Turkey

Kremlin issues warning after Kyiv uses Turkish drone in eastern Ukraine strike

bne IntelIiNews October 27, 2021

Bayraktar T2B said to have destroyed Russian-made howitzer in separatist-controlled area. Russia says uses of battlefield technology risks destabilising conflict situation.

bneGREEN: UN warns that net-zero pledges are insufficient and not urgent enough

By Richard Lockhart in Edinburgh October 27, 2021

A majority of G20 net-zero pledges made so far are not strong enough and are not backed up by meaningful and effective promises of action.

FX outlets in Turkey to stop trading in protest at new ID rule

bne IntelIiNews October 27, 2021

Government made move amid fresh wave of lira depreciation that took currency to just short of 10 to the dollar.

bneGREEN: EU MEPs back binding methane targets

bne IntelliNews October 25, 2021

In a resolution on the EU’s strategy for cutting methane emissions, MEPs voted 563 to 122 in favour of introducing binding measures and targets on methane abatement, in order to significantly reduce emissions by 2030, in line with Paris goals.

Erdogan orders 10 western ambassadors declared persona non grata after ‘impudent’ Kavala release call

bne IntelIiNews October 23, 2021

Move may prove to be nothing more than rhetoric. An election is not far off and Erdogan, under pressure on many fronts, is floundering in the opinion polls.

Erdogan goes high-voltage with another rate cut

Akin Nazli in Belgrade October 21, 2021

Wayward monetary policy dives deeper into uncharted territory. Turkey may be in for a “hardcore” crisis. The Erdogan succession talk is growing louder.

bneGREEN: G7 could set green example for rest of world

By Richard Lockhart in Edinburgh October 21, 2021

G7 countries have the potential to reach net zero in the power generation sector by 2035 and spur decarbonisation in other economies and sectors.

Balkan Stream countries hope to avoid worst of international gas crisis

Clare Nuttall in Zagreb October 21, 2021

While the debate rages over the Nord Stream 2 pipeline, a separate pipeline system carrying Russian gas to Southeast Europe has been quietly opened over the last few years, which enables the countries on its route to avoid the worst of the gas crisis

wiiw hikes 2021 CEE growth forecast to 5.4%

Robert Anderson in Prague October 21, 2021

Growth is predicted to fall to 3.7% in 2022 and 3.5% in 2023 because of base effects, monetary tightening and more significant external headwinds.

UK ‘tells trapped Afghan interpreters to escape on their own’

bne IntelIiNews October 20, 2021

Advice reportedly seen in emails tells former employees who served British armed forces to “actively consider evacuating to a third country”. Former UK government aid programme manager calls situation “morally indefensible”.

Ecosphere says Turkey’s net zero emissions by 2053 target looks entirely unrealistic

bne IntelIiNews October 18, 2021

"We do not know based on what study or report the target has been set," says group, adding that it may simply turn into a “net dream”.

ISTANBUL BLOG: Erdogan takes down three more MPC members

Akin Nazli October 14, 2021

Yet another late-night decree from the presidential palace.

bneGREEN: Governments still woefully short of IEA’s net-zero requirements

By Richard Lockhart in Edinburgh October 13, 2021

Governments need to smash the stubborn dominance of fossil fuels if the world is to reach net zero by 2050, despite the rapid development of green technologies, the IEA warns.

Turkish lira drops through 9

bne IntelIiNews October 11, 2021

Sinking currency partly reflective of president Erdogan’s “failure to accept economic gravity” says one analyst.

Russia proposes “3+3” format to unlock economic and transport communications in Caucasus

bne IntelIiNews October 6, 2021

Moscow’s move comes amid high tensions as Iran, Azerbaijan and Turkey flex muscles with military exercises.

Azerbaijan shuts office of Iranian supreme leader’s Baku representative as war game tensions mount

bne IntelIiNews October 5, 2021

Azerbaijan and close ally Turkey set to hold “Indestructible Brotherhood” military drills in Azerbaijani exclave Nakhchivan in seeming response to Iranian manoeuvres.

ISTANBUL BLOG: Why for the world’s most expensive iPhone 13s it's Erdogan’s Turkey and Bolsonaro’s Brazil

Akin Nazli October 5, 2021

Both are dab hands at bagging indirect taxes.

Turkey records September inflation at 19.6% while Istanbul academics calculate 44.7%

Akin Nazli in Belgrade October 4, 2021

Using “core” inflation, central bank seems set to plot its way to further rate cuts.

Turkish manufacturing clocks more growth but slows in September PMI data shows

bne IntelIiNews October 4, 2021

IHS Markit notes some reports of safety-stock building to guard against ongoing supply chain disruption.

bneGREEN: SEB puts $4 trillion annual price tag on net zero

By Richard Lockhart in Edinburgh October 1, 2021

SEB’s latest Green Bonds Report has placed a price of $4 trillion per year on the energy transition if the world is to reach net zero by 2050.

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