Turkey
Turkish textile maker Akin Tekstil fires 152 on negative impacts of real lira appreciation
Extension of “forbearance measures”, meanwhile, will keep Turkey’s “zombie” companies on feet at least until end of 2025.
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Turkey-Iran border dispute escalates over new fuel tax
Turkey’s recent decision to end a long-standing tax exemption on fuel for Iranian transit trucks has triggered a major backlog at the Bazargan border crossing and left some 300 trucks stranded daily in harsh winter conditions.
Cost of producing one Turkish lira coin surpasses three lira
Embarrassments caused by depleted currency include public toilet fee only kept at one lira thanks to two-lira subsidy.
Tajik “terrorist” reportedly appointed Syrian defence ministry operational HQ chief
Sayfiddin Tajibayev’s jihadist group fought in offensive that toppled Assad.
Bangladesh explores tank purchase from Turkey as India receives request for Hasina’s extradition
Bangladesh has initiated talks with Turkey’s Otokar Otomotiv ve Savunma Sanayi A.S. to procure 26 light tanks, with delivery expected in 2025
Turkey’s 44% y/y official end-2024 inflation release suggests another 250bp rate cut in late January
Independent economists' research group, however, measures inflation at 83% y/y.
Turkish manufacturing nearing stabilisation, PMI shows
December moderation least pronounced in eight months.
Russia seeks to expand its nuclear energy dominance with new international projects
Russia is constructing over 10 nuclear power units on foreign soil to help capitalise on burgeoning energy demands driven by artificial intelligence and developing markets, a senior Kremlin envoy has revealed