Tag Archives: recep tayyip

USD/TRY remains firmer around a 3-month high, paring intraday gains lately. Turkey and Israel are attempting diplomatic peace for the first time in more than a decade. The World Bank has raised concerns about the growth of major oil importers, including Turkey. Ukraine and Russia will meet in Ankara on …

Russia’s invasion of Ukraine has had serious repercussions in two areas of Greece’s economy and political status that seem unrelated but are in fact equally worrying when it comes to long-term political relations. term. Greece’s support for EU sanctions against Russia has resulted in the cancellation of Russian tourism to …

ANKARA – Turkey’s annual inflation rate accelerated further in February, official data showed on Thursday, marking the biggest jump since 2002 and adding pressure on households already struggling to buy household goods. based. The Turkish Statistical Institute said consumer prices rose 54.44% in February from a year ago. That’s up …

Istanbul (AFP) – Evicted in the middle of a harsh Turkish winter, Erdem Yilmaz, 30, calculated that he had spent two and a half months’ salary to urgently move to a new house in Istanbul. The father of a two-year-old is not the only Turk in this situation after last …

NICOSIA, Cyprus (AP) — Any attempt by Israel to improve strained relations with Turkey will not come at the expense of its “strategic relationship” with its Cypriot neighbor, Israel’s president said Wednesday. Israeli President Isaac Herzog, speaking after talks with his Cypriot counterpart, said he was aware next week’s visit …

ANKARA, Turkey — Turkey is reversing policy with its Gulf rivals in the hope that local defense firms can return to lucrative Saudi and Emirati markets. Deep political differences have plagued Turkish relations with Saudi Arabia and the United Arab Emirates in recent years, including divisive policies regarding the civil …

Hatice Cengiz was waiting for Khashoggi outside the consulate at the time of the murder (File) Turkey must continue to insist on justice for Riyadh critic Jamal Khashoggi even as relations with Saudi Arabia improve, his Turkish fiancee told AFP in an interview. The gruesome 2018 murder of Khashoggi inside …

Abdullah Bozkurt/Stockholm Bayraktar armed drones made by a Turkish defense contractor performed poorly on the ground and were an easy target for ground fire, UN investigators concluded last year. According to a report submitted to the UN Security Council by the Group of Experts on Libya on March 8, 2021, …

ON JULY 15, 2016, a faction of the Turkish military attempted to overthrow President Recep Tayyip Erdogan. By dawn on July 16, it was clear that the coup, one of the bloodiest in Turkish political history, had been repelled. But it has caused considerable collateral damage, in particular to the …

The assassination of Turkish Cypriot casino magnate Halil Falyali last week was the latest installment in Turkey’s underground wars against drug trafficking and illicit finance. Turkish mobster turned whistleblower Sedat Peker accused Falyali last year of being a key player in cocaine trafficking and colluding with Erkan Yildirim, the son …

Huge Gulf funds are considering possible investment opportunities in Turkey, from agriculture to tourism and industry. The funds, including those from Qatar, the United Arab Emirates (UAE), Bahrain and Saudi Arabia, plan to invest around $8 billion (TL 109.07 billion) in the country this year. President Recep Tayyip Erdoğan’s latest …

The Tata Group has appointed Ilker Ayci – former chairman of Turkish Airlines – as managing director and CEO of Air India effective April 1 or earlier. The move is in line with the Tata Group’s plans to appoint an expatriate chief to run the airline it took over from …

Turkey’s president has announced a significant cut in taxes on basic food supplies as the country faces soaring inflation and widespread protests over eroding living standards Through Associated press ZEYNEP BILGINSOY February 12, 2022, 3:40 p.m. • 3 minute read Share on FacebookShare on TwitterEmail this article ISTANBUL — Turkey’s …

Fitch downgraded Turkey’s sovereign debt and delivered a scathing verdict on President Recep Tayyip Erdogan’s plan to tackle soaring inflation. The international rating agency pushed the long-term debt rating deeper into undesirable territory, lowering it from BB- to B+, putting the G20 country on a par with Benin, Egypt, Turkmenistan, …

