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Tayyip Erdogan's - 1 Erdogan - 1 Mehmet Simsek - 1 Simsek - 1 Erik Meyersson - 1 SEB - 1 Meyersson - 1 Sahap Kavcioglu - 1
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Search resuls for: "Nevzat Devranoglu Ali Kucukgocmen"


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☆ Turkish lira extends losses as Ankara loosens grip on forex market
  + stars: | 2023-06-08 | by ( Nevzat Devranoglu Ali Kucukgocmen | Nevzat Devranoglu | Ali Kucukgocmen | ) www.reuters.com   time to read: +4 min
The currency later recouped some of its losses, standing at 23.33 against the dollar by 0542 GMT, after touching a record low of 23.39 overnight during illiquid trading hours. "There is no air of panic in the markets as in previous times when there were such high losses. The central bank's net forex reserves hit an all-time low of negative $4.4 billion last month as demand surged through the elections. Investors are now awaiting the appointment of a new central bank governor to succeed Sahap Kavcioglu, who has spearheaded Erdogan's rate-slashing drive since 2021. Erdogan is considering appointing Hafize Gaye Erkan, a U.S.-based senior finance executive, as central bank governor, Reuters reported on Monday.
Persons: Tayyip Erdogan's, Erdogan, Mehmet Simsek, Simsek, Erik Meyersson, SEB, Meyersson, Sahap Kavcioglu, Hafize Gaye Erkan, Ali Kucukgocmen, Jonathan Spicer, Gareth Jones Organizations: Lira, Reuters, Thomson Locations: ISTANBUL, Ankara, U.S
☆ Turkey's economy grew 5.6% in 2022, pace to slow after earthquakes
  + stars: | 2023-02-28 | by ( Nevzat Devranoglu Ali Kucukgocmen | Nevzat Devranoglu | Ali Kucukgocmen | ) www.reuters.com   time to read: +3 min
ISTANBUL, Feb 28 (Reuters) - Turkey's economy expanded 5.6% in 2022, official data showed on Tuesday but growth was expected to slow significantly to 2.8% in 2023 after earthquakes this month caused widespread destruction in the south of the country. Growth stood at 3.5% in the fourth quarter of 2022, down from a revised 4% in the third quarter and 7.8% in the second quarter. In 2022, finance and insurance activities grew 21.8%, followed by the services sector which rose 11.7%, data from the Turkish Statistical Institute showed. GDP growth in 2023 is expected to be 2.8%, based on the median estimate in a Reuters poll. In a poll conducted in January, before the earthquakes, the median estimate for 2023 economic growth stood at 3%.
☆ Erdogan says Turkey will launch Syria land operation when convenient
  + stars: | 2022-11-23 | by ( Nevzat Devranoglu Ali Kucukgocmen | Nevzat Devranoglu | Ali Kucukgocmen | ) www.reuters.com   time to read: +3 min
"We are continuing the air operation and will come down hard on the terrorists from land at the most convenient time for us," Erdogan told his AK Party's lawmakers in a speech in parliament. Meanwhile, the United States has conveyed serious concerns to Turkey, a NATO ally, about the impact of escalation on the goal of fighting Islamic State militants in Syria. Turkey has previously launched military incursions in Syria against the Kurdish YPG militia, regarding it as a wing of the outlawed Kurdistan Workers Party (PKK), which Turkey, the United States and the European Union designate as a terrorist group. NEARLY 500 TARGETS HITTurkish Defence Minister Hulusi Akar said the army had hit 471 targets in Syria and Iraq since the weekend in what he said was Turkey's biggest air operation of recent times. It cited him as saying 254 militants had been "neutralised" in the operation, a term generally used to be mean killed.
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