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Turkey’s inflation ticks up to 62%

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 polls

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 trial

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: Erdogan administration investigates Istanbul mayor

Posted On 16 November 2020

Turkey’s interior ministry has launched a probe into the Istanbul mayor over his opposition to President Recep Tayyip Erdogan’s dream of building an alternative to the Bosphorus Strait, the mayor’s spokesman said Monday. Erdogan argues that the new Istanbul canal, which he has dubbed one of his “crazy projects”, would relieve pressure on one of the world’s busiest shipping lanes. The Bosphorus creates a border between Europe and Asia, splitting Istanbul in two as it runs between the Black and Marmara Seas. The proposed 75-billion-lira ($9.8-billion) alternative would run to the west of the Bosphorus along a new 45-kilometre (28-mile) route.

Istanbul mayor Ekrem Imamoglu, whose election last year saw Erdogan’s ruling AK Party lose its 25-year grip on Turkey’s largest city, has been a vocal opponent of the project on financial and environmental grounds. Since his victory, the municipality has broadcast videos on underground trains and put up posters against “Canal Istanbul”. The investigation by the ministry’s property inspectorate is focused on posters containing the phrases, “Either Canal or Istanbul” and “Who needs Canal Istanbul?”, Imamoglu’s spokesman Murat Ongun tweeted. The investigation was started on the grounds that the posters violated articles of the constitution prohibiting public resources from being used against “the integrity of the administration and state policy,” Ongun said. Critics say the project would destroy nature and could even worsen the earthquake risk in the city of more than 15 million people.

AFP

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Turkey’s inflation ticks up to 62%

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 polls

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...

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