Istanbul (AFP) – In a waterfront area of ​​Istanbul that once buzzed with life of cafes and pubs, there are now only empty tables after a nearly 50% hike in alcohol taxes. The tax is one of the biggest blows to alcohol consumption from a government often accused by its …

Turkey’s central bank and one of the country’s main business associations, including its representatives from abroad, discussed on Friday the recently unveiled program to encourage expatriates to repatriate their savings to Turkey. The Governor of the Central Bank of the Republic of Turkey (CBRT), Şahap Kavcıoğlu, met virtually with Mahmut …

The gap between Turkey’s minimum wage and the famine threshold has almost entirely disappeared amid the collapse of the Turkish lira and soaring inflation, according to a report compiled by the Confederation of Turkish Trade Unions (Turk- Is). The January Turk-Is Hunger and Poverty Line survey, originally reported by bianet, …

ASIA/TURKEY – Erdogan confirms: new regulations and new elections for the Foundations of non-Muslim communities agos.com Ankara (Agenzia Fides) – The process of publishing new operating rules for Turkish foundations linked to non-Muslim communities is almost complete, which will soon allow these organizations to renew their governing bodies after eight …

ANKARA: Following Iran’s decision to cut off gas flows to Turkey last week, Ankara began ordering gas-fired power plants to cut their gas consumption by 40% from Monday. This sudden decision highlighted the need to diversify energy suppliers for the country. Households, schools and hospitals are, for the time being, …

In today’s major news from Europe, the Middle East and Africa, most EU websites verified by a consumer protection agency cast doubt on the reliability of reviews, and a group of German publishers calls on the EU to stop Google’s plan to end the use of third-party cookies. . Additionally, …

Ankara: Turkish Finance Minister Nureddin Nebati has told economists that he expects the inflation rate to peak at around 40% in the coming months and not exceed 50% this year, according to attendees. Nebati provided his most detailed outlook yet on consumer prices in 2022 at a meeting with 60 …

A law approved by Turkey’s parliament on Thursday offers a corporate tax exemption on gains on deposits of funds converted into Turkish lira from foreign currencies, in a further step to support the country’s currency. By law, interest and profits earned on accounts converted to lira with a maturity of …

(ANSAmed) – ISTANBUL, JANUARY 18 – The Turkish Coast Guard rescued 73 migrants overnight from Monday to Tuesday who were trying to reach the Greek islands from the Turkish coast on the Aegean Sea. Anadolu news agency reported that in response to sightings of boats full of migrants having difficulty …

The Council of Europe has reportedly called for the jailed businessman and philanthropist to be released by February 2. A Turkish court has extended the detention of civil society leader Osman Kavala, ignoring a deadline set by Europe’s top human rights body to release him, in a case that has …

Striking Çimsataş workers [Credit: @GazeteDavul on Twitter] The wildcat strike by metalworkers at the Çimsataş plant in Mersin has been going on since Wednesday, defying efforts by the company, the state and the Birleşik Metal-İş union to end the strike. Hundreds of workers halted production on Wednesday, rejecting a sellout …

Turkey has included companies’ currency and gold deposit accounts converted to Turkish lira in a program that protects local currency savings against exchange rate volatility, the Official Gazette said on Tuesday. Dollars, euros, pounds or gold in companies’ deposit accounts at the end of 2021 could be converted to lira …

The Turkish government has updated its regulations which grant citizenship to foreigners in exchange for a certain amount of investment or the acquisition of real estate, in the last step of authorities’ efforts to support the Turkish lira. Foreigners can become citizens if they own real estate worth at least …

The visit is said to be the Turkish president’s first since the 2018 murder of Jamal Khashoggi by a team of Saudi agents in Istanbul. Turkish President Recep Tayyip Erdogan has announced that he will visit Saudi Arabia next month, the Turkish leader’s first visit since the 2018 murder of …

Turkey’s Treasury and Finance Minister claimed that the United States Federal Reserve was not owned by the American public but rather belonged to five wealthy families, drawing criticism from economists. In a television interview with CNN Turk news channel yesterday, Nureddin Nebati – appointed by President Recep Tayyip Erdogan in …

