EBRD economist highlights sharp rise in corporate indebtedness especially in foreign currencies, putting economies at risk from a currency depreciation or growth slowdown.
Pipeline to help EU diversify away from over-reliance on Russian gas as part of 3,500-km corridor.
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.
Output declines for the second consecutive month and registers 2% fall for Jan-May.
Businesses and analysts became more anxious about rising prices amid the collapse in the value of the Turkish lira.
Figure nevertheless will spur more anxieties that Turkey's economy is growing significantly above its potential.
Figure seen as “pretty meaningless” given the financial turmoil Turkey subsequently underwent in the second quarter.
Aziz Yildirim’s loss of the chairmanship of President Erdogan’s favourite football club has left voters pondering the previously unthinkable.
Primary cash surplus grows by 204% y/y.
Lira makes solid gain on move seen as an assertion of regulator’s independence, but post-vote anxieties over political interference remain.
“Now it is time for Qandil,” President Erdogan declares at dinner in reference to operation that seemingly has Baghdad and Washington’s approval.
Bond markets in Eastern Europe were as dead as the proverbial Dodo in May, continuing the slowdown already seen after the US imposed new sanctions on Russia in April.
Gap between assets and liabilities evokes warnings of possible emerging market currency-and-debt crisis.
Opinion split on whether MPC will introduce another rate hike on top of the May 23 emergency hike.
Data may point to a desired economic adjustment caused by the stark decline of the Turkish lira.
The Jan-May period saw a fall of 5% with light commercial vehicles experiencing a 13% y/y decline.
Taking stock of latest inflation data analyst says regulator has “very little wiggle room” not to hike rates again.
Investors’ nervousness over president’s monetary role appears to still be hindering currency’s recovery.
Gain in first five months of the year calculated at 14% y/y.
Turkey’s Manufacturing Purchasing Managers' Index (PMI) moved down from 48.9 in April to 46.4 in May, the lowest level since April 2009, IHS Markit said on June 1.