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Turkish lira teeters near record low as Erdogan secures victory
  + stars: | 2023-05-29 | by ( ) www.reuters.com   time to read: +3 min
[1/2] A U.S. one dollar banknote is seen next to Turkish lira banknotes in this illustration taken in Istanbul, Turkey November 23, 2021. REUTERS/Murad Sezer/IllustrationLONDON, May 29 (Reuters) - Turkey's lira wobbled near record lows against the dollar as President Tayyip Erdogan secured victory in the country's presidential election on Sunday, extending his increasingly authoritarian rule into a third decade. The currency was at 20.05 to the dollar during Asian hours, just shy of the 20.06 record low hit on Friday. "Only the most optimistic would hope that Erdogan now feels sufficiently secure politically to revert to orthodox economic policy." "Erdogan is unlikely to embrace an outright economic orthodox approach," Wolfango Piccoli, co-president at advisory firm Teneo said in emailed comments.
It reinforced Erdogan's image of invincibility in the deeply divided NATO-member country, whose foreign, economic and security policy he has redrawn. Pro-government newspapers, part of an overwhelmingly pro-Erdogan media landscape that buoyed his election campaign in the nation of 85 million people, cheered his victory. Erdogan said inflation, which hit a 24-year peak of 85% last year before easing, is Turkey's most urgent issue. Turkey's main pro-Kurdish party, parliament's third largest, was among the opposition parties opposed to Erdogan and is accused of links to Kurdish militants, which it denies. Erdogan, head of the Islamist-rooted AK Party, appealed to voters with nationalist and conservative rhetoric in a divisive campaign that deflected attention from Turkey's economic problems.
Turkish lira slips as Erdogan claims victory
  + stars: | 2023-05-28 | by ( ) www.reuters.com   time to read: +1 min
[1/2] A U.S. one dollar banknote is seen next to Turkish lira banknotes in this illustration taken in Istanbul, Turkey November 23, 2021. REUTERS/Murad Sezer/IllustrationLONDON, May 28 (Reuters) - Turkey's lira slipped towards a fresh record low against the dollar as President Tayyip Erdogan claimed victory in the country's presidential election on Sunday, a win that would steer his increasingly authoritarian rule into a third decade. The currency opened at 20.05 to the dollar as the new trading week got underway, not far off the 20.06 record low hit on Friday. Trading is expected to be thin on Monday, with many markets in Europe, as well as the United States closed for holidays. Reporting by Karin Strohecker and Ezgi Erkoyun, editing by Alexander Smith and Sharon SingletonOur Standards: The Thomson Reuters Trust Principles.
ANKARA, May 28 (Reuters) - Turkey's opposition presidential candidate Kemal Kilicdaroglu said he will continue to lead his struggle, after early results showed him losing in what he said was "the most unfair election in years" against incumbent Tayyip Erdogan. Speaking in Ankara, Kilicdaroglu, who got some 47.9% of votes in Sunday's runoff election, said the results showed people's will to change an authoritarian government. He is saddened by the "troubles" awaiting Turkey, he said. Reporting by Huseyin Hayatsever and Ezgi Erkoyun; Writing by Ali Kucukgocmen; Editing by Jonathan SpicerOur Standards: The Thomson Reuters Trust Principles.
[1/6] Turkish President Tayyip Erdogan attends a rally, ahead of the May 28 presidential runoff vote, in Istanbul, Turkey May 27, 2023. The two candidates are aiming to attract some 8 million voters who did not go to the polls in the first round. Erdogan got a boost earlier this week when Sinan Ogan - a nationalist politician who came third with 5.2% - endorsed him. Kilicdaroglu, who is chair of Turkey's biggest opposition party, the CHP, meanwhile secured the endorsement of the anti-immigrant Victory Party for the runoff. Polls will open at 8 a.m. (0500 GMT) and close at 5 p.m. (1400 GMT) for more than 60 million voters.