Country’s economic turmoil puts publishing industry at risk as paper prices skyrocket Turkish doctoral student Gulfer Ulas saw the first edition of her favorite Thomas Mann collection published for 33 lire (around US $ 3 at the latest exchange rate). She found the second copy of the same two-volume set …

By Robert Ellis This Christmas, I was persuaded to dress up as Santa Claus to please our six-year-old granddaughter, who was disappointed that she hadn’t come last year. But I was scolded. “Santa Claus wore Grandpa’s shoes,” she later remarked. The same goes for Turkish President Recep Tayyip ErdoÄŸan and …

RIYAD: Global economic output is expected to exceed $ 100,000 billion next year, according to a report by UK consulting firm Cebr. The report also says it will take longer than expected for China to overtake the United States as the world’s largest economy. He predicted that China will occupy …

Turkey last week kicked off mass production of its nationally-developed COVID-19 vaccine Turkovac after receiving emergency approval following studies in volunteers that demonstrated its effectiveness. In a TV interview, President Recep Tayyip Erdoğan stressed that the local vaccine will also eliminate any hesitation from the Turkish public that may have …

Izvestia: Russia sees increased military activity along its borders as a serious threat Deploying US and NATO missile systems near Russia’s borders is a very serious challenge for the country which simply has nowhere to retreat, said Russian President Vladimir Putin at an enlarged meeting of the Ministry of Defense. …

A bureau de change holds Turkish lira and US dollar banknotes at a bureau de change in Ankara, Turkey on December 16, 2021. Cagla Gurdogan | Reuters The Turkish Lira has retreated at breakneck speed from record lows, experiencing wild swings after President Recep Tayyip Erdogan revealed a plan to …

NAIROBI, Kenya – After the Prime Minister of Ethiopia scored an astonishing military victory earlier this month, overthrowing a rebel march on the capital that threatened to topple him, he credited his troops for their bravery. “Ethiopia is proud of your incredible heroism,” jubilant leader Abiy Ahmed told his troops …

The President’s visit to Turkey from December 16 to 19 was aimed at participating in the 3rd Turkey-Africa Partnership Summit, with an attractive theme: “Strengthened Partnership for Common Development and Prosperity”. Our national strategy was laid out before we left, based on a strong optimism that the summit will work …

Istanbul’s stock market was twice forced to halt trading and the Turkish lira continued to decline on Friday as concerns grew that recent interest rate cuts could spur an inflationary spiral. . Turkey’s benchmark Borsa Istanbul 100 fell 8.5% on Friday on its worst day since March, tripping two circuit …

RIZE, Turkey — Here in President Recep Tayyip Erdogan’s hometown on Turkey’s Black Sea coast, locals are questioning the leadership of their city’s favorite son amid an economic crisis that is driving up the cost of food, gasoline and medicine. Turkey’s currency has lost up to 45% of its value …

Apple products, especially iPhones, are known for their popularity around the world. People wait in winding queues for long hours just to get their hands on the new gadgets no matter how expensive they are. Prices for Apple electronic devices, including iPhones, vary around the world. Import duties, among other …

A changing geopolitical landscape has seen Ankara and its former Gulf rivals rethink their policies towards each other. Relations between Turkey and the Arab world are experiencing a major thaw after years of strained relations – a rapid rapprochement that has occurred in the space of a year. Following attempts …

What was supposed to be an orderly diplomatic scene quickly turned into a fight club today, as officials in costume threw hay at their opponents. What was supposed to be an orderly diplomatic scene quickly turned into a fight club as officials now squabble over Turkey’s faltering economy. The country …

The Ankara government has few options available as long as President Recep Tayyip ErdoÄŸan remains committed to lowering borrowing rates to accelerate economic growth and increase exports even under conditions of inflation exceeding 20%, which erodes the disposable income of ordinary citizens. Either the currency crisis becomes severe enough for …

Growing mistrust of official Turkish inflation data fueled political tensions last week as the main opposition leader was barred from entering the Turkish Institute building. statistics (TUIK), the government agency responsible for compiling and sharing various data. Shortly after TUIK released the latest inflation figures on December 3, Republican People’s …

For years, Turkish opposition leader Kemal Kilicdaroglu has been ridiculed for his gentle demeanor and inability to make inroads election after election. Lately, however, the leader of the Republican People’s Party (CHP) has discovered a taste for daring. On Friday, he showed up uninvited to the country’s statistical agency and …

