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Turkey’s inflation ticks up to 62%F

Turkey's annual inflation rate ticked up slightly in November, the state statistics agency said on Monday, showing further signs of levelling off following a series of sharp interest rate hikes. The rate moved to 61.98 percent last month from 61.36 percent in October,...

Turkey’s opposition fractures ahead of March pollsF

By Dmitry Zaks: Turkey's main opposition party lost a crucial ally Monday in its bid to form a united front against President Recep Tayyip Erdogan's ruling coalition in high-stakes March municipal polls. The secular opposition joined forces in landmark 2019 elections...

Turkey: Istanbul’s popular opposition mayor faces fresh trialF

By Dmitry Zaks: Istanbul's popular opposition mayor went on trial Thursday on fresh corruption charges that could further cloud his hopes of succeeding President Recep Tayyip Erdogan. Ekrem Imamoglu has turned into one of Erdogan's most outspoken and openly ambitious...

Turkey to use rubles to pay for some of the gas imported from RussiaF

Russian President Vladimir Putin said Friday Turkey would pay for a quarter of its Russian natural gas imports in rubles under a new set of deals designed to boost trade. Putin made the announcement in opening remarks of his meeting with Turkish President Recep Tayyip...

Turkey cuts taxes on basic foods, Fitch downgrades Turkey to ‘B+’ amid spiraling inflationF

Fitch downgrades Turkey to 'B+' Fitch Ratings on Friday downgraded Turkey's debt from BB- to B+ with a negative outlook, citing high inflation and a lack of confidence in policymakers to turn the tide. The downgrade comes after data released earlier in the month...

Turkey: Turkish lira hits record low against dollarF

The Turkish lira sank to a record low against the dollar on Thursday after President Recep Tayyip Erdogan fired three central bank members in an overnight decree. The embattled Turkish currency has lost nearly a fifth of its value so far this year as market concerns...

Turkey: Ankara wants Twitter to hire point-person for Turkey or it won’t make any moneyF

Facebook complies with Ankara, agrees to appoint in-country rep Facebook said on Monday it will appoint a representative in Turkey to comply with a new social media law aimed at forcing platforms to quickly remove contentious posts. The US social media giant's...

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