Another reason for the central bank to hold off from monetary easing is that its reserves have additionally come under strain from having to finance the bulk of Turkey’s current-account deficit, which …
EU’s EIB to override Turkey lending ban with earthquake aid
The European Union’s lending arm, the European Investment Bank, is to temporarily override its near 4-year long ban on financing in Turkey to provide 500 million euros ($540 million) for the country’s …
Erdogan tries to salvage economic credibility before Turkey’s election
Erdogan, who has led Turkey for two decades but is trailing in opinion polls … whose policies have set off a cost-of-living crisis and left the economy and financial markets heavily state-managed, …
Pro-Kurdish party signals support for Turkey’s main opposition candidate
Turkey’s third-biggest political party has said it will not field its own candidate for president in May’s election, a move that is likely to boost support for the main opposition candidate hoping to …
Analysis-Erdogan Tries to Salvage Economic Credibility Before Turkey’s Election
Analysis-Erdogan Tries to Salvage Economic Credibility Before Turkey’s Election By Orhan Coskun and Jonathan Spicer ANKARA (Reuters) – Former Turkish economy tsar Mehmet Simsek’s refusal to return to …
Analysis-Erdogan Tries to Salvage Economic Credibility Before Turkey’s Election
Analysis-Erdogan Tries to Salvage Economic Credibility Before Turkey’s Election By Orhan Coskun and Jonathan Spicer ANKARA (Reuters) – Former Turkish economy tsar Mehmet Simsek’s refusal to return to …
Kuwait Pledges USD 90 Mln For UN’s Syria, Turkey Financing Appeal
Kuwait pledged about USD 90 million to support the UN’s efforts to aid survivors of the earthquake that hit Turkey and …
Russian businesses are flocking to Turkey, report shows
Russian citizens registered more than 1,300 new business entities in Turkey, which is 670% more than in 2021, Bloomberg reported on March 21, citing data from the Economic Policy Research Foundation …
Doctor’s warning as seven Brits have died after going to Turkey for weight loss surgery
Seven British patients who travelled to Turkey for weight loss surgery died after their operations, an investigation has found.
EU-led donors to provide 7 bln euros to help rebuild Turkey after earthquake
Donors at a European Union-led conference on Monday pledged 7 billion euros ($7.5 bln) to help to rebuild Turkey after last month’s devastating earthquakes, while Ankara estimated the costs at more …