Jon Gorvett
Once a premium destination for overseas investors, Turkey’s power sector has recently been struggling with the impact of lower-than-expected growth rates, partial market liberalisation and fixed, long-term natural gas contracts. Power generation firms face further stress as the economic impact of the pandemic bites. Efforts to arrange a new debt restructuring deal have been delayed by the virus and wider economic woes, casting uncertainty over future demand. However, the sector retains some high-grade assets, however, which may attract future investor interest.
Jordan eases COVID-19 restrictions – but economic revival remains far off
**Written and disseminated among select contacts on May 5**
Minister of Industry, Trade and Supply, Tareq Hammouri, announced on Sunday, May 3, that all economic sectors are permitted to reopen at full capacity starting the following Wednesday as long as Jordanian nationals comprise 75% or more of the work force. While the move is intended to kickstart the economy, the measure will not go far enough to avert a financial crisis.
Neil Quilliam | CEO | n.quilliam@castlereagh.net
