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turkey

World Bank to increase exposure to Turkey to $35 billion within three years – Anadolu

September 7, 2023
World bank to increase exposure to turkey to $35 billion within three years - anadolu - photo licensed by shore news network.

ANKARA (Reuters) – The World Bank plans to increase its exposure to Turkey to $35 billion within three years, the bank’s Turkey country director was …

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Turkey hikes year-end inflation forecast to 65%

September 6, 2023
Turkey hikes year-end inflation forecast to 65% - photo licensed by shore news network.

ANKARA (Reuters) – Turkey’s government raised its annual inflation forecast to 65% for this year and 33% next year, while also trimming economic growth forecasts …

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JPMorgan ups Turkey inflation, interest rate forecasts

September 4, 2023September 4, 2023
Jpmorgan ups turkey inflation, interest rate forecasts - photo licensed by shore news network.

LONDON (Reuters) – Higher-than-expected inflation data for August published on Monday prompted JPMorgan to revise its year-end inflation forecast to 65% from 62% with the …

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Most Turkey depositors returned to forex after leaving lira scheme

September 4, 2023September 4, 2023
Most turkey depositors returned to forex after leaving lira scheme - photo licensed by shore news network.

By Ebru Tuncay and Can Sezer ISTANBUL (Reuters) – Turkish depositors mostly converted funds back to dollars last month when they withdrew from state depreciation-protected …

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Iraq oil minister in Turkey to discuss resuming northern oil exports -sources

August 21, 2023
Iraq oil minister in turkey to discuss resuming northern oil exports -sources - photo licensed by shore news network.

BAGHDAD (Reuters) – Iraq’s oil minister Hayan Abdel-Ghani arrived in the Turkish capital Ankara to discuss several issues including the resumption of oil exports through …

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Turkey curbs credit card use for foreign travel, in blow to sector

August 1, 2023

By Ceyda Caglayan ISTANBUL (Reuters) – Turkey’s banking watchdog has stopped allowing credit card payments by instalment for foreign travel, such as flights, travel agency …

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Turkey quake contributed to $43 billion in H1 insurance losses – Munich Re

July 28, 2023
Turkey quake contributed to $43 billion in h1 insurance losses - munich re - photo licensed by shore news network.

BERLIN (Reuters) – A deadly earthquake in Turkey and Syria as well as tornadoes and hailstorms in the United States contributed to losses covered by …

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Turkey policy moves are steps in right direction – EBRD official

July 21, 2023July 21, 2023
Turkey policy moves are steps in right direction - ebrd official - photo licensed by shore news network.

By Nevzat Devranoglu and Zeynep Berkem ANKARA (Reuters) – Turkey’s latest monetary and fiscal moves are steps in the right direction, though regaining credibility in …

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JPMorgan ups Turkey inflation, growth forecasts after rates decision

July 20, 2023
Jpmorgan ups turkey inflation, growth forecasts after rates decision - photo licensed by shore news network.

LONDON (Reuters) – Wall Street bank JPMorgan revised both its growth and inflation outlooks for Turkey upwards after the central bank delivered a smaller-than-expected interest …

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‘Blackmail’: Biden Admin Conveniently Approves Transfer Of Fighter Jets To Turkey After It Approves Sweden’s NATO Bid

July 11, 2023

‘Blackmail’: Biden Admin Conveniently Approves Transfer Of Fighter Jets To Turkey After It Approves Sweden’s NATO Bid Jake Smith on July 11, 2023 The Biden …

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US Sen. Menendez says he is talking with Biden administration on F-16 sales to Turkey

July 10, 2023July 10, 2023
Us sen. Menendez says he is talking with biden administration on f-16 sales to turkey - photo licensed by shore news network.

WASHINGTON (Reuters) – U.S. Senate Foreign Relations Committee Chairman Bob Menendez on Monday said there was a temporary “lull” in Turkey’s “aggression against its neighbors” …

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Turkey aims to ensure fiscal discipline and lower budget deficit -Finance Minister

July 9, 2023July 9, 2023
Turkey aims to ensure fiscal discipline and lower budget deficit -finance minister - photo licensed by shore news network.

ISTANBUL (Reuters) – Turkey is taking measures to re-establish fiscal discipline and control the level of the budget deficit, Finance Minister Mehmet Simsek said on …

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Ukraine’s Zelenskiy brings home Azovstal commanders from Turkey on war’s 500th day

July 8, 2023July 8, 2023
Ukraine's zelenskiy brings home azovstal commanders from turkey on war's 500th day - photo licensed by shore news network.

