Cities in Southeast Europe are forecast to see some of the sharpest increases in average temperatures of any major urban areas worldwide over the next 31 years.
Doing so will prove a tall order—the Pentagon calculates loss of work will cost fighter jet component manufacturers in Turkey some $9bn.
Move in response to Erdogan administration buying Russian missile systems set to cost Nato member country $9bn in projected work share.
Cleanup operation launched after ruling coalition's disappointing performance in the first round of the recent presidential election.
Decision was unexpected as the transport ministry said a rival bidder — a consortium comprising France's Aeroports de Paris and Turkey's TAV — had offered the highest concession fee.
Macron says some external powers "have an interest" in making sure no deal is reached between Serbia and Kosovo, after normalisation talks stalled.
Rating agency adds that refinancing risks remain high in face of currency volatility and political uncertainties.
With deliveries of Russian S-400 missile systems to Turks under way, Washington officials say Ankara won’t get its hands on world’s most advanced fighter jet. Commander-in-chief says situation is not “fair” and blames Obama.
Growing sense among analysts that with economy shot Erdogan is provoking constant ‘state of emergency’ to hold on to power.
ExxonMobil has invested some $700mn in the Neptun Deep project in the Romanian section of the Black Sea.
Under pressure Turkish president who fired central bank governor last week leaves no doubt he is at the monetary helm.
New government in Chisinau claims cigarette smuggling via the separatist republic of Transnistria was allowed to flourish under the previous administration.
Podgorica is mulling a €500mn Eurobond to refinance maturing debt, following successful issues by Croatia and Serbia in June.
The National Bank of Serbia lowered the key rate to 2.75% after keeping it at 3% for thirteen consecutive months.
Troubled aluminium smelter was forced to halt operations as power supplies were cut off due to its unpaid debts, and no strategic partner has been persuaded to take it over.
The European Union’s row with Turkey over access to potential deposits of oil and gas in the disputed waters around Cyprus has flared up again.
IMF officials commend "sound" 2019 supplementary budget and rehabilitation of banking sector, as the Fund prepares to issue a loan tranche of around $46.5mn.
Russian pranksters Vladimir "Vovan" Kuznetsov and Alexei "Lexus" Stolyarov called North Macedonia’s Prime Minister Zoran Zaev pretending to be ex-Ukrainian president Petro Poroshenko.
Last week Russian state-owned gas giant Gazprom invited bank analysts on a trip to inspect the construction work of the Turkish Stream (aka TurkStream) pipeline. They report work on the pipeline is on schedule and that it is 90% complete.
German carmaker giant Volkswagen has given up on plans to build a multi-billion production plant in Turkey, a well-informed journalist announced on Twitter on July 5.