Ankara continues to quietly permit defence sales to Kyiv despite attempting to serve as a neutral mediator in the conflict with Russia.
However, according to the Istanbul-based ENAG research group of economists, inflation was 130% y/y.
One help to firms was a marked easing of inflationary pressures amid relative currency stability, says S&P.
For households, the government introduced aggressive price cuts prior to the national elections held in May. They are still receiving electricity at prices half of wholesale prices.
Turkish strongman and Azerbaijani counterpart Aliyev appear to have eased up on ‘Zangezur’ demand. But analysts think it might only be a temporary tactical retreat.
US steel company Nucor and Helion Energy plan to develop a 500-MWe nuclear fusion plant at one of Nucor’s steel manufacturing plants.
High gas prices, China slowdown and shifts in industrial production contribute to slower growth in Central Europe.
“By launching a military offensive in Nagorny Karabakh, President Aliyev forfeited the trust of Europeans. Azerbaijan’s status as a transport hub cannot be a reason for the EU to go soft on Baku,” says scholar Thomas de Waal.
Iran says it will take action against any attempt by Turkey and Azerbaijan to try to create a land bridge between the two countries across Armenia’s Syunik region next to the Iranian border.
Two presidents pointedly meet in key Azerbaijani exclave of Nakhchivan as they look to press home advantage won by quick success of Baku’s Karabakh offensive.
The earth’s energy is out of balance and the world is starting to cook, says a new report. The authors include James Hansen, who testified to the US Congress on global heating as long ago as 1988.
“Unwinding all the financial alchemy” put in place by predecessors a mammoth task and IMF “bazooka” might be required, says Timothy Ash.
Erdogan’s new economic team keep pushing lines about capital flooding into country, but the evidence for that is not there.
An “interplay” of climate change exacerbated heavy rainfall during the first two weeks of September 2023 in several countries across the Mediterranean, caused by low-pressure systems forming around a blocking high centred over the Netherlands.
Six of nine key planetary ‘health boundaries’ have been crossed, said researchers in a new report.
Strongman takes combative approach during trip to New York for UN General Assembly. Rebukes US journalist who quizzes him on human rights.
Finding comes week after US stepped up sanctions targeted at Turkish companies for circumventing war restrictions on goods flows to Russia.
Koray Vural snatched while on his way to work. Incident follows grabbing of Orhan Inandi in Kyrgyzstan two years ago. Like Inandi, Vural is linked to Gulen movement that denies Ankara’s claims it plotted coup attempt.
Country’s extradition refusals, scandalous wealth amnesty laws and cocaine trafficking boom also raising alarm.
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