Appetite for Turkmen gas could rise in China, Turkey and Europe amid Hormuz crisis https://newsbase.com/story/appetite-for-turkmen-gas-could-rise-in-china-turkey-and-europe-amid-hormuz-crisis-433204?utm_source=dlvr.it&utm_medium=mastodon #TurkmenGas #ChinaEnergy #TurkeyEconomy #EuropeEnergy #HormuzCrisis

🇹🇷 Turkey's central bank announces a massive 5-point interest rate hike, raising the main rate to an unprecedented 40% - the highest in 20 years. A bold measure in response to economic turbulence. #TurkeyEconomy #InterestRates

I'm switching material sourcing from Turkey to Germany because the economic situation in Turkey is so unstable.
Our Turkish suppliers are not able to confirm price until our order is ready to ship and that is an unacceptable level of volatility.
German suppliers are more expensive but we can fix prices at point of contract and then price our products accordingly.
#UKEconomy #GermanEconomy #TurkeyEconomy