Turkey

Turkey evacuates thousands of tourists amid hellish wildfire scenes

bne IntelIiNews July 31, 2021

Heat intensity of infernos measured with satellite data reportedly four times higher than anything on record for the nation.

Georgia may be most homophobic country in Europe data suggests

bne IntelIiNews July 28, 2021

Orthodox Christian priests participated in riot that caused cancellation of Tbilisi Pride, but research suggests homophobia is prevalent throughout Georgian society. Turkey ranked second most homophobic.

Azerbaijan’s top cleric under fire for pro-Iran remarks

Ulkar Natiqqizi for Eurasianet July 27, 2021

The remarks earned the country’s senior Islamic official a rebuke from a senior adviser to Turkey’s president and a smear campaign in Azerbaijani pro-government media.

bneGREEN: EU takes carbon pricing initiative with CBAM

bne IntelliNews July 27, 2021

The EU on 14 July unveiled the details of its proposed Carbon Border Adjustment Mechanism, which aims to protect EU CO2 emitters from carbon leakage by making exporters to the EU market pay for the CO2 they produce.

Erdogan prepares to crack down on Turkey’s increasingly influential independent media

bne IntelIiNews July 25, 2021

Announcement of impending regulation comes amid smear campaign against outlets receiving financial support from US-based Chrest Foundation.

Erdogan’s relations with West in danger of renewed deterioration in ‘Varosha’ row

bne IntelIiNews July 23, 2021

Merkel remarks that she “wants close relations with Ankara, but does not anticipate Turkey's accession to the EU”.

Turkey extends 'undeclared state of emergency'

Akin Nazli in Belgrade July 22, 2021

Erdogan administration has in fact held on to emergency regime powers ever since the failed July 2016 coup attempt. Yet a lot of reporting on the country fails to take that into account.

New rector at Istanbul university at centre of Erdogan protests expected to be ‘harsher’

Akin Nazli in Belgrade July 21, 2021

New acting appointee dismisses outspoken academic and declines to approve autumn semester classes that were to be taught by a dissident lecturer. Demonstrations at university are continuing.

bneGREEN: Global investors turn to green energy and away from fossil fuels

Richard Lockhart in Edinburgh July 21, 2021

The world’s largest global debt and equity investors are continuing to invest in renewable energy despite the pandemic, driven by the wealth of investment opportunities, the Institute for Energy Economics and Financial Analysis said.

Turkmenistan: Going for gold

Akhal-Teke: Eurasianet July 20, 2021

Ashgabat has great confidence these days in its Europe-bound exports. Plus, a mysterious tragedy on the Afghan border. Eurasianet's weekly Turkmenistan briefing.

Turkey extends financial restructuring law by two years

Akin Nazli in Belgrade July 20, 2021

If creditors covering 2/3 of a syndicated loan agree to a restructuring with the debtor, the other creditors can be obliged to go along with the deal. Forbearance measures, meanwhile, make it impossible to track lending to Turkish real sector.

UK waste exporters welcome Turkey U-turn on accepting shipments of plastics

Akin Nazli in Belgrade July 18, 2021

Campaigners, who say such waste is being dumped and burned, say it is concerning Turkish government has so quickly succumbed to industry lobbying.

bneGREEN: Drought causes mass livestock die-offs and irrigation water shortages in Central Asia

bne IntelIiNews July 15, 2021

Studies detect shifts in precipitation patterns in the Tian Shan mountains that supply region with much of its freshwater.

Erdogan’s calls for rate cuts unmet as Turkey’s central bank sticks to 19% benchmark

bne IntelIiNews July 14, 2021

Regulator cites risks in inflation outlook. Denied cheaper money, president may now turn to selling rapid rebound in economy.

bneGREEN: BlackRock raises $250mn to fund climate transition in emerging markets

Richard Lockhart in Edinburgh July 13, 2021

BlackRock has raised $250mn from a consortium of ten institutional investors, governments and charities for its flagship blended finance fund, which aims to help emerging market economies reduce carbon emissions.

bneGREEN: EU carbon pricing set for radical reforms

Richard Lockhart in Edinburgh July 13, 2021

The European Commission is to publish legislation on July 14 that will detail the EU’s plans, dubbed “Fit for 55,” to reduce greenhouse gas emissions by 55% from 1990 levels by 2030 as part of wider reforms to European energy and climate laws.

Turkey ‘reverses ban on PE based recycled plastic imports’

bne IntelIiNews July 12, 2021

Attempts by Turkish plastics recyclers to show economic damage caused by barring waste imports from UK and other nations appear to have won out over environmental considerations.

US withdrawal from Afghanistan adds thousands to migrant numbers arriving in Turkey

Akin Nazli in Belgrade July 12, 2021

Young men fleeing Taliban via mountainous trek. Bus carrying migrants overturns, killing 12.

bneGREEN: CEE surfs the green bond wave

Robert Anderson, and bne IntelliNews reporters July 9, 2021

Issuance has been impressive but in some countries green bonds are still to get off the ground, while in others there is a shortage of high-yield, local currency or 'dark green' issues.

Founder of Turkey’s Hepsiburada becomes country’s latest billionaire by listing her webstore

bne IntelliNews July 8, 2021

When Turkish online retailer Hepsiburada (HEPS) listed on Nasdaq on July1, it propelled its chairwoman and founder, Hanzade Dogan Boyner, to billionaire status

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