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Turkey’s illiberal economic model will extend further

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TURKEY

Erdogan spoke with pride of imposing additional customs duties to protect domestic industries, cheapening credit and launching a national car project. Economic policies are…

Cypriot bank consolidation may help reduce bad loans

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CYPRUS

The move raises Hellenic Bank’s market share and considerably improves its asset quality, and followed an announcement by market leader Bank of Cyprus on August 28 that it had…

Turkish go-it-alone policy raises currency crunch risk

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TURKEY

It has fallen from about 6.50 at end-March and 5.95 at end-2019. There is speculation about a possible balance of payments crisis due to the COVID-19 pandemic, economic…

Very high inflation may be the new normal in Turkey

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TURKEY

As state-owned banks apparently intervene to support the lira, the Treasury and Finance Ministry has proposed issuing domestic bonds with yields linked to the revenues of state…

Crisis will cut profits, add risks for Turkish banks

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TURKEY

It was a bid to stabilise the lira. Bank deposit and credit rates have already risen sharply, and credit growth has virtually halted. As Turkey’s economic crisis takes hold, the…

Turkey may be edging towards capital controls

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TURKEY

A score below 100 indicates a pessimistic outlook -- the index has not exceeded 100 since March 2018. Increasingly frequent and heavy-handed interventions by the Turkish Central…

Risks are high despite Turkey’s policy 'normalisation'

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TURKEY

With the lira at a record low, the Central Bank continued to tighten monetary policy this week, funding the market through competitive one-month repo tenders at rates of around…

Georgia vulnerable to external factors despite growth

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GEORGIA

Georgian economic developments.

Prospects for Turkey to end-2022

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PROSPECTS H2 2022

Prospects for Turkey to end-2022.