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☆ Turkey's inflation accelerates to nearly 70% in April
▼ + stars: | 2024-05-03 | by ( Natasha Turak | ) www.cnbc.com time to read: +1 min

Turkey's inflation accelerated to 69.8% annually for the month of April, the Turkish Statistical Institute reported Friday. On a monthly basis, Turkey's inflation increased 3.18%, led by price rises in alcoholic beverages and tobacco, and hotels, cafes and restaurants. April's inflation rate marks the highest annual increase since November 2022, when inflation was around 85%. But any hopes of interest rate cuts are a long way off, economists said. Turkey's central bank has hiked its key interest rate to 50%, citing the continuing need to counter climbing inflation in the country.

Persons: Kemal Ataturk, April's, Liam Peach Organizations: Turkish, Turkish Statistical Institute, Economics Locations: Turkish, Sisli, Istanbul, Turkey, London

☆ Western special ops activity is on the rise around a new US partner in a strategic but unstable area of the Mediterranean
▼ + stars: | 2024-03-15 | by ( Constantine Atlamazoglou | ) www.businessinsider.com time to read: +7 min

Read previewA former Russian partner who has drawn closer to the US in recent years has lately become something of a hub for Western special operations activity. The country's proximity to Israel, Gaza, and the Red Sea is important for special operations training. Naval Special Warfare Operators (SEALs) and Special Warfare Combatant-Craft Crewmen (SWCC) conduct live fire weapons training with Cypriot Underwater Demolition Command (MYK) forces near Limassol, Cyprus on Jan. 29, 2024. In 2015, Nicosia signed a deal with Moscow allowing Russian warships to access its ports for replenishment. AdvertisementFollowing Russia's invasion of Ukraine, Cyprus barred Russian warships from its ports and scrapped the 2015 agreement, something the US had demanded.

Persons: —, Bill Gallagher, Bill Carlisle, Jeff Butler, Butler, Gallagher Organizations: Service, US Navy SEALs, Warfare, Cypriot, Business, Naval, Craft, Cypriot Underwater, Command, US Navy, Navy, NFL, Super, White House, Cypriot National Guard, Turkish, New Jersey National Guard, Navy SEAL Locations: Russian, Cyprus, Gaza, Germany, Netherlands, Akrotiri, Yemen, Limassol, Levant, North Africa, Asia, Israel, East Coast, Russia, Nicosia, Moscow, Greece, Turkish Republic of Northern Cyprus, Turkey, Ukraine, Cypriot

☆ Turkey is celebrating 100 years as a republic. But today’s nation is a long way from 1923’s secular state
▼ + stars: | 2023-10-30 | by ( Zara Khan | ) edition.cnn.com time to read: +10 min

Today’s Turkey, however, is starkly different from the secular, Westernized state envisioned by Ataturk 100 years ago. The Turkish republic as imagined by Ataturk was firmly rooted in the West and a quick succession of reforms sought to modernize a population decimated by war. People often express such justification through religion, Murat Somer, a professor of political science at Ozyegin University in Istanbul, told CNN. What Ataturk may have been most proud of in today’s Turkey, however, is its growing influence on the world stage, analysts say. In 1926, after an assassination plot against him was discovered, Ataturk told his new nation: “One day my mortal body will turn to dust, but the Turkish republic will stand forever.”

Persons: Recep Tayyip Erdogan, Erdogan, Mustafa Kemal Ataturk, Ataturk, Hagia Sofia, Ataturk’s, weren’t, Ozel, Murat Somer, ”, Somer, “, Ayse, Ismet Inonu, Power, Ataturk “, ” Somer, Adem Altan, “ I’m, ” Zarakol, ” Ozel Organizations: CNN, Turks, Ataturk, Hagia, Ottomans, Hulton, International Relations, Kadir Has University, Ozyegin University, Republican People’s Party, University of Cambridge, Anitkabir, Sunday, Getty, NATO, East, Central Asia Locations: Istanbul, Turkish, Ottoman, Today’s Turkey, Ottoman Empire, Europe, Russia, Anatolia, Ankara, The Turkish, West, fez, Hagia Sofia, Turkey, Hagia, Kasimpasa, “, Ataturk, Turkish Republic, AFP, today’s Turkey, Ukraine, Central

