Turkey is an emerging geothermal superstar and countries across Eastern Europe are increasingly harnessing underground energy to provide cheap and eco-friendly local heating and energy.
Regulator’s moderate veiled tightening in the face of the currency’s descent described as “a complete joke” by one analyst.
Analyst says Turkey’s policy makers “seem to be in denial” as president renews unorthodox demands for low rates.
Despite scepticism over whether the Nato member country would really go through with the acquisition, Ankara says it has done so. Word on whether the transaction infringes US sanctions directed at Russia now awaited.
No breakthroughs announced after Washington, DC meeting expected to address spats over suspended visa services, the status of alleged coup plotter Gulen, Turkey’s missile defence plans and the prosecution of Turkish-Iranian gold trader Reza Zarrab.
EBRD markedly hikes its forecasts for economic growth in Emerging Europe after assessing the arrival of expansion that is so strong that it is already running up against structural constraints.
Some movement towards resolving row over US embassy worker arrest prior to meeting between Yildirim and Pence, but purchases of local-currency government paper have weakened to a crawl.
With core inflation even more alarming as it approaches a 14-year peak, economists call for monetary tightening, but president and ministers persist with unorthodox demands for loosening.
Though Russia's Rostec says the deal has been arranged at more than $2bn and Turkish president states a down payment has been made, observers still foresee Nato member Turkey backtracking.
Albania and Bosnia could struggle to meet accession criteria by 2050 and Serbia is unlikely to join before the mid-2030s, a new study reveals.
As the first train embarks on the Baku-Tbilisi-Kars railway, the economic and geopolitical factors pushing Azerbaijan, Georgia and Turkey to cooperate are as strong as ever.
Massive state-of-emergency purges launched after failed coup of last year now extending into local government.
Two small South Caucasian nations Azerbaijan and Georgia, as well as Turkey, stand to gain from route that avoids Russia following an ancient Silk Road corridor.
Production of fighter jet munitions, upgrades to Leopard tanks and role in €7bn Altay tank project all hit by ongoing rows between Ankara and Berlin.
Turkey’s home price growth in August measures 11.31% y/y, short of the 11.61% y/y recorded for July.
Head of defence alliance’s military committee refers to unspecified "necessary consequences" if Ankara goes ahead with purchase of hardware incompatible with systems used by Western allies.
As widely expected, Turkey’s central bank kept policy rates on hold, while the lira fluctuated amid developments in diplomatic spats.
Turkey’s business confidence index deteriorated in October after posting gains in the previous two months.
Proposal to cut Turkey’s EU pre-accession funds advances, while report claims German success in tightening financing available from KfW, EIB and EBRD.
Businesses forced out of Central Asian republic under rule of late autocrat Karimov returning as Mirziyoyev’s reputation as a reformist grows.