UN and Turkey propose reconnecting subsidiary of Russian Agricultural bank to SWIFT to restart Black Sea Grain Initiative

bne IntelliNews September 4, 2023

Proposals come as Turkey attempts to broker a deal between the West and Russia after the Kremlin pulled out of the agreement.

August PMI shows moderation in Turkish manufacturing gaining traction

bne IntelIiNews September 1, 2023

Customers deterred from committing to new orders amid strong price pressures.

ISTANBUL BLOG: Turkey’s latest GDP release indicates Simsek is making a beeline for the middle ground

Akin Nazli in Belgrade August 31, 2023

The suspicion is that the finance minister would like to declare to global investors that he’s created a recession. But he could then expect an Erdogan slap to his shiny pate.

bneGREEN: ExxonMobil says world will fail to meet Paris goal in 2050

Roberta Harrington in Los Angeles August 30, 2023

Oil supermajor ExxonMobil says that the world will fail to meet the Paris Agreement goal to keep global warming below 2 degrees Celsius by 2050.

Perspectives: Kyrgyzstan and Tajikistan building up for another potential round of fighting

Svenja Petersen for Eurasianet August 29, 2023

An unusual constellation of outside players taking shape.

Izdemir sells 24% stake in coal plant unit via Istanbul IPO for 3bn lira

Akin Nazli in Belgrade August 25, 2023

Observed "from space", it may appear that Turks are rushing to buy shares in flotations. But no-one is actually checking whether the buyers are fake accounts run by puppeteers.

ISTANBUL BLOG: Fool me twice, shame on me, fool me three times, shame on both of us

Akin Nazli in Belgrade August 25, 2023

Bid by Turkey’s new economic team to bring on global investor salivation will, as ever with the Erdogan regime, take the Orwellian path.

COMMENT: So what did happen to that claimed Turkish aspiration to join BRICS?

bne IntelIiNews August 24, 2023

Evidence of any real intent in Ankara to join the emerging economies club is rather thin on the ground.

Ankara boosts finance industry’s enthusiasm for Turkey with 750bp rate hike

Akin Nazli in Belgrade August 24, 2023

New economic team’s latest tightening will be significantly more to global market players’ taste.

Anglo-Turkish fintech Colendi launching Turkey’s first digital deposit bank

bne IntelIiNews August 22, 2023

Firm has acquired e-money, asset management, capital market and insurance brokerage licences over past 24 months.

Turkey moving to scrap FX-protected savings accounts

bne IntelIiNews August 21, 2023

Country’s new economic team wary of strain compensation payouts are placing on public finances.

Turkish power producer Karpowership offers to cut controversial South Africa contract to 5 years from 20

Elena Kachkova in Johannesburg August 21, 2023

While Karpowership has offered to reduce its original contract period for providing emergency power to South Africa with its floating gas-powered plants, the shorter contract also suggests an increased price.

Turkmenistan signals major change in energy-export stance

David O'Byrne for Eurasianet August 21, 2023

Ashgabat’s shifting position opens the way for expansion of natural gas supplies to Europe.

Orban invites illiberal allies to Budapest on national holiday celebrating Hungary’s Western orientation

Tamas Csonka in Budapest August 21, 2023

Unprecedented showcasing of power by Hungary’s strongman alongside World Athletics Championships.

bneGreen: Carbon capture is only a way to make people feel good about continuing emissions

bne IntelliNews August 18, 2023

In recent weeks, the United States has witnessed a surge in carbon capture investment, with major players in the energy sector making significant moves. However, as a technology it remains ineffective.

Flight attendant of Turkey's Pegasus Airlines applies for asylum in Netherlands

Akin Nazli in Belgrade August 14, 2023

In a sardonic riposte to the “I’m Kemal, I’m coming” slogan of the opposition’s failed election challenger, attendant writes: “I’m Serhat, I’m going.”

Erdogan won’t allow real fight against Turkey’s inflation till local poll battle is over investors warned

bne IntelIiNews August 13, 2023

Critics say new economic team have surrendered to strongman’s election calendar and have not restored free market functionality.

Black Sea war zone threatens to knock out Kazakh oil

Nizom Khodjayev in Astana August 8, 2023

Tankers imperilled as, following drone attacks on shipping, aide to Ukraine’s president says everything the Russians are moving back and forth on the sea is now a “valid military target".

ISTANBUL BLOG: Opposition leader Kilicdaroglu scraps with TV channel that backs his party

Akin Nazli August 6, 2023

Row latest sign of CHP chairman’s fight to resist calls for his resignation in wake of humiliating election defeat.

Turkey’s manufacturing expansion phase at an end latest PMI data shows

bne IntelIiNews August 1, 2023

Resurgent price pressures dampened demand for goods. Both input costs and selling prices under much stronger pressure.