In a good news, Taner Kılıç of Amnesty released, as Turkey approaches EU “to buy some time before day of IMF reckoning

After 14 months in prison on terrorism charges, human rights activist Taner Kilic will be released.

Turkey buys time before day of IMF reckoning

Main elements of crisis remain unaddressed, with eventual bailout most probable outcome

Until reports came on Thursday night that the US was preparing to impose more sanctions, the Turkish government had had a decent few days. The currency crisis, which threatened to become chaotic on Monday, had improved. The lira had almost returned to its level of a week ago. During that time, the country had increased liquidity in its banking system, unveiled $15bn (£11.8bn) of direct investment from Qatar, announced a clampdown on short-sellers and on Thursday its finance minister, Berat Albayrak, talked the language of fiscal discipline on a phone call with investors. There have been worse fightbacks.

Turkey’s diplomatic offensive against the sanctions imposed by the United States continued on Aug. 16 as it was engaged in more high level talks with Germany and France.
Foreign Minister Mevlüt Çavuşoğlu has said talks with the EU over visa-free travel for Turkish nationals will be accelerated in the coming period, in a sign of improvement in Ankara-Brussels dialogue amid the former’s economic difficulties.

Turkish lira recovers as finance chief bids to calm investors

Currency rises from record low against US dollar but investors remain anxious at lack of interest rate rise

Turkey’s lira continued its recovery on Thursday, ahead of a crucial conference call between the country’s finance minister and international investors.

Amnesty International – Aug 15, 12:48 PM

Following a decision by a court in Istanbul to release the Honorary Chair of Amnesty International Turkey, Taner Kilic after more than fourteen months behind bars, Kumi Naidoo, Amnesty International’s new Secretary General said: “We are

Turkish internet service providers have blocked access to Periscope, the live streaming service owned by Twitter, Inc.  The measure is believed to be temporary, in compliance with a court order issued to prevent unlicensed broadcasts of the sporting events.

Turks Scramble as Lira Falls and Prices Soar

Some businesses have doubled prices on imported goods this year and are already feeling a fall off in sales, as economists warn of galloping inflation.

Why Inflation Is Bad for Populist Strongmen

Turkey’s president appears to be going down a perilous path traversed by the failed strongmen of Venezuela and Zimbabwe.
Muslim-friendly resorts witness a surge in business as demand for getaways that comply with Islamic law rises.
The cost of flash floods caused by heavy rains in the Black Sea province of Ordu is estimated to be at 165 million Turkish Liras ($27.1 million), Enver Yılmaz, the mayor of the city, said on Aug. 14.

All the day’s economic and financial news, including the latest on the Turkish currency crisis that has spooked investors

Finance Minister Berat Albayrak said on Aug. 16 Turkey fully understood and recognised all its domestic challenges and will come out of the current market volatility stronger.

‘She insulted my manhood’: Turkey faces fresh scrutiny on LGBT rights

In a country where violence against gay people is often excused on grounds of unjust provocation, the fatal shooting of a trans woman has caused renewed fear

Simge Avcı loved practical jokes, says her roommate Bahar, recalling how her friend would giggle after pretending to spill the contents of an empty teapot on her startled victims.

Bahar (not her real name), 25, had lived with Avcı for seven years in Samsun, a small, sleepy city on the Black Sea coast of Turkey.

A Chinese pop song with lyrics referring to “romantic Turkey” has almost doubled the number of tourists from China, Culture and Tourism Ministry data shows.

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