Menendez, the senior Democratic senator for New Jersey, has been a vocal opponent of Turkey receiving aircraft to update its fighter fleet. “One of our most important problems regarding the F-16s were the activities of U.S. Sen. Bob Menendez against our country,” Erdogan told journalists on a flight back from Azerbaijan on Monday. “Menendez’s exit gives us an advantage but the F-16 issue is not an issue that depends only on Menendez,” Erdogan added. Neither Washington nor Ankara have openly admitted a link between Sweden’s bid to the F-16 deal but it is widely acknowledged unofficially. “We will raise our voices even more for Turkish Republic of Northern Cyprus to be recognized by other countries,” Erdogan said.

Persons: —, Sen, Bob Menendez, Recep Tayyip Erdogan, Menendez, U.S . Sen, ” Erdogan, Antony Blinken, Hakan Fidan, Erdogan, Blinken, Fidan, ”, “, Benjamin Netanyahu Organizations: U.S, Senate Foreign Relations, Democratic, U.S ., Turkish, NATO, Finland, Israeli, General Assembly Locations: ISTANBUL, Turkish, New Jersey, Turkey, Azerbaijan, Ankara, Greece, Sweden, Stockholm, Ukraine, Hungary, Washington, Nakhchivan, Nagorno, Karabakh, Baku, Armenia, Iran, Tehran, New York, Israel, Cyprus, Turkish Republic of Northern Cyprus

☆ Ex-Goldman Sachs trader to lead Greece's leftist Syriza party
▼ + stars: | 2023-09-24 | by ( Renee Maltezou | ) www.reuters.com time to read: +3 min

[1/7] The newly elected leader of Syriza leftist party, Stefanos Kasselakis walks outside the party's headquarters in Athens, Greece, September 25, 2023. Syriza was catapulted to power at the height of Greece's debt crisis in 2015, but lost to the conservative New Democracy party in 2019 and in June 2023. Kasselakis replaces Alexis Tsipras, a firebrand leftist whose anti-austerity rhetoric rallied voters around Syriza during the debt crisis. After coming to power, Tsipras was forced to accept a third international bailout and more austerity. Since Kasselakis is not a lawmaker, he will most likely need to appoint a party deputy to lead Syriza's parliamentary group.

Persons: Stefanos, Louisa Gouliamaki, Syriza, Alexis Tsipras, Goldman Sachs, Effie Achtsioglou, Kasselakis, Joe Biden, Tsipras, Nikos Pappas, Tyler Macbeth, Renee Maltezou, Michele Kambas, Emelia Organizations: REUTERS, ATHENS, Sunday, Syriza, New Democracy, ERT, Democratic, firebrand, Facebook, Kasselakis, Thomson Locations: Athens, Greece, Kasselakis, Achtsioglou, United States, Syriza, Cyprus, Turkish Republic of Northern Cyprus

☆ The US is making 'irreversible' progress with a former Russian partner in a tense corner of Europe, but not everyone in NATO will be happy
▼ + stars: | 2023-08-29 | by ( Constantine Atlamazoglou | ) www.businessinsider.com time to read: +8 min

For Cyprus, it's a move away from its longtime partner in Russia, but Turkey isn't happy about it. Cyprus has made "important strides" in its military and security cooperation with the US, Michalis Giorgallas, Cyprus' minister of defense, told Insider in response to written questions. Giorgallas told Insider. "This trajectory will continue," Giorgallas told Insider, adding that after the National Guard partnership, "our defense cooperation with the US has become irreversible and we look forward to what's to come." Giorgallas told Insider that the area is historically an unstable one and that the instability has become more visible in more domains, such as at sea and in the air over the region.

