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☆ Turkey's inflation climbs to 68.5% despite continued rate hikes
▼ + stars: | 2024-04-03 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

Cagla Gurdogan | ReutersTurkey's annual inflation rose to 68.5% for the month of March, an increase on February's 67.1% inflation read, according to the Turkish Statistical Institute's report released Wednesday. Turkey has launched a concerted effort to tackle soaring inflation with interest rate hikes, most recently raising the country's key rate from 45% to 50% in late March. watch nowMuch of the inflation in recent months stems from a significant increase to the minimum wage that Turkey's government mandated for 2024. Economists expect further rate hikes from the central bank will be necessary. Turkey's central bank implemented eight consecutive interest rate hikes from June 2023 to January 2024, totaling a cumulative 3,650 basis points.

Persons: Cagla Gurdogan, Nicholas Farr, Istanbul Mayor Ekrem Imamoglu, Umit Bektas Organizations: Reuters, Economics, Istanbul Mayor, Republican People's Party Locations: Ankara, Turkey, Europe, London, Istanbul Metropolitan, Istanbul

☆ Erdogan's rival leads in Istanbul in high-stakes Turkey vote
▼ + stars: | 2024-03-31 | by ( ) www.cnbc.com time to read: +2 min

Istanbul Mayor Ekrem Imamoglu led a challenger from President Tayyip Erdogan's AK Party in local elections on Sunday, an initial count showed, in a potential boost for the Turkish opposition's effort to reassert itself as a political force. In another blow to Erdogan, in the nation's second-largest city Ankara, incumbent opposition mayor Mansur Yavas declared victory over his AK Party (AKP) challenger less than three hours after polls closed in the nationwide municipal vote. The nationwide local elections are seen by analysts as a gauge of both Erdogan's support and the opposition's durability. Erdogan, who has led Turkey for more than two decades, campaigned hard for his party to reclaim control of Istanbul from rival Imamoglu, the incumbent mayor and potential future presidential challenger. According to official results based on 41.43% of ballot boxes opened, Imamoglu had 50% support compared with 41.26% for AK Party (AKP) challenger Murat Kurum, a former minister in Erdogan's national government.

Persons: Ekrem Imamoglu, Tayyip Erdogan's, Erdogan, Mansur Yavas, Imamoglu, Murat Kurum Organizations: Tayyip Erdogan's AK Party, AK Party, Anadolu Agency, Republican People's Party Locations: Istanbul, Turkish, Ankara, Turkey, Izmir, Bursa, Antalya, Adana

☆ Man Killed in Istanbul Church Shooting Was Out for a Walk, Relative Says
▼ + stars: | 2024-01-29 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +2 min

Murat Cihan, the victim's cousin, said his relative had no political or religious connections and lived "in his own world". CCTV footage verified by Reuters shows the two gunmen waiting briefly in an entrance hall at the church, before following a man inside. Another angle shows the attackers shooting the man walking in ahead of them. Istanbul Mayor Ekrem Imamoglu said the Polish consul general was also inside the church with his family during the attack. Footage from inside the church on Monday showed bullet holes on the side of a pew, as well as another in a wall.

Persons: Mehmet Emin Caliskan, Tuncer Murat Cihan, Murat Cihan, Sukru Genc, Ekrem Imamoglu, Tayyip Erdogan, Tuncer, Alex Richardson Organizations: Islamic, Authorities, Italian Santa Maria Catholic Church, Reuters, Islamic State Locations: Mehmet Emin Caliskan ISTANBUL, Istanbul, Italian, Sariyer, Tajikistan, Russia, Sariyer's, Polish

Turkey's main opposition Republican People's Party (CHP) leader Kemal Kilicdaroglu attends a swearing-in ceremony as he is accompanied by Ozgur Ozel at the Turkish parliament in Ankara, Turkey, June 2, 2023. REUTERS/Umit Bektas/file photo Acquire Licensing RightsANKARA, Nov 4 (Reuters) - Turkey's main opposition Republican People's Party (CHP) on Sunday elected Ozgur Ozel as its new leader, ending a 13-year term for incumbent Kemal Kilicdaroglu, as the country gears up for local elections next March. Ozel, 49, has been serving as the CHP's deputy parliamentary group chairman since 2015 and has been a lawmaker since 2011. Ozel, a pharmacist by trade, received 812 of 1,366 possible votes at a tense, hours-long party congress in Ankara that took two rounds. Imamoglu supported Ozel in a push for change at the CHP that has long been bogged down by in-fighting.

