, it reached the highest level recorded since March 2015.

Turkey’s retail sales growth up slightly to 8% y/y in April

bne IntelliNews June 19, 2018

Rate of growth edges ahead of March's 7.7%.

Developed European markets gain more benefits from globalisation than their emerging peers

bne IntelliNews June 18, 2018

Slovenia is the only East European country among the top 10 in terms of gains to GDP per capita due to globalisation, a study from German foundation Bertelsmann finds.

Sharp slowdown in Turkey is materialising says Capital Economics

bne IntelliNews June 18, 2018

Economy likely to suffer quarter or two of negative growth this year says forecast that lies well below the consensus.

Turkey’s budget surplus contracts 58% y/y in May

bne IntelliNews June 18, 2018

Across January-May, it expanded by 78% y/y to TRY20.5bn.

Turkey’s unemployment rate falls to 10.1% in March

bne IntelliNews June 18, 2018

Good news for the ruling party ahead of this week's elections but the figures do not cover the period that saw the start of the ongoing economic slowdown in Turkey.

Erdogan threatens “operation” against Moody’s after Turkey’s elections

Will Conroy in Prague June 15, 2018

President’s latest attack on ratings agencies amid country’s economic turmoil may further complicate task of meeting large external financing requirements.

Erdogan raises a white flag in the lira crisis

Will Conroy in Prague June 14, 2018

As the markets garrotted the lira, Turkey’s president gave up on any idea he had of continuing to stand defiant against an interest rate hike. But if he is re-elected in late June, will the markets trust him to keep a rational hand on the helm?

Turkey’s financial markets endure another hellish day

bne IntelliNews June 13, 2018

Lira, bonds and shares all suffer with Fed hike and ‘reloaded’ Erdogan factors troubling investors.

Turkey’s private sector long-term foreign loans stock edges down 0.84% m/m in April

bne IntelliNews June 13, 2018

Short-term loans jump 7% m/m as of the end of the fourth month.

Turkey’s industrial output growth slows to 6.2% in April but better-than-expected

bne IntelliNews June 13, 2018

The expansion has now lasted 19 consecutive months, but the growth deceleration has persisted for the past four months.

Europe’s southeast corner sees sharp increase in airport traffic

bne IntelliNews June 13, 2018

Passenger numbers at Georgian airports soared by 30.5% and there were more modest hikes in Ukraine, Macedonia and Montenegro, ACI Europe study shows.

CEE/CIS economies at risk from high corporate indebtedness

Clare Nuttall in Bucharest June 13, 2018

EBRD economist highlights sharp rise in corporate indebtedness especially in foreign currencies, putting economies at risk from a currency depreciation or growth slowdown.

Azerbaijan’s ambition to send gas to Europe step nearer as Turkey launches TANAP

bne IntelliNews June 12, 2018

Pipeline to help EU diversify away from over-reliance on Russian gas as part of 3,500-km corridor.

EM fund managers sell to invest in more stable markets

bne IntelliNews June 11, 2018

The US Federal Reserve raising interest rates combined with political and economic turbulence have caused investments to flow out of emerging and into mature markets since the start of this year.

Turkey’s vehicle production down 4% y/y in May

bne IntelliNews June 11, 2018

Output declines for the second consecutive month and registers 2% fall for Jan-May.