Persons: it's, Michalis Giorgallas, aren't, ROY ISSA, Panteleyev, Yiannis Kourtoglou, Giorgallas, John Yountz, —, IAKOVOS HATZISTAVROU, Christopher Cavoli, BIROL BEBEK, Constantine Atlamazoglou Organizations: Service, NATO, UN, Getty, Cypriot, Russian Navy, Airbus, US Army, Staff, Military Education, Training, Cypriot National Guard, New Jersey National Guard, National Guard, US European Command, Turkish, Fletcher School of Law, LinkedIn, Twitter Locations: Republic of Cyprus, Cyprus, Russia, Turkey, Wall, Silicon, Europe, East, North Africa, Moscow, Turkish Republic of Northern Cyprus, Ankara, Washington, Crimea, Ukraine, Limassol, AFP, US, Nicosia, Larnaca, John Yountz Cypriot, Cypriot, Greece, Tartus, Northern Cyprus

☆ Turkey says UN peacekeepers intervention of Turkish Cypriot roadworks unacceptable
▼ + stars: | 2023-08-21 | by ( ) www.reuters.com time to read: +1 min

Scuffles broke out on Friday between U.N. peacekeepers and Turkish Cypriot security personnel when peacekeepers tried to prevent roadworks starting in an area the U.N. says is part of a buffer zone under its jurisdiction. Erdogan also said Turkey will continue to side with the Turkish Republic of Northern Cyprus (TRNC), a breakaway state recognised only by Ankara. Turkish Cypriot authorities want to build a road that would give residents of Pyla/Pile, a village in the U.N.-administered buffer zone, direct access to territory under Turkish Cypriot control. Turkish Cypriot authorities say the peacekeeping force, known as UNFICYP, overstepped its boundaries. Turkish Cypriot leader Ersin Tatar characterised the road project as essential.

Persons: Tayyip Erdogan, Anitkabir, Mustafa Kemal Ataturk, Erdogan, Scuffles, Ersin Tatar, Ezgi, Jonathan Oatis Organizations: Supreme Military Council, Presidential Press, REUTERS, Rights, United Nations, Peacekeeping Force, Turkish Cypriot, Thomson Locations: YAS, Ankara, Turkey, Rights ISTANBUL, Cyprus, Pyla, U.N, Turkish, Turkish Republic of Northern Cyprus, Turkish Cypriot

☆ What Turkey’s new cabinet says about where the country is headed
▼ + stars: | 2023-06-07 | by ( Gul Tuysuz | ) edition.cnn.com time to read: +8 min

The cabinet appointments hint at a return to orthodox economic policy while holding course on foreign policy as the president heads into his third decade in power. Erdogan’s unorthodox economic policies over the past few years have led to a cost-of-living crisis and a plummeting Turkish lira. Shadow diplomatThe new foreign minister is a well-known figure to Turks and international players who have negotiated with Turkey of late. Hakan Fidan, who had served as head of Turkish Intelligence Agency (MIT) since 2010, has been in every room and every discussion that has been pivotal to Turkish foreign policy over the last few years. He’s been ever-present but rarely heard – a shadow diplomat in Erdogan’s foreign policy arsenal who has charted rough waters in Syria, Libya and beyond.

Persons: Recep Tayyip Erdogan, Mehmet Simsek, –, Nureddin Nebati, ” Simsek, Erdogan, Simsek, Mehmet Celik, Cevdet Yilmaz, Omer Bolat, ” Celik, Hakan Fidan, He’s, Fidan, Ibrahim Kalin, “, ” Fidan, ”, Suleyman Soylu, Istanbul Ali Yerlikaya, Hulusi Akar, Mevlut Cavusoglu, They’ve Organizations: Istanbul CNN —, Reuters, Daily, Trade, CNN, NATO, Turkish Intelligence Agency, MIT, Kurdistan Workers ’ Party, EU, Defense, Development Party, AK Party Locations: Istanbul, Turkish Republic, Turkish, “ Turkey, Daily Sabah, Turkey, Syria, Libya, Greece, West, Celik, Damascus, Ankara, Sweden, Yerlikaya

☆ Turkey election 2023: What's at stake in the runoff?
▼ + stars: | 2023-05-26 | by ( ) www.reuters.com time to read: +6 min

The election takes place three months after earthquakes in southeast Turkey killed more than 50,000 people. WHAT'S AT STAKE FOR TURKEY ... [1/2] People walk next to posters of Turkish President Tayyip Erdogan, ahead of the May 28 presidential runoff vote, in Istanbul, Turkey, May 25, 2023. Seeking a runoff boost from nationalist voters, Kilicdaroglu has in the last two weeks sharpened his anti-immigrant tone and promised to repatriate migrants. Pollsters later pointed to an unexpected surge in nationalist support at the ballot box to explain the result.