Erdogan got 49.5% in Sunday's vote and fell just short of the majority needed to avoid a runoff in a vote seen as a referendum on his autocratic rule. But many of his supporters, including first-time voter Asim, were gloomy about Kilicdaroglu's chances in the runoff vote. The election is being closely followed in Washington, Europe and across the region, where Erdogan has asserted Turkish power. Opinion polls had shown Erdogan trailing Kilicdaroglu, but Sunday's outcome suggested he and his Islamist-rooted AKP were able to rally conservative voters despite Turkey's economic woes. Kilicdaroglu and his alliance want to restore a parliamentary system of government and scrap the powerful executive presidency introduced by Erdogan.
ISTANBUL, May 16 (Reuters) - Twitter said it had filed objections to Turkish court orders requesting a ban on access to some accounts and tweets on the platform, after keeping its service available during an election weekend despite warnings from authorities in Ankara. The court orders, which were shared by Twitter, requested the access bans on the grounds that they posed a threat to public order and national security. "So in order to keep Twitter available over the election weekend, we took action on four accounts and 409 Tweets identified by court order." Twitter said five court orders had been issued against it regarding these actions and it had already objected to four of them. Social media companies are required to appoint Turkish representatives and they face bandwidth being throttled by up to 90% immediately after a court order should the representative fail to provide information to the authorities.
[1/6] Mehmet Ali Fakioglu arrives by bus from Istanbul to Hatay to vote during Turkish presidential and parliamentary elections, in Hatay, Turkey May 14, 2023. But as he prepared to cast his ballot, he voiced criticism of the state's slow response to the disaster in which more than 50,000 people were killed. We were forgotten, all of us, on that day, the second day even on the third day. Critics and earthquake survivors have accused Erdogan's government of both a slow response and lax enforcement of building rules - failures they said cost lives. He said around 1.5 million people had left the quake zone, only a portion of whom had registered new addresses for the purpose of voting.
ISTANBUL/ANTAKYA, Turkey, May 14 (Reuters) - Here are some views from Turkish citizens as their country voted on Sunday in elections that could extend President Tayyip Erdogan's rule into a third decade or see a transfer of power to his main rival Kemal Kilicdaroglu. I don't think it will go to a runoff," said school staff member Hasibe, 40, in the school where Erdogan voted on the Asian side of the city. I chose democracy and I hope that my country chooses democracy. "Of course, there are good things (Erdogan) did, but lately, they started to look down on and insult the nation. As you can see, even in elections, votes are being cast in ballot boxes outside," said school teacher Behzat Oz.
Efe is one of more than 6 million first-time voters expected to cast ballots in the May 14 election. 'ANGRY AND HOPELESS'Erdogan's share of the vote among young and first-time voters is forecast to be lower than among other age groups, said Erman Bakirci from pollster Konda Arastirma. Describing young voters as a "very angry and hopeless" segment of Turkey's 85 million people, Bakirci said they would be crucial to the result because they are such a large block. "They see via internet and social media what their peers in Europe are doing and what opportunities they have," Bakirci said. Erdogan, who oversaw an economic boom in his first several years in power, has traditionally drawn support from Turkey's conservative voters in Turkey's Anatolian Islamic heartlands.
ANKARA, May 5 (Reuters) - A Ukrainian delegate punched a Russian delegate in the face during a gathering of Black Sea nations in the Turkish capital on Thursday, after his Ukrainian flag was snatched away to stop him photobombing a video interview with Russia's lead delegate. Olesandr Marikovski posted a video of himself thumping the Russian and retrieving the blue and yellow flag on his Facebook page. The incident took place in a hallway of the parliament building, where the Organisation of the Black Sea Economic Cooperation (BSEC) assembly was being held. Pictures of the disturbance were posted by the Turkish parliament on its website, and Mustafa Sentop, the parliament's head, issued a stiff rebuke. While representatives from the 13 countries in the BSEC met on Thursday, Russian drones continued to attack the Ukrainian capital Kyiv.
