The Turkish newspaper Hürriyet refers to scenarios of Turkey-Greece-Israel cooperation on energy, noting that the visit of the German Chancellor, Olaf Solz, to Turkey took place for the same purpose. In the midst of the Russia-Ukraine war, Germany is looking for immediate solutions to replenish Russian gas, and in this climate the publication wonders if […]
Tag: Turkey
Turkish Ministry of Finance: Rising energy prices are accelerating the rise of inflation
Turkish Finance Minister Nuredin Nebati said today that global energy prices were accelerating inflation, but that Ankara would continue to work to reduce it, adding that the recent fall in the pound was within “acceptable” levels. according to Reuters. Inflation reached 54% in February and economists expect it to continue to rise to 70% in […]
Bild: How the war in Ukraine affects the Turkish economy and politics
An article in the online edition of the German newspaper Bild attempts to approach the consequences of the Russo-Ukrainian war on the Turkish economy and politics. According to the report, the Turkish economy is on the verge of collapse, the Turkish currency, the pound, has been falling for years and more and more people in […]
Turkey claims a role in European defense
Taking advantage of the Ukrainian crisis, Turkey seeks to reap benefits at many different levels, including the European Union. The establishment of PESCO (Permanent Structured Cooperation) in 2017 was considered by Turkey as an easy task, since its accession to NATO would open the door for it in this case as well. However, the criteria […]
Erdogan inaugurates Dardanelles bridge – At 2.5 billion euros the cost
Tayyip Erdogan inaugurated a huge bridge across the Dardanelles Strait on Friday, the latest in a series of major infrastructure projects he has prioritized during his two decades in power. Connecting the European with the Asian coast of Turkey, the bridge was built by Turkish and South Korean companies at a cost of 2.5 billion […]
Tatar: Lavrov’s reference to ‘Turkish Republic of Northern Cyprus’ shows we are right
The Russian Foreign Minister’s reference to the pseudo-state as the “Turkish Republic of Northern Cyprus”, stating the existence of a similar situation with them (in Ukraine), shows the law of “our national cause”, Ersin Tatar said in a meeting yesterday with the new “speaker of parliament”, Zorlu Torre. According to the Cypriot Information Office, the […]
Turkey: Banks wary of Russian customers over Western sanctions
In Turkey, the newly arrived Russians are struggling to make deposits and money transfers through Turkish banks, which have taken a cautious and cautious stance for fear of violating Western sanctions against Moscow, according to several sources. Private banks in particular are denying the requests of some of their customers, while others are applying additional […]
Ukraine: A total of 65 Turks were expelled from Mariupol
A total of 65 people, Turkish nationals and their relatives, were able to leave Mariupol, a port of strategic importance in southeastern Ukraine, the Turkish state news agency Anadolu reported on Thursday. Earlier yesterday, Turkish Foreign Minister Mevlüt ÇavuÅŸoλουlu said that more than 100 Turkish citizens were still in Mariupol and expressed hope that a […]
Turkey: Interest rates from the central bank unchanged at 14%
The central bank of Turkey has chosen to keep the key interest rate stable at 14% for the third consecutive month despite the continuing rise in inflation. Higher energy prices and a sharp rise in the minimum wage earlier this year, as well as a fall in the pound at the end of 2021, have […]
Commerzbank ‘sees’ dip in Turkish pound: Real interest rate fall without limit
The exchange rate of the Turkish lira against the dollar has temporarily stabilized after the implementation of rescue measures by the government of President Recep Tayyip Erdogan and the Central Bank of Turkey (TCMB). After a short pause, Commerzbank analysts expect the next big move in the exchange rate. “It is very unlikely that the […]