Istanbul, Turkey – The Turkish Lira crisis threatens to bankrupt 86-year-old Mehmet Sapci’s pharmaceutical company. With the onset of the coronavirus pandemic, his company – Merkez Ilac – was able to leverage its production lines to pump disinfectants that have been shown to be essential in stopping the spread of …

Turkish Finance and Treasury Minister Lutfi Elvan has resigned amid a sharp drop in the Turkish lira, according to a presidential decree published in the Turkish Official Gazette on Thursday. Elvan has asked to be relieved of his duties, the official newspaper said. Turkish President Recep Tayyip Erdogan has appointed …

Asli Karahan-Ay is Chief Investment Officer of Lioness Capital. NEW YORK – The “unorthodox” economic policies of Turkish President Recep Tayyip ErdoÄŸan have caused a train crash. Turkey suffers from a balance of payments crisis, growing poverty, high unemployment and rampant inflation. At the time of writing, the Turkish lira …

Following the historic visit of Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed Al Nahyan (MBZ) to Turkey, many observers have started discussing the future of Turkey-Gulf relations. The visit was the first of its kind since the eruption of Arab insurgencies and revolutions in 2011. The visit, during which …

ISTANBUL – Lines in front of bread shops and gas stations; farmers in default of payment; impromptu street demonstrations. Signs of economic distress in Turkey are all too clear as the pound continues on a steep slide. Sporadic protests have erupted around Turkey and opposition parties have called for a …

ANKARA, Turkey (AP) – Turkish President Recep Tayyip Erdogan has said he plans to visit the United Arab Emirates in February as the two countries prepare to put years of strained relations behind them. The powerful crown prince of Abu Dhabi visited Ankara last week, making his first official trip …

• Sees an imperative for peace in Afghanistan for the TAPI gas pipeline, the CASA-1000 power grid and the trans-Afghan railway projects• Bilateral talks with the presidents of Uzbekistan, Turkey, Iran, Azerbaijan and Tajikistan ISLAMABAD: President Dr Arif Alvi said that the member states of the Organization for Economic Cooperation …

A destination wedding is defined as a ceremony that takes place outside the couple’s hometown and requires travel for most of those involved. Viewing wedding ceremonies as a private matter, some people tend to prefer a foreign destination with a limited guest list for their D-Day. Therefore, destination weddings, which …

Jamil Barakat says making a living in the town of Idlib in northwestern Syria has never been easy. But the next Turkish lira crisis and skyrocketing inflation made his small business a nightmare. “Product prices change every day and customers are incredulous,” Barakat told Al Jazeera. “And of course you …

While Carlos Torres Vila, director of BBVA, explained why the Spanish lender was planning to take full ownership of Turkish bank Garanti, it didn’t always sound like the sales pitch typically deployed for corporate transactions. But then the 55-year-old BBVA chairman could hardly ignore the backdrop of the deal – …

Emerging market equities were under pressure for the second consecutive session, as fears of high global inflation added to fears of a Chinese slowdown and tighter financing conditions in the United States. The emerging FTSE index, a broad barometer of developing country stocks, fell about 1% on Thursday in US …

Fears that Turkey could face another currency crisis continue to intensify, Capital Economics said on November 16, with the sharp depreciation of the Turkish lira in recent weeks showing little sign of slowing down. “The currency broke through the psychologically important level of 10 / $ at the end of …

The Ethiopian government has forged an alliance with Turkey amid reports it wants to deploy armed Turkish drones in its bitter war against forces in the Tigray region. Ethiopian Prime Minister Abiy Ahmed signed a military cooperation agreement during a visit to Ankara in August with Turkish President Recep Tayyip …

November 6, 2021 IN LAST MONTHS the global economy ended up looking like an undercooked dinner in the microwave: usually hot, but with a few bits just lukewarm and others positively scorching. Global consumer prices are expected to rise 4.8% this year, according to the IMF, which is said to …

What does it tell us about a country when foreign ambassadors advising their host state on a legal matter and refugees playfully teasing their host citizens on social media receive the same response from the government? That Turkey is in the mood for a little “time for me”. About a …

