Flat broke Turks will be thrilled to hear of mammoth defence HQ that will “instill fear in enemies and trust in allies”.
Apart from disquiet at reliability of data, observers worry expansion has been bought at cost of a weaker currency and higher inflation.
The cost of the EU’s proposed CBAM may turn out to be less than initially feared by exporters into the EU, a new report from Sandbag and E3G, two pro-green think-tanks, have found.
Report also shows supply chain disruption continued in August, contributing to further rises in input costs and selling prices.
European officials aware that 2015 migrant crisis reshaped global politics quick to offer Afghanistan’s neighbours millions to at least temporarily host people who have fled the Taliban.
Any additional refugees coming into Turkey will further damage the popularity of president Erdogan in a country under heavy economic pressure, points out Fadi Hakura.
The steel industry in Emerging Europe is staring at mounting costs as it must contend with paying for the greenhouse gas (GHG) emissions it creates.
The UNHCR has estimated half a million could attempt to flee Taliban rule by year-end, but Central Asia, Iran and Turkey will prove far from welcoming.
US exit from Afghanistan is brewing up a Salafi storm in which Turkey’s Syria militants could play a role.
The Turkish authorities' predictions for growth are becoming more and more bullish and unbelievable.
Performing poorly in the opinion polls, Turkish president is under pressure not to allow a wave of refugees from crisis-torn Afghanistan to settle in Turkey.
Drought hits main grain-producing regions, pushing up food prices and forcing Iran to import wheat for first time in five years.
It may have been irresistible market realities that prevented the central bank from fulfilling the president’s idiosyncratic demands for summer rate cuts. But will the dam break?
A $2bn swap deal with Korea also provides little but make-up. Turkish central bank has no competitor worldwide in carrying such a huge short FX position.
The fact the Biden administration pulled the plug on allies and friends in Afghanistan, and against the advice of allies in Nato, just affirms its all encompassing focus on China in foreign policy.
Fresh wave of migrants from Afghanistan crossing Turkish border will, meanwhile, only add grist to the mill of Europe’s populists.
Prior to rates meeting president Erdogan was pushing for summer easing.
Number of cases in country’s most visited tourist destination at least three or four times greater than official data shows, claims head of local medical association.
Budget was “planned as though there weren’t going to be any fires”, opposition lawmaker protests.
Total of 63 Turkish start-ups raised $746mn in Q2, bringing H1 figures to 129 deals worth $1.26bn, says Startups.watch. Country has several enterprises that look set to become unicorns waiting in the wings.