Page 27 - Turkey

Greece seeks open channels of communication with Turkey: PM Mitsotakis

Greece will always seek to keep open channels of communication with Turkey, Greek Prime Minister Kyriakos Mitsotakis has said

Russian Unistream bank in talks on instant money transfers to India, Turkey

Russian bank Unistream, which specialises in money transfers, has seen a surge in remittances since Moscow began operations in Ukraine and plans to launch instant transfers to India, Turkey

Tension rises as regional rivals Turkey, Greece voice festering grievances

Troubled relations between regional rivals Turkey and Greece have worsened, with Turkey's president doubling down on a thinly veiled invasion threat and Athens responding that it's ready to defend its sovereignty. Turkey and Greece have decades-old disputes over an array of issues, including territorial claims in the Aegean Sea and disagreements over the airspace there. The friction between the neighbours has brought the NATO allies to the brink of war three times in the last half-century. Turkish President Recep Tayyip Erdogan said Turkey could come all of a sudden one night in response to perceived Greek threats, suggesting a Turkish attack on its neighbour cannot be ruled out. Questioned about his earlier use of the phrase over the weekend and the possibility of Turkish military action, Erdogan reiterated the expression. What I'm talking about is not a dream, he said at a news conference in the Bosnian capital Sarajevo. If what I said was that we could come one night all of a

Turkey's annual inflation passes 80% in August after interest rate cut

Turkey's annual inflation passed 80% in August, according to official data on Monday, further hitting consumers facing high energy, food and housing costs. The Turkish Statistical Institute said consumer prices rose by 80.21% from a year earlier, up 0.6 percentage points from the previous month. Independent experts say inflation is much higher than official statistics. The Inflation Research Group put the annual rate at 181%. The central bank unexpectedly cut interest rates to 13% in August despite rising prices, a plunging lira and an unbalanced current account. The central bank slashed interest rates by 5 percentage points between September and December last year. The rate then stayed at 14% until last month. Russia's invasion of Ukraine and the lira's decline have stoked inflation. The lira has plunged over 50% against the U.S. dollar since the central bank began cutting rates. Economists say rising inflation in Turkey is fuelled by President Recep Tayyip Erdogan's unorthodox .

Turkey sharply raises 2022 inflation forecast from 9.8% last year to 65%

Turkey sharply raised the country's inflation forecast for 2022 to 65 per cent, up from 9.8 per cent predicted one year ago, according to a government program published in the Official Gazette

Turkey's Tayyip Erdogan warns Greece over 'harassment' of Turkish jets

Turkish President Recep Tayyip Erdogan issued a warning against Greece over what Ankara calls recent "harassment" of Turkish fighter jets in the Aegean and the eastern Mediterranean

Russia's Putin, Turkey's Erdogan discuss bilateral ties, Ukraine over phone

Russian President Vladimir Putin and Turkish President Recep Tayyip Erdogan exchanged views on bilateral ties during a phone call

Swedish government under fire for bargaining with Turkey over NATO bid

Sweden's governing Social Democrats have come under fire from the left for caving into Turkish demands as they sought to persuade Ankara to lift its veto on the Nordic nation's accession to NATO

Turkey hikes up passage fees through its straits almost fivefold: Report

The passage fee hike came shortly after the straits of Turkey became the epicentre of global attention as ships carrying tonnes of Ukrainian grain sailed through them

Presidents of Turkey, Iran, UAE extend sympathy over Pak flood crisis

Presidents of Turkey, Iran and the United Arab Emirates have called on Pakistan Prime Minister Shehbaz Sharif and extended sympathy over the devastation caused by floods

Turkey, Sweden, Finland to hold new round of talks on Nordics' NATO bid

Representatives from Turkey, Sweden and Finland met on Friday in the Finnish city of Vantaa and agreed to continue talks on the Nordic countries' ascension to NATO

Erdogan vows to expand incursion in Syria despite international protests

Erdogan had in April warned of a new offensive to drive the US-backed Syrian Kurdish militia the People's Defence Units (YPG) further south

Swedish FM confirms NATO talks with Finland, Turkey on Friday

Swedish Foreign Minister Ann Linde has confirmed that envoys from Finland, Sweden and Turkey are due to meet for talks on Friday over the two Nordic nations joining the NATO

Turkey says Greece harassed its jets during NATO mission in Mediterranean

Turkey summoned the Greek military attache and filed a complaint with NATO after Greek fighter jets allegedly harassed Turkish fighter jets that were conducting an important mission for the military alliance, Turkey's state-run news agency reported Tuesday. The Anadolu Agency said F-16s belonging to Greece harassed Turkish pilots flying the same model by putting Turkey's aircraft under a radar lock during the NATO mission over the eastern Mediterranean. Turkey gave the necessary response and forced the planes to leave the area, Anadolu said, without elaborating. Anadolu said Turkey's defence ministry notified NATO officials about the alleged harassment and summoned the Greek military official in Ankara, accusing Greece of endangering a NATO mission. Greece rejected the Turkish version of events. The Defence Ministry said five Turkish jets appeared without prior notification to accompany a flight of U.S. B-52 bombers which hadn't been due to have a fighter escort through an area

Turkish lira tumbles by 1% as central bank cuts key interest rate

Turkish consumers already struggle with high inflation and spiralling energy and food prices

Israel, Turkey agree to reinstate diplomatic relations in a historic step

Israel and Turkey want to fully resume diplomatic relations, leaders from both countries said on in a historic step that followed a visit by the Israeli Prime Minister to Turkey

Ukrainian President Zelensky to meet Recep Erdogan, UN chief this week

Ukrainian President Volodymyr Zelensky will meet his Turkish counterpart Recep Tayyip Erdogan and UN Secretary-General Antonio Guterres this week, a spokesman for the world body confirmed.

Leaders of Ukraine, Turkey and UN to meet tomorrow in Lviv on grain deal

Ukrainian President Volodymyr Zelinskyy is meeting with UN chief Antonio Guterres and Turkish President Recep Tayyip Erdogan on Thursday to review the deal allowing Ukrainian grain to be shipped

Turkey urges Sweden, Finland to fulfil NATO accession commitments

Turkish Foreign Minister Mevlut Cavusoglu urged Finland and Sweden to take "concrete steps" about their commitments that should be fulfilled before their accession to the NATO.

Vladimir Putin, Tayyip Erdogan meet to further Russia-Turkey ties

Russian President Vladimir Putin and Turkish President Recep Tayyip Erdogan agreed to strengthen bilateral relations during their talks in Russia's Sochi.