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Moody’s downgrades Turkey outlook to ‘negative’

  /  April 12, 2014  /  Business, Economy  /  1 Comment

Putting the country’s investment-grade rating at risk

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Triumphant Turkey PM renews pledge to crackdown on rivals

  /  April 8, 2014  /  Politics  /  1 Comment

The scandal has played out with a spate of wiretaps and social media leaks implicating Erdogan in graft and exposing high-level security talks weighing military action in Syria.

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Turkey president, officials urge more Gulf investments

  /  April 2, 2014  /  Business  /  1 Comment

Gul arrived in Kuwait on Tuesday for a three-day visit, leading a high-level delegation of more than 100 people, including from the business sector.

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Turkey’s opposition to contest Ankara local poll result

  /  April 1, 2014  /  Politics  /  No Comments

According to provisional official results, the AKP mayor Melik Gokcek, who has held the post for two decades, won the city by a wafer-thin margin of 44.79% against 43.77% for CHP candidate Mansur Yavas.

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Turkey PM claims victory, warns rivals ‘will pay price’

  /  March 31, 2014  /  Politics  /  No Comments

“Those who attacked Turkey got disappointed,” Erdogan told a jubilant crowd of thousands, speaking from the balcony of his party’s Ankara headquarters

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Turkey’s embattled PM faces key test in local elections

  /  March 30, 2014  /  Politics  /  1 Comment

More than 50 million voters were to cast their ballots for mayors and local assemblies at almost 200,000 polling stations, pitting Erdogan’s Islamic-rooted Justice and Development party against secular, nationalist and other groups.

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Turkish PM in fight against shadow enemy

  /  March 29, 2014  /  Politics  /  1 Comment

Out on the campaign trail ahead of Sunday’s local elections, there are few doubts about who Prime Minister Recep Tayyip Erdogan has in mind when he vows to “liquidate” his foes.

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35 nations sign up to tougher nuclear security standards

  /  March 25, 2014  /  Politics  /  6 Comments

Obama has made improving nuclear safety one of the figurehead foreign policies of his presidency and said in 2009 that nuclear terrorism was “the most immediate and extreme threat to global security”.

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Twitter ban widens rift between Turkey’s leaders ahead of vote

  /  March 25, 2014  /  Politics  /  3 Comments

Turkey’s 10 million Twitter users were banned Thursday from accessing the site after Erdogan vowed to “wipe out” the messaging service, which has been used by to publish damaging allegations against his government.

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Syria rebels seize key area on Turkey border: NGO

  /  March 24, 2014  /  Politics, Region  /  2 Comments

The air raids come a day after a Syrian warplane was shot down by Ankara’s jets in an incident slammed as “flagrant aggression” by Damascus.

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After popular protests, Oman starts to pursue graft

  /  March 24, 2014  /  Business  /  1 Comment

Reuters – Young Omanis who took to the streets in 2011 to demand jobs and better economic prospects failed to trigger the mass protests that transformed other parts of the Arab world in their own read the rest…

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Turkey downs Syria warplane on border: NGO

  /  March 23, 2014  /  Politics, Region  /  1 Comment

AFP - Turkish anti-aircraft fire shot down a Syrian warplane on Sunday as it bombed rebels fighting to seize control of a border post in northwestern Syria, an NGO said. “Turkish air defences targeted a Syrian read the rest…

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Turkish president says Twitter ban to be lifted ‘’soon’

  /  March 23, 2014  /  Politics  /  1 Comment

The president confirmed that the US-based social media giant had hired a lawyer in Turkey for negotiations with the authorities.

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Furious reaction, political split after Turkey bans Twitter

  /  March 22, 2014  /  Business  /  2 Comments

Industry Minister Fikri Isik said talks with Twitter were taking place and the ban would be lifted if the San Francisco-based firm appointed a representative in Turkey and agreed to block specific content when requested by Turkish courts.

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Tens of thousands mourn Turkey protest teen’s death

  /  March 12, 2014  /  Politics  /  1 Comment

Police were bracing for further clashes after they fired tear gas and water cannon at stone-hurling protesters in several cities on Tuesday following the death of 15-year-old Berkin Elvan after 269 days in a coma.

