Annual inflation dropped in June by more than expected, to 35 per cent. Although that means Turkey still has one of the highest inflation rates in the world, it has fallen from a peak of 75 per cent …
Turkey revives monetary easing cycle with 300bp rate cut
By Akin Nazli The monetary policy committee (MPC) of Turkey’s central bank on July 24 cut its main policy rate (one-week repo) by 300bp to 43%. The move was in line with expectations, which foresaw a …
Somalia State Probing Turkey-Linked Cargo Seized Off Its Coast
Somalia’s semi-autonomous Puntland region acknowledged it’s holding a vessel full of military equipment until it can work out who the cargo belongs to.
Northern Cyprus Property Portal Set to Revolutionize Real Estate Market
The Northern Cyprus Property Portal, led by Cenap Turgut of Select Estates, launches to revolutionize the real estate market with a buyer and homeowner-focused approach. ISTANBUL, TURKEY …
UK, Turkey Sign Eurofighter Deal After Germany Gives Nod
The UK signed a preliminary agreement on the sale of Eurofighter Typhoon fighter jets to Turkey, a multibillion-dollar defense deal long held up by political tensions between Ankara and its NATO …
Wildfire kills at least 10 firefighters and rescue workers in Turkey
ANKARA, Turkey — At least 10 firefighters and rescue workers were killed Wednesday and many others injured while battling a wildfire in northwestern Turkey, the forestry minister Ibrahim Yumakli said …
Ten workers killed battling wildfires in Turkey
At least 10 forestry and rescue workers have been killed while battling wildfires in Turkey’s central Eskisehir province. Some 24 forest workers and volunteer rescue personnel were left “trapped …
Turkey and Britain sign preliminary deal for Eurofighter Typhoon jets
ANKARA, Turkey (AP) — Turkey and Britain on Wednesday signed a preliminary agreement for the sale of Eurofighter Typhoon fighter jets to Turkey, a significant step in Ankara’s efforts to modernize its …
Syria asks Turkey for defense support after sectarian clashes, Turkish officials say
Turkish officials say Syria’s interim government has requested Turkey’s help to boost its defense capabilities.
Turkey’s ‘sudden ban’ could catch out millions of UK tourists
Tourists travelling to Turkey this year should be aware of a new rule that could cause problems upon arrival. More than four million British holidaymakers travel to Turkey each year to enjoy the hot weather and beautiful landscapes. But those planning to head to the country soon should ensure their mobile phones are prepared before the trip.