Turkey's annual inflation rate rises to 32.37% in April, the highest level recorded in six months.

Russian industrial investment sentiment drops to 2008-2009 crisis levels as GDP contracts by 0.3% in the first quarter of 2026, according to official data. High interest rates continue to restrict business activity across the manufacturing sector.

According to the Institute of Economic Forecasting of the Russian Academy of Sciences, Russian industrial investment sentiment has declined to 2008-2009 crisis levels, with only 38% of companies viewing investment levels as normal. Additionally, the Ministry of Economic Development estimates a 0.3% year-on-year decline in GDP for the first quarter of 2026.

Russian Prime Minister Mikhail Mishustin announces a debt write-off of over 114 billion rubles for 21 regions. The government initiative aims to free up regional budget resources to support local economic development and public services.

Russian Prime Minister Mikhail Mishustin announced that the government will partially write off budget loan debts for 21 Russian regions, totaling over 114 billion rubles. The measure is intended to free up resources for regional budgets and support economic development.

Turkey unveils the Yildirimhan, its first domestically developed intercontinental ballistic missile, at the SAHA 2026 expo in Istanbul. Officials claim the system features a 6,000 km range and a 3,000 kg explosive payload capacity.

Turkey has unveiled the Yildirimhan, its first domestically developed intercontinental ballistic missile, at the SAHA 2026 expo in Istanbul. Officials state the missile has a range of 6,000 km and a 3,000 kg payload capacity.

G7 trade ministers meet in Paris to address industrial policy and trade resilience amid rising global economic tensions and U.S. tariff threats. The talks focus on critical minerals and coordinating a unified response among major economies.

G7 trade ministers have convened in Paris to discuss critical minerals, industrial policy, and trade resilience amid rising global economic tensions and U.S. tariff threats.