Persons: Kemal Kilicdaroglu, Ozgur Ozel, Umit, Tayyip Erdogan, Ozel, Kilicdaroglu, Istanbul Mayor Ekrem Imamoglu, Imamoglu, Erdogan, Mustafa Kemal Ataturk, Ozer Sencar, pollster Metropoll, Sencar, Daniel Wallis, Hugh Lawson, David Evans Organizations: Republican People's Party, Turkish, REUTERS, Rights, Sunday, Istanbul Mayor, CHP, Thomson Locations: Ankara, Turkey, Rights ANKARA, Ozel, Istanbul, Black Sea, Rize, Turkey's

His case on Thursday was adjourned to Nov. 30 and the trial is set to hang over the opposition as it tries to regroup and rally disheartened voters ahead of local elections in March. At the same time, calls have grown louder for the opposition's defeated presidential candidate Kemal Kilicdaroglu to resign as chairman of Imamoglu's Republican People's Party (CHP). Tanju Tosun, political science professor at Ege University, said the CHP's internal politics could overshadow its preparations for next year's local elections. "If the internal rifts within the CHP continues until local elections, candidates from the ruling AK Party (AKP) could defeat opposition candidates in many cities," he said. "YSP may field candidates (in Istanbul and Ankara)," Meral Danis Bestas, a senior YSP official, said.

Persons: Imamoglu, Tayyip Erdogan, Istanbul Mayor Ekrem Imamoglu, Erdogan, Kemal Kilicdaroglu, Kilicdaroglu, Tanju Tosun, Kemal Polat, Polat, We've, Ali Kucukgocmen, Huseyin Hayatsever, Daren Butler, Angus MacSwan Organizations: Istanbul Mayor, opposition's, Republican People's Party, Ege University, CHP, AK Party, Council of State, IYI Party, IYI, Left, Thomson Locations: Istanbul, ISTANBUL, Beylikduzu, Balikesir, Denizli, Kurdish, Ankara

☆ Erdogan intent on taking back Istanbul after presidential victory
▼ + stars: | 2023-05-31 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +6 min

CNN —Turkish President Recep Tayyip Erdogan has stretched his rule into a third decade after Sunday’s presidential election victory. Are you ready to win both Uskudar (a large district in Istanbul) and Istanbul in the local elections in 2024? Then let’s not stop.”By winning back Istanbul, Erdogan means having it governed by a mayor from his Justice and Development (AK) Party. Before beginning his term as prime minister in 2003, Erdogan was himself mayor of Istanbul between 1994 and 1998. The opposition beat Erdogan by nearly three points in both Istanbul and Ankara in Sunday’s presidential runoff.

Persons: Recep Tayyip Erdogan, Erdogan, ” Erdogan, Ekrem Imamoglu, Imamoglu, Kemal Kilicdaroglu, Berk, “ Imamoglu, ” Esen, you’ve, you’re, ” Imamoglu, ”, MetroPoll, Erdogan “, Soner Cagaptay, ” Cagaptay, Canan Kaftancioglu, Esen, “, Turkey ’ Organizations: CNN, Uskudar, ”, Istanbul, Development, Party, Welfare Party, AK Party –, Republican People’s Party, Sabanci University, “, Analysts, Electoral, Rights Watch, Washington Institute for Near East, Foreign Affairs, Union of Chambers, Commodity Exchanges, Erdogan’s Locations: Istanbul, Ottoman Empire, Turkish, Ankara, Sunday’s, CHP’s Istanbul, Izmir, Erdogan’s Istanbul, Turkey

