Turkey

ISTANBUL BLOG: Critics seize on Turkey’s silence in face of Israel-Iran crisis

Akin Nazli in Belgrade April 15, 2024

Shadow foreign minister “astonished” regional power Ankara has nothing to say. Observers think Erdogan officials fear derailing of attempt at economic recovery.

ISTANBUL BLOG: Erdogan drone boys become Forbes billionaires

Akin Nazli in Belgrade April 12, 2024

To some, Selcuk Bayraktar is seen as the likely next Turkish president. But staying out of trolling spats over Israel “deliveries” might be good advice for young pretender to the throne.

Belarus the latest European country to suspend the Treaty on Conventional Armed Forces in Europe

bne IntelliNews April 10, 2024

Belarus President Alexander Lukashenko has ordered the suspension of Belarus’ participation in the Treaty on Conventional Armed Forces in Europe (CFE) on April 5, as Belarus continues to militarise and keep its ties with Russia tight.

Turkey hits Israel with trade restrictions after months of “words not action”

bne IntelliNews April 9, 2024

Tit-for-tat commerce war under way as Israelis vow response. Ankara says export bans to apply until Gaza ceasefire is announced.

Turkish holidays sold with butt lifts and tummy tucks alarm UK advertising regulator

bne IntelliNews April 9, 2024

Ads appear to breach rules by trivialising risk of cosmetic operations.

ISTANBUL BLOG: Fenerbahce players walk out on Turkish football. The mafiosi are not about to join them

Akin Nazli in Belgrade April 8, 2024

Country’s soccer fans used to seeing criminals sat in the first row of the VIP seats.

Smarter US sanctions seen driving down Turkey-Russia trade

bne IntelliNews April 7, 2024

Turkish exports to Russia fall one third in first quarter.

Turkey cancels visa-free travel for Tajiks as Tajikistan rejects Kremlin’s claims Ukraine recruits mercenaries in Dushanbe

bne IntelliNews April 7, 2024

Moscow’s assertion has no basis in fact, says Tajik foreign ministry.

Turkish exporters demand dual exchange rate system, push for 40 to dollar minimum

Akin Nazli in Belgrade April 6, 2024

IHBIR trade group says companies forced to sell 40% of FX revenues to central bank at rate far behind inflation.

Turkey’s official March annual inflation up 2 pp at 69% y/y, but monthly figure falls again

Akin Nazli in Belgrade April 3, 2024

ENAG’s alternative headline figure calculated at 125% y/y.

Turkey manufacturing recorded at 50.0 neutral mark by March PMI

bne IntelliNews April 2, 2024

If demand trend continues, growth-building momentum could be seen in second quarter.

Local elections victory is Turkish main opposition party’s first national polls win since 1977

bne IntelliNews April 1, 2024

AKP loses 11 cities it controlled since last municipal vote. For ruling party, big consolation is that next general election is not due until 2028.

ISTANBUL BLOG: Social media swings from depression to mania on local election results

Akin Nazli in Belgrade April 1, 2024

Erdogan “defeat” provides further illustration of how no-one even remembers what was said five minutes ago.

Turkey’s opposition sweeps to big city victories in local elections, dealing blow to Erdogan

bne IntelliNews March 31, 2024

CHP party now faces challenge to re-energise and seek avenue to snap polls that could bring down regime. Next scheduled major vote is not until 2028.

ISTANBUL BLOG: Turkey to decide who will collect garbage in unglamorous local polls

Akin Nazli in Belgrade March 29, 2024

The idea that Erdogan can be dislodged was crushed in last year’s general election. Despite the media fuss, let’s not kid ourselves.

All eyes on Imamoglu’s bid to hold Istanbul in Turkey's local elections

bne IntelliNews March 28, 2024

Though the opposition coalition has dissolved in disarray, the CHP mayor will aim to keep the anti-regime flame burning.

World Meteorological Organisation issues ‘red alert’ on climate crisis

bne IntelliNews March 27, 2024

The UN’s World Meteorological Organisation has issued a “red alert” on the climate crisis, citing unprecedented increases in 2023 in greenhouse gases, land and water temperatures and melting of glaciers and sea ice.

COMMENT: Overheating in Russia and Turkey, but CEE recovering

Ben Aris in Berlin March 27, 2024

The economies of Central and Eastern Europe (CEE), which experienced a period of stagnation last year, are poised for a modest revival in 2024, but both the Russian and Turkish economies are already overheating.

Moscow terror attack suspects likely received instructions in Turkey, Russian daily reports

Akin Nazli in Belgrade March 25, 2024

Ankara confirms two of accused entered Turkey, but denies they were radicalised while there.

Where water stress will be highest by 2050

Martin Armstrong for Statista March 24, 2024

Water is not only the basis of life for animals and plants but is also likely to become a contested resource in parts of the world in the coming decades, reports Statista.

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