Edition:
United Kingdom

Orhan Coskun

Turkey readies for action as U.S. talks on Syria safe zone struggle

06 Aug 2019

ANKARA Deep differences between Turkey and the United States over the scope and command of a planned "safe zone" in northeast Syria raise the prospect of Turkish military action unless the two countries break months of deadlock in talks this week.

Turkey to begin moving central bank, Treasury units to Istanbul -sources

26 Jul 2019

ISTANBUL Turkey plans to begin transferring some units of its central bank and Treasury to Istanbul from the capital Ankara by year-end as part of a government effort to boost the city's financial clout, according to three people familiar with the plans.

Turkey's central bank governor was sacked after resisting 300 point rate cut: sources

22 Jul 2019

ANKARA President Tayyip Erdogan's abrupt decision to sack Turkey's central bank governor Murat Cetinkaya came after months in which they had not met and was precipitated when Cetinkaya rebuffed requests in June for a 300 point rate cut, three sources said.

Former Erdogan ally resigns from AK Party, hints at rival party

08 Jul 2019

ANKARA Former Turkish deputy prime minister Ali Babacan said on Monday he was resigning from President Tayyip Erdogan's AK Party over "deep differences" with the party's direction and said that Turkey needed a new vision.

Erdogan says Turkish central bank chief ousted for refusing rate cuts - report

07 Jul 2019

ANKARA Turkish President Tayyip Erdogan sacked the central bank governor for refusing the government's repeated demands for rate cuts, Hurriyet newspaper on Sunday quoted Erdogan as telling a meeting with his party's lawmakers.

Turkey's Erdogan fires central bank chief as policy rifts deepen

06 Jul 2019

ANKARA Turkish President Tayyip Erdogan sacked the governor of the central bank on Saturday as differences between them deepened over the timing of interest rate cuts to revive the recession-hit economy.

UPDATE 1-Turkey to double forex sales tax on individuals to 0.2% -sources

03 Jul 2019

ANKARA, July 3 Turkey plans to double a tax on people buying foreign exchange to 0.2%, in a move meant to curb a trend of Turks snapping up dollars and euros, according to two people familiar with the proposal.

Turkey to double forex sales tax on individuals to 0.2% -sources

03 Jul 2019

ANKARA, July 3 Turkey plans to hike its bank and insurance transaction tax rates to 0.2% from 0.1% for individuals' foreign exchange purchases, in a move meant to curb a trend of Turks snapping up dollars and euros, according to two people familiar with the plan.

Turkey to delay planned tax hikes for high earners, luxury homes - sources

02 Jul 2019

ANKARA Turkey's government has decided to postpone until October planned tax rises for high earners and ultra-luxury housing sales because parliament is about to go on summer recess, two sources familiar with the matter told Reuters.

Former allies of Turkey's Erdogan plan rival party after Istanbul defeat

27 Jun 2019

ANKARA Two senior figures in Turkish President’s Tayyip Erdogan's ruling party are planning to launch a rival political group this year, people familiar with the matter said, a move that could further erode support for the country’s long-time leader on the heels of a stinging electoral defeat in Istanbul.

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