Turkey

Turkish officials post October inflation at 20%, Istanbul academics calculate 50%

Akin Nazli in Belgrade November 3, 2021

With markets on edge over ill-advised further rate-cutting ahead, analysts on alert over possible balance of payments crisis on horizon.

bneGREEN: COP26 finds renewed commitment to 1.5°C

Richard Lockhart in Edinburgh November 3, 2021

The US has joined the High Ambition Coalition and has signed up to the goal of limiting global warming to 1.5°C by 2100, halving global emissions by 2030 and making good on the promise of $100bn per year of climate finance for poor nations.

Signs of Turkish manufacturing slowdown on supply chain difficulties seen in November PMI data

bne IntelIiNews November 1, 2021

Supply constraints “have really started to bite now”, actively limiting output and new order volumes, says IHS Markit economics director.

THE VIEW FROM MITTELEUROPA: German traffic light coalition could worsen frictions with CEE

Marcus How and Gunter Deuber in Vienna November 1, 2021

A new centre-left government in Berlin could help create a two-tier Europe, especially if it promotes rule of law penalties.

bneGREEN: Mixed outlook for COP26 as leaders embark on search for agreement

Richard Lockhart in Edinburgh November 1, 2021

COP26 is trying to put flesh on the bones of the targets and promises made at the 2015 Paris meeting.

Turkey now Ukraine’s top foreign investor, with already booming free trade set to grow further

Cameron Jones in Kyiv November 1, 2021

Ukraine’s trade volume with Turkey can double to $10bn per year if the details on a long-awaited free trade deal are straightened out after years of negotiations.

Erdogan reportedly pulls out of COP26 after security downgrade

bne IntelIiNews October 31, 2021

British organisers said to have put restrictions on size of Turkish delegation and motorised vehicles.

ISTANBUL BLOG: Turkey’s come up with a new inflation theory. Please keep a straight face

Akin Nazli October 29, 2021

Erdogan and Biden won’t be short of topics to talk about when they meet in Glasgow. But the former should spare the latter a dose of macro.

Kremlin issues warning after Kyiv uses Turkish drone in eastern Ukraine strike

bne IntelIiNews October 27, 2021

Bayraktar T2B said to have destroyed Russian-made howitzer in separatist-controlled area. Russia says uses of battlefield technology risks destabilising conflict situation.

bneGREEN: UN warns that net-zero pledges are insufficient and not urgent enough

By Richard Lockhart in Edinburgh October 27, 2021

A majority of G20 net-zero pledges made so far are not strong enough and are not backed up by meaningful and effective promises of action.

FX outlets in Turkey to stop trading in protest at new ID rule

bne IntelIiNews October 27, 2021

Government made move amid fresh wave of lira depreciation that took currency to just short of 10 to the dollar.

bneGREEN: EU MEPs back binding methane targets

bne IntelliNews October 25, 2021

In a resolution on the EU’s strategy for cutting methane emissions, MEPs voted 563 to 122 in favour of introducing binding measures and targets on methane abatement, in order to significantly reduce emissions by 2030, in line with Paris goals.

Erdogan orders 10 western ambassadors declared persona non grata after ‘impudent’ Kavala release call

bne IntelIiNews October 23, 2021

Move may prove to be nothing more than rhetoric. An election is not far off and Erdogan, under pressure on many fronts, is floundering in the opinion polls.

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