Turkey is expected to appoint its former Consul General to Jerrusalem, Şakir Torunlar, as the new Tel Aviv Ambassador, amid major reshuffle in ambassadorial posts including London and NATO, the Foreign Ministry decree revealed on Oct. 6. The Turkish Foreign Ministry stipulated a major reshuffle in ambassadorial posts with a decree issued on Oct. 6.
The Central Bank of the Turkish Republic (CBRT) lowered the policy rate further 100 basis points from 13 percent to 12 percent on Sep. 22 amid surging inflation and currency crisis. “The Committee has decided to reduce the policy rate by 100 basis points, and has assessed that the updated level of the policy rate
Back-door diplomacy between Syria and Turkey has been accelerated, a Turkish newspaper columnist reported, adding that “one-to-one talks are being held”. “Recently, back door diplomacy between the Damascus Regime and Ankara has accelerated. Negotiations are taking place one after the other,” Hande Fırat, Hürriyet Newspaper columnist wrote on Sep. 20 in her op-ed. Fırat stated
Turkey and Russia reached a deal over the disputed Akkuyu Nuclear Power Plant project to be constructed in Southern Turkey, Turkish media reported on Sep. 17. “A deal has been reached regarding Akkuyu,“ Turkey’s President Tayyip Erdoğan was quoted as telling reporters following a visit to Uzbekistan for the Shanghai Summit. Erdoğan had a meeting
Turkey’s inflation continues to rise as the data published by the Turkish Statistical Institute (TURKSTAT) the Consumer Price Index (CPI) has surged to 80,21 percent annually with a 1,46 percent rise in August, the highest inflation recorded in the country in 24 years. According to TURKSTAT figures, in August 2022, CPI increased by 1.46 percent
Turkey’s Finance and Treasury Minister Nureddin Nebati told industrialist and business circles on Aug. 26 that “there is no point concerning” about US Deputy Secretary of the Treasury’s warning which stated that pursuing business with sanctioned Russians will also cause secondary sanctions. “There is no point the letter that is conveyed to the Turkish business
Turkish pop singer arrested after being taken into custody over her words on religious vocational schools on stage on charge of “inciting the people to hatred and hostility”. Singer Gülşen Bayraktar Çobanoğlu, a.k.a Gülşen, was detained on Aug. 25 within the scope of the investigation launched by the Istanbul Chief Public Prosecutor’s Office on the
Turkey’s President Recep Tayyip Erdoğan reiterated Ankara’s determination to follow a cross-border military operation into Syria, following statements from Russian, Iranian and American officials against it. “I declare to the whole world that our struggle will not end until we secure our southern borders with a 30 km deep corridor from one end to the