Turkish central bank details policy simplification measures
The Turkish Central Bank said on Tuesday it had set the monthly growth limit for lira commercial loans at 2.5 per cent, down from a previous 3 per cent, excluding export, investment ...
Turkey raises euro rate for medicine prices by 30.5 per cent
Turkey has raised the euro-lira conversion rate for medicine prices by 30.5 per cent to 14.0387 lira per euro, the country’s Official Gazette showed on Sunday.
The updated conversion rate is ...
Turkey introduces 15 per cent required reserves for FX-protected lira deposits
The Turkish central bank introduced 15 per cent required reserves for FX-protected lira deposits, a table published on Official Gazette showed early on Friday.
Bankers said the change in required reserves ...
US State Dept. sends clear message to Turkey about Cyprus solution
The US State Department on Friday expressed opposition to the partition solution promoted by Turkish President Tayyip Erdogan for Cyprus.
According to Cybc, US State Department spokesman Matthew Miller, responding ...
Russia pounds Ukraine’s grain, UN warns of hunger from price rises
Russia pounded Ukrainian food export facilities for a fourth day in a row on Friday and practised seizing ships in the Black Sea in an escalation of what Western leaders ...
The mismatched metamorphosis of Turkey’s financial markets
Whisper it, but for all the warnings of a Turkish financial market meltdown if Tayyip Erdogan won May’s presidential vote, some parts of it have done rather well, although ...
Kosovo court sentences former spy chief over Turkish arrests
A Kosovo court has sentenced the country’s former secret service chief to four years and eight months in prison for the arrest and extradition to Turkey of six Turkish ...
North signs agreement on undersea electricity cable
An agreement signed between Turkey and the north for the construction of a new two-way undersea electric cable was signed by Turkish vice president Cevdet Yilmaz and the north’s ‘...
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 ...