The inscription has had a negative impact on Turkey’s global credibility and is the result of ErdoÄŸan’s attempts to overtake his weight. The Financial Action Task Force (FATF) monitoring money laundering placed Turkey last week on its “gray list” for non-compliance with the United Nations sanctions regime, money laundering and …

Turkish President Recep Tayyip Erdogan, who is due for re-election by June 2023. OZAN ​​KOSE / AFP via Getty Images Text size Like a flabby old horse under a drunken cowboy, the Turkish economy is holding up despite President Recep Erdogan. The 67-year-old leader could lose his grip after 18 …

US President Joe Biden has repeatedly declared, during his election campaign and since taking office, that the fight against corruption and money laundering in the United States and around the world is a fundamental priority of the United States. national security and an important part of its “foreign policy for …

Turkey has joined Mali and Jordan as new entrants to the gray list of the Financial Action Task Force (FATF), the global money laundering and terrorist financing watchdog body. The statement released by the FATF Secretariat, based in Paris, France, highlighted eight shortcomings, including the targeting of money laundering, non-compliance …

ISTANBUL – Turkish President Recep Tayyip Erdogan said on Saturday that he had ordered 10 foreign ambassadors who demanded the release of a jailed philanthropist to be declared persona non grata. The envoys, including representatives of the United States, France and Germany in Ankara, issued a statement earlier this week …

Will US GDP data confirm a pickup in activity? U.S. economic growth has slowed sharply as the Delta variant of the coronavirus slashed consumer spending and supply chain bottlenecks hit businesses, but activity is already showing signs of recovery. Economists predict on Thursday that US Department of Commerce data will …

Turkish philanthropist and activist Osman Kavala has never been convicted of a crime – yet he has been in prison for almost four years in Turkey, despite a ruling by a leading European court. On September 17, the Council of Europe issued Turkey its final warning to release the 64-year-old …

The global financial watchdog known as the Financial Action Task Force, or FATF, today announced that Turkey has been added to its “gray list” of countries under increased terrorist financing watch, money laundering and institutional corruption. The move will further damage Turkey’s uneven image and likely further weaken the pound, …

When it comes to the Turkish economy, President Recep Tayyip Erdogan continues to play with fire. Despite the clearest warnings from the International Monetary Fund (IMF) about his country’s external vulnerabilities, Erdogan seems to invite a full-fledged monetary crisis by adhering to the most eccentric economic policy views and meddling …

The embassies of the United States, Canada, France, Finland, Denmark, Germany, the Netherlands, New Zealand, Norway and Sweden on Monday evening called for the release of the man from Turkish businessman Osman Kavala, imprisoned for four years now for his alleged role in the Gezi Park protests in 2013 and …

the largest indoor arena in East Africa in Rwanda; a national mosque in Ghana; a military base in Somalia; and a nearly 400 km long railway project that would help give landlocked Ethiopia direct access to major trade routes through the port of Djibouti. These are just a few of …

ANKARA – Leading armored vehicle maker BMC, a Turkish-Qatari company, is facing cash flow problems after a recent change in ownership, Defense News has learned. The company, which has a multibillion-dollar contract in its portfolio to produce the Altay, Turkey’s first next-generation indigenous tank, is on a phase of shrinking …

A youth foundation linked to the youngest son of Turkish President Recep Tayyip Erdogan found itself mired in new controversy after a former employee disclosed compromising documents exposing how it served as a vehicle to install party worshipers in the bureaucracy. Metin Cihan, a respected freelance journalist, posted on his …

Donald Trump and his wife Melania greet a guest after the grand opening ceremony at the Trump International Hotel Washington, DC in October 2016. Getty Images FPresident Donald Trump’s former hotel in Washington, DC received an estimate $ 3.75 million from foreign governments during his four years in office, according …

Turkey’s Grand National Assembly on Wednesday ratified the Paris climate change agreement, a move that comes nearly six years after the agreement was originally signed. However, as the latest G20 country to ratify the deal, Turkey is still not happy with its classification as a developed country under the deal. …