☆ Ayvalık and Cunda: Turkey's prettiest Aegean coast resorts
▼ + stars: | 2023-05-24 | by ( Feride Yalav-Heckeroth | ) edition.cnn.com time to read: +9 min

Alongside classic beach towns like Bodrum and Alaçatı, two of the coast’s loveliest spots are the little-known seaside town of Ayvalık and the nearby island of Cunda. Near the Taksiyarhis Memorial Museum, in a beautifully renovated historic house with large arched windows, is Moyy Atölye. For a truly Aegean dining experience inside an olive grove, Karina Ayvalık is worth the 10-minute drive south to the village of Küçükköy. “I can breathe in the Aegean air and feel history as I walk through the old streets with their historic houses. Getting lost on Cunda leads to discoveries – like the Cunda Taksiyarhis Rahmi M. Koç Museum inside a renovated Greek Orthodox church with a collection of antique cars, motorcycles and toys.

☆ The US has a new friend in the Mediterranean that could help it isolate Russia, but not everybody in NATO is happy about it
▼ + stars: | 2023-05-17 | by ( Constantine Atlamazoglou | ) www.businessinsider.com time to read: +8 min

Cyprus long had close ties with Russia, but it has turned to the West in recent years. John YountzHowever, Nicosia has been moving away from Russia and pursuing a closer relationship with the US. "We keep a strong military-to-military relationship with Cyprus," Cavoli said. Unhappy neighborsA UN peacekeeper looks at a map of the buffer zone between the Republic of Cyprus and the Turkish Republic of Northern Cyprus in Nicosia in April 2021. ROY ISSA/AFP via Getty ImagesBurgeoning US-Cyprus ties would appear to benefit NATO, but not all of the alliance's members are happy about it.

But for the next two weeks, he may become the most important figure in Turkish politics, potentially deciding President Recep Tayyip Erdogan’s political fate. Preliminary results from the YSK showed Erdogan as having received 49.51% of the vote, while Kilicdaroglu had 44.88%. Ogan, the third candidate, received 5.17%, enough to swing the runoff vote in favor of either of the candidates. But his political career began with the far-right Nationalist Movement Party (MHP), where he spent six years before splitting with it, partly due to its growing closeness with Erdogan’s AK Party, according to Turkish media. Formerly in the opposition, the MHP joined the People Alliance that is led by Erdogan’s AK Party in this election.

☆ Opinion: Turkey’s Erdogan is in the fight of his political life. The real winner may be Putin
▼ + stars: | 2023-05-10 | by ( Opinion Elmira Bayrasli | ) edition.cnn.com time to read: +7 min

CNN —For Recep Tayyip Erdogan, Turkey’s longest serving ruler, Sunday’s upcoming election may be the end of a two-decade winning streak. Following an attempted coup to unseat Erdogan, the Russian president called his Turkish counterpart and offered his country’s support. Still, it was not enough to change the eastern tilt of Turkish foreign policy. Whether Erdogan wins or loses, Ankara is unlikely to untangle itself from Moscow and turn back to the West. (The Turkish president has previously dismissed concerns about press freedom in his country).

☆ What's at stake in Turkey's landmark elections?
▼ + stars: | 2023-05-08 | by ( ) www.reuters.com time to read: +5 min

Modern Turkey's longest-serving leader, Erdogan has championed religious piety and low interest rates at home while asserting Turkish influence in the region and loosening the NATO member's ties with the West. The election takes place three months after earthquakes in southeast Turkey killed more than 50,000 people. WHAT'S AT STAKE FOR TURKEY ... The opposition has echoed Erdogan's plans to return some refugees to Syria, but neither has set out how that could safely take place. How the opposition will garner support among the Kurdish voters, accounting for 15% of the electorate, remains key.

