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Ezgi Erkoyun

UPDATE 1-Turkey eases credit card payment rules to support consumption

13 Jun 2019

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.

Turkey says it has already bought Russian S-400 defence systems

12 Jun 2019

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.

Turkey's April current account seen $1.5 billion in deficit: Reuters poll

12 Jun 2019

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.

Turkey's central bank holds rates, shifts focus to 'disinflation'

12 Jun 2019

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.

UPDATE 2-Turkey's central bank holds rates, shifts focus to 'disinflation'

12 Jun 2019

* Inflation eased to 18.7% in May (Adds economist comments, loan package, details)

Istanbul's ousted mayor says billions wasted under Erdogan's AKP

22 May 2019

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.

Chinese firms seek Turkish partners in Africa: Turkish contractors' chief

16 May 2019

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 residents change holiday plans to vote in election re-run

08 May 2019

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.

UPDATE 3-Turkey's central bank says hikes possible, plays down reserve concerns

30 Apr 2019

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.

Erdogan's AK Party calls for rerun of Istanbul elections

16 Apr 2019

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.

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