COMMENT: Improving sentiment in global markets amidst uncertainty

Peter Hakansson Chairman and chief investment officer of East Capital October 23, 2020

The global economic recovery continued throughout the quarter, and the OECD now expects world GDP for 2020 to contract by only 4.5%, compared with 6% in their previous forecast from June. Equity markets have done better than expected.

Research group finds Turkish inflation running at triple official rate

bne IntelIiNews October 22, 2020

Finding of new project set up by academics and researchers comes with government facing increased scrutiny over whether national statistics are detached from reality.

BEYOND THE BOSPORUS: Erdogan goes back to his ‘goofy movie’ routine as his central bankers hold rates

Akin Nazli in Belgrade October 22, 2020

Actually, it’s a whole lot more serious than that for ordinary Turks suffering the vicissitudes of this elective dictator on the edge of the economic precipice. But watching the markets get confounded again has to have some comedy value.

25th day of Nagorno-Karabakh conflict brings little to no sign of peace

bne IntelIiNews October 22, 2020

Prospects of Azerbaijani offensive into heavily populated core of enclave are reportedly rising. Turkey calls Minsk mediation group "brain dead".

ISTANBUL BLOG: Market makers cranking the “positive headlines” machine ahead of expected rate hike

Akin Nazli in Belgrade October 21, 2020

Hit-and-run opportunities there may be. But even Turkish kids on the block would tell you Turkey’s official inflation rate is fake. Who wants to put that in their pipe of analysis and smoke it?

Turkey’s Ulker in investor meetings for debut eurobond after wealth fund fails

Akin Nazli in Belgrade October 21, 2020

Confectionery maker reportedly looking to sell 5-year or 7-year papers. Turkey Wealth Fund said to have backed away from holding auction after asked for yields turned out to be higher than officials expected.

Russia knocked Turkish drones out of sky in Armenia claims report

bne IntellIiNews October 21, 2020

Also amid Nagorno-Karabakh conflict, another report says Russia has deployed a “large” number of border guards to work with Armenian counterparts assigned to protect Armenia’s only border with Iran.

Armenia ‘finds Canadian components on Turkish drone downed in Nagorno-Karabakh’

bne IntelIiNews October 21, 2020

Canada lately banned such military exports to Turkey. Armenian PM urges international community to follow its example.

ISTANBUL BLOG: Erdogan, Trudeau and the killer drones

Akin Nazli in Belgrade October 20, 2020

By banning military technology exports under pressure from campaigners, Canada’s PM has thrown a wrench in the works of Turkey’s drone programme. But regimes everywhere know there is no consistency in this morality, perhaps Erdogan's most of all.

Azerbaijani, Armenian foreign ministers to ‘meet Pompeo in Washington’

bne IntelIiNews October 20, 2020

Possibility of trilateral session not ruled out as hopes rise for new effort to bring Nagorno-Karabakh conflict to an end.

Nagorno-Karabakh forces quoted as saying ceasefire generally held on October 18

bne IntelIiNews October 19, 2020

Day, however, sees angry exchanges with Armenia and Azerbaijan blaming each other for breaching humanitarian truce.

Turkey raises estimate of its ‘giant gas discovery’ but sceptics aren’t buying story on evidence so far

bne IntelIiNews October 19, 2020

Analyst points out that as Turkish national oil co has gone it alone in exploration, there's “no witness” to back up claims reserves are a “game-changer”. Notes gas find is “a feel-good domestic story to sell in troubled times”.

Second attempt at Nagorno-Karabakh ceasefire declared

bne IntelIiNews October 17, 2020

Agreement announced on day Azerbaijan accuses Armenia of killing at least 13 civilians in Scud missile strike on residential buildings in Ganja.

BEYOND THE BOSPORUS: Erdogan fires his Russian missiles into a fog of confusion

Akin Nazli in Belgrade October 17, 2020

Move may suggest Turkey’s leader is giving up on his pal clinging on to 1600 Pennsylvania Avenue and is exploiting the US’ present preoccupation with itself to get ahead of the game.

Amid war, Armenians closely watching the signals from Russia

Ani Mejlumyan for Eurasianet October 16, 2020

The messaging from Moscow has been pro-Armenia but critical of its government. And some Armenians are questioning their leaders’ flirtation, as mild as it’s been, with the West.

Karabakh coverage looks at Turkish military exports to Baku and possible execution of Armenian soldiers

bne IntelIiNews October 16, 2020

Azerbaijan’s lobbying operation in Washington and Aliyev’s denial that Turkey has sent Syrian mercenaries to battle front also focus of media on day 19 of conflict.

Erdogan acts to curb medical association critical of Turkey’s lack of coronavirus transparency

bne IntelIiNews October 16, 2020

TTB, which responded to data leak by saying the government “hid the truth”, in the cross hairs.

BEYOND THE BOSPORUS: Things are getting coarser on the borsa

Akin Nazli in Belgrade October 15, 2020

Want to play? On October 18, Turkey’s president will board a drill ship to crank up the volume on his big deal gas discovery. There will be verifiable applause all round!

Russia criticises Turkey for pushing military solution to Nagorno-Karabakh conflict

bne IntelIiNews October 15, 2020

Russian foreign minister adds that it would be right to deploy Russian military observers on line of contact, but that it was up to adversaries Azerbaijan and Armenia to decide.

TURKEY INSIGHT: Hospital building consortium latest creditor to go for a high stakes restructuring

Akin Nazli in Belgrade October 14, 2020

Talks on €900mn of loans proceed as country’s shocking pile of debt across fields including construction, energy, conglomerates and now tourism mounts up.