KYIV (Reuters) -President Volodymyr Zelenskiy brought home from Turkey on Saturday five former commanders of Ukraine’s garrison in Mariupol, a highly symbolic achievement that Russia …

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Hungary foreign minister says he was in touch with Turkey on Sweden’s NATO bid

July 4, 2023July 4, 2023
Hungary foreign minister says he was in touch with turkey on sweden's nato bid - photo licensed by shore news network.

By Boldizsar Gyori BUDAPEST (Reuters) – Hungary’s foreign minister said on Tuesday that he had been in touch with his Turkish counterpart about a ratification …

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Turkey pledges to keep tightening until inflation outlook improves

July 3, 2023
Turkey pledges to keep tightening until inflation outlook improves - photo licensed by shore news network.

By Orhan Coskun, Ezgi Erkoyun and Huseyin Hayatsever ANKARA (Reuters) – Turkey will continue its monetary policy U-turn, which began with a sharp post-election rate …

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Smaller-than-expected Turkey rate hike hits lira, bonds

June 22, 2023June 22, 2023
Smaller-than-expected turkey rate hike hits lira, bonds - photo licensed by shore news network.

LONDON (Reuters) – Turkey’s new central bank governor Hafize Gaye Erkan delivered a smaller-than-expected interest rate hike at her first rate meeting on Thursday, sending …

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Turkey to tackle inflation, follow free market rules – VP

June 15, 2023
Turkey to tackle inflation, follow free market rules - vp - photo licensed by shore news network.

By Nevzat Devranoglu ANKARA (Reuters) -Turkey will take steps to lower inflation and will follow free market rules as it acts to raise competitiveness and …

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Man, child charged for turkey poaching

June 12, 2023
Man, child charged for turkey poaching - photo licensed by shore news network.

HANCOCK, MD – Jeffery Lynn McCarty, 57, of Hancock, was issued a total of 16 citations by the Maryland Natural Resources Police for various hunting …

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JPMorgan expects Turkey central bank to lift rates to 25% on June 22

June 12, 2023June 12, 2023
Jpmorgan expects turkey central bank to lift rates to 25% on june 22 - photo licensed by shore news network.

LONDON (Reuters) – JPMorgan said on Monday it expects Turkey’s central bank to hike interest rates to 25% from the current 8.5% at its June …

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Goldman Sachs: “Fully orthodox” policy maker could raise Turkey rates to 40%

June 9, 2023June 9, 2023
Goldman sachs: "fully orthodox" policy maker could raise turkey rates to 40% - photo licensed by shore news network.

LONDON (Reuters) – Goldman Sachs said on Friday the appointments of Mehmet Simsek as Turkish finance minister and Hafize Gaye Erkan as central bank governor …

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Erdogan names Erkan to head Turkey central bank, policy pivot expected

June 9, 2023June 9, 2023
Erdogan names erkan to head turkey central bank, policy pivot expected - photo licensed by shore news network.

By Daren Butler and Jonathan Spicer ISTANBUL (Reuters) -President Tayyip Erdogan on Friday appointed Hafize Gaye Erkan, a finance executive in the United States, to …

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Lira hits record low as Turkey prepares for new cabinet

May 31, 2023
Lira hits record low as turkey prepares for new cabinet - photo licensed by shore news network.

ISTANBUL (Reuters) -Turkey’s lira tumbled on Wednesday to a fresh record low against the dollar as President Tayyip Erdogan prepared to decide the shape of …

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Turkey wants action from NATO hopeful Sweden over flag incident

May 30, 2023
Turkey wants action from nato hopeful sweden over flag incident - photo licensed by shore news network.

ANKARA (Reuters) – Turkey called on NATO hopeful Sweden on Tuesday to prosecute those responsible for projecting the flag of an outlawed group onto the …

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Turkey initial results show Erdogan with edge in runoff

May 28, 2023
Turkey initial results show erdogan with edge in runoff - photo licensed by shore news network.

ISTANBUL (Reuters) – President Tayyip Erdogan led Turkey’s runoff election with 54.78% support based on Sunday’s initial results versus challenger Kemal Kilicdaroglu with 45.22%, with …

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Erdogan defies predictions of political demise ahead of Turkey election runoff

May 26, 2023
Erdogan defies predictions of political demise ahead of turkey election runoff - photo licensed by shore news network.

