- Bloomberg reported late yesterday that Turkish officials had asked Russia to delay a portion of their payments due for natural gas, according to sources, as Turkey seeks to mitigate economic damage from higher energy prices. The state-run energy importer is seeking to postpone some of the payments to 2024, according to the report.
- Following this week’s inflation release, the CBRT state that energy, services, higher transportation costs and rent contributed to September inflation, adding that they see a further increase in PPI this month.
- Cumhuriyet report on the ongoing negotiations among the opposition coalition, who are continuing to negotiate over what unity candidate to back against Erdogan at next year’s general elections. The leaders of the six parties are currently discussing proposals for each party to have a vice president.
- Dunya report that natural gas tariff changes will prompt higher energy bills for industry, with prices rising by as much as 5% - which may feed directly into CPI over the coming period.
- Effective exchange rate data is released by the central bank later today.
Related bullets
Related by topic
markets-real-time
Emerging Market News Coverage
TURKEY: Botas Requests Delayed Payment Terms for Russian Gas
Last updated at:Oct-04 07:07By: Edward Hardy
markets-real-time+ 1
- Bloomberg reported late yesterday that Turkish officials had asked Russia to delay a portion of their payments due for natural gas, according to sources, as Turkey seeks to mitigate economic damage from higher energy prices. The state-run energy importer is seeking to postpone some of the payments to 2024, according to the report.
- Following this week’s inflation release, the CBRT state that energy, services, higher transportation costs and rent contributed to September inflation, adding that they see a further increase in PPI this month.
- Cumhuriyet report on the ongoing negotiations among the opposition coalition, who are continuing to negotiate over what unity candidate to back against Erdogan at next year’s general elections. The leaders of the six parties are currently discussing proposals for each party to have a vice president.
- Dunya report that natural gas tariff changes will prompt higher energy bills for industry, with prices rising by as much as 5% - which may feed directly into CPI over the coming period.
- Effective exchange rate data is released by the central bank later today.
Related bullets
Related by topic
markets-real-time
Emerging Market News Coverage
