Turkey

Erdogan’s calls for rate cuts unmet as Turkey’s central bank sticks to 19% benchmark

bne IntelIiNews July 14, 2021

Regulator cites risks in inflation outlook. Denied cheaper money, president may now turn to selling rapid rebound in economy.

bneGREEN: BlackRock raises $250mn to fund climate transition in emerging markets

Richard Lockhart in Edinburgh July 13, 2021

BlackRock has raised $250mn from a consortium of ten institutional investors, governments and charities for its flagship blended finance fund, which aims to help emerging market economies reduce carbon emissions.

bneGREEN: EU carbon pricing set for radical reforms

Richard Lockhart in Edinburgh July 13, 2021

The European Commission is to publish legislation on July 14 that will detail the EU’s plans, dubbed “Fit for 55,” to reduce greenhouse gas emissions by 55% from 1990 levels by 2030 as part of wider reforms to European energy and climate laws.

Turkey ‘reverses ban on PE based recycled plastic imports’

bne IntelIiNews July 12, 2021

Attempts by Turkish plastics recyclers to show economic damage caused by barring waste imports from UK and other nations appear to have won out over environmental considerations.

US withdrawal from Afghanistan adds thousands to migrant numbers arriving in Turkey

Akin Nazli in Belgrade July 12, 2021

Young men fleeing Taliban via mountainous trek. Bus carrying migrants overturns, killing 12.

bneGREEN: CEE surfs the green bond wave

Robert Anderson, and bne IntelliNews reporters July 9, 2021

Issuance has been impressive but in some countries green bonds are still to get off the ground, while in others there is a shortage of high-yield, local currency or 'dark green' issues.

Founder of Turkey’s Hepsiburada becomes country’s latest billionaire by listing her webstore

bne IntelliNews July 8, 2021

When Turkish online retailer Hepsiburada (HEPS) listed on Nasdaq on July1, it propelled its chairwoman and founder, Hanzade Dogan Boyner, to billionaire status

bneGREEN: What is green?

bne IntelliNews July 6, 2021

Defining green energy and indeed green investments is not an exact science, Determining just how green each of the various energy sources are gets complicated once you start digging into the details.

Erdogan boasts of abduction of Turkish-born Kyrgyz educator Orhon Inandi

bne IntelliNews July 6, 2021

Turkish president says 100 individuals with links to the Gulen movement have been abducted and brought to Turkey.

Turkish lira coins worth less than scrap value

Akin Nazli in Belgrade July 2, 2021

Copper and zinc prices mean one kurus gives the holder a 1,539% arbitrage opportunity.

Foreign tourist arrivals in Turkey down 14% y/y in Jan to May

Akin Nazli in Belgrade July 2, 2021

Global cost of COVID19 impact on tourism may reach $4trn in 2021, with Turkish economy hit worst, says Unctad report.

ISTANBUL BLOG: The political killing of Deniz Poyraz, a very Turkish tragedy

Akin Nazli July 1, 2021

MP warns brutal murder should not be seen as a hate crime, but as part of a government crackdown.

PMI shows Turkish manufacturing back in growth territory after easing of COVID-19 restrictions

bne IntelIiNews July 1, 2021

“There were some suggestions growth could have been even stronger were it not for the ongoing difficulties in sourcing raw materials,” says IHS Markit economics director.

bneGREEN: Hydro’s elderly turbines need fresh investment to contribute to net zero

Richard Lockhart in Edinburgh June 30, 2021

Hydro needs new investment to replace elderly infrastructure and accelerate the road to net zero, the IEA says.

Dream Games completes hat trick of Turkish technology unicorns

bne IntelIiNews June 30, 2021

Following successes of Peak Games and Getir, Istanbul startup crosses the $1bn threshold with Series B funding round.

HOMANS: Ukraine takes control of unleashed drones

Robert Homans in Washington DC June 30, 2021

Since its independence in 1991, Ukraine has been largely limited in its capability to defend itself, partly through poor decisions made by Ukraine and partly due to limits placed on Ukraine by its Western partners. Turkish drones have changed that.

S&P: EMEA faster growth, but higher inflation

Ben Aris in Berlin June 29, 2021

Emerging market economies in Europe, the Middle East and Africa (EMEA) are recovering faster than previously expected from the coronavirus (COVID-19) pandemic, but that has come with higher inflation.

ISTANBUL BLOG: Cocaine lords and the "Turkey Connection"

Akin Nazli June 29, 2021

Fugitive mafioso Sedat Peker has lifted the lid on major drug trafficking. There are peculiar goings-on, with officials shifting uncomfortably in the spotlight.

Money laundering disquiet as Turkey's sixth wealth amnesty law expires

Akin Nazli in Belgrade June 29, 2021

Erdogan administration even made it possible for assets to be carried into country in a suitcase, with no inquiries posed as to origins.

Under half of emerging Europe economies to achieve full recovery in 2021

bne IntelliNews June 29, 2021

EBRD says recovery from the coronacrisis is progressing faster than expected, but many emerging Europe economies won’t return to 2019 levels of GDP until 2022.

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