After Iran announced on Jan. 20 that it reduces the gas exports to Turkey, Turkish Energy Transmission Company (TEİAŞ) announced to cut electricity to all Organized Industrial Zone’s (OSB) for 72 days. The cuts started today. The restriction will be effective in all OSB’s where the manufacturers will only be allowed to use electricity for
Turkey’s Office of the Chief Public Prosecutor of the Council of State conveyed a view on Turkey’s withdrawal from Istanbul Convention, stating that the procedure is unlawful and withdrawal decision should be annulled. State Council Prosecutor Elmas Mucukgil conveyed her opinion on the lawsuit filed on behalf of Lawyer Lalezar Nergiz and 12 women from
The Istanbul court ruled philanthropist Osman Kavala’s four-year-long pre-trial detention to continue, despite Eruopean Court of Human Rights (ECtHR) previous rulings for his release and Committee of Ministers of the Council of Europe’s decision to initiate infringement process if Turkey would not comply with the court’s decision. Istanbul 13th Criminal Court ruled for the extension
Turkey’s Minister of National Defense, Hulusi Akar, rebuked Greece for increasing armament expenditures and “provocative” foreign policy, stating that Turkey’s disputes with Greece over the expansion of territorial waters and the violation of the islands’ disarmament status continue. “There is armament, against whom? We say, what is this armament for? Too much for normal defense,
Turkey’s annual inflation has soared to its highest since the ruling Justice and Development Party (AKP) came to power in 2002, as Turkish Statistical Institute (TÜİK) data shows a 13.58 percent increase in Consumer Price Index (CPI) in December and calculated the annual inflation rate as 36.08 percent. According to official statistical institute data, the
Turkey’s banking watchdog, Banking Regulation and Supervision Agency (BRSA) filed a criminal complaint about social media users, including opposition MPs and economists, after Treasury and Finance Minister Nureddin Nebati alleged that the fall of the Turkish Lira was a result of “speculations.” “I would expect the BRSA to act quickly. Lawsuits on the ground of
Following the Protocols signed in 2009 to normalise relations between Turkey and Armenia, Turkey took the initiative as of 2010 to implement a holistic cooperative project, which aimed at supporting regional ties in the South Caucasus through economic-commercial means reacting effects on a regional as well as global scale. This holistic project was designed to
Turkey’s President Tayyip Erdoğan unveiled new fiscal policy tools to be implemented to overcome the recent currency crisis and further boost export-led economic growth, emphasizing that “Turkey will not drift apart from the free-market economy.” “Turkey has neither the intention nor the need to take the slightest step back from the free market economy and
Turkey and Armenia named special envoys to be acted on the efforts to normalization of the mutual relations of the two countries, after Turkey’s Foreign Minister Mevlüt Çavuşoğlu’s call was received positively by Armenia. Armenia’s Foreign Ministry spokesperson announced that the Deputy Speaker of the National Assembly of the Republic of Armenia Ruben Rubinyan was
Foreign Minister Mevlüt Çavuşoğlu announced that Turkey and Armenia will appoint special representatives in a bid to normalize relations. “Soon, we (Armenia and Turkey) will mutually appoint special representatives for the normalization effort,” Çavuşoğlu said during the Foreign Ministry budget debates in the parliament on December 13. Answering the opposition IYI (Good) Party lawmaker Erhan