Turkey

The Turkish central bank left interest rates unchanged on Thursday. New bank governor Şahap Kavcıoğlu did not give in to pressure from Turkish President Recep Tayyip Erdoğan, who would like to see interest rates cut. Kavcıoğlu was…
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Charles Michel, the chairman of the council of EU government leaders, has been sleeping badly "out of shame" since Ursula von der Leyen, the European Commission president, was not given a suitable seat earlier this week when visiting the…
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The stock exchange in Istanbul fell sharply on Monday. The sharp fall in the price of the Turkish lira frightened investors. The Turkish currency plummeted 15 percent against the US dollar after President Recep Tayyip Erdogan fired…
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The European Union calls on Turkey to uphold the women's rights treaty cancelled by President Erdogan. "Violence against women is inadmissible. Women deserve protection through solid legislation," said European Commission President…
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In the closing quarter of last year, the Turkish economy grew faster than any other country, except for China. The Turkish economy also improved throughout 2020, despite the blow of the large disappearance of tourism due to the…
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Turkey has started a so-called anti-dumping case against imports of steel from the European Union and South Korea. The Turks say they have found sufficient evidence that 'hot-rolled steel' has been dumped on the Turkish market. …
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The Turkish central bank has sharply increased interest rates in the country. The primary interest rate went from 10.25 percent to 15 percent. Shortly after the announcement, the Turkish currency gained significantly in value. The…
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Turkish Central Bank Top Executive has been fired and immediately replaced after the continued fall of the Turkish lira. The national currency has already depreciated more than 30 percent against the dollar this year, and the…
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Turkish President Erdogan has disregarded sanctions that the United States may impose for testing Russia's controversial S-400 missile defence system. "Whatever your sanctions are, don't hesitate to apply them," he said in a…
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The Turkish research vessel Oruc Reis returned on Sunday from a controversial mission near Crete. Tensions between Turkey and Greece have risen in recent weeks as the ship began investigating possible oil and gas reserves in the…
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