54 children among 1,900 who died in Turkey workplaces last year, says report

bne IntelIiNews January 17, 2024

As many as 32,478 workers have perished at work during Erdogan’s two decades in power, it adds. Turkey one of world’s 10 worst nations for working people, says another analysis.

Erdogan orders Davos no-show over event organiser’s Gaza war stance

bne IntelIiNews January 15, 2024

Turkey’s new economic team hoped to use event to further promote attempts to persuade global investors to return to country to help resurrect its economy.

Moody’s upgrades rating outlook on Turkey to positive

Akin Nazli in Belgrade January 13, 2024

Responds to change in Erdogan administration’s economic policy, but notes confidence in lira not yet fully restored and remains wary of backsliding.

Lira falls past 30/$ milestone

bne IntelIiNews January 11, 2024

Turkey's new economic team face battle to anchor currency.

EBRD invested record €13.1bn in 2023, expects return to profit

bne IntelliNews January 11, 2024

Wartime support for Ukraine contributed to hike in investment, and the EBRD is committed to continue support through 2024 and beyond, says development bank’s president.

Turkey’s Nasdaq-listed e-commerce lossmaker Hepsiburada talks up destinations for growth

Akin Nazli in Belgrade January 11, 2024

Bumpy existence to date includes US lawsuit payouts to investors and apparent loss of unicorn status.

bne IntelliNews Turkey Outlook 2024

Akin Nazli in Belgrade January 10, 2024

Turkish lira papers are expected to prove the bet of the year in 2024. Following the local elections that will be held on March 31, Turkey’s policy rate will reach its peak.

Speculator offloads Istanbul-listed Gubretas shares as price nosedives over Iran court dispute

Akin Nazli in Belgrade January 9, 2024

Turkish regulator rejects fertiliser maker’s application to hike capital by 300%, citing uncertainties over provision for case targeting Iran-based unit Razi Petrochemical.

Turkey's largest e-commerce platform Hepsiburada is set to enter the Ukrainian market

bne IntelliNews January 8, 2024

Turkey’s biggest and only publicly traded e-commerce giant Hepsiburada says its ready to enter the Ukrainian market which it regards as strategic.

Turkey releases official end-2023 inflation at 65% y/y

Akin Nazli in Belgrade January 3, 2024

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

Italy’s Sparkle launches Adriatic subsea cable project

bne IntelliNews January 3, 2024

Cable to run from Milan to Croatia, Montenegro, Albania, Greece and Turkey, linking fast-growing Balkan markets to Italy.

Manufacturing conditions soften in Turkey for sixth month, December PMI shows

bne IntelliNews January 2, 2024

New orders index remains at depressed level. Aggressive policy tightening by central bank weighs on demand.

Turkey denies passage to minehunter ships donated by UK to Ukraine

bne IntelIiNews January 2, 2024

Allowing vessels to transit Bosporus and Dardanelles straits would breach international pact on wartime use of waters, says Ankara.

CENUSA: The Hungarian-Russian factor and the Ukrainian dimension of the EU's eastern enlargement

Denis Cenusa in Giessen January 2, 2024

The Hungarian-Russian factor, combined and separately, entails risks to the sustainability of the enlargement process of the European project.

Turkey delivers 250bp rate hike in line with expectations

Akin Nazli in Belgrade December 22, 2023

As things stand, the central bank looks set to conclude the tightening cycle at 45% by bringing in another 250bp hike in late January.

Turkey’s central bank chief urges business to see high rates strategy as pain worth bearing

bne IntelliNews December 14, 2023

Weighted average rate on commercial loans rose to almost 53% as of first week of December.

Turkey trio hit with “Hamas financing” sanctions by US, UK

bne IntelliNews December 14, 2023

Turkish MP, meanwhile, dies after collapsing in front of parliament, moments after warning both Erdogan administration and Israel that “even if you escape the torment of history, you will not be able to escape the wrath of Allah”.

COP28 agrees to triple renewables by 2030

by Roberta Harrington in Los Angeles December 13, 2023

COP28 ran overtime, and nearly 200 countries finally agreed to transition away from fossil fuels, and to triple renewable energy and double energy efficiency.

Club boss quits after rocking Turkish football by punching referee in a fury

bne IntelliNews December 12, 2023

Faruk Koca revealed to be former AKP MP and old friend of Erdogan who once rescued president from a car after he fell unconscious.

Turkmenistan: Renaissance man

Akhal-Teke: A Eurasianet Bulletin December 12, 2023

Ankara is positioning itself as a conduit for Turkmen dealings with the world. But Ashgabat has its own ideas on this front. This and more in this week’s Eurasianet Akhal-Teke Bulletin.