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Turkey (106)

"The changes that Turkey went through following 2000, including the economic decisions that were made, are an important step. The reforms made in 2000 allowed Turkey to make great strides, despite the fact that it came at the top of the list of countries with high inflation and high interest rates. Powerfull businessmen from Turkey share their experiences and plans."

U.S. Imposes Sanctions on Turkish Company for Trade With North Korea

WASHINGTON — The United States imposed sanctions on Thursday against a Turkish company and two of its officers for doing business with North Korea, sending a tough signal to Pyongyang ahead of Secretary of State Mike Pompeo’s expected visit there this weekend. The Treasury Department accused S.I.A. Falcon International Group of being involved in trading weapons and luxury goods with North Korea, defying sanctions imposed by both the United States and the United Nations. “The international community must not stand idly by as U.N. sanctions are being circumvented,” Treasury Secretary Steven Mnuchin said in a press statement.

Turkey's Lira Slightly Firmer, Investors Weigh Up Prospects of Better U.S. Ties

ISTANBUL (Reuters) - The lira firmed slightly on Tuesday as investors weighed up the prospect of an improvement in Turkey-U.S. ties after U.S. Secretary of State Mike Pompeo said he expected talks this week over the fate of a U.S. pastor on trial in Turkey.  The lira has lost nearly 40 percent of its value against the U.S. currency this year on concerns about President Tayyip Erdogan’s grip on monetary policy and, more recently, due to a diplomatic row between Turkey and the United States.

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President Erdogan: "EU Must Pay"

TURKEY'S president Recep Tayyip Erdogan launched a scathing attack against the EU during his speech at the General Assembly of the United Nations today, arguing Brussels should provide more money to help the country facing the unprecedented migrant crisis. Mr Erdogan lashed out at the European Union during his speech at the General Assembly. Speaking about the refugee crisis that sparked from the horrific civil war in Syria, the Turkish leader said the EU has not done quite enough to support the efforts made by Turkey. He said: "Turkey has welcomed four million refugees during the last years, 3.4m of which came from Syria.

Turkey Attracts $2.2B in Investments in First Quarter

Turkey attracted $2.2 billion in investments in the first quarter of 2018, according to Investment Support and Promotion Agency (ISPAT) Chairman Arda Ermut yesterday. Speaking to Anadolu Agency's (AA) Finance Desk in Istanbul, Ermut said Turkey also attracted 1 percent of all foreign direct investments in the world in the last 15 years. "We do not see misperceptions in investors who invest directly in our country," he said.

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Turkey Sees 22% Spike in Property Sales from Foreign Home Buyers

Turkey saw a 22% spike in home sales to foreign buyers in 2017, according to a year-end report from the Turkish Statistical Institute, or Turk Stat. Despite Turkey’s spiral into authoritarianism under President Recep Tayyip Erdogan, foreigners continued to snap up homes in Istanbul and the capital city, Ankara—thanks in part to a new decree offering citizenship in exchange for luxury home purchases. In January 2017, the government enacted a new initiative whereby foreigners could get Turkish citizenship in exchange for buying a home for the equivalent of US$1 million or more.

Aegean Sea Earthquake Rocks Greece, Turkey Resorts: Two Dead on Kos

Two people were killed and at least 100 injured after a magnitude-6.7 earthquake rocked popular Greek and Turkish tourist destinations on the Aegean Sea early Friday, the U.S. Geological Survey and officials said. The earthquake sent tourists and locals running into the streets on the Greek island of Kos and the Turkish port city of Bodrum shortly after 1.30 a.m. (6.30 p.m. Thursday ET), according to the Associated Press. Both destinations are popular with European vacationers during the summer high-season.

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Saudi Alhokair Acquires 10 pct Stake in Turkey's Simit Sarayı

Turkey's most popular and widespread simit chain, Simit Sarayı, which turned simit into a brand in the country and opened to the world with franchises, has partnered with a Saudi firm. Having conducted partnership talks with foreign funds in recent years, Simit Sarayı has signed an agreement with Saudi Arabia-based Fawaz Alhokair Group for the sale of a 10 percent stake in the company. According to a joint statement released by the two companies, Fawaz Alhokair Group Vice Chairman and retail leader Abdul Majeed Alhokair will be appointed as a board member of Simit Sarayı.

ATAA Condemns the Cowardly Terrorist Attacks Against Turkish Nation

The Assembly of Turkish American Associations (ATAA) strongly condemns the continued terrorist attacks by the Marxist-Leninist terrorist organization PKK against Turkish nation. In latest PKK terror attacks, including two car bombings targeting police stations in Elazig and Van, and another remotely-detonated car bomb aimed at a military vehicle carrying soldiers in Bitlis, at least 14 people were killed and more than 280 wounded.  PKK has been waging war against Turkish nation for the last 30 years, which has claimed more than 40 thousand lives so far. The deadly wave of attacks targets not only Turkey's security forces but also civilians constituting the ultimate crime against humanity.

THO Special Brief: Attempted Military Coup in Turkey

Image How did it begin? On July 15th, at about 10:00 pm, the coup attempt began with shots inside the General Staff complex in Ankara. Shortly after, the Presidential Complex in Ankara came under fire by tanks and helicopters. Meanwhile, it was reported that military forces had closed Istanbul's Bosphorus and Fatih Sultan Mehmet Bridges, and the Ataturk Airport was shut-down. Factions of the Turkish military took control of the state broadcasting agency TRT to officially announce the coup. Prime Minister Binali Yildirim informed the nation that a coup attempt was underway. Addressing the nation via mobile telephone, President Erdogan confirmed the coup and urged people to resist and defend Turkey’s democracy by getting out to streets.
 

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