THERE NO like a poor view of the Bosphorus, the waterway that separates Istanbul between Europe and Asia. But that of the bridge Cobia gas, a 180-meter tanker, on its way from the Sea of ​​Marmara to the Black Sea, is hard to beat. Ottoman palaces parade. Hagia Sophia enjoys …

Turkey’s support for Uganda, one of the many African countries with which Ankara has strengthened its ties over the past decade, has steadfastly continued throughout the coronavirus pandemic. From oxygen supplies to food aid, philanthropists and government agencies across the country are reaching out to Uganda. When the African country …

The struggling Turkish Lira hit a record low of 8.96 per dollar last week and trading trends since then indicate that the bears could outweigh traders expecting a rally. The lira touched 8.936 per dollar on Wednesday before recovering. It was trading down 0.1% at 8.875 to the dollar Thursday …

Images of young people sleeping on park benches in Izmir, in front of Sakarya University, on the seats of the ferries that connect the European and Asian shores of Istanbul and other parts of Turkey have made their way on social media the last days. They are part of a …

Turkey ratified the Paris climate agreement on Wednesday, joining the global fight against climate change weeks before the start of a critical summit in Glasgow, Scotland. Although Turkey was one of the first countries to sign the Paris Agreement in 2016, it refused to ratify it as it sought to …

Abdullah Bozkurt / Stockholm A senior official with Turkish President Recep Tayyip ErdoÄŸan’s long arm in Europe, trained as a far-right nationalist in his youth in Germany, runs several companies in Turkey and has ties to radical Islamist politicians in the country, an investigation has revealed of the Nordic Monitor. …

Ankara, October 5 (IANS): The economic fallout from the Covid-19 pandemic in Turkey has caused painful increases in the prices of consumer goods for most people amid embarrassing inflation that authorities are struggling to contain. Annual inflation rose to 19.58% in September from 19.25% in August, according to official data …

Turkish telecommunications giant Turk Telekom – sold for $ 6.55 billion in 2005 in what was the largest privatization ever in Ankara – again appears poised to be controlled by the government via a sovereign wealth fund in the part of a potential agreement that would mark a new stage …

An Iranian lawmaker said Iran has repeatedly saved the political life of the Turkish president. Mojtaba Yousefi, an Iranian lawmaker representing the city of Ahvaz in parliament, said that after Iran played a key role in preventing Turkish President Recep Tayyip Erdogan from falling in the 2016 coup, this time …

For 18 months, face-to-face classes were suspended in Turkey due to the pandemic. When universities reopened, many students had a nasty surprise: rents became almost unaffordable. This is partly explained by inflation and the corresponding price fluctuations, which also affected the housing market. In addition, the Turkish government has failed …

On September 26, Turkish President Recep Tayyip Erdogan gave an interview to CBS’s “Face the Nation” show. Among other things, Erdogan discussed his relationship with the administration of US President Joe Biden, Turkey’s influence in the Middle East, and the state of freedoms in his country. Interviewer Margaret Brennan asked …

Russian President Vladimir Putin (right) eliminates Turkish President Recep Tayyip Erdogan after their meeting at the Russian Presidency’s official residence in Sochi, Russia, September 29, 2021. / Getty Russian President Vladimir Putin (right) eliminates Turkish President Recep Tayyip Erdogan after their meeting at the Russian Presidency’s official residence in Sochi, …

Turkey has followed with keen interest the recent German elections which took place against the backdrop of the imminent resignation of longtime Chancellor Angela Merkel, in power for 16 years in Germany. The results Let’s look at the unofficial election results first. The Social Democratic Party (SPD), which nominated Finance …

UNITED NATIONS (PA) – The foreign minister of the divided island of Cyprus accuses the Turkish president of trying to promote a new Ottoman empire in the Eastern Mediterranean and the Middle East – and says that such an approach to the geopolitics could have a negative impact on regional …

The governor of Turkey’s central bank said on Tuesday that he expects price behavior to return to normal as the effects of the coronavirus pandemic abate, adding that the bank will continue to take the measures policies needed to support standardization. Speaking at the Future of Finance Summit, hosted by …

