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The idea proposed by Moscow and approved by Ankara less than a month ago looks set to be implemented Türkiye will finalize the development plan for a natural gas distribution hub in the western region of Thrace by the end of the year, the country’s energy minister, Fatih Donmez has said.

Inflation in Türkiye spiked to 58.9% in annual terms in August, its fastest pace this year, from around 48% in July, according to data released on Monday by the Turkish Statistical Institute. The month-on-month increase was 9.1%, mostly driven by rising energy and food costs. Transport costs jumped 16.6% month-on-month, while food and non-alcoholic beverage…