The sacking of Turkey’s central bank head, Naci Ağbal, by president Recep Tayyip Erdoğan over the weekend, once again puts the country’s economy under pressure. On Monday, the Turkish lira lost 15 …
Russia proposes Turkey to reopen 3 crossing points in Syria: TASS
Russia has proposed Turkey to reopen three crossing points in Syria’s Idlib and Aleppo starting from March 25 due to the difficult humanitarian situation in Syria, TASS news agency quoted Russia’s …
Turkey Isn’t the First Domino in an Emerging Markets Bust
Recep Tayyip Erdogan, Turkey’s increasingly autocratic premier, inflicted a vintage emerging markets crisis on us over the weekend. Four months after ousting his previous central bank governor, he …
Anger and fear as Turkey takes a “step backward” in preventing violence against women
“I don’t feel safe,” said one woman protesting her government’s withdrawal from a legally-binding treaty criminalizing gender-based violence.
Dual storms to bring late-season snow to parts of Turkey
Two storms crossing Turkey into the weekend will usher in colder air leading to a late-season snowfall in many areas. While many areas saw precipitation begin as rain on Tuesday, colder air moving …
Deepen trade with Turkey but ready sanctions, EU report says
The European Union should start negotiations on deeper trade ties with Turkey but be ready to impose economic sanctions if Ankara moves against the bloc’s interests, according to a report prepared for …
Eviction of central bank boss shakes investor confidence in Turkey
Recep Tayyip Erdogan’s shock dismissal of Turkey’s central bank chief has eroded investor confidence in the country’s economic leadership that had just begun to rebound after successive waves of …
Central Bank of Erdogan Has Foreign Cash Exiting Turkey
Erdogan’s decision to fire Naci Agbal as central bank governor in the early morning hours Saturday followed a stunning 200 basis point interest-rate increase last week that drove the benchmark rate to …
Central Bank of Erdogan Has Foreign Cash Exiting Turkey
Erdogan’s decision to fire Naci Agbal as central bank governor in the early morning hours Saturday followed a stunning 200 basis point interest-rate increase last week that drove the benchmark rate to …
European lockdown worries hit travel firms, as Turkey’s stock market falls again – business live
Turkey’s BIST 100 by sector earlier today Photograph … the financial markets, the eurozone and business. European markets are heading for a lower open today as anxiety over a third wave of Covid-19 …