Russian GDP forecast to slump 12% in 2022, while Ukraine's GDP will halve. Bulgaria, Slovakia and the Baltic states will have two quarters of negative growth.
“What did you promise for 2023? With eight months to 2023, our nation in today’s Turkey waits in line for bread and butter and buys tomatoes and peppers piece by piece,” says IYI party leader Aksener.
‘Erdoganomic’ net lira creation via loans is again beyond the pale, rising to a new all-time high.
Istanbul’s ENAG, which argues inflation stands at 143% not 61%, a particular thorn in side of Erdogan administration with country now in election mode.
Ankara going to great lengths to avoid taking too much of a tourism hit from Ukraine war. Turkey has imposed no sanctions on Moscow.
Ankara wants the aircraft given US block on F-35s sale in response to Turkish purchase of Russian missile systems.
Rich countries must reduce oil and gas output by 74% by 2030 and fully by 2034 in order to keep the world on track for 1.5°C and give poorer oil-reliant countries longer to replace their income from fossil fuel production.
Official rate for March given as 61%. If the lira crashes again and commodity prices go right off the rails, country will sail through four-digit inflation.
The global wind industry posted its second-best year ever in 2021, posting 12% growth and adding 93.6 GW of new capacity onshore and offshore, bringing the global fleet to 837 GW.
Effects of Ukraine war combine with exising ills.
A Turkish prosecutor has asked for the dismissal of charges filed in relation to the assassination of journalist by a Saudi hit squad.
Ukraine's economy forecast to contract by 20% and projections worsen across emerging Europe — except for Eurasian oil and gas producers Azerbaijan and Turkmenistan.
Comments come after economist warned spread of a lack of confidence to Turkey's banking and financial system could trigger “major systemic crisis”.
Avolon among launch customers for up to 1,000 zero-emission electrical vertical takeoff and landing (eVTOL) aircraft being developed by New York-listed Vertical Aerospace.
Russia has decided to "drastically reduce combat operations" around the capital Kyiv and the northern city of Chernihiv, its deputy defence minister said in a breakthrough during peace talks being held in Istanbul on March 29.
Mega airport is PPP project. Erdogan administration has provided $153bn in income guarantees to PPP projects. Not one is self-financing to date.
Top Erdogan aide says Ankara won't consider sending S-400 missiles to Ukraine unless US lifts block on F-35 jet deliveries and sends Turkey Patriot batteries.
Russia loses from war in Ukraine, even if it wins. China wins from the war irrespective of whether Russia wins or loses. The US also wins from both a Russian victory and a defeat, but its win is less if Russia wins. Everyone else loses.
Global food prices are poised to keep climbing even after jumping to a record in February, placing the heaviest burden on vulnerable populations while adding to headwinds for the global economic recovery.
In the long term Russia will be reduced to a raw material exporter that has to export regardless of price because they need the cash, argues Christof Rühl.