Turkey
World Bank celebrates 75th year in Turkey
On July 7, 1950, the World Bank approved its first loan to Turkey, namely a $3.9mn facility for a grain storage project, the development bank said in a press release for the commemoration of the 75th anniversary of its partnership with the country.
Syria battles wildfires for fifth day as climate change worsens
For the fifth consecutive day, firefighting teams have been battling to contain the wildfires raging in northern Latakia’s countryside.
17th ECO summit in Azerbaijan: a wrap-up
The 17th Summit of the Economic Cooperation Organisation (ECO) took place in Khankendi, Azerbaijan, with the first international visit of Iranian President Masoud Pezeshkian since Israel's bombing of the country
_Cropped_1751715773.jpg)
Three Turkish opposition mayors arrested as Erdoğan’s crackdown intensifies
Three prominent mayors from Turkey’s main opposition party Republican People’s Party were arrested on the morning of July 5, as President Recep Tayyip Erdogan cracks down on his political opponents ahead of the 2028 presidential elections.
Turkey's Erdoğan calls for developing relations with new Syria leadership
Turkish President Recep Tayyip Erdoğan has called for developing relations with Syria's new authorities at the 17th ECO Summit in Azerbaijan's Khankendi.
Turkey telecommunications investment surges 80% to TRY94.1bn
Turkey's electronic communications companies increased sector investment by 80% to TRY94.1bn ($2.36bn) compared to 2023.
Turkey’s first lady meets Pope Leo XIV in Vatican
The meeting was held during Erdogan’s visit to attend the “Fraternal Economy Session on Ethical Multilateralism” programme hosted by the Pontifical Academy of Social Sciences.
Turkey lynching local humour mag LeMan over alleged prophet Mohammed cartoon
Radical Islamist mobs attacked Istanbul-based satirical magazine LeMan’s office. Police beat its personnel while detaining them. Politicians led by President Recep Tayyip Erdogan have targeted the magazine.
UPDATE: Kurdish PKK announces plans to surrender fighters' weapons in northern Iraq
The Kurdistan Workers' Party announced on July 3 that its fighters in northern Iraq will begin surrendering weapons in the first concrete step toward disarmament as part of peace efforts
Turkey releases official June inflation at 35% y/y
Turkey’s consumer price index (CPI) inflation officially stood at 35.05% y/y in June versus 35.41% y/y in May and 44% y/y at end-2024.
Turkey lifts Deutsche Welle ban
Turkey’s media watchdog RTUK has lifted a ban that was introduced to block Deutsche Welle Turkish back in 2022.
Istanbul-listed Isbank’s CEO expects 350bp rate cut on July 24
Head of Turkey's government-run Ziraat Bank is also anticipating a significant downward move in the benchmark.
Turks back in the game tapping eurobond market
Four Turkish issuers raise combined $3.85bn in three days.
Europe swelters in historic heatwave
Record-breaking temperatures for the time of year are likely to occur across a large part of western Europe in the coming days as a historically unprecedented heatwave intensifies.
BEYOND THE BOSPORUS: Turkey’s tourism minister holidays in Greece
Hold the indignation. Let the poor man explain.
Erdogan ‘not feeling even 10%’ of pressure he should from Western capitals over jailing of rival, says Turkish opposition chief
Europe signals to strongman “world has no alternative to him”, encouraging his crackdown on democracy, says Ozgur Ozel.
Erdogan indicates Turkey edging closer to F-35, Eurofighter jet deals after Nato summit leader talks
Ankara worried by growing air superiority of Israel and Greece.
Tosyali dethrones Eregli to become largest Turkish steelmaker
Company owner Fuat Tosyali became a favourite businessman of president Erdogan. Projects he’s involved in include making Turkey’s “native and national” Altay battle tank.
Syria receives IMF visit for first time since 2009
Conflict-torn country faces “enormous challenges”, says mission. Majority of GDP wiped out. Restoring power infrastructure alone could cost at least $40bn.
Global uncertainty causes FDI to plummet in Emerging Europe
wiiw research blames crisis in German industry and the uncertainty surrounding Donald Trump’s second term as US president for sharp slowdown in FDI.