Turkey
COMMENT: Did ballot box fraud deliver Erdogan his election win? The theory is not disproven
The strongman’s comfortable victory despite his wrecking of Turkey’s economy defied logic. But what if there is one piece of logic that's not been amply considered.
Turkey releases official May inflation a touch below 40%
ENAG inflation research group contends headline figure was 109% y/y, up from April calculation of 105% y/y.
Turkey braced for Russian tourist invasion following Erdogan victory
Turkey is getting a ready for an unprecedented invasion of about 7mn Russian tourists this summer in the wake of Recep Tayyip Erdogan’s re-election as president.
Prime Minister Orban flies to Ankara for Erdogan’s swearing-in ceremony
Prime Minister Viktor Orban attended the inauguration ceremony of Turkish President Recep Tayyip Erdogan on June 3, the only representative of an EU member country to do so. No information was released on the informal talks between the two leaders.
‘Orthodox’ Simsek gets finance post in Erdogan’s new cabinet
How much market orthodoxy Turkish strongman can swallow is now the question.
Turkey deploys commandos in Kosovo after violent protests
The commando battalion deployed to address mounting tensions in the region.
Istanbul-listed Garanti BBVA renews syndicated loan at 73% rollover rate
Benchmarks are painfully high as SOFR remains above the 5%-level, compared to the 0.05% seen in October 2021, while 12-month Euribor is testing the 4%-level, compared to the minus 0.5% recorded in October 2021.
Signs of darker regime to come emerge in Erdogan’s first week as re-elected president
Jailed Kurdish leader Demirtas withdraws from politics. State regulator goes after opposition TV channels for “insults”. Ultranationalists naming their price for support given to strongman’s ruling party.
PMI shows Turkey’s manufacturing recovery sustained in May
Input costs and selling prices, however, continued to rise amid reports of currency weakness.
Turkmenistan: Karakum as you are, as you were
The authorities suffer from a case of misplaced priorities in thinking about the future. This and more in this week's Eurasianet Akhal-Teke Bulletin.
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VISEGRAD BLOG: Macron makes the weather in Eastern Europe
The French president tried to persuade sceptical East Europeans that they had nothing to fear from a Europe that was more self-reliant in security – and he almost pulled it off.
Turkey posts official 1Q23 GDP growth of 4%
Analyst notes Erdogan administration's policies as they stand will keep macro imbalances large and raise risks to growth.
Markets hold breath as Erdogan meets Simsek ‘the orthodox’.
Investors may be encouraged that start could be made on fixing Turkey’s collapsing economy if former finance minister returns to the cabinet. The lira, meanwhile, is back on the slide.
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bneGREEN: Clean energy investment is extending its lead over fossil fuels – IEA
Investment in clean energy technologies is significantly outpacing spending on fossil fuels as affordability and security concerns triggered by the global energy crisis strengthen the momentum behind more sustainable options, according to the IEA.
ISTANBUL BLOG: Turkey heads for darker waters
Prospect of removing the Erdogan regime at the ballot box appears to have gone for ever.
How an eleventh hour promise showed the game was up for Turkey’s Kilicdaroglu
Detractors have long argued he was the wrong man to take the fight to Erdogan, but he’s yet to hint that he’ll quit as leader of the opposition following the weekend election defeat.
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Stockholm says Sweden and Turkey’s top diplomats to meet ‘soon’ on Nato expansion
Hopes rise Turkish president will clear way for Swedish membership of defence bloc now that his country's elections are over and done with.
THE VIEW FROM MITTELEUROPA: Turkish result shows that 'all for one and one for all' is rarely the best tactic to bring down a strongman
The failure of the Nation Alliance under optimal conditions shows that 'big tent' coalitions under a single list often do not succeed in extending the opposition's reach.
Re-elected Erdogan says ‘century of Turkey’ ahead, while Kilicdaroglu invokes fear of what’s to come
As strongman defies the odds to hold on to power, jailed opponent Demirtas warns “a huge operational force has taken over the state”.
TURKISH ELECTION LIVE: Erdogan wins presidential run-off (As it happened)
As official results announced, challenger Kemal Kilicdaroglu gives fiery speech calling for fight against authoritarian regime and for a true democracy.
