Turkey
EBRD2024: EBRD expects Emerging Europe growth boost in 2024, but slightly lowers forecast
Development bank makes downward revision in latest forecasts after worse than expected Q1 figures for Central Europe.
Turkey’s fiscal tightening package goes down like a lead balloon with analysts
Influential economists not impressed with lack of detail and likely impact.
Russia's nuclear diplomacy binding emerging markets to the Kremlin
Currently, Rosatom controls approximately 70% of the world export market for the construction of nuclear power plants where emerging powers in the global south are trying to boost their energy production and turning to Moscow for nuclear power.
ISTANBUL BLOG: Fiscally frightening? Let’s talk up some tightening
The Erdogan regime is, of course, not really in a position to cut its spending.
Israel’s exposure to Turkey trade ban most evident in construction and food, says Capital Economics
Ankara’s move is, however, unlikely to have a major macroeconomic impact in either country, assessment concludes.
_1_1715248405.jpg)
Turkey signs LNG deal with US supermajor ExxonMobil placing question mark over Russian gas supplies
Ankara has ambition to make country an energy supply powerhouse based on re-exports.
Relokanty: Is Russia’s loss Central Asia’s gain?
Maximising the benefits of Russia’s surprising exodus.
_1715270013.png)
Energy transition more likely to be delayed with dire consequences, says WoodMac
The world could be heading for a 3-degree C warming trajectory as political headwinds slow the energy transition, says a new report by Wood Mackenzie.
Turkey reportedly still loading Azerbaijani oil for Israel despite “total trade ban”
Trade ministry said “all products” are subject to boycott, but tankers on Ceyhan to Haifa crude export route appear unaffected.
Rights groups call on Tajikistan to disclose whereabouts of “forcibly disappeared” opposition leader
“Devastating reports” say Suhrob Zafar may have lost ability to walk following torture. Turkey suspected of role in rendition.
Official Turkish inflation edges up in April, bordering on 70%
Alternative reading from economists is 124%. Analyst predicts central bank won’t shift to rate cuts until next year.
_1_1714738869.jpg)
Turkey’s headline manufacturing PMI drops from 50.0 no-change mark to 49.3
Sustained slowdown in new orders feeds through to renewed moderation in output.
Turkey reportedly freezes all trade with Israel
Under pressure from religious conservatives, Turkish leader Erdogan is said to have blocked all exports and imports. Move draws angry rebuke from Israelis.
Fallen Turkish startup delivery star Getir exits Europe, US
Rapid groceries firm shot to commercial stardom on back of covid lockdowns. Post-pandemic, its valuation collapsed.
COMMENT: Aliyev continues to block the chance of peace in the South Caucasus
Although Armenia and Azerbaijan are now the closest they have been to signing a peace treaty in the last 30 years, there is a high probability that it will not be signed.
_Cropped_0_0_0_1714373800.jpg)
Europe’s top human rights body has no plans to sanction Turkey over failure to free Kavala
No willingness on part of member states to penalise Ankara amid Ukraine war and other crises requiring solidarity, says Council of Europe.
Gaza aid flotilla unable to depart Turkey after Guinea-Bissau withdraws vessel flagging
Organisers of mercy mission say Israel pressured West African nation.
Kuwait reacts angrily to being cut out of Iraq and Turkey’s transport project
Kuwait witnessed a wave of angry reactions on April 25 after Iraq, Qatar, the United Arab Emirates and Turkey signed a quadrilateral memorandum of understanding in Baghdad to establish the "Development Road" project, linking Turkey with the Gulf.
Turkey keeps policy rate constant at 50%
Central bank is, notably, no longer talking about building up its reserves in parallel with so-called monetary framework simplification policy.
CEE recovering but no full rebound in sight, says wiiw
Germany’s slow recovery is dampening growth prospects for Central and Southeast European economies.