Turkey

Turkey steps up import compression and capital control efforts

Akin Nazli in Belgrade May 12, 2020

Critic says Erdogan’s cajoling to keep rates low has caused investors to dump lira. With FX reserves sinking, back-door ways to lift currency, such as by squeezing trade, will be needed, but will shred central bank's remaining credibility, they add.

Press freedom watchdog calls on Turkey to revise regulation that ‘threatens financial reporting’

bne IntelIiNews May 12, 2020

Academics say directive may prompt journalists to self-censor for fear of being fined.

Retail sales under lockdown across Central and Eastern Europe are sinking

bne IntelliNews May 12, 2020

A worldwide lockdown has created havoc for retailers as their customers are forced to stay at home. There has been a little respite as sales in March surged due to panic buying but that has given way to a lockdown that keeps stores closed

TURKEY INSIGHT: U-turn in the face of ‘Devil’s triangle’

Akin Nazli in Belgrade May 11, 2020

Officials lift UBS, Citi, BNP lira trading ban. Under regulator’s beady eye, local brokers stop offering FX trading on margin to retail clients. Foreign investors exit country at breakneck speed.

Turkey’s TAV and partner pay $415mn for Almaty Airport

bne IntelIiNews May 8, 2020

Seen as sitting on strategic Asia-Europe trade junction along China's Belt and Road initiative to develop infrastructure and associated investments.

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