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...Ekrem İmamoğlu’s re-election as Istanbul mayor last weekend sent a powerful jolt of enthusiasm through Turkey’s invigorated opposition and cemented the 52-year-old as Erdoğan’s chief adversary....
...Turkey’s lira has fallen slightly against the dollar since Erkan’s resignation, while the benchmark Bist 100 stock index has advanced 2 per cent....
...Turkey, which shares a border with Iran, said: “We call on all parties to refrain from steps that could lead to a wider conflict.”...
...Turkey exported about $5.4bn to Israel in 2023, according to the Turkish Statistical Institute....
...and cash transfer to refugees in Turkey....
...Facebook parent Meta will temporarily shut its Threads social media platform in Turkey this month after a row with the country’s competition watchdog....
...Turkey’s strongman leader has sharply criticised Israel since it launched its retaliation against Hamas over the militant group’s October 7 attack....
...Turkey’s central bank surprised investors on Thursday with a big rate rise as policymakers seek to halt accelerating capital flight and cool inflation....
...The ratings group late on Friday upgraded Turkey’s rating to B-plus from B, leaving it lodged deep in speculative, or “junk”, territory....
...Residents of Istanbul took to the streets early on Monday to celebrate the results of Turkey’s local polls that handed President Recep Tayyip Erdoğan’s ruling party resounding defeats in some of the country...
...Turkey’s lira rose against the dollar after the decision, leaving the currency up 0.7 per cent to TL31.92 in London trading....
...Turkey has raised its benchmark interest rate to 45 per cent as policymakers signalled that an eight-month campaign of big rises in borrowing costs is over, with the country’s prolonged inflation crisis...
...Turkey was Israel’s fifth-biggest import partner, according to customs database Trade Data Monitor....
...Erdoğan won the vote, to extend his rule over Turkey to a third decade. But his words have not been met with the required action....
...“I really want the Republic of Turkey to exist for centuries in the secular order, in the democratic order, and with this diversity,” İmamoğlu told the FT....
...Turkey has also launched a wide-ranging programme of economic reforms aimed at rebuilding the central bank’s foreign currency war chest and cooling rampant consumer demand that had pushed Turkey’s current...
...Turkey’s central bank governor Hafize Gaye Erkan has resigned just months after the country embarked on an economic policy overhaul that has featured huge rises in borrowing costs....
...Turkey’s devastating earthquakes one year ago horrified the nation. The disaster brought a shake-up in economic policy as well....
...Turkey’s sovereign wealth fund is pressing ahead with plans for a debut international bond deal, testing investor appetite for Turkish assets after last week’s central bank shake-up....
...Turkey has appointed central bank deputy governor Fatih Karahan to the top job just hours after previous chief Hafize Gaye Erkan abruptly quit....
...Tourism is a vital source of foreign currency for Turkey’s $900bn economy....
...Turkey’s central bank insisted that inflation would fall sharply by the end of this year even as it acknowledged President Recep Tayyip Erdoğan’s minimum wage rise for 2024 had exceeded its expectations....
...Şimşek knows that markets matter for Turkey, which needs foreign investors to buy its bonds....
...Turkey and Hungary are the only Nato members that have not yet approved Sweden’s accession....
...Plus, Turkey’s central bank chief has quit just months into the job....
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