Turkey

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.

Turkey halts monetary tightening cycle at 45%

Akin Nazli in Belgrade January 25, 2024

With official inflation at 65% and set to climb further before retreating, the markets will wait to see if it’s enough.

Stoltenberg urges Hungary to approve Sweden's Nato bid

Tamas Csonka in Budapest January 25, 2024

Hungary now remains the sole holdout, greatly embarrassing Budapest after the Orban government pledged numerous times that Budapest would not be the last to ratify.

Low-emissions electricity to outpace demand increase for next three years at least

by Roberta Harrington in Los Angeles January 24, 2024

Low-emissions electricity generation will outpace robust electricity demand growth for the next three years. This is because renewables are growing rapidly and nuclear power is on track to reach a new all-time high in 2025, says a new IEA report.

Erdogan suggests he’ll ignore tabloid “campaigns” targeted at central bank chief

bne IntelliNews January 24, 2024

Father of regulator’s governor accused of firing one staff member and issuing instructions to others, even though he’s not an employee at institution.

Novartis withdraws medicines in Turkey in response to unfavourable exchange rate

Akin Nazli in Belgrade January 24, 2024

Health ministry has fixed euro-lira conversion paid on medicine prices at €1/TRY 17.55. As of January 24, market rate stood at 33 lira.

Orban suffers diplomatic setback as Turkey ratifies Sweden's Nato bid ahead of Hungary

Tamas Csonka in Budapest January 24, 2024

Hungary will be the last country to ratify Sweden's bid to join Nato. Stockholm rejects Hungarian invitation for talks, saying 'there is no reason at this point to negotiate'.

Turkey’s parliament backs Nato membership for Sweden

bne IntelliNews January 23, 2024

Bill ratifying accession now only needs Erdogan’s signature. Hungary the last country blocking Nordic country’s path into defence alliance.

Erdogan’s junior coalition partner to vote "yes" to Sweden’s Nato accession

Akin Nazli in Belgrade January 23, 2024

Vote set to proceed to floor of parliament.

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