The earthquakes that shook Turkey’s southeast last month caused about 2 trillion liras. The toll on the economy is estimated to be around 9% of this year’s GDP. The earthquake in Marmara killed over 17,000 people. The earthquakes that shook Turkey’s southeast last month caused about 2 trillion liras ($103.6 billion) in damage, according to … Read more
Erdogan claims he backs the project of creating sea route for exports Turkish President Recep Tayyip Erdogan has told Zelenskyy in a call that he has put esteem on a venture to make a protected ocean course for trading Ukrainian farming merchandise, his office has said. “Erdogan expressed that he particularly esteemed the undertaking to … Read more
ISTANBUL: Turkey’s central bank on Thursday bowed to market pressure and halted a four-month streak of interest rate cuts that saw inflation soar and the currency collapse. The bank left its policy rate at 14 per cent two days after President Recep Tayyip Erdogan, a fervent opponent of high interest rates, said future reductions could … Read more
