Turkey
Turkish terminal freezes Russian oil business
Mediterranean facility Dortyol recently sprung to attention when US senators claimed “masked Russian oil” supplied via facility even ended up in US warships.
Turkey’s official headline inflation moves up to 15-month high of 67% in February
Central bank watching for lagged effects of rate hikes that have taken benchmark to 45%.
ISTANBUL BLOG: Quick dive into Turkey’s monetary madness
How did the country’s policy rate become idle on the sidelines? Given the Turkish economic mess, several explainers are needed, but here’s one.
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Turkish manufacturing returns to growth for first time in eight months, February PMI shows
Input and output price components still elevated, suggesting price pressures remain strong, says Capital Economics.
Turkey suspected of war crimes as occupying power in northern Syria, says HRW report
Given Ankara’s denunciations of Israel’s activities in Gaza, Erdogan administration exposed to claims of gross hypocrisy.
ISTANBUL BLOG: Here’s your F-16. Make mine an F-35
How Recep Tayyip Erdogan got himself into such a tangle trying to bag some fighter jets is quite the mystery.
Turkey posts 2023 GDP of 4.5% as finance minister Simsek markets his “middle ground”
In the battle to trigger hot money inflows, the current course means the delivery of a positive real rate will only occur in the second half.
Jellyfish invasion threat to Turkey’s tourism ambitions
Already battling “sea snot”, country’s scientists warn enormous swarms of the unsightly stingers threaten resort hotspots.
Kalfalar, the Turkish village with a population of one
And 87-year-old Ibrahim Elaslan says he's never leaving.
OKX announces launch of crypto exchange in Turkey
Figures have shown Turks’ ownership of digital currencies at the highest level in the world.
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Macron says sending Nato ground troops to Ukraine should not be ruled out
French president says Russia now presents a greater danger and nothing should be excluded.
US claims sanctions success, says Russia’s financial flows with Turkey, UAE and Kazakhstan disrupted
Washington says secondary sanctions threat against financial firms has put “sand in the gears” of network used to help Kremlin get access to goods.
Romania’s president pitches to be CEE's candidate for Nato top seat
The alliance's CEE countries had hoped to be strong contenders to helm the alliance this time around, but the Netherlands' Mark Rutte appears to have it in the bag already.
Indications grow Turkey-Russia trade hit by tightened US sanctions
Turkish exports to Russia sank 30% in January. Turkey’s banks facilitating payments wary of being shut out of US financial system.
World Bank says Emerging Europe needs tougher targets to reach net zero by 2060
New World Bank report charts path to net zero energy in Emerging Europe and Central Asia, but says current ambitions are too modest.
Turkey hits brake on monetary tightening, policy rate left unchanged at 45%
Benchmark will be further raised should the inflation outlook flash red, says regulator.
With decisive actions, net zero energy is within reach in Emerging Europe and Central Asia, says new World Bank report
A new World Bank report released today lays out pathways for countries in the emerging Europe and Central Asia region to make the shift towards renewable energy and reduce their fossil fuel dependence.
With decisive actions, net zero energy is within reach in the Emerging Europe and Central Asia, says new World Bank report
A new World Bank report released today lays out pathways for countries in the emerging Europe and Central Asia region to make the shift towards renewable energy and reduce their fossil fuel dependence.
Fusion another step closer?
Fusion, the holy grail of the energy transition, is closer than ever before. But it’s still unclear whether it can be commercialised in time to ward off the climate crisis.
ISTANBUL BLOG: Provincial party bigwig allegedly flees to France after hiring assassin who only shoots for the legs
Series of events perhaps a good reflection of the disintegration of Turkey’s Iyi Party.