Turkey

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.

Israel incensed as Erdogan vows to ‘send Netanyahu to Allah’

bne IntelliNews March 22, 2024

Turkey’s envoy summoned to foreign ministry for “serious reprimand”. Top diplomat tells Turkish leader “there is no God who will listen” to those who support Hamas atrocities.

Analysts assess “early confidence shock” delivered by Turkey’s surprise rate hike

bne IntelliNews March 21, 2024

Country’s new economic policies have so far not triggered sufficient foreign portfolio inflows “to create the virtuous cycle the reform team need”, says economist.

Turkey dazzles market with additional 500bp rate hike to 50%

bne IntelliNews March 21, 2024

Central bank also widens spread in overnight lending channel. Authority has been pushing local banks to borrow from the funding facility.

No punitive action from Council of Europe against Turkey in Kavala and Demirtas cases

bne IntelliNews March 20, 2024

Despite calls for a tough move, human rights body opts to pursue more dialogue over Erdogan regime’s refusal to release philanthropist and Kurdish politician.

Football fan Erdogan’s team Fenerbahce considers Turkish top league walkout

bne IntelliNews March 19, 2024

Club puts shock move on agenda after violence against players by fans who invaded pitch at end of match.

Cheap coal from Putin fires Turkey up the dirty power generation league

Akin li in Belgrade March 18, 2024

Country dislodges Poland from second spot in Europe for electricity made with coal. Ankara took advantage of lower Russian shipment prices caused by EU embargo.

Three billion people will live in uninhabitable zones by 2070

bne IntelliNews March 18, 2024

It's predicted that 3bn people will live in zones that have been made uninhabitable (black areas) by 2070, say scientists.

Disappearances raise fears over Turkey and Central Asia regimes stepping up collaboration in transnational repression

bne IntelliNews March 14, 2024

Two Tajik dissident activists vanish without a trace. Rights defenders point to frightening frequency of state kidnappings.

Ukraine court orders seizure of Turkcell units over oligarch Fridman links

Akin Nazli in Belgrade March 11, 2024

Company controlled by Turkey’s sovereign wealth fund argues Russian businessman has no influence over its Ukrainian subsidiaries.

Closing gender gap in workforce could double global growth rate says World Bank

Clare Nuttall in Glasgow March 8, 2024

Countries in Central and Eastern Europe and Eurasia have a lower gender gap than the global average but only Latvian women have equal legal standing with men.

Energy-related CO2 emissions increased last year, but slower than in 2022, says IEA

bne IntelliNews March 6, 2024

In 2023, global CO2 emissions from energy rose at a slower pace compared with the previous year.

Turkmenistan: Kabul market

bne IntelliNews March 5, 2024

Afghanistan wants to show it is open for business and is willing to be a good neighbour. This and more in this week's Eurasianet Akhal-Teke Bulletin.

Investors ramp up pressure on Turkey for more rate hikes

bne IntelliNews March 5, 2024

Calls follow latest inflation readout and warning from MIT economist that monetary policy is not tight enough to achieve the disinflation goal, with the benchmark still negative.

Turkish terminal freezes Russian oil business

bne IntelliNews March 5, 2024

Mediterranean facility Dortyol recently sprung to attention when US senators claimed “masked Russian oil” supplied via facility even ended up in US warships.

Turkey’s official headline inflation moves up to 15-month high of 67% in February

Akin Nazli in Belgrade March 4, 2024

Central bank watching for lagged effects of rate hikes that have taken benchmark to 45%.

ISTANBUL BLOG: Quick dive into Turkey’s monetary madness

Akin Nazli in Belgrade March 3, 2024

How did the country’s policy rate become idle on the sidelines? Given the Turkish economic mess, several explainers are needed, but here’s one.

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