Southeast Europe / Features

CHALLENGING ERDOGAN: Another former ally walks out on Turkey’s strongman

bne IntelliNews September 13, 2019

Ex-PM Ahmet Davutoglu has followed former economic czar Ali Babacan in quitting the ruling AKP. Once known as the president’s right-hand man, he declared: “It has become a historic responsibility for us to build a new political movement.”

TURKEY INSIGHT: Rate-setters go for another dizzying descent

Akin Nazli in Belgrade September 12, 2019

Cut of 325 bp taken as tolerable by the markets with pace of easing seen as likely to slow. Rallying lira confounds analysts. If a wheel is set to come off ‘Erdoganomics’, the signs have not been detected yet.

When Chinese deals turn sour

Clare Nuttall in Glasgow September 12, 2019

Tighter regulation and growing geopolitical tensions have caused a downturn in global Chinese outward FDI in the past two years. The Central and Eastern Europe region is no exception.

TURKEY INSIGHT: It’s the Turkey we’ve come to love: Official growth beats expectations!

Akin Nazli in Belgrade September 2, 2019

GDP shrinks by better-than-expected (or “expected unexpected”, take your pick) 1.5% in Q2. Worryheads note Erdogan's latest credit splurge offset by private bank deleveraging, and ponder formidable size of commercial zombie on Treasury lab table.

TURKEY INSIGHT: Turkish assets sliding as Erdogan regime’s grip on events weakens

Akin Nazli in Belgrade August 27, 2019

Market observers ask why hot money did not rush into Turkey to benefit from guaranteed arbitrage against the new rate-cutting horizon.