Turkey
Kazakhstan moves uranium exports through Middle Corridor
Kazatomprom said it was avoiding routes across Russia due to sanctions on the country.
Turkey's official headline inflation ends 2022 at 64%, base effect kicks in
Istanbul’s ENAG research group of economists calculates alternative figure of 138% y/y.
Tentative signs of improvement in Turkey’s manufacturing sector shown by December PMI
Demand remains fragile, particularly internationally, but cost pressures not as extreme as earlier in year.
Erdogan scraps retirement age requirement, move is latest pre-election sweetener
Minimum wage boosted 55%. Government-guaranteed credit splurge for small businesses expected.
PANNIER: How Putin may have leant on Turkmenistan to spike gas-for-Europe plan
President Berdimuhamedov may have put Turkish counterpart Erdogan’s nose out of joint by shelving pipeline interconnector proposal.
Outrage at ‘insult’ conviction could secure Imamoglu chance to challenge Erdogan in election
Thousands rally in Istanbul to voice anger at treatment of city’s mayor seen as abuse of democracy.
Turkish defence firm celebrates maiden flight of ‘fighter jet drone’
Baykar hopes to follow up on success of its world-renowned combat UAVs, but not much is yet known about the aircraft’s true capabilities.
Apocalypse 2050: World on course for 15% GDP fall
The world is set to see global GDP plummet by a catastrophic 15% by 2050 if current emissions trends are not reined in and global warming reaches 2.2°C by 2050.
Start of a new super cycle – fat and flat for 2023?
The global economy has been through some enormous changes in recent years, leading investors and analysts to believe we are at the start of a new high-inflation, lower-growth super-cycle that could last for as long as a decade.
Istanbul mayor and Erdogan rival Imamoglu sentenced to jail over ‘fools’ remark
Imprisonment could end prospect of Imamoglu 2023 election run against autocratic president. Other court cases under way could sideline pro-Kurdish party that could serve as kingmaker.
IMF: Global food prices to remain elevated amid war, costly energy, La Niña.
Interest rate hikes have eased price pressures, but the weather, war and material costs could keep food prices elevated for longer,
Analysts say Turkmenistan told US diplomats ‘it’s not interested’ in Caspian gas-to-Europe connector project, wants major pipeline
Ashgabat said to be signalling that “it won’t get out of bed for anything less”.
IMF: Riding the global debt rollercoaster
Global debt remained above pre-pandemic levels in 2021 even after posting its steepest decline in 70 years, underscoring the challenges for policymakers.
NEMETHY: The case for gold today – again
In April 2021 gold was sitting around a price of $1,700; as of December 10, 2022 it is now approaching $1,800. Relative to just about every other asset class, this is not a bad performance.
Turkey's Nasdaq-listed Hepsiburada e-commerce platform agrees $14mn compensation for IPO investors in US
Following the flotation, enterprise chair Hanzade Dogan Boyner became a billionaire, but that status did not last long.
bneGREEN: Renewables finally achieve turbocharged growth
Solar is set to overtake coal as the world’s leading source of power supply by early 2025, the IEA said
Russian coal exports hit fresh highs after EU shipping sanctions were softened
Russian exports of coal have soared to fresh highs after the EU softened sanctions on European shipping companies, allowing them to carry goods worldwide shortly after a ban was imposed in August as part of the fifth package of sanctions.
Turkish exporters fear pre-election minimum wage hike will hit competitiveness
Exporters’ association head also warns that if Turkey maintains a brake on lira depreciation, then the “exports side and the production side comes to a halt”.
Can Russia sneak gas into the EU via a Turkish gas hub?
Russia has been eagerly pushing for the further development of Turkey as a “gas hub” for its gas supplies to Europe. Analysts are asking if this simply a ruse to dodge sanctions and surreptitiously continue to export gas to EU members.
Oil tanker jam forms off Turkey as Russian oil price cap disrupts markets
An oil tanker traffic jam has formed off the Turkish coast after the EU’s introduction of a price cap on global Russian crude supplies, the Financial Times reported on December 5. Turkish authorities are demanding new proof of full insurance cover.
