Turkish lira hits record low ahead of rate decision
The Turkish lira weakened more than 2 per cent to a fresh record low against the dollar on Tuesday over market concerns that the central bank might raise interest rates this ...
Turkey’s cenbank to deliver another substantial rate hike to 20 per cent
Turkey’s central bank is expected to raise its policy rate by 500 basis points to 20 per cent this week, a Reuters poll showed on Monday, making good on its pledge ...
Turkey’s Erdogan says he is open to meeting with Syria’s Assad
Turkey’s President Tayyip Erdogan said on Monday that he was open to a meeting with Syrian President Bashar al Assad, but that setting the withdrawal of Turkish troops from ...
Kosovo buys Turkish Bayraktar drones
Kosovo has bought a batch of Turkish-made Bayraktar drones, its leader said on Sunday, at a time when it faces unrest in the north where ethnic Serbs refuse to recognise ...
Turkey increases fuel tax as it bolsters stretched budget
Turkey raised tax on petrol on Sunday to help to fund a 1.12 trillion lira ($42.2 billion) increase to its 2023 budget after February’s earthquakes and the May presidential election sent spending ...
Erdogan to put Sweden’s Nato ratification to Turkish parliament in autumn
Turkish President Recep Tayyip Erdogan said on Wednesday that he will move forward the ratification of Sweden’s Nato bid to the country’s parliament when it reopens in the ...
Erdogan says he is “more hopeful than ever” for US F-16 sale
Turkish President Tayyip Erdogan said on Wednesday that he is “more hopeful than ever” for the sale of F-16 fighter jets from the United States after he held talks with ...
Russian veto signals end of Turkey-based UN aid operation in Syria
Russia on Tuesday signaled the demise of a long-running United Nations humanitarian operation in Turkey delivering aid to 4 million people in rebel-held northwest Syria after it vetoed a 9-month authorization ...
US says to move forward with transfer of F-16 jets to Turkey
U.S. President Joe Biden will move forward with the transfer of F-16 fighter jets to Turkey in consultation with Congress, U.S. National Security Adviser Jake Sullivan said on ...
US Senator Menendez softens stance over F-16 sales to Turkey
U.S. Senate Foreign Relations Committee Chairman Bob Menendez on Monday said there was a temporary “lull” in Turkey’s “aggression against its neighbors” and said he is in talks ...
Veto on Turkey’s F-16s is an unwritten rule, Menendez says
“If the administration chooses to override the F-16 veto, I will oppose it and there will be consequences,” Senator and Chairman of the US Senate Foreign Relations Committee Robert Menendez ...
Turkey gives green light to Swedish NATO membership bid (Update 3)
Turkish President Tayyip Erdogan on Monday agreed to forward to parliament Sweden’s bid to join the NATO military alliance, appearing to end months of drama over an issue that ...
NATO allies wrangle over Ukraine membership path, Kyiv sees progress
NATO members remained divided on Monday over how to put Ukraine on a path to membership on the eve of a summit in Lithuania, but appeared to remove one key ...
Letter from six members of Congress to Blinken on Turkey, Aegean and F-16
The creation of an oversight mechanism that will be able to ensure that Turkey will not use the new F-16 fighters to violate Greek sovereignty in the Aegean has been ...
Ukraine’s Zelenskiy brings home Azovstal commanders released to Turkey
Ukrainian President Volodymyr Zelenskiy, returning home from a visit to Turkey, brought with him five commanders of Ukraine’s former garrison in Mariupol, forced to live in Turkey under the ...
Turkey’s Erdogan to host Putin, hopes for Black Sea grain deal extension
Turkey’s President Tayyip Erdogan said on Saturday that he was pressing Russia to extend a Black Sea grain deal by at least three months and announced a visit by ...
Christodoulides optimistic about upcoming Mitsotakis-Erdogan meeting
Greek Prime Minister Kyriakos Mitsotakis will discuss the Cyprus issue with the Turkish President Recep Tayyip Erdogan at the upcoming Nato summit despite it not being on the official agenda, ...
Turkey’s Erdogan says Sweden’s NATO steps undermined by protests
Turkish President Tayyip Erdogan said Sweden has taken steps in the right direction for its NATO bid with anti-terrorism legislation but continued protests there by Kurdish militant sympathisers undermined its ...
Turkish central bank says it will tighten until inflation outlook improves
Turkey’s central bank said on Monday its monetary tightening process, which it began last month with a sharp post-election rate hike, is expected to continue until a significant improvement ...
Protesters burn Koran at Stockholm mosque on Eid holiday
A man tore up and burned a Koran outside Stockholm’s central mosque on Wednesday, an event that risks angering Turkey as Sweden bids to join NATO, after Swedish police ...
Turkish lira flat after touching record low, cenbank reserves up
Turkey’s lira was mostly flat on Tuesday, after touching a new record low overnight, while bankers said the central bank’s net reserves had marked their largest rise on ...
Turkey keeps Sweden waiting on NATO membership as key summit nears
Sweden’s path to NATO membership remains blocked by Turkey and Hungary ahead of a July summit in Vilnius where it hopes to join Nordic neighbour Finland as a full ...
Turkey’s Erdogan, Greece’s Mitsotakis to meet at July NATO summit
Turkish President Tayyip Erdogan and Greek Prime Minister Kyriakos Mitsotakis will meet on the sidelines of a NATO summit in Vilnius next month, Mitsotakis’ office said on Monday, a day ...
Turkey’s lira hits new low after bank rules’ rollback
The Turkish lira slid as much as 3% to a record low against the dollar on Monday, after the central bank took steps to simplify policy, while an official and bankers ...