Turkey

‘Bark Map’ social media app causes outcry in Turkey after spike in number of poisoned street dogs

bne IntelIiNews August 24, 2022

Same people behind platform previously targeted street cats, activists claim.

Turkish President Erdogan calls for Crimea to be returned to Ukraine

bne IntelliNews August 24, 2022

Turkish President Recep Tayyip Erdogan said that Russia’s annexation of the Crimea peninsula in 2014 was “illegal” and that it should be returned to Ukraine during the Crimea summit on August 23.

Toxic materials warning as Brazilian aircraft carrier sets sail for date with Turkish shipbreaker

bne IntelIiNews August 23, 2022

Activists hit out at “rush by Brazilian government to get out to sea without checking to see if Turkey has laws against such import”.

ING: Double-digit eurozone inflation within touching distance and there is nothing the ECB can do about it

Bert Colijn, Carsten Brzeski August 23, 2022

Supply shocks continue to plague the eurozone economy, causing inflation to show few signs of abating in the short run.

Turkey hosting huge influx of holidaying Russians

bne IntelIiNews August 22, 2022

While much of Europe debates whether to ban Russian tourists, the Turks have been laying on charter flights from Russia at every turn.

ISTANBUL BLOG: Turkey doubles oil imports from Russia. What gives?

Akin Nazli in Belgrade August 22, 2022

The West watches on as Erdogan scorns sanctions on the Kremlin. If the law of the trade-off holds, don’t expect any action.

Turkey brings in more macroprudential measures to force down loan rates

Akin Nazli in Belgrade August 21, 2022

Erdogan administration again tinkers with economy creaking with key interest rate of 13%, official inflation at 80% and bank lending rates heading north.

Nightmare scenarios haunt Turks as Syrian Kurds carry out military assaults on Turkish soil

Akin Nazli in Belgrade August 19, 2022

Attacks come as Turkey’s president Erdogan prepares country for another dizzying U-turn when it comes to Syrian counterpart and foe Assad.

The economic war with Russia has already cost the West $380bn

Ben Aris in Berlin August 19, 2022

The economic war that the West launched against Russia in the days following the invasion of Ukraine has already cost developing nations $379bn, analysts estimate.

bneGREEN: Europe pays spiralling LNG prices to fill storages

Richard Lockhart in Edinburgh August 18, 2022

Europe’s efforts to fill its gas reserves ahead of the coming winter could come with a hefty price tag, as global LNG price have reached up to 10 times their normal levels as the continent scrambles for available cargoes.

Turkey introduces shock rate cut with ‘Erdoganomics’ again confounding markets

Akin Nazli in Belgrade August 18, 2022

Inflation at 80% and collapse of lira not enough to persuade palace administration to desist.

COMMENT: Turkey moves closer to Russia, but is immune to Western sanctions

Denis Cenusa in Germany August 17, 2022

Since the war in Ukraine started Turkish President Recep Tayyip Erdogan has deftly placed himself between the two warring parties and made himself indispensable to both. Turkey hopes to increase its geopolitical clout and tap the Russian market.

Latest data on Turkey’s trade with Russia sure to irk West

bne IntelIiNews August 16, 2022

Turkish exports to Russian markets grew 46% y/y over May to July. Some Western capitals said to have requested information from Ankara on its relationship with the Kremlin.

Moody’s downgrades Turkey to six notches below investment grade

Akin Nazli in Belgrade August 13, 2022

Increasingly unorthodox policies from Erdogan administration unlikely to restore macroeconomic stability, says rating agency.

Home of the humbled lira, Turkey’s the biggest cryptocurrency market in the Middle East

Justine Mazonier August 11, 2022

Up to a fifth of Turks appear to have invested in digital money in the past two years.

Envoy says start made on construction of Turkish attack drone factory in Ukraine

bne IntelIiNews August 9, 2022

Kremlin responds that plant would obviously be target for its missiles.

Dollarisation in Turkey smashing records

Akin Nazli in Belgrade August 9, 2022

Despite the authorities’ demand for ‘lira-isation’ few Turks have any real faith in the national currency as inflation runs riot.

Western capitals wonder what kind of sanctions deal Erdogan may have cooked up with Putin

bne IntelIiNews August 7, 2022

Mindful of Turkey’s own economic and strategic interests—and his poor re-election prospects—the Turkish leader met his Russian counterpart in Sochi.

Turkey’s port warehouses reportedly packed full with goods bound for Russia

bne IntelIiNews August 4, 2022

US said to be wary of Nato member country turning into an anything-goes bolthole for Russians looking to shield business and assets from Western sanctions.

EU gas imports from Russia in charts

bne IntelliNews August 2, 2022

The Bruegel think-tank has published a set of interactive charts that show very clearly how Russian gas imports to Europe this year are well below the historical average.

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