ISTANBUL Teknofest, Turkey’s largest tech and aerospace event, ended on September 26 with breathtaking closing ceremonies and the dazzling coordinated performance of the Turkish Air Force. class = “cf”> The five-day event held at Istanbul’s Atatürk Airport included a host of activities such as air shows with warplanes and helicopters, …

Abdullah Bozkurt / Stockholm A Turkish associate of Alex Nain Saab Moran, indicted by the United States for helping the Venezuelan regime escape sanctions, was a guest at an event sponsored by the government of President Recep Tayyip ErdoÄŸan, which tied the sanctions years of close ties with Venezuelan President …

Outlook September 26, 2021 5:09 PM IST Here are the best foreign stories at 1700 hours perspectivesinde.com 1970-01-01T05: 30: 00 + 0530 TOP FOREIGN STORIES AT 1700 HOURS FGN 10 CHINA-INDIA-SENT-BORDER Don’t change the goals, don’t confuse border management with solving the border issue, Indian envoy to China Beijing: India …

Turkish President Recep Tayyip Erdoğan said in an exclusive interview with CBS News this week that his government intends to challenge the United States and move forward with the purchase of another anti-defense system. -Russian-made anti-aircraft missile, despite repeated warnings that it endangers the security of the NATO alliance. Erdogan …

COINS Turkish lira at historic low The Turkish lira fell to near an all-time high yesterday, a day after a surprise rate cut by the Turkish central bank, as broader emerging market currencies headed for their third consecutive weekly loss amid fears the group Chinese Evergrande (恆大 集團) is not …

The Turkish lira came close to its all-time low on Friday, driven by the flight of foreign investors but dampened by local bargain hunting, a day after the central bank unexpectedly cut interest rates and gave out that little indication of how far it might go. The currency – prone …

Shortly after a small group of Turkish academics began publishing their findings on inflation late last year, their data began to reflect what many Turks already suspected: prices were rising two times faster than the government claimed. Ankara’s backlash was swift. In February, the Turkish National Institute of Statistics (TurkStat) …

Turkey’s Constitutional Court ruled on May 18, 2021 that a former teacher arrested for links to the Gülen movement had been tortured in detention and his rights violated, Bold Medya reported. The court ordered that Eyüp Binici, 46, be paid 40,000 Turkish lira in compensation for being sexually assaulted, beaten …

Senator Mitt Romney, R-Utah, a member of the Senate Foreign Relations Committee, said he would support the appointment of Jeff Flake as the United States’ ambassador to Turkey after meeting with Flake on Tuesday. “My friend Jeff Flake is a thoughtful and accomplished public servant who will represent the United …

Xi Jinping pledged to accelerate efforts for China to become carbon neutral by 2060 (File) The United Nations: China will stop funding overseas coal projects, President Xi Jinping said on Tuesday, ending the flow of official aid for dirty energy contributing to the climate crisis. Xi made his announcement at …

The success story of Turkish exporters in nearby regions will now spread further as Turkey implements a new strategy to boost its exports to distant markets, President Recep Tayyip ErdoÄŸan said on Saturday. Speaking at the Turkish Exporters’ Assembly (TIM) Export Champions program in the commercial capital Istanbul, ErdoÄŸan said …

ISTANBUL Turkey will take further steps to help the country’s exporters, including removing the security deposit requirement,the restructuring of the Turkish Eximbank and the creation of a new exhibition center, President Recep Tayyip Erdoğan announced on September 18. class = “cf”> “As our businessmen produce, export and create jobs, we …

Fitch Ratings has revised upward Turkey’s economic growth forecast for 2021 to 9.2%, according to the rating agency’s Global Economic Outlook for September, released on September 16. The new figure is a massive upward revision from the agency’s previous update on August 13, when it revised Turkey’s growth forecast upward …

Turkish President Recep Tayyip ErdoÄŸan on Saturday announced a number of measures to help the country’s exporters with the aim of boosting the Turkish economy by 2023. The initiatives announced by the Turkish president during the Export Champions program of the Turkish Exporters’ Assembly (TIM) in Istanbul include the restructuring …

The Monetary Authority will work with technology players to establish the “Digital Turkish Lira Collaboration Platform” to facilitate the research and development of a CBDC. Turkey’s central bank has set up a new platform to expand research on the potential benefits of introducing a digital version of the Turkish lira. …