☆ Explainer: What's at stake in Turkey's landmark elections?
▼ + stars: | 2023-05-08 | by ( ) www.reuters.com time to read: +5 min

The election takes place three months after earthquakes in southeast Turkey killed more than 50,000 people. WHAT'S AT STAKE FOR TURKEY ... They would also dismantle his executive presidency in favour of the previous parliamentary system, and send back Syrian refugees. The opposition has echoed Erdogan's plans to return some refugees to Syria, but neither has set out how that could safely take place. How the opposition will garner support among the Kurdish voters, accounting for 15% of the electorate, remains key.

☆ Analysis: In Turkey, an election reckoning for the rise and fall of Erdogan's economy
▼ + stars: | 2023-05-08 | by ( Jonathan Spicer | ) www.reuters.com time to read: +8 min

The May 14 vote, which lands during the Turkish Republic's centenary year, is Erdogan's biggest test yet. At the same time, a global reversal in market liquidity left Turkey and other emerging markets starved for funding. But the economic crisis was damaging. This trend accelerated in 2013, wiping out big gains made in 2006-2010 during Erdogan's first decade in charge. "If Erdogan wins the election and continues his economic policy it will come to a complete crash at one point.

☆ Explainer: What's at stake in Turkey's upcoming elections?
▼ + stars: | 2023-03-07 | by ( ) www.reuters.com time to read: +5 min

The opposition promises to reverse many of the policies of Erdogan, who has championed religious piety, military-backed diplomacy and low interest rates. WHAT'S AT STAKE IN THIS ELECTION FOR TURKEY ... Erdogan has also centralised power around an executive presidency, based in a 1,000-room palace on the edge of Ankara, which sets policy on Turkey's economic, security, domestic and international affairs. Economists say Erdogan's calls for low interest rates sent inflation soaring to a 24-year high of 85% last year, and the lira slumping to one tenth of its value against the dollar over the last decade. How the opposition will garner support among the Kurdish voters, accounting for 15% of the electorate, remains key.

☆ Turkey’s Opposition Leader Enters Election Race Against President Recep Tayyip Erdogan
▼ + stars: | 2023-03-06 | by ( Jared Malsin | ) www.wsj.com time to read: 1 min

ISTANBUL—Turkish opposition parties named elder statesman Kemal Kilicdaroglu as their presidential candidate on Monday in a historic election campaign against President Recep Tayyip Erdogan , who is facing a public outcry over his handling of last month’s catastrophic earthquakes. Mr. Kilicdaroglu, 74 years old, is the long-serving leader of the country’s largest opposition party, the Republican People’s Party (CHP), the secular bloc formed over a century ago by Mustafa Kemal Atatürk , the founder of the modern Turkish republic.

☆ Analysis: Investors see Erdogan's earthquake response as pivotal
▼ + stars: | 2023-02-09 | by ( Marc Jones | ) www.reuters.com time to read: +4 min

Kopf was referring to Turkey's 2002 election which came three years after a 7.6 magnitude earthquake in Izmit near Istanbul that killed nearly 18,000 people. The southeast region hit by Monday's disaster accounts for a much smaller 9.3% of national GDP and a modest 8.5% of exports. Erik Meyersson, a senior economist at Handelsbanken, said it was that power that voters would now need to see working. "But if he bungles the response, perhaps this is the straw that breaks the camel's back." Magnitude 7.9 earthquake hit southern Turkey on Feb. 6Reporting by Marc Jones; Editing by Susan FentonOur Standards: The Thomson Reuters Trust Principles.

☆ Explainer: What's at stake in Turkey's upcoming elections
▼ + stars: | 2023-01-18 | by ( ) www.reuters.com time to read: +6 min

WHAT'S AT STAKE IN THIS ELECTION FOR TURKEY... Opposition parties have pledged to restore central bank independence, bring back parliamentary government and introduce a new constitution enshrining the rule of law. Meanwhile Turkey's top court is hearing a case to shut down the third-largest parliamentary party, the pro-Kurdish Peoples' Democratic Party (HDP), and has frozen some of its accounts. Once campaigning starts, opposition parties may find it harder to get their message heard. Though the election deadline is mid-June, Erdogan's party has said they may be brought forward.

