Turkey

Erdogan candidate suffers thumping defeat in Istanbul revote

Akin Nazli in Belgrade June 23, 2019

Sensational victory for opposition's Imamoglu. How strongman president reacts to second humiliation now the question in earthquake for Turkish politics.

Istanbul revote: Erdogan’s ‘Ocalan’ strategy to win over Kurds looks like a dud

Akin Nazli in Belgrade June 21, 2019

Turkey tense ahead of controversial June 23 poll with strongman’s strategies for reclaiming the city seemingly failing at every turn.

Why it’s tempting to think the Istanbul revote will bring about the end of Erdogan

Akin Nazli in Belgrade June 20, 2019

If this Machiavellian survivor loses, things might soon entirely unravel in a snap election. If he wins, it might be at the cost of hugely tarnishing his democratic legitimacy.

Credibility of Turkey’s inflation data questioned by opposition motion put to parliament

bne IntelliNews June 19, 2019

MP asks finance minister Albayrak if he has asked the statistics institute to adjust consumer price rise figures in a “fictional” way. Adds that incorrect numbers would wrong millions of workers by restricting pay hikes.

RATINGS ACTION: Moody’s cuts 18 Turkish banks in wake of surprise sovereign downgrade

bne IntelliNews June 19, 2019

Rating agency sees Erdogan administration as unwisely focused on near-term priority of “propping up economic activity at expense of eroding underlying resilience of economy and banking system to external shocks”.

Erdogan comes roaring back into Istanbul revote picture

bne IntelliNews June 18, 2019

Hits out at ousted mayor describing him as a “Gulenist”. Makes intervention after key figure urges Kurds to vote against ruling party candidate and following televised debate which some observers say did not go well for the president’s man.

Turkish industrial production contracts for 8th straight month

Akin Nazli in Belgrade June 18, 2019

Fall is worse than predicted. Analysts weigh up whether Turkey can avoid double-dip recession.

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