Turkey

M360 GSMA Eurasia event spotlights rich promise of mobile tech, 5G and AI

Mokhi Sultanova in Tashkent May 23, 2025

Mobile technologies and services said to have generated 7.7%, or $220bn, of GDP across region last year.

I don’t plan to stand for president again – Erdogan

bne IntelliNews May 22, 2025

Top US senator, meanwhile, introduces resolution calling for release of jailed main political rival Imamoglu unless Turkey can present credible evidence against him.

Turkey sticks to end-2025 inflation target of 24%

Akin Nazli in Belgrade May 22, 2025

Space for mid-June policy rate cut to 100-350 bp opens up.

Turkmen labour migrants turning elsewhere as Turkey is less welcoming

Alexander Thompson for Eurasianet May 21, 2025

Uzbekistan and Belarus new, hot destinations.

Data centre power use expected to increase 20-fold in next five years

bne IntelliNews May 20, 2025

The first data centres consumed as much power as 20,000 homes, but the largest today use the same amount of power as100,000 homes, and are on track to burn up 5mn households' worth of power by 2030 – the same amount of power that Japan consumes.

Syria's security forces seize 4mn captagon pills in Latakia

bna Cairo Bureau May 20, 2025

Syria’s Ministry of Interior announced the seizure of more than 4mn of Captagon pills in the western city of Latakia, as part of a crackdown on drug trafficking. The shipment, intended for smuggling, was found hidden inside industrial equipment.

Turkish cement maker Cimko sells $300mn 5-year debut eurobond at 10.75% coupon

Akin Nazli in Belgrade May 20, 2025

First Turkish eurobond sale to take place since market turbulence caused by jailing of Istanbul mayor and candidate for the presidency Ekrem Imamoglu.

Russo-Ukraine Istanbul ceasefire talks break up without result

Ben Aris in London May 17, 2025

The first direct meeting between the Kremlin and Bankova for negotiations since the start of the war in Ukraine in Istanbul on May 16 ended in failure with little progress being made.

Borsa Istanbul leads world markets in dollar-basis losses

Akin Nazli in Belgrade May 16, 2025

Turkey’s exchange-traded fund down 9.5% in year-to-date. Thai performance second worst at 6.5%.

Syria’s Foreign Minister al-Shaibani meets US Secretary Rubio in Antalya amid sanctions lift announcement

bna Cairo Bureau May 15, 2025

The Syrian Ministry of Foreign Affairs announced on May 15 that Foreign Minister Asaad al-Shaibani met with his American counterpart, Marco Rubio, to discuss the details of lifting sanctions on Syria.

Putin slaps Zelenskiy in the face, skipping the Istanbul meeting, sending a low-level delegation in his place

bne IntelliNews May 15, 2025

Russian president Vladimir Putin was a no-show at direct talks he proposed with Ukrainian President Volodymyr Zelenskiy and sent a low-level delegation instead that didn't include a single minister, in what has been called a “slap in the face”.

Lula presses Putin to attend Ukraine peace talks as Russian leader sends deputies instead

bne IntelliNews May 15, 2025

Brazilian President Luiz Inácio Lula da Silva joined the chorus of voices piling pressure on his Russian counterpart Vladimir Putin to personally attend proposed peace talks with Ukraine in Istanbul, but to no avail.

Turkey’s tourism boom at risk from growing image as “expensive country”, say industry reps

bne IntelliNews May 14, 2025

Once seen as more budget-friendly than Egypt or Tunisia, country now often described as on par with Spain, Italy and Greece for overall cost.

China's SWM to launch auto plant in Turkey

Akin Nazli in Belgrade May 14, 2025

BYD's sales of zero-tariff Chinese EVs on Turkish market are, meanwhile, booming.

COMMENT: Amid shrinking civic space, will the EBRD still uphold its democratic mandate?

Nina Lesikhina of the CEE Bankwatch Network May 14, 2025

As the global Democracy Index recorded a historic low in 2024, institutions tasked with upholding democratic values are under increasing pressure to adapt.

US President Donald Trump concludes historic meeting with Syrian President Ahmad al-Sharaa

bnm Gulf bureau May 14, 2025

US President Donald Trump met with Syria's interim President Ahmad al-Sharaa on May 14, marking the first encounter between leaders of the two nations in 25 years

In Kurdish peace moves, expect ailing founder Ocalan to get Turkish Riviera house arrest and “Real PKK” splinter to emerge, says analyst

bne IntelliNews May 13, 2025

Ankara thinks it can “mop up” those who continue fighting, adds Soner Cagaptay.

Afghanistan: Grappling with fall-out of dwindling foreign aid

Eurasianet May 13, 2025

Almost all US assistance terminated.

EBRD cuts 2025 growth forecasts citing tariffs and global uncertainty

Clare Nuttall in Glasgow May 13, 2025

Development bank lowers forecasts for Emerging Europe, Central Asia and North Africa as slowdowns in Germany and China take their toll.

BEYOND THE BOSPORUS: Who's to say PKK guns won't be used under a different name?

Akin Nazli in Belgrade May 12, 2025

And anyway, despite what you are reading, the militants' so-called name has not been in use since 2002.

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