ISTANBUL BLOG: Provincial party bigwig allegedly flees to France after hiring assassin who only shoots for the legs

Akin Nazli in Belgrade February 19, 2024

Series of events perhaps a good reflection of the disintegration of Turkey’s Iyi Party.

Turkey releases top exec detained after gold mine landslide disaster within hours

Akin Nazli in Belgrade February 19, 2024

Experts say ultimate cost of accident likely to be many multiples of money saved on mining operations through inadequate construction and/or operation of leach heap in gold extraction.

World must invest $8 trillion in renewables by 2030 to meet COP28 goal

by Roberta Harrington in Los Angeles February 14, 2024

Investment of as much as $8 trillion in renewable energy and half of that in grids and storage is required to meet the goal of tripling renewable energy capacity by 2030, as agreed at COP28 in Dubai in December.

Turkey’s new central bank chief rules out more rate hikes in near term

Akin Nazli in Belgrade February 8, 2024

At first press conference as governor, Fatih Karahan also states regulator is committed to a floating exchange rate. Yet it is clear that the authority intervenes.

Turkey’s finance minister Simsek reportedly asked Erdogan to remove central bank governor Erkan

bne IntelliNews February 8, 2024

Chief of regulator, previously billed as a Wall Street star who would help end country’s economic crisis, said she quit amid a “smear campaign”.

Earth has already passed 1.5 degrees warming, says study

by Roberta Harrington in Los Angeles February 7, 2024

The Earth may have passed 1.5 degrees Celsius of warming and in fact could soon reach 2 degrees, say international researchers who studied 300-year-old sea sponges in the Caribbean.

ISTANBUL BLOG: Turkey’s earthquake victims are thankful their homes collapsed, says urban planning minister

Akin Nazli in Belgrade February 7, 2024

On first anniversary of disaster, Mehmet Ozhaseki explains to devastated families the quite amazing good fortune that has brought them new housing.

Angry crowds chant “Can anybody hear my voice?” as Turkish health minister addresses earthquake memorial

bne IntelIiNews February 6, 2024

Slogan references calls heard from many victims who died trapped under rubble before rescue teams could arrive.

Politician's reference to “130,000” reopens question of how many died in Turkey’s quake disaster

bne IntelliNews February 6, 2024

Shadow of devastation worsens as displaced realise Erdogan’s pledge of 319,000 new homes by first anniversary of catastrophe was an empty promise.

Turkey releases official January inflation at 65% y/y

Akin Nazli in Belgrade February 5, 2024

Istanbul-based ENAG inflation research group calculates rate of 127% y/y.

ISTANBUL BLOG: All hail Turkey’s new central bank governor!

Akin Nazli February 5, 2024

No need to get squawkish, this guy is more hawkish.

LONG READ: Will economic wrecker Erdogan let the technocrats fix Turkey?

Will Conroy in Prague February 4, 2024

Country badly needs to trigger major foreign capital inflows. For that to happen, global investors will need further convincing that the meddlesome president will largely stay out of policy making on the economy.

Turkish central bank chief quits citing “smear campaign”

bne IntelliNews February 2, 2024

Finance minister rushes to reassure markets resignation will not blow Turkey’s new economic programme off course.

Procter & Gamble staff held hostage in Turkish factory in “Gaza protest” freed

bne IntelliNews February 1, 2024

Police staged a raid nearly nine hours into the standoff when the gunman took a bathroom break.

Turkey’s January manufacturing PMI surprises to upside but suggests “nasty” inflation reading ahead

bne IntelliNews February 1, 2024

Red Sea shipping issues disrupting supply chains, survey also shows.

The Middle Corridor set to halve cargo transit time between Asia and Europe

Seymur Mammadov in Baku February 1, 2024

As Russia experiences the impact of sanctions and restrictions in trade and economic relations with a number of countries, Central Asian countries and China are exploring new routes to increase their exports to Europe while bypassing Russia.

Turkmenistan: Big brother is listening

Akhal-Teke: A Eurasianet Bulletin January 31, 2024

Anybody complaining out loud in a public place can expect to be carted away. This and more in this week's Eurasianet Akhal-Teke bulletin.

ISTANBUL BLOG: Russian wheat importer Turkey becomes a wheat exporter

Akin Nazli in Belgrade January 31, 2024

Curious development comes in a week where US senators ponder how oil products from Russia, exported via a shady Turkish terminal, ended up in American warships.

Turkey sinks to lowest ever score on Corruption Perceptions Index

bne IntelliNews January 30, 2024

Country has few democratic checks and balances, insufficient laws against corruption and a reluctance to enforce such laws, says Transparency International.

Old video of Erdogan slamming costly space travel goes viral as president applauds first Turk in orbit

bne IntelliNews January 29, 2024

Back on Earth manipulated AI-generated footage shows Istanbul’s popular opposition mayor praising Turkish leader’s party ahead of upcoming local elections.