Turkey
“Disappointing” PMI data shows solid scaleback of Turkish manufacturing in January
No take-off as demand conditions remain subdued.
Turkey's official headline inflation slows to 42% y/y in January
"Unofficial" calculation from ENAG shows figure of 81%. Monthly inflation moves up partly on minimum wage hike.
Uzbekistan to acquire ANKA combat drones from Turkey
News comes as US defence contractor CEO urges Elon Musk to help battle Turkish dominance on world UAV market by ending sluggish bureaucracy.
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Musk urged to knock Turkish drones out of global market
US defence contractor also calls on DOGE supremo to take aim at Israeli, Chinese UAVs by boldly removing sluggish bureaucracy.
Turkey awards 1.2 GW of wind power deals in tenders
$1.2bn will be invested in building five plants. Winners awarded grid connections for 49 years.
Sweden’s Aonic invests $10mn in Turkish game developer Mega Fortuna
Amid current monetary easing cycle, interest among investors in Turkey's game studios is on the rise again.
Syria removed customs tariffs after inflation warning from Turkey, says Turkish trade minister
Some analysts will take claim as more evidence Ankara has huge influence on new government emerging in Damascus.
Turkish opposition to name presidential candidate early in pushback against judicial crackdown
Another judicial investigation started into Istanbul mayor Imamoglu, widely expected to win nomination to challenge president Erdogan.
ISTANBUL BLOG: Making a fool of law
Turkey continues to simply ignore European court rulings not to its liking.
Turkey’s role in European security on agenda as top diplomats of Ankara, EU meet
Donald Trump policies could set in motion an attempt at reconfiguring relations.
Istanbul-listed contractor Enka to build Essar's 350-MW hydrogen plant in UK for GBP 529mn
Installation will form part of HyNet industrial decarbonization cluster at Stanlow Refinery in Ellesmere Port.
Turkey delivers another 250bp rate cut in line with expectations
Moderation in domestic demand, real appreciation in the lira and improvement in inflation expectations remain on track.
Turkish Airlines resumes Damascus flights after 13-year hiatus
The first Turkish Airlines flight in 13 years landed in Damascus on January 23, carrying 345 passengers including the airline's CEO Bilal Eksi.
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Trump issues anti-wind executive order
President Donald Trump quickly issued an unexpectedly sweeping executive order that prevents federal government involvement in permitting of all offshore and onshore wind projects, including on private onshore land.
Trump withdraws US from Paris Agreement
President Donald Trump wasted no time withdrawing the US from the Paris Agreement merely hours after being sworn-in on January 20.
Turkey's M&A volume up 35% y/y to $10bn in 2024 says KPMG
Country's telecom, industrial production and automotive companies said to be popular when it comes to potential transactions.
66 dead as fire engulfs ski resort hotel in Turkey
At least two die after jumping from windows. Some reports say blaze detection system did not function.
COMMENT: With Trump back in the White House, Europe may need to turn to Turkey to strengthen its security
Analyst suggests EU cannot hope to deter Russia effectively without closer cooperation with Ankara.
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Syria says staging grounds for attacks on Turkey will be thing of the past
In visit to Ankara, Damascus’ new top diplomat takes on thorny issue of Kurdish-held territory in Syrian northeast.
Number of Turkish energy M&As edges up to 30 in 2024
Volume of transactions, however, contracts 44% y/y to $1bn from $1.8bn in 2023.