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.
ENAG inflation research group contends headline figure was 109% y/y, up from April calculation of 105% y/y.
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 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.
How much market orthodoxy Turkish strongman can swallow is now the question.
The commando battalion deployed to address mounting tensions in the region.
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.
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.
Input costs and selling prices, however, continued to rise amid reports of currency weakness.
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.
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.
Analyst notes Erdogan administration's policies as they stand will keep macro imbalances large and raise risks to growth.
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.
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.
Prospect of removing the Erdogan regime at the ballot box appears to have gone for ever.
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.
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 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.
As strongman defies the odds to hold on to power, jailed opponent Demirtas warns “a huge operational force has taken over the state”.
As official results announced, challenger Kemal Kilicdaroglu gives fiery speech calling for fight against authoritarian regime and for a true democracy.