The Turkish Central Bank’s July survey forecast the year-end value of the Turkish lira the USD at 8.99 liras per dollar from the 8.95 last month.According to the Survey of Market Participants, the forecast for the dollar exchange rate after 12 months stands at 9.34, up from the 9.23 liras in the previous survey period.The
Fugitive mob leader Sedat Peker has accused on social media Interior Minister Süleyman Soylu of using the youth branch of the ruling party to distribute weapons to civilians in the wake of the July 15, 2016 coup attempt. Soylu, the labor minister at the time of the coup, was later appointed as the interior minister,
Turkish e-commerce platform Hepsiburada has become the first Turkish company to be offered to the public on NASDAQ, the U.S. stock exchange where technology giants are traded. The company was valued at $3.9 billion ahead of the ceremony held in New York today.“Hepsiburada becomes the first Turkish company ever to be listed on Nasdaq. This
Turkish Constitutional Court (AYM) top judge Zühtü Arslan has raised strong criticism about the judiciary at a time when the mafia-politics relations are high in the agenda.“If the courts cannot address the search for justice, non-legal searches come into play,” the judge said at a symposium on “The Right to Respect for Private Life in
The long-awaited first meeting between President Recep Tayyip Erdoğan and U.S. President Joe Biden as two leaders took place on the sidelines of the two-day NATO summit on June 14 in Brussels.The two presidents handled key issues of tensions between the two NATO allies with Turkey’s purchase of Russian S-400 missiles and the future of
The Central Bank has raised its U.S. dollar exchange rate and inflation forecasts for the end of the year, as it predicts a higher-than-expected growth rate.According to the June results of the Survey of Market Participants, the Central Bank expects the dollar to trade at 8.95 Turkish Liras at the end of the year, up
President Recep Tayyip Erdoğan announced after today’s cabinet meeting that the pandemic gradual normalization process will begin as of June 1.The calendar for June, which will be revised for July, is as follows: During the month, lockdown restrictions will start at 10 pm on weekdays and end at 5 am. On Saturdays, the lockdown will
President Tayyip Erdoğan told in a May 26 video conference the executives of 20 prominent U.S. firms that he and U.S. President Joe Biden are seeking a new era in mutual ties despite everything, “Although the statement he made has put an extra burden on our relations, I believe that the meeting I will hold
Turkish opposition İYİ Party (Good Party) leader Meral Akşener reacted strongly to President Recep Tayyip Erdoğan’s remark, which she called a “threat.” “It is awful to be threatened by the president,” said Akşener in a live interview on private broadcaster Fox TV early on May 28. The fresh row between Erdoğan and Akşener began after
President Recep Tayyip Erdoğan announced May 17 financial support to small enterprises and tradesmen ahead of the “normalization” process that will start from June 1Erdoğan said following a cabinet meeting that 235 thousand enterprises, which he defined as the first group, will be given 5 thousand Turkish Liras (roughly $600) of grant for one time.In