Newsletter: Europe Express Your essential guide to what matters in Europe today. Delivered every day of the week. Foreign investors have started tiptoeing back into the Turkish debt market after severe turmoil at the start of the year, but many remain deeply skeptical about the prospects for one of the …

Published on: 09.08.2021 – 13:22Amended: 09.08.2021 – 13:20 Ankara (AFP) The Turkish lira suffered one of its biggest drops of the year on Wednesday due to speculation the central bank was on the verge of cutting rates in the face of soaring inflation. Turkey’s annual inflation rate accelerated to 19.25% …

(Bloomberg) – Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. The Turkish central bank has reoriented its policy towards a more restricted set of basic prices in a context of accelerating inflation, paving the way for a cut in interest rates requested …

Bitcoin has been controversial since its inception in 2009, as have the cryptocurrencies that followed in its wake. Although widely criticized for its volatility, its use in nefarious transactions, and for the exorbitant use of electricity to mine it, Bitcoin is seen by some, especially in developing countries, as a …

ATHENS, Greece – U.S. Senate Foreign Relations Committee Chairman Bob Menendez criticized Turkey on Friday during a visit to Athens, saying its current leaders are not committed to the principles of democracy and Right wing state. Menendez, the Democratic senator from New Jersey, is in Greece to attend events celebrating …

ATHENS – Shells of houses and cars ravaged by flames. Stretches of forest reduced to ashes. Tourists evacuated by boat from once idyllic beaches where the sky is covered in smoke. As southern Europe grapples with one of its worst heat waves in decades, deadly wildfires have engulfed swathes of …

A firefighting helicopter shoots down as a forest fire burns in the village of Ippokratios Politia, north of Athens, Greece on August 6, 2021. Costas Baltas, Reuters Hundreds of firefighters battled a blaze on the outskirts of Athens on Friday as dozens of fires raged in Greece in what the …

ANKARA Turkey will convene its Supreme Military Council (YAÅž) on August 4, where decisions will be made on appointing top military officers. class = “cf”> The YAÅž meets annually to discuss promotions and dismissals of high-ranking military personnel under the leadership of President Recep Tayyip ErdoÄŸan and with the participation …

(Bloomberg) – Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Turkey’s inflation rate likely jumped for a second month in July, fueled by rising energy prices and the reopening of the economy, further reducing the likelihood of an interest rate cut summer …

Muslims offer prayers on the first day of Eid Al Adha outside the iconic Hagia Sophia in Istanbul’s historic Sultan Ahmed district on July 20, 2021. Image Credit: AP Istanbul: The World Heritage Committee of the United Nations cultural agency, Unesco, on Friday asked Turkey to submit a report on …

Home and car sales have increased and shopping malls and entertainment venues appear to be quite buzzing in Turkey, even as steadfast inflation and widespread unemployment continue to haunt the country’s struggling economy. What about this seemingly contradictory trend? Are Turks throwing barbecues on the flames of inflation? Soaring prices …

SINGAPORE: The ongoing turmoil in South Africa is putting the political risks of emerging markets (EM) to the fore, and traders are looking for currencies vulnerable to political vagaries and playing them against their more stable peers. Citigroup Inc and Deutsche Bank AG were among lenders advising investors to short …

ON BOARD TURKISH COAST GUARD SHIP – Wet and shaken, the women and children were pulled aboard the Turkish patrol boat first, followed by the men and other children. A 7-year-old girl in striped leggings, Heliah Nazari, shivered uncontrollably as she sat on the deck. An older woman threw up …

ISTANBUL (AP) – Turkish President Recep Tayyip Erdogan’s spokesman on Sunday condemned a European Union court ruling allowing employers to ban staff from wearing Muslim headscarves as appeasing Islamophobia. “The European Court of Justice ruling on the headscarf in the workplace is another blow to the rights of Muslim women …

A Turkish coastguard ship fired warning shots at a Cypriot police boat on Friday. The boat was on patrol for undocumented migrants, Cypriot media reported. The incident came amid high tensions on the island as Turkish President Recep Tayyip Erdogan prepares to visit the separatist Turkish Cypriot north next week …