Turkey’s quakes revive concern for northwestern industrial hub
By Birsen Altayli ISTANBUL (Reuters) – Earthquakes in southeastern Turkey that destroyed cities and killed 44,000 people have prompted authorities to look again at how …
turkey’s
Turkey’s economy grew 5.6% in 2022, pace to slow after earthquakes
By Nevzat Devranoglu and Ali Kucukgocmen ISTANBUL (Reuters) – Turkey’s economy expanded 5.6% in 2022, official data showed on Tuesday but growth was expected to …
Defying odds: A story of survival under Turkey’s earthquake rubble
By Ali Kucukgocmen MERSIN, Turkey (Reuters) -Huseyin Berber’s voice was hoarse from calling for help from under the rubble of his home but he was …
Turkey’s lira hits record low but rebounds after quake, stocks slip
LONDON (Reuters) – Turkey’s lira briefly dipped to a record low and its main stock market fell 1.35% on Monday as a major earthquake added …
Turkey’s tourism gains in war-hit 2022 but trade deficit widens
By Canan Sevgili and Can Sezer ISTANBUL (Reuters) – Turkey’s tourism revenue hit a record $46.3 billion in 2022 even as its trade deficit swelled …
Turkey’s Erdogan signals Finland’s NATO bid may be considered over Sweden
ANKARA (Reuters) – Turkish President Tayyip Erdogan signalled on Sunday that Ankara may agree to Finland joining NATO ahead of Sweden, amid growing tensions with …
Turkey’s inflation drops to 64.27% in December due to base effect
ISTANBUL (Reuters) – Turkish annual inflation slid to 64.27% in December, official data showed on Tuesday, below forecast, dropping because of a favourable base effect …
Erdogan: Turkey’s inflation will fall to 40% in months, 20% in 2023
ANKARA (Reuters) – Turkey’s President Tayyip Erdogan said on Monday it was “apparent” that inflation would fall to around 40% in a few months, and …
Turkey’s economic growth slows to 3.9% in Q3 as foreign demand falls
By Nevzat Devranoglu and Ali Kucukgocmen ANKARA (Reuters) – Turkey’s economy expanded 3.9% in the third quarter from a year ago, according to official data …
Turkey’s economy grew 4% in Q3; 2022 growth seen at 5%: Reuters Poll
ISTANBUL (Reuters) – Turkey’s economy is expected to have expanded 4% in the third quarter and will grow 5% overall in 2022, a Reuters poll …
One thousand free turkeys with all the fixings to be handed out in Toms River
TOMS RIVER, NJ – For families struggling with inflation and the astronomical increase in food costs, the Presbyterian Church at 1070 Hooper Avenue will be …
Turkey’s inflation hits 24-year high of 85.5% after rate cuts
ISTANBUL (Reuters) -Turkish annual inflation climbed to a new 24-year high of 85.51% in October, official data showed on Thursday, slightly below forecast, after the …
Exclusive-In letter, Sweden lists ‘concrete actions’ on Turkey’s concerns over NATO bid
By Jonathan Spicer ISTANBUL (Reuters) – Sweden has taken “concrete action” to address Turkey’s concerns over its NATO membership bid, including stepping up counter-terrorism efforts …
Bird Flu Is Back For Thanksgiving, Killing Millions Of Turkeys And Jacking Up Prices
Bird Flu Is Back For Thanksgiving, Killing Millions Of Turkeys And Jacking Up Prices John Hugh DeMastri on October 18, 2022 A new, deadly …
Turkey’s ‘disinformation’ bill to have pre-election ‘chilling effect’ -Europe watchdog
ISTANBUL (Reuters) – Turkey’s proposed “disinformation” bill threatens free speech and could further harm journalism ahead of next year’s elections, a European rights watchdog’s legal …
Turkey’s Erdogan says he will keep cutting rates “as long as I am in power”
ANKARA (Reuters) – Turkish President Tayyip Erdogan vowed on Saturday that the central bank would continue to cut its policy interest rates every month for …
Turkey’s Erdogan says received “positive” feedback from U.S. senators on F-16s
UNITED NATIONS (Reuters) – Turkey President Tayyip Erdogan told Reuters on Tuesday that he has received “positive” feedback from the U.S. senators he has met …
Putin expects to discuss Black Sea grain deal with Turkey’s Erdogan next week
