IHBIR trade group says companies forced to sell 40% of FX revenues to central bank at rate far behind inflation.
ENAG’s alternative headline figure calculated at 125% y/y.
If demand trend continues, growth-building momentum could be seen in second quarter.
AKP loses 11 cities it controlled since last municipal vote. For ruling party, big consolation is that next general election is not due until 2028.
Erdogan “defeat” provides further illustration of how no-one even remembers what was said five minutes ago.
CHP party now faces challenge to re-energise and seek avenue to snap polls that could bring down regime. Next scheduled major vote is not until 2028.
The idea that Erdogan can be dislodged was crushed in last year’s general election. Despite the media fuss, let’s not kid ourselves.
Though the opposition coalition has dissolved in disarray, the CHP mayor will aim to keep the anti-regime flame burning.
The UN’s World Meteorological Organisation has issued a “red alert” on the climate crisis, citing unprecedented increases in 2023 in greenhouse gases, land and water temperatures and melting of glaciers and sea ice.
The economies of Central and Eastern Europe (CEE), which experienced a period of stagnation last year, are poised for a modest revival in 2024, but both the Russian and Turkish economies are already overheating.
Ankara confirms two of accused entered Turkey, but denies they were radicalised while there.
Water is not only the basis of life for animals and plants but is also likely to become a contested resource in parts of the world in the coming decades, reports Statista.
Turkey’s envoy summoned to foreign ministry for “serious reprimand”. Top diplomat tells Turkish leader “there is no God who will listen” to those who support Hamas atrocities.
Country’s new economic policies have so far not triggered sufficient foreign portfolio inflows “to create the virtuous cycle the reform team need”, says economist.
Central bank also widens spread in overnight lending channel. Authority has been pushing local banks to borrow from the funding facility.
Despite calls for a tough move, human rights body opts to pursue more dialogue over Erdogan regime’s refusal to release philanthropist and Kurdish politician.
Club puts shock move on agenda after violence against players by fans who invaded pitch at end of match.
Country dislodges Poland from second spot in Europe for electricity made with coal. Ankara took advantage of lower Russian shipment prices caused by EU embargo.
It's predicted that 3bn people will live in zones that have been made uninhabitable (black areas) by 2070, say scientists.
Two Tajik dissident activists vanish without a trace. Rights defenders point to frightening frequency of state kidnappings.