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Sholz Says High-Level Turkey-EU Dialogue Formats to Be Activated as Ties Improve

TURKEY

LOCAL NEWS

  • Turkey & Germany agree to increase diplomatic efforts for a solution in Ukraine after their meeting yesterday – calling for a ceasefire as soon as possible.
    • Sholz thanked Turkey for closing the Turkish straits, saying it was an important contribution. Both sides also agreed to boost bilateral trade volume to $50bn, and that high-level Turkey-EU dialogue formats would be activated – Ahval
  • TUSIAD business group says turning the tide on soaring inflation is becoming increasingly difficult and household welfare loss is spiralling out of control. Warned that the cost of the Ukraine was has now risen to ~$40bn on the back of soaring energy prices and agricultural products – Duvar
  • Erdogan signals U-Turn on healthcare workers amid nationwide strike for at 150% pay hike and safer working conditions. Said that govt was working to solve these issues after previously saying they would be replaced with junior doctors and could leave if they wished. – Ahval
  • War increases pressure on Turkey’s upcoming tourist season with accumulated debts increased in Turkey’s tourism sector, which has lost its two most important markets this year.
    • Concerns around bankruptcy and change of ownership have increased. Sector officials are waiting for urgent support from government - Cumhurriyet
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
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MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
BulletEM BulletEmerging Market NewsHomepage

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