Turkey

The Turkish lira sank to a fresh record low on Thursday after the central bank delivered yet another surprise interest rate cut, this time of 100 basis points. The CBRT cut ...

A Turkish court adjourned until November the hearing of Istanbul Mayor Ekrem Imamoglu, a popular opponent of President Tayyip Erdogan, after gatherings near the courthouse were banned under heavy police ...

Turkish President Recep Tayyp Erdogan called on the international community to stop imposing sanctions on the Turkish Cypriots and to eliminate all forms of embargo, “to stop this tyranny once ...

Israeli Prime Minister Yair Lapid and Turkish President Tayyip Erdogan met on the sidelines of the U.N. General Assembly on Tuesday for the first face-to-face talks between leaders of ...

Turkish lenders Isbank and Denizbank have suspended the use of Russian payment system Mir, the banks said late Monday, following a U.S. crackdown on those accused of helping Moscow ...

Russian President Vladimir Putin said on Friday that 25% of Russian gas supplies to Turkey would be paid for in roubles, and that an agreement on this would come into force ...

Turkish contractor IC Ictas re-captured a deal to build a $20-billion nuclear power plant run by Russia’s Rosatom at Akkuyu in southern Turkey, two sources with information on the ...

Turkey‘s intelligence chief has held multiple meetings with his Syrian counterpart in Damascus over the last few weeks, a sign of Russian efforts to encourage a thaw between states ...

Turkish florists are resorting to cargo planes instead of trucks as they rush to send as many flowers as they can to the United Kingdom to meet a deluge of ...

Some Turkish banks are curtailing corporate lending after the government’s latest raft of regulations raised their costs and forced many to cut their balance sheet risks, five banking and ...

The Turkish central bank’s foreign currency reserves are getting stronger as friendly countries are providing support, President Tayyip Erdogan said, broadcaster Haberturk reported on Friday. The central bank’s ...

The Turkish foreign ministry has made new allegations against Greece, claiming that Greek coastguard vessels on Saturday harassed the Comoros-flagged Ro-Ro ship Anatolian, and fired warning shots some 11 nautical miles ...

Nearly 12 months ago, Turkey’s central bank embarked on a rate-cutting cycle in the face of soaring inflation, defying traditional monetary policy and running against a global trend of rising ...

Turkish President Tayyip Erdogan said on Tuesday that Russia is cutting natural gas flows to Europe in retaliation for sanctions, adding that Europe is “reaping what it sowed”. Fears in ...

Turkey’s annual inflation climbed to a fresh 24-year high of 80.21 per cent in August, a bit below expectations according to data on Monday, after the central bank unexpectedly cut ...

The EU voiced concern on Monday over what it called “hostile remarks” after Turkish President Tayyip Erdogan accused Greece of occupying demilitarised islands in the Aegean and said Turkey was ...

A Turkish warship has docked in Israel for the first such visit in more than a decade as relations between the U.S. allies improve following fierce feuding over the ...

Turkish President Tayyip Erdogan accused Greece on Saturday of occupying islands in the Aegean Sea that have a demilitarised status, and said Turkey was prepared to “do what is necessary” ...

The Turkish central bank’s net international reserves fell $1.26 billion to $12.62 billion in the week to Aug. 26, central bank data showed on Thursday. The exchange rate used by Reuters on ...

A cargo vessel carrying more than 3,000 tonnes (3,307 tons) of corn from Ukraine was towed to anchorage in Istanbul on Friday after it briefly ran aground, a shipping agency said, the ...

Turkish authorities raised electricity and natural gas prices for households by around 20 per cent and by around 50 per cent for industry on Thursday, putting further upward pressure on inflation, which ...

Cuba, mired in an energy crisis that has brought frequent blackouts, is negotiating with a Turkish company to have it double the megawatts it currently produces for the country from ...

The island’s Foreign Ministry on Wednesday clarified that the decision in principle by EU Foreign Ministers to suspend the Visa Facilitation Agreement does not mean abrogation or ban on ...

Gulf banks with exposure to Turkey are expected to make further net monetary losses on their investments in the second half of this year and into 2023, ratings agency Fitch said ...