CDE News

Turkey’s Erdogan names Nebati as new finance minister as lira skids

ISTANBUL, Dec 2 (Reuters) - Turkish President Tayyip Erdogan appointed Nureddin Nebati as minister of treasury and finance on Thursday after the resignation of Lutfi Elvan, the last top official…

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Turkey slams Cyprus over exploration license for Exxon, Qatar Petroleum in Mediterranean

ANKARA, Dec 2 (Reuters) - Turkey on Thursday accused Cyprus of violating its continental shelf by awarding an exploration license in the Mediterranean to Exxon Mobil and Qatar Petroleum, adding…

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Photo Story: Aftermath of heavy storm that hit Istanbul

People take pictures of a cargo ship that was damaged by a storm, near the Bosphorus in Istanbul, Turkey . According to the Istanbul governor's office, at least four people…

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Turkish Lira eases back from record low as Turkey stumbles into unknown

ISTANBUL, Nov 24 (Reuters) - Turkey's lira clawed back some losses on Wednesday after a 15% crash to record lows a day earlier driven by President Tayyip Erdogan's defence of…

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Turkish lira in historic 15% crash after Erdogan stokes fire sale

Turkey's lira nose-dived 15% on Tuesday in its second-worst day ever after President Tayyip Erdogan defended recent sharp rate cuts, and vowed to win his "economic war of independence" despite…

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Turkey repatriates seven citizens held in eastern Libya

ISTANBUL, Nov 21 (Reuters) - Seven Turkish citizens who were being held in eastern Libya have been brought back safely to Turkey, the country's foreign ministry revealed. The seven people…

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Turkey working to get out of FATF ‘grey list’, minister says

ANKARA, Nov 12 (Reuters) - Finance Minister Lutfi Elvan said on Friday Turkey was working with the Financial Action Task Force (FATF) to get out of a grey list for…

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UPDATED: Turkey stops flying Syrians, Yemenis, Iraqis to Belarus, EU chair thanks Turkey

ANKARA/WARSAW, Nov 12 (Reuters) - Turkey banned Syrian, Yemeni and Iraqi citizens from flights to Minsk on Friday, potentially closing off one of the routes used by migrants that the…

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EBRD pledges 600 million euros for women-led firms in Turkey

ISTANBUL, Nov 8 (Reuters) - The European Bank for Reconstruction and Development (EBRD) is making 600 million euros ($693 million) in new financing available for Turkish women entrepreneurs, it said…

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UPDATED: Erdogan skips Glasgow climate summit in security dispute

President Tayyip Erdogan cancelled plans to attend the global climate conference in Glasgow on Monday because Britain failed to meet Turkey's demands on security arrangements, Turkish media quoted him as…

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Four migrants, including children, drown in Greece after boat sinks

Four migrants, three of them children, drowned on Tuesday after a boat in which they and 23 others were trying to cross from Turkey to Greece sank, the Greek coast guard…

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Turkish Minister calls grey-listing decision ‘a political move’

Turkish Interior Minister Suleyman Soylu has lambasted the Financial Action Task Force (FATF) for putting the country on the so-called grey-list, definiting as a political move. "We all know that…

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Turkey and West climb down from brink of biggest diplomatic crisis

Turkey and its Western allies climbed down from a full-blown diplomatic crisis on Monday after foreign embassies said that they abide by diplomatic conventions on non-interference, averting a threatened expulsion of 10 ambassadors.…

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Erdogan’s critics say expulsion call is diversion

President Tayyip Erdogan's political opponents said his call to expel the ambassadors of 10 Western allies was a bid to divert attention from Turkey's economic difficulties, while diplomats hoped the…

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Turkey’s citizenship-for-homes sales hit roadblock

Record sales of homes to foreigners in Turkey, driven by a sharply falling currency and the promise of citizenship, are starting to slow after a new government rule aimed at…

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Turkish defence minister warns against alliances that harm NATO

NATO-member Turkey's defence minister said the forming of alliances outside of NATO would harm the organisation, according to comments released on Saturday, after Greece and France agreed a defence pact…

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FATF ‘grey lists’ Turkey

An international watchdog downgraded Turkey to a so-called grey list for failing to head off money laundering and terrorist financing, a decision that could further erode foreign investment after a…

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EPA’s Eye in the Sky: Van, Turkey

Turkish soldiers patrol with military vehicles next to a wall on the Turkey-Iran border line in Van city, Turkey. Turkey completed 63 km of the modular concrete wall, which it…

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Erdogan hopes for continued cooperation with post-Merkel Germany

