Turkey / Data
War snuffs out signs of recovery in Turkish manufacturing, shows March PMI
Impacts of conflict disrupted supply chains and pushed up costs for inputs including fuel and oil.
Turkish central bank revives FX swaps with local lenders as war pressures hit reserves
It’s a reminder of the bad, old days, but there’s no crisis as yet.
Planet IPO remains open to real estate developers on Borsa Istanbul despite war stress on markets
Agaoglu Avrasya REIT cleared for lift-off. Consternation among scores of non-property firms awaiting permission to list.
Akbank launches Turkish banks' spring syndicated loan renewals season at tighter spreads and 136% rollover rate amid Iran conflict
Obtains $700mn syndicated loan in five tranches.
Istanbul-listed Halkbank sells $210mn AT1 eurobond at 8.30% amid Iran war
Debt issue follows signing of deferred prosecution agreement over US claims of collusion with Iranians in sanctions dodging.
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Turkey’s diesel tax buffer evaporates amid booming oil prices and refinery margins
Annual rise in diesel price reaches 57% versus 37% on gasoline.
Democracy fading as autocractic rulers gain ground – Statista
Released on March 19, the latest Freedom in the World 2026 report finds that global freedom declined for the 20th consecutive year in 2025, with more countries experiencing deterioration in political rights and civil liberties than improvements
Turkey’s real estate industry expects higher demand for homes from Iranian buyers
No decline in mortgage rates foreseen because of geopolitical developments.