MOSCOW (Reuters) – The Kremlin said on Friday that it expected President Vladimir Putin and his Turkish counterpart Tayyip Erdogan to discuss the implementation of …
Bearing the scars: One year of Turkey’s unorthodox easing cycle
By Canan Sevgili GDANSK (Reuters) – Nearly 12 months ago, Turkey’s central bank embarked on a rate-cutting cycle in the face of soaring inflation, defying …
Special Report-Insiders reveal how Erdogan tamed Turkey’s newsrooms
By Jonathan Spicer ISTANBUL (Reuters) – When President Tayyip Erdogan’s son-in-law suddenly quit as finance minister in late 2020, four staff in Turkey’s leading newsrooms …
Erdogan’s plan to manage Turkey’s economic crisis gets summer reprieve
By Nevzat Devranoglu and Orhan Coskun ANKARA (Reuters) – A windfall of foreign funds arriving in Turkey and sustained interest in a state-backed deposit scheme …
FT says Western governments are alarmed over Turkey’s deepening ties with Russia
(Reuters) – Western governments are increasingly alarmed about deepening economic ties between Turkey and Russia, warning of the mounting risk that Turkey could be hit …
Turkey’s C/A deficit seen at $3.4 billion in June; $40.2 billion at year-end: Reuters poll
ISTANBUL – Turkey’s current account is expected to record a deficit of $3.4 billion in June and end the year with a deficit of more …
Turkey’s banking watchdog eases regulations on lira loans to FX-rich firms
ISTANBUL – Turkey’s BDDK banking watchdog on Thursday eased some of the regulations that restricted FX-rich companies from obtaining Turkish lira loans. A decision published …
Turkey’s lira, bonds extend decline on inflation, rate cut concerns
By Nevzat Devranoglu ANKARA -Turkey’s lira tumbled more than 2% against the U.S. dollar on Wednesday and its bonds dropped sharply as worries grew over …
Turkey’s talks with Sweden, Finland made little progress on NATO concerns: sources
By Orhan Coskun and Jonathan Spicer ANKARA – Talks between Turkish officials and delegations from Sweden and Finland this week in Turkey made little headway …
Turkey’s FLO in talks to take over Reebok’s stores in Russia – chairman
By Ceyda Caglayan ISTANBUL – Turkish shoe retailer FLO Magazacilik is in talks to buy more than 100 stores owned by fitness brand Reebok in …
UniCredit completes sale of Turkey’s Yapi Kredi
MILAN – UniCredit has finalised the sale of its remaining 18% stake in Turkey’s Yapi Kredi Bank to Istanbul-listed Koc Holding, Italy’s second-biggest lender said …
Turkey’s C/A deficit seen rising to 4% of GDP this year -Goldman
ISTANBUL – Turkey’s current account deficit is expected to rise to $32 billion or 4.0% of GDP this year, more than the 2.5% previously forecast, …
Wary of Western sanctions, Turkey’s banks resist Russian customers -sources
By Ebru Tuncay and Orhan Coskun ISTANBUL -Russians newly arrived in Turkey are struggling to make deposits and transfers at banks that are taking a …
Analysis-Fallout of Ukraine war exposes Turkey’s vulnerable economy
By Can Sezer and Orhan Coskun ISTANBUL – President Tayyip Erdogan’s wager that Turkey could ride out an inflation and currency shock with low rates …
Turkey’s trade deficit surges, energy costs add to risks
By Nevzat Devranoglu ISTANBUL – Turkey’s trade deficit widened 186% year-on-year in the first two months of the year due to a surging energy bill, …
Turkey’s foreign arrivals surge 151% in January from year ago
ISTANBUL – The number of foreign visitors arriving in Turkey jumped 151% from a year earlier to 1.28 million in January, data showed on Monday, …
Turkey’s Ziraat Bank raises capital to 34.9 billion lira
ISTANBUL – The capital of Turkey’s Ziraat Bank will be raised to 34.9 billion lira ($2.57 billion) according to footnotes of the bank’s annual financial …
Watch: Wild turkeys chase NYPD cruiser out of neighborhood
The anti-police sentiment in New York City is getting out of hand. This week, a gang of neighborhood turkeys chased a New York City patrol …