Turkey

ISTANBUL BLOG: Revisiting jihadism and why it’s ‘next stop, China’

Akin Nazli in Belgrade August 25, 2021

US exit from Afghanistan is brewing up a Salafi storm in which Turkey’s Syria militants could play a role.

ISTANBUL BLOG: Turkey ups growth forecasts to more than 8%

Akin Nazli in Belgrade August 21, 2021

The Turkish authorities' predictions for growth are becoming more and more bullish and unbelievable.

Erdogan warns Turkey won’t be ‘Europe’s refugee storehouse’

bne IntelIiNews August 20, 2021

Performing poorly in the opinion polls, Turkish president is under pressure not to allow a wave of refugees from crisis-torn Afghanistan to settle in Turkey.

Kazakhstan set to lose quarter of grain crop as drought hammers Eurasia

Kanat Shaku in Almaty & Akin Nazli in Belgrade, Will Conroy in Prague August 19, 2021

Drought hits main grain-producing regions, pushing up food prices and forcing Iran to import wheat for first time in five years.

ISTANBUL BLOG: Erdogan’s field is economics. All bets on Turkish inflation are off

Akin Nazli in Belgrade August 18, 2021

It may have been irresistible market realities that prevented the central bank from fulfilling the president’s idiosyncratic demands for summer rate cuts. But will the dam break?

$6bn of IMF SDRs will hardly dent Turkey’s net reserves deficit of $41bn

Akin Nazli in Belgrade August 17, 2021

A $2bn swap deal with Korea also provides little but make-up. Turkish central bank has no competitor worldwide in carrying such a huge short FX position.

ASH: US pulls out of Afghanistan to focus on China problem, but that is harder now

Tim Ash of BlueBay Asset Management in London August 16, 2021

The fact the Biden administration pulled the plug on allies and friends in Afghanistan, and against the advice of allies in Nato, just affirms its all encompassing focus on China in foreign policy.

ISTANBUL BLOG: Nato training for Afghans in Turkey gives off a “Syria” odour

Akin Nazli in Belgrade August 14, 2021

Fresh wave of migrants from Afghanistan crossing Turkish border will, meanwhile, only add grist to the mill of Europe’s populists.

No surprises as Turkey’s central bank again holds policy rate

bne IntelIiNews August 12, 2021

Prior to rates meeting president Erdogan was pushing for summer easing.

Turkey suspends Antalya health workers’ leave ‘as Russian tourist influx drives up Covid infections’

bne IntelIiNews August 10, 2021

Number of cases in country’s most visited tourist destination at least three or four times greater than official data shows, claims head of local medical association.

Turkish forestry agency’s firefighting spending ‘was one tenth of its outlay on basketball teams’

bne IntelIiNews August 9, 2021

Budget was “planned as though there weren’t going to be any fires”, opposition lawmaker protests.

Turkish fintech Odeal among top fundraisers in Q2

Akin Nazli in Belgrade August 8, 2021

Total of 63 Turkish start-ups raised $746mn in Q2, bringing H1 figures to 129 deals worth $1.26bn, says Startups.watch. Country has several enterprises that look set to become unicorns waiting in the wings.

Perspectives | Augmented Azerbaijan? The return of Azerbaijani irredentism

Laurence Broers for Eurasianet August 6, 2021

For decades Azerbaijan denounced Armenian irredentism. Now it is advancing expansionary territorial claims of its own as it seeks to impose peace on its terms.

Erdogan lashes out at ‘terror of lies’ as criticism mounts over Turkey’s wildfire disaster response

bne IntelIiNews August 5, 2021

Ankara prosecutor investigating social media postings. Broadcasting watchdog warns TV stations about airing reports impacting morale of firefighters and public.

Turkey’s Getir in partnership talks with local car rental app MOOV

Akin Nazli in Belgrade August 4, 2021

Online groceries delivery player has followed an aggressive expansion strategy that has this year taken it to London, Amsterdam, Berlin and Paris.

Turkey’s central bank in a bind as official inflation moves to 5 bps below policy rate

bne IntelIiNews August 3, 2021

Some analysts now see prospect of rate cuts during remainder of year as off the table.

ISTANBUL BLOG: Reduced to tossing bags of tea, Erdogan’s having a bad wildfire crisis

bne IntelIiNews August 2, 2021

Turks stunned to find country has no firefighting planes. Presidential aide appears tone deaf as he gripes #HelpTurkey campaign is meant to make the state look “incapable”.

Turkey’s manufacturing PMI hits six month high in July as virus brake removed

bne IntelIiNews August 2, 2021

Coronavirus cases are, however, again on the rise. Analysts fear growth plans could once more be hindered.

Turks left with only poor second-hand car choices amid realities of country’s economic crisis

Akin Nazli in Belgrade August 2, 2021

More than half of 2.3mn used cars that changed hands in January to June were more than 10 years-old, while 82% were older than five years-old.

Turkey evacuates thousands of tourists amid hellish wildfire scenes

bne IntelIiNews July 31, 2021

Heat intensity of infernos measured with satellite data reportedly four times higher than anything on record for the nation.

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