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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 extends contested gas mission in eastern Med

Posted On 22 October 2020

Turkey said Wednesday it would extend a gas exploration mission in the eastern Mediterranean that has raised hackles in neighbouring Greece, defying warnings from Western countries. The Oruc Reis research vessel had been scheduled to end its work Thursday, but will now remain at sea until October 27, the Turkish navy said in a NAVTEX maritime announcement.

Oruc Reis has become the symbol of Ankara’s appetite for natural gas in the eastern Mediterranean, where discoveries of significant reserves in recent years has triggered a rush for the so-called “blue gold”. Prospective fortunes to be made have reignited long-smouldering disputes over maritime borders between Turkey and Greece.

Athens says Ankara is breaking international law by prospecting in Greek waters, including near the island of Kastellorizo. Turkey insists that it is within its rights in the energy-rich Mediterranean region, saying that the tiny island of Kastellorizo shouldn’t count for imposing Greek sovereignty. Oruc Reis’ initial deployment in August sparked a weeks-long diplomatic crisis until the ship returned to port last month. But last week it was sent out again, extinguishing hopes the tensions could be eased.

Greek Prime Minister Kyriakos Mitsotakis on Wednesday accused Turkey of playing out “imperialist fantasies” in the  neighbourhood, while his government has asked the EU to look into suspending its customs union with Turkey.

AFP

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Turkey’s inflation ticks up to 62%

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