[1/3] Kemal Kilicdaroglu, presidential candidate of Turkey's main opposition alliance, gestures after speaking following early exit poll results for the second round of the presidential election in Ankara, Turkey May 28, 2023. According to some party members, analysts and voters, Kilicdaroglu, the opposition presidential candidate in Sunday's runoff vote, will need to immediately re-focus on maintaining control of Turkey's big cities in the municipal elections. Instead Erdogan, modern Turkey's longest-serving leader, will extend his increasingly authoritarian rule into a third decade, backed by a majority for his alliance in parliament. Meanwhile the Republican People's Party (CHP), which Kilicdaroglu leads, holds internal discussions this week in Ankara to pick up the pieces. The broader six-party opposition alliance convened after Sunday's election results came in.

☆ Turkey's opposition sounds positive tone in landmark vote
▼ + stars: | 2023-05-14 | by ( ) www.reuters.com time to read: +1 min

ANKARA, May 14 (Reuters) - Turkey's opposition presidential candidate said on Sunday "we are leading" in initial election results in which President Tayyip Erdogan's 20-year rule was on the line, while opposition sources gave him a more than one percentage point lead. "We are leading," Kemal Kilicdaroglu of the six-party opposition alliance said on Twitter. Separately, four sources from the six-party opposition alliance told Reuters that Kilicdaroglu was leading Erdogan by a narrow margin according to initial results. They cautioned against relying on state-run Anadolu Agency results that gave Erdogan the initial edge. Earlier, Faik Oztrak, spokesman for Kilicdaroglu's Republican People's Party (CHP), said they were seeing a positive picture even as Anadolu showed Erdogan leading by 52% to 41% based on initial results.

☆ The Turkey candidates for president and other key figures
▼ + stars: | 2023-05-12 | by ( ) www.reuters.com time to read: +6 min

Only three candidates remain in the race for president after Muharrem Ince, representing a small party, withdrew. CHP LEADER KEMAL KILICDAROGLUKilicdaroglu, 74, head of the main opposition Republican People's Party (CHP), was named the six-party opposition alliance's presidential candidate in March. Previously a staunch opponent of Erdogan, Bahceli's Nationalist Movement Party (MHP) began to work with the president and his AKP after a 2016 attempted coup. OPPOSITION FIGURES:IYI PARTY LEADER MERAL AKSENERFormer interior minister Meral Aksener, 66, leads the second-largest party in the opposition alliance, the centrist and nationalist IYI Party. ANKARA MAYOR MANSUR YAVASNationalist politician and lawyer Mansur Yavas, 67, defeated the AKP's Ankara mayoral candidate 2019 as the CHP candidate backed by an opposition alliance.

☆ Factbox: Key players in Turkey's election campaign
▼ + stars: | 2023-05-09 | by ( ) www.reuters.com time to read: +6 min

Turkey's longest-serving leader logged more than a dozen election victories and survived an attempted coup in 2016. CHP LEADER KEMAL KILICDAROGLUKilicdaroglu, 74, head of the main opposition Republican People's Party (CHP), was named the six-party opposition alliance's presidential candidate in March. HOMELAND PARTY LEADER MUHARREM INCEFormer physics teacher and headmaster Muharrem Ince, 58, is seen as having little chance of becoming president. OPPOSITION FIGURES:IYI PARTY LEADER MERAL AKSENERFormer interior minister Meral Aksener, 66, leads the second-largest party in the opposition alliance, the centrist and nationalist IYI Party. ANKARA MAYOR MANSUR YAVASNationalist politician and lawyer Mansur Yavas, 67, defeated the AKP's Ankara mayoral candidate 2019 as the CHP candidate backed by an opposition alliance.

☆ Erdogan accuses opposition of provocations ahead of tight Turkish vote
▼ + stars: | 2023-05-08 | by ( ) www.reuters.com time to read: +2 min

ANKARA, May 8 (Reuters) - Turkish President Tayyip Erdogan accused the opposition on Monday of provoking disorder and siding with terrorists, without providing evidence, in a fiery speech days before close and increasingly fractious elections. Opinion polls suggest Erdogan faces the biggest electoral challenge of his career in presidential and parliamentary votes due on May 14. The following day, on the other side of Turkey during a rally in the western town of Edirne, Erdogan accused the opposition of being "pro-LGBT" and "siding with terrorists". "They (the opposition) are trying to defame our cities shamelessly by making a scene with their own provocations," Erdogan said, without making direct reference to the events in Erzurum. Interior Minister Suleyman Soylu also accused the opposition of inciting the violence in Erzurum.

