ISTANBUL, June 13 Turkey's banking watchdog has
eased payment regulations for credit cards, raising the maximum
number of instalments and cutting repayment levels as it looks
to support domestic consumption in a struggling economy.
ISTANBUL Turkey has already purchased S-400 defence systems from Russia and hopes they will be delivered in July, Turkish President Tayyip Erdogan said on Wednesday, an announcement likely to ratchet up tensions with NATO ally Washington.
ISTANBUL Turkey's current account is expected to show a deficit of $1.5 billion in April, a Reuters poll showed on Wednesday, pushed higher by a fall in the primary income component as the trade deficit remains low.
ISTANBUL Turkey's central bank on Wednesday held its key interest rate steady at 24%, appearing to pave the way for a rate cut soon as it signalled growing confidence that inflation, which hit 15-year highs in October, is on a downward curve.
* Inflation eased to 18.7% in May
(Adds economist comments, loan package, details)
ISTANBUL President Tayyip Erdogan's AK Party spent 80 million lira ($13 million) in three years on an Istanbul city website, the ousted opposition mayor said on Wednesday, part of what he said was a wider misspending of billions of lira of public money.
ISTANBUL Chinese firms are eyeing partnerships with Turkish construction firms in Africa and are also looking to take stakes in Turkish companies, the head of the Turkish Contractors Association said.
ISTANBUL Istanbul residents are cancelling holiday bookings for the weekend of June 23 to ensure they can take part in a re-run of the city's mayoral election that has laid bare Turkey's deep political divisions and raised concerns about its democracy.
ISTANBUL, April 30 Turkish Central Bank Governor
Murat Cetinkaya said on Tuesday interest rate hikes remained an
option if inflation unexpectedly jumps, and he defended the
bank's stable of reserves against concerns that have grown as
the lira tumbled in recent weeks.
ISTANBUL/ANKARA Turkish President Tayyip Erdogan's AK Party formally requested on Tuesday an annulment and rerun of Istanbul's municipal elections over what it said were irregularities, prompting the main opposition to accuse it of damaging democracy.