Lira remains under pressure amid economic anxiety and worries over course of Syria and Libya conflicts. Erdogan set to speak to Putin on Idlib standoff.
Trump’s latest word on Syria is that he and “tough guy” Erdogan “are working together on seeing what can be done”.
Speculation is swirling in Moldova about the reasons behind Russian billionaire Andrei Goncearenko's announcement he is ready to sell his stake in the operator of Moldova's main airport.
President Ilir Meta has called on all Albanians to join mass protests against the government in March, signalling a return to the unrest that marked the first half of last year.
After surprise verdict, pundits consider whether under-pressure Erdogan might want to see businessman and philanthropist free as a sop to the West.
The financing will go primarily to strengthen energy security across the initiative’s countries, which consider it necessary to end, or at least reduce, dependence on Russia as an energy supplier.
Prime Minister Boyko Borissov unexpectedly said his government will not push for entry into the Exchange Rate Mechanism, one of the key steps towards adoption of the euro.
Milorad Dodik wants a "RSexit" secession referendum for Republika Srpska, as Bosnian Serb politicians say they will block the work of state-level institutions.
Prime Minister Ludovic Orban announced last month that Bucharest will scrap its deal with China General Nuclear Power Corporation (CGN) to expand the Cernavoda nuclear power plant.
Turkish president Erdogan who has been implicated in the sanctions-busting affair in which lender is embroiled said to have pushed for White House action.
The new agreements, signed shortly after Belgrade and Pristina agreed to resume direct flights between their capitals, represent a breakthrough in relations — but the new government in Pristina has raised objections.
Fiat is the first automaker to halt operations at a plant in Europe as a consequence of the coronavirus, but others are expected to follow.
Despite now being a member of Bosnia’s tripartite state-level presidency, Dodik has renewed his calls for the referendum that — if Bosnian Serbs voted to secede — could lead to the breakup of Bosnia and destabilisation of the region.
Telco to use Huawei Mobile Services app ecosystem developed after Donald Trump placed a ban on Chinese company using Google's Android.
CHP says channel sold to pro-Erdogan business group two years ago is "working like an advertising agency in line with the government's discourse".
Warns Turkey will strike its Russian-backed forces if from now on even one Turkish soldier suffers “the smallest injury”.
Analysts puzzled by latest lira decline as foreigners “not involved”. Negative real interest rate a concern. Recent drop in 10-yr bond yield seen as unsustainable and driven by state bank support. Syria war fears deeply unsettling for markets.
One strategist expects 20% depreciation versus dollar to 7.50 by year’s end. Policymakers have “limited firepower” he says.
Traders, meanwhile, treating Turkish Airlines shares as lira funding source by shorting them, following introduction of short-selling bans on most active banking stocks.
Initial price guidance reportedly stood at around 4.65% and 5.65%, respectively.