☆ Erdogan calls opposition 'pro-LGBT' at election rally
▼ + stars: | 2023-05-07 | by ( ) www.reuters.com time to read: +3 min

ANKARA, May 7 (Reuters) - Turkey's President Tayyip Erdogan accused the opposition of being "pro-LGBT" at a rally in Istanbul on Sunday, as he stepped up his rhetoric against his opponents a week before what is expected to be a tight election. Elsewhere, protesters threw stones at Istanbul Mayor Ekrem Imamoglu, a member of the main opposition Republican People's Party (CHP), during an election rally in the eastern city of Erzurum, a stronghold of Erdogan's AK Party (AKP). On Sunday, he also attacked his key election rival Kemal Kilicdaroglu, who heads the main opposition alliance. The opposition has previously denounced claims by Erdogan linking them to terrorists as divisive and dangerous campaign rhetoric. In the 2018 presidential election Erdogan won 72% of votes in Erzurum.

Under a new proposal following a weekend of political intrigue, two popular mayors would serve as vice presidents should the opposition win in the presidential and parliamentary elections on May 14. With polls showing a close race, the vote is the biggest challenge Erdogan has faced in two decades in power. Instead, Aksener proposed that either Ekrem Imamoglu or Mansur Yavas, mayors of Istanbul and Ankara, be the candidate. "She has conveyed the proposal that the two mayors serve as executive vice presidents," Zorlu said. The opposition has failed in previous national votes to pose a serious challenge to Erdogan, whose AKP came to power in 2002.

Speaking at party headquarters in Ankara, the leader of Turkey's right-wing IYI Party, Meral Aksener, said the other five parties in the alliance had put forward Kemal Kilicdaroglu, leader of the Republican People's Party (CHP), as their presidential candidate. But Aksener said her party, the second biggest in the alliance, would not "bow down" to pressure to accept him. "It is no longer a platform through which potential candidates can be discussed but a table that works to rubber-stamp a single candidate," she said. "Just like over the past 20 years, the opposition turned out to be President Tayyip Erdogan’s greatest asset," Piccoli wrote. "With the main opposition bloc in disarray, Erdogan is now much better positioned to prevail on 14 May."

☆ Turkey's devastating earthquake comes at a critical time for the country's future
▼ + stars: | 2023-02-09 | by ( Natasha Turak | ) www.cnbc.com time to read: +7 min

One major emerging markets guru, Mark Mobius of Mobius Capital Partners LLP, remains bullish despite the earthquake disaster and economic problems. "When it comes to investing in Turkey, we still believe it's a viable place to invest," Mobius said. Mobius did note the glaring issue of Turkey's earthquake preparation, which may soon come to haunt Erdogan's election chances. NATO and Turkey's powerful role on the global stageInternationally, Turkey's future affects the war in Ukraine, given Erdogan's role as a mediator between Ukraine and Russia. Russian President Vladimir Putin is expected to meet Turkey's President Recep Tayyip Erdogan on Thursday.

☆ Egypt: How the Arab world's most populous country became addicted to debt
▼ + stars: | 2022-12-16 | by ( Cnn Staff | ) edition.cnn.com time to read: +12 min

The loan, along with billions of dollars in cash inflows from Abu Dhabi and Riyadh, are Band-Aids, experts say, designed to keep the Arab world’s most populous country afloat. Without proper reforms, however, Egypt may never be able to shake off its chronic financial woes and break its growing debt addiction. Billions of dollars from Abu Dhabi and Riyadh have poured into the Egyptian economy in recent years. Saudi Arabia’s Public Investment Fund (PIF) also launched the Saudi Egyptian Investment Company (SEIC) in August, a company dedicated to investments in several vital sectors of the Egyptian economy. Still, the Egyptian economy has struggled to shake off its economic woes.

