Turkey

ISTANBUL BLOG: Erdogan spikes Nato accession talks with Sweden and Finland

Will Conroy in Prague May 18, 2022

Turkish leader leaves US and Europe wondering what his price might be for unblocking what was supposed to be a routine process.

In Nato expansion row Erdogan tells Sweden, Finland ‘Don’t bother sending delegations to Turkey’

bne IntelIiNews May 16, 2022

Turkish president doubles down on opposing Nordic nations’ applications to join defence alliance.

Erdogan comes out against Finland, Sweden joining Nato

Will Conroy in Prague May 13, 2022

Turkish leader says Nordic countries are “home to many terrorist organisations”. Position may anger Western nations that have tolerated Ankara’s decision not to impose war sanctions on Moscow.

bneGREEN: Climate change, war in Ukraine and rising prices create perfect storm threatening global food security

bne IntelliNews May 13, 2022

The war in Ukraine has interrupted grain exports from the country and could create a global food crisis as vulnerable wheat importing countries in Africa and the Middle East face shortages and rising prices.

bneGREEN: Renewables set for record growth in 2022, but 2023 is not so rosy

Richard Lockhart in Edinburgh May 11, 2022

Renewables are again set to break global records in 2022, with 320 GW of new capacity forecast to come online and new solar projects in China and Europe driving growth.

Credit card allowance difference between survival and oblivion for millions of Turks amid inflation crisis

Jonny Tickle May 11, 2022

Inflation variously measured at from 70% to 157% has wiped out pay rise gains. There are now more credit cards than people in Turkey.

Turkish scientists work on charging mobile phones using wearable organic solar cells

bne IntelIiNews May 10, 2022

Small panels weaved on to a shirt or coat could mean never having to bother with a charger.

EBRD expects 30% GDP contraction in Ukraine in 2022, lowers emerging Europe projections

Clare Nuttall in Marrakesh May 10, 2022

The EBRD has cut its 2022 emerging Europe growth forecasts again, reflecting a sharp downgrade for Ukraine and the regional fallout from the war and sanctions.

ISTANBUL BLOG: With official inflation a hair’s breadth from 70%, Turkey is on the tail of Zimbabwe

Akin Nazli in Belgrade May 5, 2022

Though academics who calculate inflation is actually 157% say it’s already far ahead of the rival basket case.

Turkey’s manufacturing PMI edges further into contraction territory in April

bne IntelIiNews May 5, 2022

Price pressures remained elevated, supply chain disruption continued and the war in Ukraine added to difficulties. Exports softened for first time in three months.

RIMMER: Turkey’s ‘Gandhi’ makes Erdogan ‘The Comeback Kid’

Julian Rimmer in London May 5, 2022

One last act of selflessness and devotion to his nation is required of Turkish opposition leader Kemal Kilicdaroglu. He must forgo the opportunity of taking on Turkey’s despot and allow someone with box office appeal to take his place.

NEMETHY: How will the war in Ukraine affect Emerging Markets?

Les Nemethy CEO and founder of Euro-Phoenix Financial Advisors May 2, 2022

We have all heard the adage that a butterfly flapping its wings in the Amazon could affect the weather patterns on the other side of the planet. Might the war in Ukraine also have such unintended consequences?

bneGREEN: Coal expansion slows slightly in 2021, but far more is needed to meet net-zero targets.

By Richard Lockhart in Edinburgh April 28, 2022

Total global coal power capacity under development declined by 13% in 2021 to 457 GW, a record low, with the number of countries building coal plants falling from 41 in 2020 to 34 in 2021.

Kyrgyzstan alarmed by Tajikistan’s reported purchase of Bayraktar drones

Kamila Ibragimova for Eurasianet April 28, 2022

Kyrgyzstan had hoped its own acquisition of the same drones last year would give it a strategic edge over Tajikistan.

Emerging Europe growth to fall to an average of 3% this year, says wiiw

bne IntelliNews April 28, 2022

Russian GDP forecast to fall by 9-15% this year, while Ukraine's economy could collapse by 38-45%.

Dismay as Osman Kavala sentenced to life in Turkey after ‘sham trial’

bne IntelIiNews April 26, 2022

Conviction of philanthropist painted as conspirator by strongman Erdogan comes with Ankara likely set to be expelled from Europe’s top human rights body.

ISTANBUL BLOG: Erdogan’s cycles of economic madness now so ‘normal’ nobody utters a word

Akin Nazli in Belgrade April 26, 2022

Regime treats Turkey like an economic guinea pig, say critics. Officials pushing all the buttons at the same time, attempting to avoid, but fuelling chaos.

Current account rot ‘exposes Turkey to risk of further sharp and disorderly falls in lira’

bne IntelIiNews April 25, 2022

Spillovers from Ukraine war add to splitting economic headache for President Recep Tayyip Erdogan, who must stand for re-election by June next year.

Ukraine conflict will trigger recessions across CEE, says Capital Economics

bne IntelliNews April 21, 2022

Russian GDP forecast to slump 12% in 2022, while Ukraine's GDP will halve. Bulgaria, Slovakia and the Baltic states will have two quarters of negative growth.

Erdogan opponent taunts president over his failed ‘Vision 2023’

bne IntelIiNews April 20, 2022

“What did you promise for 2023? With eight months to 2023, our nation in today’s Turkey waits in line for bread and butter and buys tomatoes and peppers piece by piece,” says IYI party leader Aksener.

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