Turkey’s annual inflation hit 14.03% in November, well above forecasts, raising pressure on the nation’s new Central Bank governor to impose tight monetary policies. Turkey’s annual inflation rose higher than expected in November, climbing to 14.03% according to data released Thursday by the Turkish Statistical Institute.

Turkey is pinning high economic hopes on a transport link that would connect it to Azerbaijan and beyond, but Russia and Iran have caveats and the viability of Turkey’s projects are open to question. Having agreed a joint military center with Russia to monitor the cease-fire in Nagorno-Karabakh, Turkey is …

Ahead of a European Council summit in which EU leaders will discuss sanctions on Ankara this week over energy prospecting activities in the eastern Mediterranean, Turkish President Recep Tayyip Erdogan reiterated calls for dialogue, urging bloc members not be swayed by Greek and Cypriot agendas.