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Top related persons:
Cagla Gurdogan - 1 Nicholas Farr - 1 Istanbul Mayor Ekrem Imamoglu - 1 Umit Bektas - 1
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Economics - 1 Istanbul Mayor - 1 Republican People's Party - 1

Search resuls for: "Istanbul Metropolitan"


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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
☆ Resurfaced videos from 2019 shows Turkish president bragging about builders skirting earthquake construction codes in areas now turned to rubble
  + stars: | 2023-02-14 | by ( Mia Jankowicz | ) www.businessinsider.com   time to read: +3 min
Footage emerged of Turkey's president promoting a policy that weakened building standards, per local media. At least 70,000 buildings in areas where last week's earthquake struck used the policy, experts say. The videos of President Recep Tayyip Erdoğan are circulating widely in Turkey as the death toll from this month's devastating 7.8-magnitude earthquake surpassed 33,000 people. Ihlas News Agency via ReutersZoning peace is another name for the Turkish amnesty policy which, on payment of a fine, gives retroactive permits to structures built without planning permission, or not up to code. Estimates vary as to how many buildings in the earthquake zone had taken advantage of the amnesty policy.
☆ 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.
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