By Can Sezer and Jonathan Spicer ISTANBUL (Reuters) – President Tayyip Erdogan has defied forecasts of his political demise in Turkey’s elections, rallying voters with …

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Erdogan rival pledges to repatriate all refugees before Turkey runoff

May 18, 2023
Erdogan rival pledges to repatriate all refugees before turkey runoff - photo licensed by shore news network.

ANKARA (Reuters) – Tayyip Erdogan’s challenger in Turkey’s presidential race has sharpened his tone on migrants on Thursday, vowing to send all migrants back to …

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Marketmind: Debt ceiling jitters, Turkey vote, Soros ditches Tesla

May 15, 2023
Marketmind: debt ceiling jitters, turkey vote, soros ditches tesla - photo licensed by shore news network.

(Reuters) – A look at the day ahead in U.S. and global markets by Amanda Cooper. Time is running out to break the impasse on …

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Explosion, fire at Penn Township turkey barn, no injuries reported, livestock unharmed

May 2, 2023
Fire

PENN TOWNSHIP, PA – At 2:20 AM on Monday, NLCRPD Officers responded to a structure fire in the 300 block of E. Lexington Road. Police …

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Turkey cenbank gross reserves seen down $5 billion last week -bankers

April 25, 2023
Turkey cenbank gross reserves seen down $5 billion last week -bankers - photo licensed by shore news network.

ANKARA (Reuters) – Turkish central bank total gross reserves are expected to have fallen more than $5 billion to about $116 billion last week due …

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Turkey year-end inflation seen at 46% despite likely post-election rate hikes – Reuters poll

April 24, 2023
Turkey year-end inflation seen at 46% despite likely post-election rate hikes - reuters poll - photo licensed by shore news network.

ISTANBUL (Reuters) – Turkish inflation will dip to 46.4% by end-2023, a Reuters poll showed on Monday, while the policy rate is seen rising to …

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Foreign investors set sights on Turkey after elections

April 19, 2023
Foreign investors set sights on turkey after elections - photo licensed by shore news network.

By Orhan Coskun and Birsen Altayli ANKARA (Reuters) – International investors are looking to increase investments in Turkey, notably in mergers and acquisitions, as they …

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JPMorgan sees Turkey lira diving towards 30 per dollar after elections

April 14, 2023
Jpmorgan sees turkey lira diving towards 30 per dollar after elections - photo licensed by shore news network.

By Marc Jones LONDON (Reuters) – Turkey’s lira is likely to drop sharply and could near 30 to the dollar following next month’s elections, bankers …

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Iraq petitions US court to enforce oil export arbitration award against Turkey

April 11, 2023
Iraq petitions us court to enforce oil export arbitration award against turkey - photo licensed by shore news network.

ISTANBUL (Reuters) – Iraq has petitioned a U.S. federal court to enforce an arbitration award against Turkey related to Iraqi oil exports through a pipeline …

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Peru police seize $20 million of cocaine headed for Turkey

March 27, 2023
Peru police seize $20 million of cocaine headed for turkey - photo licensed by shore news network.

LIMA (Reuters) – Peruvian authorities said Monday they seized 2.3 tonnes of cocaine disguised as ceramic tiles destined for Turkey via a growing maritime route …

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Gaithersburg Man Identified as Victim in Fatal Turkey Foot Road Accident; Investigation Ongoing

March 24, 2023
Gaithersburg man identified as victim in fatal turkey foot road accident; investigation ongoing - photo licensed by shore news network.

MONTGOMERY COUNTY, MD – Detectives from the Montgomery County Department of Police – Collision Reconstruction Unit (CRU) continue investigating a fatal single-vehicle accident on Turkey …

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EU-led donors to provide 7 billion euros to help rebuild Turkey after earthquake

March 20, 2023
Eu-led donors to provide 7 billion euros to help rebuild turkey after earthquake - photo licensed by shore news network.

By Gabriela Baczynska BRUSSELS (Reuters) – Donors at a European Union-led conference on Monday pledged 7 billion euros ($7.5 bln) to help to rebuild Turkey …

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US urges Turkey to quickly ratify Sweden’s NATO bid

March 17, 2023
Us urges turkey to quickly ratify sweden's nato bid - photo licensed by shore news network.

WASHINGTON (Reuters) – The United States welcomed Turkish President Tayyip Erdogan’s announcement on Friday that the country’s parliament will begin ratifying Finland’s NATO bid, and …

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Turkey cannot recover ancient ‘Stargazer’ idol from Christie’s -U.S. court

March 8, 2023
Turkey cannot recover ancient 'stargazer' idol from christie's -u. S. Court - photo licensed by shore news network.