☆ Thousands protest in Turkey over Istanbul mayor's conviction
▼ + stars: | 2022-12-15 | by ( Ezgi Erkoyun | ) www.reuters.com time to read: +3 min

[1/15] Supporters of Istanbul Mayor Ekrem Imamoglu gather in front of the Istanbul Metropolitan Municipality during a rally to oppose the conviction and political ban of Imamoglu, in Istanbul, Turkey December 15, 2022. Alp Eren Kaya/CHP via REUTERSISTANBUL, Dec 15 (Reuters) - Thousands of people rallied in Turkey on Thursday to oppose the conviction and political ban of Istanbul Mayor Ekrem Imamoglu, chanting slogans criticising President Tayyip Erdogan and his ruling AK Party before elections next year. A Turkish court on Wednesday sentenced Imamoglu, a popular rival to Erdogan, to two years and seven months in prison, which like the ban must be confirmed by an appeals court. "We are here today to protect our rights and the votes of millions of people from Istanbul. His comfortable win in the re-run vote ended the 25-year rule in Istanbul of the AKP and its Islamist predecessors.

☆ Turkish court orders jail time and political ban for Erdogan rival
▼ + stars: | 2022-12-14 | by ( ) www.nbcnews.com time to read: +1 min

A Turkish court on Wednesday sentenced Istanbul Mayor Ekrem Imamoglu, a popular rival of President Recep Tayyip Erdogan, to more than two years in prison and imposed a political ban for insulting public officials, in a ruling set to go to an appeal. The ruling comes just six months ahead of scheduled presidential and parliamentary elections, in which Imamoglu has been mooted as a potential strong challenger to Erdogan. A main opposition presidential candidate has not yet been chosen. Imamoglu narrowly won the municipal election in March 2019, beating a candidate from Erdogan’s ruling AK Party. A jail sentence or political ban would need to be upheld in appeals courts, potentially extending the case beyond the election due by June 2023.

☆ Turkish court sentences Erdogan rival to jail with political ban
▼ + stars: | 2022-12-14 | by ( Ali Kucukgocmen | ) www.reuters.com time to read: +5 min

A six-party opposition alliance has yet to agree their presidential candidate, and Imamoglu has been mooted as a possible leading challenger to run against Erdogan. 'VERY SAD DAY'[1/5] Istanbul Mayor Ekrem Imamoglu and his wife Dilek sit at his office as a Turkish court sentenced Imamoglu, a popular rival of President Tayyip Erdogan, to more than two years in prison and imposed a political ban for insulting public officials, in Istanbul, Turkey, December 14, 2022. A jail sentence or political ban on Imamoglu would need to be upheld in appeals courts, potentially extending an outcome to the case beyond the elections date. "The ruling will be final only after the higher court decides whether to uphold the ruling or not. Under these circumstances, it would be wrong to say that the political ban is in place," Timucin Koprulu, professor of criminal law at Atilim University in Ankara, told Reuters after the ruling.

☆ U.S. State Dept says troubled by Turkey's jail sentence for opposition mayor
▼ + stars: | 2022-12-14 | by ( ) www.reuters.com time to read: 1 min

WASHINGTON, Dec 14 (Reuters) - The U.S. State Department is "deeply troubled and disappointed" by a Turkish court handing a jail sentence to Istanbul Mayor Ekrem Imamoglu, State Department principal deputy spokesperson Vedant Patel said on Wednesday. "This unjust sentence is inconsistent with respect for human rights, with respect to fundamental freedoms and rule of law," Patel said. "We remain gravely concerned by the continued indictment of civil society, media, political and business leaders in Turkey and their prolonged pretrial detention." A Turkish court sentenced Imamoglu to jail and imposed a political ban on the opposition politician who is seen as a strong potential challenger to President Tayyip Erdogan in elections next year. Reporting by Humeyra Pamuk; Editing by Mark PorterOur Standards: The Thomson Reuters Trust Principles.

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