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
Greek jets harassed Turkish F-16 aircraft, which were on NATO mission in the Eastern Mediterranean, Turkey’s state-run Anadolu Agency reported on Aug. 23. Turkey reported the incident to the NATO authorities and the military attaché of Greece was summoned to the Ministry of National Defence. According to the report, Turkish F-16 planes were harassed by
The Central Bank of the Turkish Republic (CBRT) lowered the policy rate from 14 percent to 13 percent amid surging inflation and currency crisis. The CBRT decided to lower the long been steady 14 percent policy interest rate to 13 percent after the Monetary Policy Board meeting on Aug. 18. “The Board evaluated that the
Turkey has not signed a new document concerning for the purchase of new S-400 missile system, a Turkish official told Reuters, after Russian official’s statement that Turkey and Russia have signed a contract for the delivery of a second regiment of the S-400s prompted rumors about a new contract. “A corresponding agreement has already been
Turkish inflation keeps soaring as the latest data announced by the Turkish Statistical Institute (TÜİK) indicate a 79,6 percent annual rise in the Consumer Price Index and 144,6 percent rise in the Producer Price Index. The number is the highest inflation recorded in Türkiye in 24 years since 1998. According to TÜİK a change in
The cargo ship carrying 26 thousand tonnes of corn left Ukraine’s port of Odesa on Aug. 1 as the first shipment within the framework of the grain export deal signed under UN auspices and Türkiye’s guarantorship. Sierra Leone-flagged Razoni left the Black Sea Port at 9:48 AM local time, Ukraine’s ministry of infrastructure announced on
The Joint Coordination Centre (JCC) established after Russia and Ukraine agreed to the Black Sea Grain Initiative brokered by Türkiye and United Nations auspices was officially inaugurated in Istanbul on July 27. “The JCC will facilitate the implementation of the Black Sea Grain Initiative to establish a humanitarian maritime corridor to allow ships to export
The Turkish Lira (TRY) depreciated further against the US Dollar and reached the psychological limit of 18 liras, and closed the day at 17.92 just before the US Federal Reserve announced its interest rate decision on July 27. The last time the US Dollar TRY parity passed the 18 limit was on December 18 2021
Russia and Ukraine signed an agreement with Türkiye under the United Nations auspices in Istanbul for the safe export of the grain and foodstuff waiting at the Ukrainian ports amid the ongoing war between the two countries, in an effort to ease the international food crisis stemming from the supply shortage. Two countries separately signed
Türkiye’s 10th Chamber of the Council of State rejected the cases filed against the 2021 Presidential Decree that withdraws Turkey from Council of Europe Convention on Preventing and Combating Violence Against Women and Domestic Violence, aka Istanbul Convention, on July 19 decision. A 5-member state court voted for the ratification of the Presidential Decree with