By Jonathan Stempel NEW YORK (Reuters) -Turkey cannot recover a 6,000-year-old marble idol from Christie’s and hedge fund billionaire Michael Steinhardt after waiting an unreasonably …

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Turkey faces challenge ‘beyond comprehension’ to clear earthquake rubble

March 2, 2023
Turkey faces challenge 'beyond comprehension' to clear earthquake rubble - photo licensed by shore news network.

By Ece Toksabay and Timour Azhari ANTAKYA, Turkey (Reuters) – After the deadliest earthquake in its modern history, Turkey faces the daunting task of disposing …

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Earthquake death toll in Turkey rises above 45,000 – AFAD

March 1, 2023
Earthquake death toll in turkey rises above 45,000 - afad - photo licensed by shore news network.

ISTANBUL (Reuters) – The death toll in Turkey from last month’s devastating earthquake has risen to 45,089, the Disaster and Emergency Management Authority (AFAD) said …

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UN food agency chief tells of ‘apocalyptic’ scenes in quake-hit Turkey

February 25, 2023
Un food agency chief tells of 'apocalyptic' scenes in quake-hit turkey - photo licensed by shore news network.

ROME (Reuters) – The head of the United Nation’s World Food Programme (WFP) said on Saturday he was confronted with “apocalyptic” scenes as he visited …

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Earthquake death toll surpasses 50,000 in Turkey and Syria

February 24, 2023
Earthquake death toll surpasses 50,000 in turkey and syria - photo licensed by shore news network.

ANKARA (Reuters) – The death toll from the earthquakes in Turkey and Syria that struck on Feb. 6 surpassed 50,000 on Friday after Turkey declared …

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Turkey introduces regulations for earthquake rebuild -Official Gazette

February 24, 2023
Turkey introduces regulations for earthquake rebuild -official gazette - photo licensed by shore news network.

ISTANBUL (Reuters) – Turkey has imposed regulations for earthquake rebuilding work in its region hit by this month’s devastating tremors, according to a presidential decree …

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U.S. will back quake-hit Turkey “as long as it takes”, Blinken says

February 20, 2023
U. S. Will back quake-hit turkey "as long as it takes", blinken says - photo licensed by shore news network.

ANKARA (Reuters) – The United States will support Turkey “for as long as it takes” after its devastating earthquakes, Secretary of State Antony Blinken said …

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Turkey terrorizing South Jersey town for weeks has finally been captured

February 17, 2023
Turkey terrorizing south jersey town for weeks has finally been captured - photo licensed by shore news network.

GLOUCESTER TOWNSHIP, NJ – Residents of Gloucester Township who have been terrorized by a rogue turkey in recent weeks can rest easy tonight. Named “Perry”, …

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Turkey earthquake could result in loss of up to 1% of country’s GDP in 2023

February 16, 2023
Turkey earthquake could result in loss of up to 1% of country's gdp in 2023 - photo licensed by shore news network.

By Jorgelina do Rosario LONDON (Reuters) – The potential economic effects of the earthquake in Turkey could result in a loss of up to 1% …

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Earthquake could cost Turkey up to $84 billion – business group

February 13, 2023
Earthquake could cost turkey up to $84 billion - business group - photo licensed by shore news network.

By Nevzat Devranoglu ANKARA (Reuters) – Turkey’s worst earthquake in almost a century has left a trail of destruction that could cost Ankara up to …

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Looting and hygiene worries add to rescuers’ burden in Turkey

February 11, 2023
Looting and hygiene worries add to rescuers' burden in turkey - photo licensed by shore news network.

By Ali Kucukgocmen ANTAKYA, Turkey (Reuters) – Volunteers struggling to find ever fewer survivors in the quake-hit Turkish city of Antakya said on Saturday ransacking …

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U.N. aid chief says world must remember those displaced by quake in Turkey and Syria

February 11, 2023
U. N. Aid chief says world must remember those displaced by quake in turkey and syria - photo licensed by shore news network.

Kahramanmaras (Reuters) – UN aid chief Martin Griffiths appealed on Saturday to remember thousands of people who needed shelter and food while rescuers kept searching …

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UN chief pushes for more aid access to Syria from Turkey

February 9, 2023
Un chief pushes for more aid access to syria from turkey - photo licensed by shore news network.

By Michelle Nichols UNITED NATIONS (Reuters) -UN Secretary-General Antonio Guterres on Thursday pushed for more aid access to northwestern Syria from Turkey, seeking an expanded …

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