Derisory attempts at defending the lira in evidence. The fact that the country’s coronavirus crisis is about to go hardcore will not help.
The Commission's latest attempt to revamp the customs union with Turkey faces many obstacles before it can even start.
Resurgence in Turkey’s coronavirus outbreak looks set to hinder flag carrier’s attempts to stage a recovery.
But pandemic has delayed restart of convergence with Western Europe until 2023.
Regulator says “domestic activity is strong” but Capital responds: “Our own reading is that the economy is starting to slow more abruptly.”
Police use cranes to remove embarrassing message from city streets as main opposition party says it won’t let the matter of Turkey’s decimated FX reserves go.
For financial market investors, Russia is currently in the same basket as Turkey and Ukraine, but only on a temporary basis.
Yerevan, meanwhile, moves towards putting on trial two men from Syria it claims served as mercenaries in Nagorno-Karabakh conflict after being recruited by Turkey to fight for Baku.
Perhaps the most important thing for the Russian leadership in this episode was to prevent the need to actually go to war against Ukraine in the future. Going for overkill in terms of military manoeuvres now prevents actual war later.
Small caps have offered huge returns with flotations the new "kitsch". Turk Ilac, locked at the price ceiling for 20 days, became a rich butt of jokes.
Kremlin says move is response to Ankara’s worsening coronavirus difficulties but analysts see it as punishment for siding with Kyiv.
Iran stands to be one of the winners of the new regional transportation map.
Anxious times for a central bank with a net FX position of around minus $60bn.
Tajik Rahmon administration has long been wary of Tehran exporting Islamic Revolution to inhabitants opposed to Soviet-legacy rule.
His Yildiz Holding has since 2018 restructured its debts several times. In food, its businesses include Godiva Chocolatier, Pladis Global and SOK.
Latter bans tourist flights to the former. Iranian deputy minister angered by relaxation of restrictions over Nowruz holidays.
Thigh deep in the economic quagmire, Erdogan regime at least hears that as things stand Europe can live with it, while Biden seems unlikely to opt for a ruckus.
Inflationary pressures in industry were exacerbated by currency weakness, even ahead of lira’s latest plunge.
A third wave of the coronavirus pandemic is sweeping through Emerging Europe. While Russia is expecting to reach herd immunity in the next two months, most other countries of the region have only just started their mass immunisation programmes.
Already mired in a homegrown economic crisis, the country faces losing out on vital tourism revenues for a second summer running.