Turkey
Turkey pushes up exporter obligation to sell FX to central bank to 35% of revenues
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
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
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
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
Playing long game for rare earths.
Aid ship to Gaza hit by drone strikes near Malta in international waters
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
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
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
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
Economy experiencing unprecedented portfolio outflows described by one analyst as almost apocalyptic.
Turkey ranked 17th largest military spender in 2024 by Sipri
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
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
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
Project billed as largest natural food manufacturing investment in American history.