Talks with the United States on Turkey’s state-owned lender Halkbank are on a positive path, President Recep Tayyip Erdoğan said on Tuesday, adding that he had discussed the issue with…
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Economy
fter destroying his iPhone over Brunson case, MHP deputy now demands a new one
Nationalist Movement Party (MHP) deputy Cemal Enginyurt on Sunday protested the Turkish government’s release of American pastor Andrew Brunson, demanding that iPhone, which he had smashed over the cleric’s case,…
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$1.8 billion transfer from Turkey’s Unemployment Fund to state banks
Presidential spokesperson İbrahim Kalın on Wednesday confirmed that TL 11 billion (approximately $1.8 billion) was transferred from the Unemployment Fund to three state-run banks, Sputnik Turkish service reported. The confirmation…
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Erdoğan says CHP shares in İşbank should be given to Treasury
Turkish President Recep Tayyip Erdoğan has targeted the main opposition Republican People’s Party (CHP) over its shares in Turkish lender İşbank, the Cumhuriyet daily reported. “It [the CHP] owns 28…
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Turkey’s finance minister expects no fine for Halkbank, citing US law firm
A US law firm hired by Turkey to look into state-owned Halkbank’s dealings with Iran found that it did not violate US sanctions, Turkey’s finance minister told Reuters, and Ankara…
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Turkish interior minister says terrorists are exploiting Saturday Mothers
Turkish Interior Minister Süleyman Soylu on Monday defended a police intervention in the 700th meeting of the Saturday Mothers in İstanbul, saying that they wanted to prevent the “abuse of motherhood”…
Read MoreAnother coup attempt ‘hero’ dismissed by government decree
A colonel who was hailed as a hero for standing up to a failed coup attempt in 2016 was dismissed from the Turkish Armed Forces under the last government decree…
Read More[ANALYSIS] Erdoğan knew an economic crisis was coming and did nothing at all
In March 2015, Turkish President Recep Tayyip Erdoğan urged his fellow citizens not to invest in US dollars at a time when the Turkish lira was losing a significant amount…
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Bundesbank head stresses independence of Turkey’s central bank amid currency crisis
Jens Weidmann, the head of Germany’s Bundesbank, said on Thursday that the independence of the Turkish Central Bank was important for the recovery of the country’s poor economic situation, Deutsche…
Read MoreCentral bank poll: Turkish lira will be valued at 5.97 to the US dollar at yearend
Turkey’s central bank has released its expectations poll for August 2018 in which it forecast the value of the lira against the US dollar to be 5.97 at the end…
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