The Turkish statistics organization TUIK stated this week that Russians took first place in the list of overseas purchasers of land in Turkey in July …
Turkey’s Erdogan: economy team will bring inflation down to single digits
Turkey’s economy team is capable of bringing down inflation to single digits, Turkey’s President Erdogan told reporters during his flight back from Hungary on Sunday.
Outrage at plans to develop Turkey’s cultural heritage sites
Archaeologists fear dangerous precedent if court approves new beach facilities at site of Phaselis on the Mediterranean coast …
A bus crashes off the road in central Turkey, leaving 12 passengers dead
A passenger bus veered off the road and crashed into a roadside ditch in central Turkey on Monday, killing 12 people and injuring 19 others, officials said. The driver of the bus lost control of the …
Lira Lifesaver Became $124 Billion Gamble That Now Haunts Turkey
As the lira was approaching a decade of continuous losses, Turkish policymakers hit on an idea that promised a quick fix, and it helped stave off another currency crisis.
A Bus Crash In Central Turkey Kills 12 Passengers And Injures 19
A passenger bus veered off the road and crashed into a roadside ditch in central Turkey on Monday, killing 12 people and injuring 19 others, officials said.
Pizza firm DP Eurasia files for bankruptcy of Russian business
DP Eurasia, which runs the Domino’s Pizza brand in Turkey, Russia, Azerbaijan and Georgia, said today it would file for bankruptcy of its Russian business.
Turkey rescues 125 people at sea following ‘Greek pushback’
The Turkish coastguard rescued more than 125 people in the Aegean Sea after they were illegally pushed back from Greek waters, Turkey’s coastal authorities said on Sunday. Rubber dinghies had been floating off the coasts of Dikili and Menderes districts …
Turkey backs away from foreign currency protected savings accounts
Turkish banks now hold $125bn in the protected deposit accounts, amounting to about a quarter of total deposits, according to data from Turkey’s Banking Regulation and Supervision Agency. Economists and investors have long viewed these accounts as a big risk since they create a tight link between the country’s government finances and the lira.
Explainer: What’s going on between Russia and Turkey amid Black Sea escalation
ANKARA — Turkey’s recent avoidance of a public confrontation with Russia may reflect its efforts to maintain its balancing act while working out problems behind closed doors. The two capitals enjoyed …