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Ezgi Erkoyun

Turkish central bank moves to boost profits of state banks

1:35pm BST

ANKARA/ISTANBUL, Aug 20 A central bank decision that banks with higher loan growth can hold lower reserves will boost profits at Turkish state banks and encourage private banks to follow suit with increased lending, analysts say.

UPDATE 2-Turkish central bank slashes rates below 20% in first shift since crisis

25 Jul 2019

* Lira strengthens after initial drop (Adds comments, lira update, historical context)

Turkey's economy to contract in 2019, limited growth ahead: Reuters Poll

17 Jul 2019

ISTANBUL Turkey's economy is expected to contract in 2019 for the first time in a decade and to see only modest growth in the following two years, a Reuters poll showed on Wednesday.

Russia delivers missile system to Turkey in challenge to NATO

12 Jul 2019

ISTANBUL Russia began delivering an advanced missile defense system to Turkey on Friday, a move expected to trigger U.S. sanctions against a NATO ally and drive a wedge into the heart of the Western military alliance. | Video

Turkey's Erdogan says dismissed central bank governor did not follow instructions

10 Jul 2019

ISTANBUL Turkish President Tayyip Erdogan said on Wednesday he had dismissed the central bank governor because he failed to follow instructions on interest rates and the bank had not properly fulfilled its role.

Turkey cenbank seen making deeper rate cut on July 25 after governor dismissal - Reuters poll

10 Jul 2019

ISTANBUL Turkey's central bank is expected to make a deeper than previously expected cut in its key interest rate this month after President Tayyip Erdogan dismissed its governor, a Reuters poll showed on Wednesday.

Turkish court rules to keep U.S. consulate employee in custody

28 Jun 2019

ISTANBUL A Turkish court ruled on Friday to keep an employee of the U.S. consulate in custody as his trial on espionage charges continues, in a case that has damaged relations between Washington and Ankara.

Nearly a year after currency crisis, unemployed Turks still 'can't dream'

26 Jun 2019

ISTANBUL Murat Abi found employment in construction after moving to Istanbul from eastern Turkey four years ago, including at the city's new airport, which the government heralded as a pillar of the country’s economic might. | Video

Turkish assets rally after opposition wins Istanbul election

24 Jun 2019

ISTANBUL The Turkish lira, bonds and shares gained on Monday after the opposition dealt a stinging blow to President Tayyip Erdogan by winning control of Istanbul in a re-run mayoral election on Sunday.

Blow to Turkey's Erdogan as opposition wins big in Istanbul

24 Jun 2019

ISTANBUL Turkey's main opposition claimed a decisive victory on Sunday in Istanbul's re-run election, dealing one of the biggest blows to President Tayyip Erdogan during his 16 years in power and promising a new beginning in the country's largest city. | Video

World News

EU rebuffs Johnson's opening Brexit bid

Prime Minister Boris Johnson's demand that the European Union reopen the Brexit divorce deal was rebuffed on Tuesday by the bloc, which said Britain had failed to propose any realistic alternative to an agreed insurance policy for the Irish border.