Istanbul (dpa) - Turkey seeks to maintain good working relations with the upcoming new German government, Turkish President Recep Tayyip Erdogan said on Saturday in Istanbul. "I hope the successful work we have carried…

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Hamilton qualifies quickest but Bottas takes pole

ISTANBUL (Reuters) -Lewis Hamilton qualified quickest for the Turkish Grand Prix on Saturday but a 10-place grid penalty for the Formula One championship leader meant Mercedes team mate Valtteri Bottas…

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IKEA to shift more production to Turkey to shorten supply chain

Sweden's flat-pack furniture giant IKEA is planning to move more production to Turkey to minimise problems with global supply chains and increased shipping costs, the company's chief financial officer for…

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Turkey registers 29,802 new COVID-19 cases, highest since April 30

Turkey logged 29,802 new COVID-19 cases on Tuesday, the highest number of daily infections since April 30, health ministry data showed, as Health Minister Fahrettin Koca urged citizens to get…

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Tensions simmer after Turkey sent off Maltese registered Cypriot vessel away from its continental shelf

Turkey sent a Greek Cypriot research vessel away from what it says is its continental shelf in the Mediterranean on Sunday after it entered the area without permission, Turkey's Defence…

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Russia’s Putin and Turkey’s Erdogan hold Syria, defence talks

The presidents of Russia and Turkey on Wednesday began talks on curbing renewed violence in northwest Syria and on possibly expanding Moscow's sales of military defence systems to Ankara despite…

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Partners or rivals? Russia and Turkey navigate awkward alliance

Turkey's defence purchases from Russia have alarmed Ankara's NATO partners but the two countries remain rivals in wars from the Middle East to the Caucasus, highlighting the faultlines running through…

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Turkish President Erdogan says to meet Greek PM in New York

Turkish President Tayyip Erdogan said on Sunday that he would meet Greek Prime Minister Kyriakos Mitsotakis on the sidelines of the United Nations General Assembly next week in New York.…

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EPA’s Eye in the Sky: Beyobasi, Turkey

An Afghan migrant who is taking care of over 200 sheep of Bulent Sarioglu in Beyobasi village, Turkey. Afghans in Turkey amount to 400,000, making them the second largest group…

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Turkey jobless rate climbs to 12% in July as supports end

Turkey's unemployment rate rose to 12.0 percent in July from 10.6% a month earlier as pandemic-related labour supports expired, according to data on Friday that also showed an uptick in…

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Turkey optimistic inflation will drop below 10% by end of 2022

Turkey expects inflation to fall to 16.2% by the end of the year and hit 9.8% by the end of 2022, according to government forecasts published late on Sunday that…

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Turkish hotels to close early after UK ‘red list’ dashes hopes

ISTANBUL, Sept 3 (Reuters) - When Britain announced Turkey would stay on its "red list" of travel destinations last week, Onur Arican decided to close his boutique hotel on the…

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Turkey and Cyprus monitor ‘oil sheen’ after Syria leak

Authorities in Turkey and Cyprus are on alert for any potential pollution from a 'sheen' of fuel floating across the Mediterranean from a spill in Syria, officials said. Fuel which…

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Turkey says it cannot take on new refugee burden

Turkey cannot take the burden of a new migrant wave from Afghanistan, Foreign Minister Mevlut Cavusoglu said on Sunday after talks with his German counterpart, as concerns about a new…

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Turkey’s COVID-19 deaths up to mid-May levels as new cases dip

Turkey reported 244 new coronavirus-related deaths on Friday, near the highest level since mid-May, while new cases dipped to 18,340, according to official government data. The rise in daily COVID-19…

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Turkey reinforces border to block any Afghan migrant wave

Afghans who manage to make the weeks-long journey through Iran on foot to the Turkish border face a three-metre high wall, ditches or barbed wire as Turkish authorities step up…

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Turkey sees more than 8% economic growth in 2021 – finance minister

Turkish Finance Minister Lutfi Elvan said on Friday he expected Turkey's economy to grow more than 8% in 2021, and added that he expected the current account deficit to be…

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Photo Story: Ashura Day in Istanbul

A believer woman attend the mourning ceremony with her boy, ahead of Ashura Day, in Istanbul, Turkey, 18 August 2021. Ashura day commemorates the death anniversary of the third Shiite…

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Turkey offering extra Pfizer shots for those wanting to travel

Turkey is allowing people who were inoculated with Sinovac's coronavirus vaccine to take an additional Pfizer dose as it looks to ease travel to countries that have not approved the…

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UPDATED: Death toll rises to 70 from Turkey floods, 47 reported missing

