Turkey
Turkey completes tenders for 800 MW of solar
Half a billion dollars will be invested in building the plants. Sixty-seven companies placed 146 initial bids.
Tech startups in Turkey raise $1.1bn in 2024
Excluding anomalies created by activities of Getir and Bigg, 237 enterprises raised $804mn, up from $236mn in 2023.
Turkey hikes end-2025 inflation "target" to 24% y/y
Message to market appears to be that monetary policy is not on "autopilot".
Pakistan and Turkey discuss IT cooperation
Pakistan’s Ministry of Information Technology and Telecommunications has met Turkey’s in Islamadad to discuss expanding collaboration in IT, telecoms, and digital transformation.
Turkey’s earthquake disaster two years on – families still searching for lost children, 650,000 living in container cities
For so many survivors, it is proving impossible to move on and find closure.
COMMENT: Turkey, Azerbaijan and Uzbekistan create new Eurasian economic hub
A growing partnership between Azerbaijan, Turkey and Uzbekistan marks an important shift in regional economic diplomacy.
Turkey could set up airbases in Syria’s desert, brief Damascus sources
Speculation over Ankara’s intentions mounts as interim Syrian president al-Sharaa meets Turkish leader Erdogan.
“Unchained” Trump is main risk to broadly positive Emerging Europe growth prospects
Steep US tariffs on the EU or a sudden cut in support for Ukraine are the major downside risks for the region, says new wiiw report.
“Disappointing” PMI data shows solid scaleback of Turkish manufacturing in January
No take-off as demand conditions remain subdued.
Turkey's official headline inflation slows to 42% y/y in January
"Unofficial" calculation from ENAG shows figure of 81%. Monthly inflation moves up partly on minimum wage hike.
Uzbekistan to acquire ANKA combat drones from Turkey
News comes as US defence contractor CEO urges Elon Musk to help battle Turkish dominance on world UAV market by ending sluggish bureaucracy.
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Musk urged to knock Turkish drones out of global market
US defence contractor also calls on DOGE supremo to take aim at Israeli, Chinese UAVs by boldly removing sluggish bureaucracy.
Turkey awards 1.2 GW of wind power deals in tenders
$1.2bn will be invested in building five plants. Winners awarded grid connections for 49 years.
Sweden’s Aonic invests $10mn in Turkish game developer Mega Fortuna
Amid current monetary easing cycle, interest among investors in Turkey's game studios is on the rise again.
Syria removed customs tariffs after inflation warning from Turkey, says Turkish trade minister
Some analysts will take claim as more evidence Ankara has huge influence on new government emerging in Damascus.
Turkish opposition to name presidential candidate early in pushback against judicial crackdown
Another judicial investigation started into Istanbul mayor Imamoglu, widely expected to win nomination to challenge president Erdogan.
ISTANBUL BLOG: Making a fool of law
Turkey continues to simply ignore European court rulings not to its liking.
Turkey’s role in European security on agenda as top diplomats of Ankara, EU meet
Donald Trump policies could set in motion an attempt at reconfiguring relations.
Istanbul-listed contractor Enka to build Essar's 350-MW hydrogen plant in UK for GBP 529mn
Installation will form part of HyNet industrial decarbonization cluster at Stanlow Refinery in Ellesmere Port.
Turkey delivers another 250bp rate cut in line with expectations
Moderation in domestic demand, real appreciation in the lira and improvement in inflation expectations remain on track.