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Turkey’s Koc calls on Erdogan to address graft charges to lower tensions

  /  March 2, 2014  /  Business  /  1 Comment

Reuters – Mustafa Koc, chairman of Turkey’s biggest company Koc Holding, on Sunday called on the government to calm financial markets worried about a corruption inquiry and denied he has sought to undermine Prime Minister read the rest…

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Turkey passes law to shut schools run by Erdogan arch-rival

  /  March 1, 2014  /  Politics  /  2 Comments

The row between Prime Minister Recep Tayyip Erdogan and his former ally, cleric Fethullah Gulen, erupted in November when government first floated the idea of shutting down the schools, a major source of income for Gulen’s Hizmet movement.

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Turkish lira firms on hopes US tapering continues only steadily

  /  March 1, 2014  /  Business  /  1 Comment

The Istanbul share index rose 1.25% to 62,553.32 points, outperforming the wider emerging markets index, which was up 0.39%.

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Turkey PM vows action against ‘fake’ leaked recordings

  /  February 25, 2014  /  Politics  /  No Comments

Erdogan has come under intense pressure since the corruption scandal erupted, throwing up the biggest challenge yet to his 11 years in power ahead of key local elections in March.

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Murky Turkish football politics mesh with massive corruption scandal

  /  February 20, 2014  /  Opinion  /  5 Comments

By James M. Dorsey Always murky, Turkish football politics have become even murkier as a politics-laden match-fixing scandal meshes with a corruption investigation that targets Prime Minister Recep Tayyip Erdogan and his closest associates. Defendants read the rest…

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Turkey passes bill tightening control of judiciary

  /  February 15, 2014  /  Politics  /  No Comments

Ali Ihsan Kokturk, lawmaker from the main opposition Republican People’s Party (CHP), got a bloodied nose in the brawl, while ruling party lawmaker Bayram Ozcelik’s finger was broken.

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Egypt dismisses Erdogan remarks

  /  February 15, 2014  /  Egypt, Politics  /  No Comments

Turkish PM’s remarks on Egypt fall on deaf ears in Cairo, says foreign ministry

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Court delays Istanbul airport project

  /  February 11, 2014  /  Business  /  1 Comment

The state airports authority responded to the court ruling by saying the project was continuing as planned.

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S&P cuts outlook on Turkey ratings citing erosion in governance

  /  February 8, 2014  /  Business  /  2 Comments

The credit ratings agency cut its outlook to negative on its unsolicited ‘BB+’ long-term foreign currency and ‘BBB’ long-term local currency ratings.

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Latest

Turkey’s central bank signals crisis rate rise

  /  January 28, 2014  /  Business  /  8 Comments

The bank also raised its outlook for inflation.

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Turkey PM to visit Iran to expand ties

  /  January 28, 2014  /  Politics  /  2 Comments

AFP – Turkish Prime Minister Recep Tayyip Erdogan is due in Tehran Tuesday evening, as both countries seek to expand economic ties and hold talks on the Syrian civil war, an Iranian official said. Iran read the rest…

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Turkey ramps up lira defence with central bank crisis meeting

  /  January 27, 2014  /  Business  /  2 Comments

The lira rallied slightly shortly after the announcement.

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Lira drop is ‘re-pricing’ due to politics, Fed taper: Turkey Deputy PM to Davos

  /  January 25, 2014  /  Business  /  4 Comments

The lira weakened beyond 2.33 to the dollar, meaning Turks now need more than twice as many lira to buy dollars as they did at the currency’s peak six years ago, a costly decline in a nation heavily dependent on imports.

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EBRD cuts growth forecast for crisis-hit Turkey

  /  January 21, 2014  /  Business  /  1 Comment

Turkey’s economy was nevertheless expected to grow by 3.3% in 2014, the EBRD said in a statement.

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Turkey says ready to discuss judicial row with EU

  /  January 19, 2014  /  Politics  /  No Comments

The government’s purge has extended to banking and telecoms oversight bodies as well as state television.

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