☆ The tunnels and bridges linking Asia to Europe
▼ + stars: | 2022-12-26 | by ( Lisa Morrow | ) edition.cnn.com time to read: +11 min

Sometimes called FSM Köprüsü, it’s another gravity-anchored steel suspension bridge similar in length to the First Bridge and costing a similar toll fee to use. Yavuz Sultan Selim BridgeThe Yavuz Sultan Selim Bridge opened in 2016. irina lepnyova/Adobe StockIn 2016, a third suspension bridge opened up across the Bosphorus, near the Black Sea. With a 58.8-meter-wide single deck slab, it is the world’s widest suspension bridge, able to carry eight lanes of traffic and a double-track railway line. Çannakale 1915 BridgeThe 1915 Canakkale Bridge has the world's longest suspension bridge span. Measuring just short of 2.3 miles, it now claims the world record for the longest suspension bridge span.

Persons: peters, Fatih, Fatih Sultan Mehmet Bridge, Bridge, Fatih Sultan Mehmet, Mehmet the Conqueror, King Darius I, Yavuz Sultan Selim Bridge, Sultan Selim Bridge, irina lepnyova, Yavuz Sultan Selim, Tershanesi, It’s, OZAN KOSE, Sabiha, Sultan Abdülmecid I, Abdul Hamid II, Çeşmesi, Ryzhkov Aleksandr Organizations: Istanbul CNN, CNN, Istanbul Marathon, Adobe, Horn, Anadolu Agency, Getty, Atatürk Airport, Istanbul Kart, Ferries, Princes Locations: Istanbul, Bosphorus, Marmara, Europe, Asia, Princess, Photosensia, Turkish Republic, Ortaköy, Fatih Sultan, mehmet, Constantinople, Byzantine, Hısarüstü, Kavacık, Anatolia, Canakkale, Gelibolu, Lapseki, Turkey, OZAN, AFP, Kazlıçeşme, Göztepe, Istanbul’s, Eurasia, Ryzhkov, ’, Ottoman, Princes ’, Sirkeci, Bursa, Yalova, Mudanya, Taksim

☆ Putin: We could quit grain deal again, but would not block grain for Turkey
▼ + stars: | 2022-11-02 | by ( ) www.reuters.com time to read: +3 min

Nov 2 (Reuters) - President Vladimir Putin on Wednesday reserved Russia's right to withdraw again from an international agreement allowing Ukraine to export grain via the Black Sea, after ending four days of non-cooperation with the deal. If Russia did so, however, Putin said it would not impede shipments of grain from Ukraine to Turkey. Wednesday's U-turn followed a phone call between Putin and Turkish President Tayyip Erdogan on Tuesday and consultations between their defence ministers. Despite the Russian move, ships had continued to export Ukrainian grain, and a record volume moved on Monday. Russian political analyst Tatiana Stanovaya said Wednesday's announcement represented an acknowledgement by Putin that he could not block the shipments.

☆ A quiet US move in the Mediterranean may help put more pressure on Russia, but not everyone in NATO is happy about it
▼ + stars: | 2022-10-17 | by ( Constantine Atlamazoglou | ) www.businessinsider.com time to read: +8 min

The US lifted its 35-year-old arms embargo on the Republic of Cyprus in September. But the US decision has rankled Turkey, which is at odds with NATO ally Greece over the island. Increased cooperationThe Cypriot Underwater Demolition Team and US Naval Special Warfare Task Unit Europe train in Cyprus in September 2021. "This is a landmark decision, reflecting the burgeoning strategic relationship between the two countries, including in the area of security," Cypriot President Nikos Anastasiades said after the announcement. Cyprus is one of many points of contention between Greece and Turkey, whose worsening relations have worried other NATO members.

☆ 18 haunting images capture Cyprus' divided border that's effectively frozen-in-time
▼ + stars: | 2014-04-10 | by ( Jeremy Bender | ) www.businessinsider.com time to read: +2 min

The buffer zone was hastily evacuated during the Turkish invasion of Cyprus in 1974. Read on for a visual tour of the zone that's effectively been frozen in time. Loading Something is loading. For the past five decades, Cyprus has remained divided between the southern Republic of Cyprus and the Turkish Republic of Northern Cyprus, which has only been recognized by Turkey. Ranging from 11 feet at its narrowest to 4.6 miles at its widest, the zone was hastily evacuated during the Turkish invasion of Cyprus.

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