Turkey

Turkey’s inflation dips further to 37.9% in April

Akin Nazli in Belgrade May 5, 2025

But not according to independent economists. They say the headline rate increased to 80% from 75% in March.

Turkey’s opposition leader assaulted in Istanbul

Akin Nazli in Belgrade May 5, 2025

Sequence of events led to Ozgur Ozel departing funeral via front door, where he was attacked in front of camera crews.

Post-war order teetering – rights watchdog

Eurasianet May 5, 2025

Eurasia “at forefront” of assault on individual freedoms.

COMMENT: Middle Corridor makes progress, but playing second fiddle to the Northern Route

bne IntelliNews May 5, 2025

The Middle Corridor linking China to Europe through the South Caucasus and Central Asia has expanded significantly in the aftermath of Russia’s invasion of Ukraine, but its long-term prospects remain uncertain.

PMI shows Turkish manufacturing stayed in doldrums in April, but some signs of improvement noted

bne IntelliNews May 4, 2025

Rate of input cost inflation quickened to fastest for a year amid currency weakness and higher raw material costs

Turkey pushes up exporter obligation to sell FX to central bank to 35% of revenues

bne IntelliNews May 3, 2025

Since detention of Erdogan's main political rival Imamoglu, government has struggled to ease pressure on the lira.

Turkish unicorn Dream Games raises $2.5bn in private equity round at $5bn valuation

Akin Nazli in Belgrade May 3, 2025

Games developer's Royal Match ranked third in the world for the most in-app purchases in 2024, generating $1.4bn in revenues.

Turkey’s interference with judiciary has deepened, says Amnesty report

Akin Nazli in Belgrade May 3, 2025

Erdogan regime continues to simply ignore local court and European court rulings that it does not like.

“Lost” Ottoman era painting reappears at Sotheby’s London, sold for a million at auction

Akin Nazli in Belgrade May 2, 2025

Osman Hamdi Bey’s 1881 work Kahve Hazirlamak was bought by a Georgian prince around 1910. Its whereabouts became a mystery.

After Samarkand summit, Europe’s quest for Central Asian resources meets reality

Alexander Thompson for Eurasianet May 2, 2025

Playing long game for rare earths.

Aid ship to Gaza hit by drone strikes near Malta in international waters

bnm Gulf bureau May 2, 2025

A ship carrying humanitarian aid to Gaza as part of the Freedom Flotilla Coalition's mission to break Israel's blockade has reportedly been hit by drone strikes in international waters near Malta.

Fund III of Turkey’s largest tech venture capital outfit Revo raises $86mn

bne IntelliNews May 2, 2025

Focus on fintech maintained. Bigger roles for B2B SaaS, cybersecurity and health technology, and energy and gaming introduced as dedicated verticals.

MOL and TPAO bring upstream partnership to Hungary

bne IntelliNews May 1, 2025

Hungarian oil and gas company MOL and Turkish peer TPAO are partnering on hydrocarbon exploration and production in the west of Hungary, Minister of Foreign Affairs and Trade Peter Szijjarto said.

Italy and Europe must raise their voices against coup in Turkey, opposition leader tells Italian daily

bne IntelliNews May 1, 2025

Ozgur Ozel gives interview as Turkish president Erdogan, accused of jailing man he knows he can’t beat in an election, visits Rome.

Turkey’s reserves head to minus territory, lira flat and bond yields break records

Akin Nazli in Belgrade April 30, 2025

Economy experiencing unprecedented portfolio outflows described by one analyst as almost apocalyptic.

Turkey ranked 17th largest military spender in 2024 by Sipri

Akin Nazli in Belgrade April 30, 2025

9% annual rise in global spending steepest recorded since at least end of Cold War.

Trump policies won’t harm Emerging Europe badly – and will actively benefit Russia

Clare Nuttall in Glasgow April 29, 2025

Latest wiiw forecasts show little direct impact on Central and Southeast Europe from Trump trade wars.

“We stand with Ekrem Imamoglu,” Florence mayor writes on city hall wall

Akin Nazli in Belgrade April 29, 2025

Chief political opponent to Turkey's leader Erdogan remains imprisoned facing what he says are politically-motivated fake charges.

Turkish billionaire to transform New York air base into yoghurt plant with $1.2bn investment

Akin Nazli in Belgrade April 28, 2025

Project billed as largest natural food manufacturing investment in American history.

Turkey’s foreign policy falling apart on all fronts, writes shadow minister

bne IntelliNews April 27, 2025

Ankara took a slap to the chops as Turkic Central Asian states inked an investment-linked deal on relations with Brussels that pointedly included no recognition of the Turkish Republic of Northern Cyprus.

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