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Turkey’s Central Bank Increases Inflation Forecast This Year
Turkey's Central Bank overhauled its inflation forecast for 2018 and expects more than 13 percent inflation, adding uncertainty and pressure on a struggling lira.
Central Bank’s Policies Leave Turkish Lira Plummeted
The specter of political interference in Central Bank's monetary policy came to the public spotlight again on Tuesday after the bank kept its key interest rate unchanged, leaving the Turkish…
Businessman Akin Ipek Briefly Detained in London Over Turkey’s Request
A Turkish businessman was briefly detained in London at the request of Turkish authorities over a perceived link to foe of President Recep Tayyip Erdogan.
Central Bank, Public Banks Come Under Authority of Erdogan’s Son-in-Law
In a new controversial decree, Central Bank and other public banks have come under the direct authority of President Recep Tayyip Erdogan's son-in-law Berat Albayrak who now leads the newly…
Turkish Businessman Takes Turkey to International Tribunal Over Seized Assets
Turkey’s seizure of assets and companies belong to opponents of President Recep Tayyip Erdogan has long gone unchallenged. But a businessman who lives in London took a step and will…
Turkey’s Currency Tumbles, With Nearing to 5 Lira Against Dollar
Turkey's embattled lira slumped almost five percent to new record lows in value against the U.S. dollar on Wednesday after concern over President Recep Tayyip Erdogan's new cabinet and his…
With TANAP, Turkey Takes a Big Step Toward Becoming Energy Hub
With the inauguration of Trans-Anatolian Natural Gas Pipeline (TANAP), Turkey has taken a very important step to becoming a hub of energy supply lines.
Turkey’s Communication Firm Periskop Wins Trademark Lawsuit Against US…
An Istanbul court ruled to block access to Twitter's Periscope live video service in Turkey after accepting a lawsuit lodged by local Periskop-Periscope Communication and Production Company…
Presidents of Turkey, Azerbaijan and Georgia Inaugurate TANAP Pipeline
Presidents of Turkey, Azerbaijan and Georgia inaugurated the Trans Anatolian Natural Gas Pipeline (TANAP), an important section of Europe's Southern Gas Corridor (SGC), in the central…
Turkey to Take Retaliatory Measures Against US After Tariffs on Steel, Aluminum
In retaliation to the U.S. move imposing tariffs on steel and aluminum imports from a number of countries, including Turkey, Ankara is preparing to introduce a set of measures against the…