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.
Europe may not be able to block a potential bid by the Russian group to use the TAP pipeline.
Many investors appear to have taken fright at Turkey’s instability and the course that Erdogan has set.
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 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.
The president argues the executive presidency is essential to fight against the manifold economic and security threats bedevilling the nation.
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.
Government says industrial holding will be able to borrow cheaply to fund infrastructure projects.
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 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%.
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 strips Turkey of its last remaining investment grade, while S&P threatens further downgrade.
Central bank's failure to increase interest rates disappoints the market.
The warring parties have agreed to participate in a further round of negotiations to be held in Geneva on February 8.
Kazakhstan has good relations with all participants but is likely to help sway the talks in Russia's favour.
The discovery of offshore gas had raised hopes that Turkey might accept reunification of the island.
Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.
Already a subscriber or registered - click here to recover access.
If you a IntelliNews Pro user - click here to login.
Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.
IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.
"No day starts for my team without IntelliNews Pro" — UBS
Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.