Syrian President Bashar al-Assad had been a close ally of Turkish President Recep Tayyip Erdogan prior to 2011.
Erdogan administration attempting to shape more favourable economic picture ahead of elections. But latest unemployment data shows worrying signs of fallout from currency crisis.
Latest data: industrial output worse than expected, C/A back in deficit but seen as “great number”.
Turkish 5-year CDS up 5% w/w and 76% y/y but down 16% m/m.
Markets discuss what’s brought an ‘early spring’ to Turkish markets. BAML survey finds EM assets now seen as “most crowded trade”.
Pre-election strategy is to blame food inflation on ruthless retailers.
But is it all going L-shaped?
Threatened by soaring food inflation ahead of approaching elections, Turkey’s populist leader courts nationalist votes.
No official data available on total sum restructured by Turkish lenders. Banking watchdog has scrapped tables on loan restructurings in footnotes of lenders’ financials.
Company part-owned by transport mogul Brian Souter hit by collapse of Turkish lira.
Finance minister refers to “food terror” in warning against price gougers “reaching into pockets of our citizens”.
Central bank’s gross FX reserves rise to $77bn after eurobond sales.
Finance minister counts on foreign currency bond sales despite high costs and strong warnings.
Some 600 firms said to be working on game development in country.
Its shares fall more than 6% as strongman says parliament will strip opposition party of its stake bequeathed by Ataturk.
REER is latest Turkish indicator to go through a data series revision that happens to improve the country’s economic readout.
Meanwhile attention turns to health service amid tensions over permitted prices. Around 500 medicines said to be missing from Turkey’s market.
Latest Turkish headline PMI shows business conditions remain challenging. Finance ministry denies any contact with IMF.
Banks remain captive temporary investors in telco that underwent restructuring after Turkey’s largest ever default.
Amid Erdogan’s ire over high prices supermarkets stop selling some expensive vegetables altogether.