Germany Tightens Screws on International Funds to Turkey Bloomberg – More stories by Birgit Jennen – Oct 25, 10:22 AM The German government is wielding its influence with international development institutions to restrict financing to Turkey over an escalating political dispute, people familiar with the matter said. Germany is actively working to cut funding to ************** … Read more
69,301 Students Behind Bars: Increase by a Factor of 25 in 4 Years Bianet :: English Minister of Justice has announced that 69,301 students were currently behind bars in Turkey. CHP İstanbul MP and member of Commission on Human Rights Watch İlgezdi pointed out to arising problems such as expulsion due to absence, lack of learning … Read more
U.S. Charges 4 Turks With Conspiring to Violate Iran Sanctions NYT > Turkey by By BENJAMIN WEISER The indictment, an expansion of a broader conspiracy case, claims that the Turks provided services to the Iranian government and “intended to deceive U.S. regulators.” Turkish economy minister defends predecessor Çağlayan over Iran sanctions charges Economy Minister Nihat Zeybekci claimed on … Read more
Turkish tourism’s three-year loss may hit $30 billion unless urgent measures taken: Association Hurriyet Daily News Turkey’s struggling tourism sector may lose up to $30 billion over the three-year period covering 2016, 2017 and 2018 if a number of key measures are not taken And non-touristy areas, no country for old women…
This happened yesterday. An old woman who was protesting her son’s situation was detained like this… In the meantime; Turkey’s unemployment rate rises to 12.6 percent, youth unemployment to 23.3 percent in February Turkey’s unemployment rate was announced at 12.6 percent in the February period, with a 1.7 percent year-on-year increase, official data showed on May … Read more
Turkey’s annual inflation goes up 11.2 percent in March, highest since 2008 Consumer prices in Turkey rose 11.29 percent year-on-year in March from 10.13 percent last month, data from the Turkish Statistics Institute (TÜİK) showed on April 3. Turkey | Energy Hub Report Mavi Boncuk by M.A.M Mavi Boncuk |SOURCE
Turkey ranks 71st in UN Human Development Index Turkey has scored 71 out of 188 countries on the Human Development Index (HDI) for 2016, according to the United Nations Development Programme’s (UNDP) latest Human Development Report. Moody’s revises outlook of 14 Turkish banks to negative Moody’s Investors Service has taken rating actions on 17 Turkish banks, changing … Read more
Turkey Plans Massive Transfer of Assets to Sovereign Wealth Fund Bloomberg – More stories by Ercan Ersoy – Feb 5, 11:03 PM The Turkish government transferred its holdings in the country’s biggest bank by assets and phone company to a new sovereign-wealth fund created to finance large infrastructure projects. The treasury’s stake in TC Ziraat … Read more
Press Release fitchratings.com RELATED ENTITIES RESEARCH RELATED SECTOR RESEARCH Endorsement Policy – Fitch’s approach to ratings endorsement so that ratings produced outside the EU may be used by regulated entities within the EU for regulatory purposes, pursuant to the terms of Gov’t downplays rating cuts for Turkey’s economy Positive or negative decisions by ratings agencies … Read more
Erdoğan to banks: Ease loans or you’ll face us Turkish President Recep Tayyip Erdoğan called on the financial sector on Jan. 17 to open the taps of credit or face a reckoning. Turkish Lira will recover if Central Bank acts immediately: Top economist Tim Ash Economist Tim Ash, who has followed Turkey closely for almost … Read more
No difference between armed terrorist and terrorist with forex: Erdoğan Hurriyet Daily News There is no difference between an armed terrorist and a terrorist holding dollars, euros and interest, President Recep Tayyip Erdoğan said Jan. 12, describing the goal of the latter to take over the country Turkey to offer citizenship to foreigners who buy $1 … Read more
Why the Lira’s in Trouble: 2017’s Worst Performer in Charts Bloomberg – More stories by Constantine Courcoulas – Jan 10, 9:04 AM Thought the lira was due a breather after last year’s eye-watering losses? Think again. Turkey’s political quagmire has been exacerbated by central bank inaction and higher-than-expected inflation to make the lira the worst-performing … Read more
Turkish Lira hits new low against dollar The Turkish Lira hit a new low against the U.S. dollar on the morning of Jan. 9 after labor data from the world’s largest economy on Jan. 6 showed that growth was poised to accelerate, Turkish Lira at new record low on inflation, security concerns The Turkish lira … Read more
As Mr. Albayrak, Minister of Energy, says in his Twitter account: He seriously warned those in charge about the ongoing problems. Major cyber attack on Turkish Energy Ministry reported Turkish Energy Ministry has been under a major cyber attack, Turkish media reported citing a senior source from the ministry. The report followed the major power outages … Read more
According to a new story at Hürriyet traffic police all over the country are warned by Ministry to fine Uber drivers and customers. Uber drivers will be classified as pirate taxi services… On the other hand, Uber Turkey Twitter account stated they have all the required licences, all should be fine… We will see… In … Read more