Flash floods that swept through towns in Turkish Black Sea provinces have killed 70 people and emergency workers continue to search for 47 missing people, authorities said on Monday. The…

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Russia says firefighting aircraft crashes in Turkey – Ifax

MOSCOW (Reuters) - Russia's defence ministry said on Saturday that five Russian servicemen and three Turkish citizens were on board a Be-200 firefighting aircraft that has crashed in Turkey, Interfax…

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UPDATED: At least 44 killed in Turkey flood as search for missing continues

Families of those missing after Turkey's worst floods in years anxiously watched rescue teams search buildings on Saturday, fearing the death toll from the raging torrents could rise further. At…

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Tui says Turkey, Greece wildfires not hitting bookings

Wildfires in Turkey and Greece have had little impact on TUI's holiday bookings to these destinations, the company said. Tui said it expects reasonably good profitability in the summer due…

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Death toll from northern Turkey floods rises to 27

Flash floods which have swept through towns in the Turkish Black Sea region have killed 27 people, the country's emergency management agency said on Friday, in the second natural disaster…

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Flash floods sweep through northern Turkey in new natural disaster

Seventeen people were killed in flash floods in Turkey's Black Sea region that sent water and debris cascading through streets, damaged bridges and ripped up roads in the second natural…

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Photo Story: Heavy flooding in Northern Turkey

An aerial view of flooded buildings due to heavy rains in Bozkurt district of Kastamonu, Turkey. At least one person was killed and several are missing due to flooding in…

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#HelpTurkey under investigation for ‘spreading fear’ about wildfires

Prosecutors in Turkey have launched an investigation into a social media hastag critical of the government’s allegedly bungled response to the country’s devastating wildfires, accusing it of spreading “anxiety and…

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Greece battles wildfires for fifth day in ‘nightmarish summer’

ATHENS, Aug 7 (Reuters) - Fires blazed uncontrolled for a fifth day in Greece on Saturday, ravaging swathes of land on its second-biggest island of Evia where hundreds of people…

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Moody downgrades Malta’s outlook to negative / Malta News Briefing – Saturday 7 August 2021

Updated 1240 Moody's downgrades Malta's position to negative Credit rating agency has downgraded Malta's position from stable to negative, at A2 level. It attributed this decision to increasing debt levels,…

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Photo Story: Fatal traffic accident in Turkey

Medical teams and people wait near crash site after truck and a passenger bus collided in Soma district in Manisa city, in Turkey, 06 August 2021. Six people died and…

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Turkey spent only fraction of forest protection budget before wildfires erupted

Turkish authorities battling the country's worst ever wildfires have been accused of failing to prepare for the threat after official data showed they spent only a fraction of the modest…

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Wildfire put out at Turkish power plant

Flames that threatened a coal-fired power station in Turkey's fire-ravaged southwest have been extinguished, local authorities said on Thursday after workers and residents were evacuated overnight by ship when fire…

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Erdogan tells Tunisia’s Saied that Tunisian Parliament’s work ‘vital’ -Turkish presidency

Turkish President Tayyip Erdogan told his Tunisian counterpart Kais Saied in a phone call on Monday that the continuation of the Tunisian Parliament's work was important for the region, his office said,…

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Turkish fires sweeping through tourist areas are the hottest on record

The heat intensity of wildfires in Turkey on Thursday was four times higher than anything on record for the nation, according to satellite data passed on to the Guardian. At…

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Turkish foreign visitor arrivals surge to 2.05 mln in June

ISTANBUL, July 30 (Reuters) - The number of foreign visitors arriving in Turkey jumped to 2.048 million in June, data showed on Friday, nearly 10 times the level a year…

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Death toll in Turkish wildfires rises to four, blazes rage on

The death toll from wildfires on Turkey's southern coast has risen to four and firefighters were battling blazes for a third day on Friday after the evacuation of dozens of…

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UPDATED: Three dead as wildfire in south Turkey rages on

Three people were found dead as a massive forest fire burned for a second day in southern Turkey on Thursday, the country's AFAD disaster agency and agriculture minister said, with…

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Turkey’s daily COVID-19 cases surge above 20,000

Turkey's new coronavirus cases jumped to 22,291 on Wednesday, the highest since early May, according to health ministry data that also showed the daily death toll reached a six-week high…

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Turkey detains 200 Afghan migrants en route to Italy

Turkish authorities detained a boat carrying more than 200 Afghan migrants in the Aegean sea heading for Europe, Turkey’s coastguard and the International Organisation for Migration said on Wednesday. The…

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