Growing like gangbusters, Turkey says Western economies need ‘serious reforms’
The global economy remains deep in crisis and Europe and the United States are doing little to resolve its core causes, Deputy Turkish Prime Minister Ali Babacan warned Friday. Skip to next paragraph Recent posts The eurozone crisis explained in 5 simple graphs Turkey votes to lift head-scarf ban, but battle continues Turkey’s work on [...]
Turkey Begins Cyprus Drilling Amid Tensions
By AYLA ALBAYRAK ISTANBUL—Turkey on Thursday started drilling for oil and natural gas in breakaway Northern Cyprus, threatening to further poison relations with Greek Cypriots in the latest chapter of a gathering row over ownership of potential energy riches in the eastern Mediterranean. Turkey’s state-run oil company, Turkish Petroleum Corporation, or TPAO, launched onshore drilling [...]
Turkey Aims to Lure Foreign Buyers
By ANITA LIKUS With domestic buyers unable to afford Turkey’s high-end housing stock, the government is looking to foreigners to soak up the supply. But more will have to be done to attract foreign buyers and invigorate the market, observers said. The Turkish government is close to amending legislation that would allow certain foreign buyers [...]
Iraq Says Crude Exports Through Turkey Halted on Technical Fault
Iraq halted crude exports from northern oil fields because of a technical fault at a pipeline network in neighboring Turkey, the Oil Ministry said. The crude oil exports stopped at 7:45 p.m. yesterday, the ministry said in a statement on the website of the official National Media Center. Transportation of Iraqi crude through the pipeline, [...]
Turkey Bonds Rise First Time in 6 Days on German Confidence Data
Turkey’s bonds rose for the first time in six days on positive sentiment that followed the unexpected improvement in German business confidence. The yield on two-year benchmark bonds declined three basis points, or 0.03 percentage point, to 9.47 percent, trimming this week’s advance to seven basis points. “The drop in yields can be referred to [...]
Turkey to search ship possibly carrying weapons to Syria
Istanbul (CNN) — Turkish authorities are preparing to board and search a German-owned cargo ship reported to be carrying Iranian weapons bound for Syria. Citing unnamed dissident sources within the Syrian government, the German magazine Der Spiegel first reported last week that the Atlantic Cruiser was carrying Iranian arms, which were loaded at a port [...]
Turkey jails 1997 coup suspects pending trial
Turkey’s PM Tayyip Erdogan addresses members of parliament from his ruling AK Party during a meeting at the Turkish parliament in Ankara (Umit Bektas Reuters, REUTERS / March 6, 2012)
RPT-FEATURE-In "dream city" for Syria refugees, hope of return dims
Sat Apr 14, 2012 3:08am EDT * Turkish officials build refugee “city” for 12,000 * Syrian refugees say no plans to leave despite truce * Camp cost $50 mln to build, will cost $2 mln a month By Erika Solomon KILIS, Turkey, April 13 (Reuters) – Life is starting to look more permanent for the [...]
Turkey could seek NATO’s help to deal with Syria
ANKARA, Turkey – Turkey said it could seek NATO’s help in case the Syrian troops violate its borders again. Prime Minister Recep Tayyip Erdogan said Wednesday that “NATO has responsibilities to protect the Turkish border according to Article 5.” He was referring to the article in the alliance’s treaty stating that an attack against one [...]
Turkey Denounces Cross-Border Attack on Syrian Refugees
Ankara has reacted angrily to an incident Monday in which Syrians were shot while seeking refuge in Turkey, with the Turkish Foreign Ministry spokesman warning that “necessary steps” will be taken if such incidents are repeated. The incident comes as Syrian forces intensify their crackdown on the opposition ahead of Tuesday’s United Nations cease-fire deadline. [...]