Turkey

Kazakhstan moves uranium exports through Middle Corridor

Joanna Lillis for Eurasianet January 4, 2023

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

Akin Nazli in Belgrade January 3, 2023

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

bne IntelIiNews January 2, 2023

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

bne IntelIiNews December 29, 2022

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

Bruce Pannier December 19, 2022

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

bne IntelIiNews December 16, 2022

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’

bne IntelIiNews December 15, 2022

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

Richard Lockhart in Edinburgh December 15, 2022

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?

Ben Aris in Berlin December 15, 2022

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

bne IntelIiNews December 15, 2022

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.

Ervin Prifti . December 14, 2022

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

Will Conroy in Prague December 13, 2022

Ashgabat said to be signalling that “it won’t get out of bed for anything less”.

IMF: Riding the global debt rollercoaster

Vitor Gaspar Paulo Medas and Roberto Perrelli for the IMF December 13, 2022

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

Les Nemethy CEO and founder of Euro-Phoenix Financial Advisors December 12, 2022

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

Akin Nazli in Belgrade December 10, 2022

Following the flotation, enterprise chair Hanzade Dogan Boyner became a billionaire, but that status did not last long.

bneGREEN: Renewables finally achieve turbocharged growth

Richard Lockhart in Edinburgh December 9, 2022

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

bne IntelliNews December 8, 2022

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

bne IntelIiNews December 6, 2022

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?

bne IntelliNews December 6, 2022

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

bne IntellliNews December 6, 2022

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.

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