Turkey
Israel depicts toddler Erdogan in Iran’s lap, Greece takes aim at Turkey’s “junk” jets in wars of words
Known for dishing it out, this week Turkish leader has had to take some of his own medicine.
Turkey keeps 50% policy rate unchanged for fourth straight month
Monthly inflation rate may see temporary small rise in July due to factors beyond control of monetary policy.
ISTANBUL BLOG: Bizarre “own goal” in football fed poll and laughable light switch protest underline ineptitude of opposition
Is it any wonder Erdogan regime feels secure with opponents like these?
Turkey to levy 557mn lira in extra PPP tax on contractors but pay 162bn lira to same contractors
Tax take part of "fiscal tightening" campaign to curry favour with markets—but mega-infrastructure projects mean spending cannot be reined in.
Moody’s hikes Turkey two notches to four below investment grade
More upgrades will follow should the monetary normalisation policy remain in effect.
Rising carbon emissions will drive the clouds from the sky
The clouds may disappear from the skies within the next century, which would cause temperatures to leap by as much as 12C and force most of humanity to move to the polar ice caps.
Economic shock therapy makes 2024 most trying in a generation for Turks
"I may still be walking, but I am not really living," says poverty-stricken pensioner.
Death by electrocution of two who stepped in puddle causes widespread anger in Turkey
Prosecutor seeks detention of 29 water and power officials and workers. Tragedy triggers debate on dangers of electricity network privatisation.
_02___150724_Cropped_1721079236.jpg)
Syria’s Assad says no meeting with Erdogan unless core conflict issues are on table
Pushes for focus on Ankara’s backing for “terrorism” and pullout of Turkish forces
ING: Sharp drop in Turkey’s annual current account deficit
Turkey’s current account gap narrowed in May mainly due to an improving foreign trade balance, while capital flows significantly accelerated, leading to a jump in official reserves
Hungary’s Orban asks Turkey's Erdogan for support in Russia-Ukraine peace efforts
Hungarian PM Viktor Orban has asked Turkish President Recep Tayyip Erdogan to support his efforts to launch peace talks to end the Russia-Ukraine War, Orban’s press secretary Bertalan Hawashi said.
Chinese electric vehicle maker BYD signs agreement to build $1bn production plant in Turkey
New plant is expected to begin production at the end of 2026 and create about 5,000 jobs.
Turkey releases official June inflation at 72% y/y
Turkey’s consumer price index (CPI) inflation officially stood at 72% y/y in June versus 75.45% y/y in May and 38% y/y in June last year, the Turkish Statistical Institute (TUIK, or TurkStat) said on July 3.
Google’s emissions up 48% in five years because of AI
The greenhouse gas emissions of search and data giant Google increased almost 50% in five years because of its offerings and use of artificial intelligence (AI). The technology is highly power-hungry.
wiiw sees brighter growth prospects for ‘resilient’ Emerging Europe
Growth is mainly driven by a strong rise in real wages, leading to higher private consumption, while EU members are showing resilience in the face of Germany's economic downturn.
_1719845316.jpg)
Turkish manufacturers struggling with muted demand, June PMI shows
On positive side, softer cost inflation meant firms hiked selling prices by least extent in four-and-a-half years.
ISTANBUL BLOG: Great day for “Turkey is back” hype industry as FATF pulls country from grey list
Erdogan regime has been claiming, and much of the media has been circulating, that capital inflows will boom.
Turkey keeps policy rate unchanged at 50% for third straight month
At 75%, official inflation has likely reached peak and will quickly fall back to 40%s in coming months thanks to base effect.
Israel emerging as source of tension in Azerbaijan’s special relationship with Turkey
War in Gaza and domestic politics in Turkey create cracks in Azerbaijani-Turkish alliance.
Rerouting of Russia trade to add more Caucasus, Central Asia growth in 2024-2025, says Oxford Economics
Relatively small component of expanded commerce comes from evading sanctions on particular goods, analysis argues.