21 Dec 2018
Turkey: Following the sharp lira depreciation, external rebalancing is under way. Will it last?
Latest economic developments
COUNTRY: Turkey
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02 Jul 2018
Change of OECD premium categories for medium- and long-term transactions
In accordance with the country risk classifications of the OECD Arrangement, Credendo – Export Credit Agency has upgraded the premium categories ...
22 May 2018
Turkey: Turkish lira under pressure
Event In the context of a strengthening US dollar, rising US interest rates and increasing oil prices, the Turkish lira is again under severe ...
COUNTRY: Turkey
01 Dec 2017
Turkey: Turkish Lira again under pressure
Event Since September 2017, the Turkish Lira is again under pressure (cf. graph). End November, lira deprecation was driven by confirmation that a ...
COUNTRY: Turkey
04 May 2017
Turkey: Constitutional amendment approved with a slim majority by referendum
Event A slim majority approved the referendum on constitution change held in April. Most of the constitution modifications will be effective after ...
COUNTRY: Turkey
02 Dec 2016
Turkey: Turkish lira under pressure
Event The election of Donald Trump was followed by capital outflows from emerging markets. As a result, various EM currencies, among which the ...
COUNTRY: Turkey
01 Aug 2016
Turkey: Failed coup attempt
Event A group of soldiers tried to seize power in Turkey on 15-16 July. The plotters were rapidly arrested and the situation was quickly under ...
COUNTRY: Turkey
05 Jul 2016
Turkey: Relations with Russia and Israel improved
Event Following President Erdogan’s apologies for the downing of a Russian aircraft, the relationship between Russia and Turkey has improved. As a ...
COUNTRY: Turkey
01 Jun 2016
Turkey: Binali Yildirim appointed as new PM following Ahmet Davutoglu’s resignation
Event Following growing tensions with President Erdogan, former Prime Minister Ahmet Davutoglu stepped down. He was replaced by Binali Yildirim, a ...
COUNTRY: Turkey
01 Feb 2016
Turkey: Suicide bomb attack in tourism heart of Istanbul
Event A suicide bomber killed 10 tourists in Istanbul’s historical centre. Moreover, in December 2015 Russia adopted sanctions against Turkey, ...
COUNTRY: Turkey
03 Nov 2015
Turkey: Mr Erdogan wins parliamentary majority at early elections amid surging insecurity and political risk
Event Against pre-poll forecasts in a context of widening divisions among the Turkish society, president Erdogan claimed a great personal victory as ...
COUNTRY: Turkey
03 Aug 2015
Turkey: Military airstrike launched following a series of attacks; political uncertainty on the rise
Event In July, Turkey was hit by a series of attacks; the worst was the killing of 32 persons by alleged IS-linked militants in the Kurdish-majority ...
COUNTRY: Turkey