ISTANBUL, April 30 (Reuters) - Turkish President Tayyip Erdogan said on Sunday that Turkish intelligence forces killed Islamic State leader Abu Hussein al-Qurashi in Syria. "This individual was neutralized as part of an operation by the Turkish national intelligence organization in Syria yesterday," Erdogan said in an interview with TRT Turk broadcaster. The area was later encircled by security forces to prevent anyone from approaching the area. IS selected al-Qurashi as its leader in November 2022 after the previous IS leader was killed in an operation in southern Syria. But IS lost its grip on the territory after campaigns by U.S.-backed forces in Syria and Iraq, as well as Syrian forces backed by Iran, Russia and various paramilitaries.
Ship traffic to resume in Bosphorus Strait after suspension
  + stars: | 2023-04-30 | by ( ) www.reuters.com   time to read: 1 min
ISTANBUL, April 30 (Reuters) - Ship traffic in Turkey's Bosphorus Strait is set to resume for southbound vessels as of 1840 GMT on Sunday, after a suspension due to an engine failure on one ship, the Tribeca shipping agency said. According to a report shared by the agency earlier on Sunday, the Turkish-flagged ship Ilyas Konan had an engine failure during its passage through the strait and dropped anchor. Reporting by Ezgi Erkoyun; Editing by Alex RichardsonOur Standards: The Thomson Reuters Trust Principles.
ISTANBUL, April 20 (Reuters) - Turkey's fast delivery company Getir denied on Thursday reports of a deal that values it at $6.5 billion, roughly half of its valuation last year, adding that it is always in talks with investors for new funding. "Recent rumors claiming that Getir has as of now raised $500 million at a valuation of $6.5 billion is incorrect," the company said in a statement. News website Insider reported on Wednesday that Getir raised $300 million from Abu Dhabi state fund Mubadala, citing industry sources. The deal would cut the company's valuation almost in half. In March last year, Getir closed a $768 million funding round led by Mubadala that valued the company at around $12 billion.
Foreign investors have held talks with the government and opposition parties and public and private sector companies, one senior government official said. Erdogan has said former economic tsar Mehmet Simsek, well respected by international investors, was coordinating work on economic policies. While the UAE and Saudi Arabia were eyeing energy investments, Western investors were looking more at fintech and digital, he said. An Ankara consultancy company executive said expectations of economic policy changes were paving the way for investment. "In any case, the expectation is that Turkey will turn to more predictable and orthodox economic policies."
"We also agree that the obstacles to the export of Russian grain and fertiliser should be removed. Issues need to be addressed for the grain deal to be extended further," he said. Lavrov said the two top diplomats discussed the grain deal, a potential gas hub in Turkey, the conflict in Syria, and Ukraine. While Russian food and fertiliser exports are not under sweeping Western sanctions, Moscow says restrictions on payments, logistics and insurance industries are a barrier. Lavrov said that Russian grain and fertiliser exports were affected by a lack of access to insurance and to the SWIFT financial messaging system.
"The fundamental consequence of Ince's (candidacy) is sending the elections to a second round," Panoramatr research director Osman Sert told Reuters. "But even if there is such a meltdown it would not prevent the election going to a second round," Sert said. POLITICAL STABILITYIf no presidential candidate gets more than 50% in the May 14 vote, the top two would compete in a second round two weeks later. Data from closely-watched pollster Metropoll showed Ince and undecided voters would determine the presidential vote, its head Ozer Sencar said. Among voters opposed to Erdogan, some voice dissatisfaction with the diverse main opposition alliance, partly as it includes parties led by former Erdogan allies and an Islamist party.
The Turkish parliament was the last among the 30 members of the alliance to ratify Finland's membership after Hungary's legislature approved a similar bill earlier this week. Finland and Sweden asked to join NATO last year in response to Russia's invasion of Ukraine. "NATO membership will strengthen Finland's security and improve stability and security in the Baltic Sea region and Northern Europe," the Finnish government said in a statement following the Turkish parliament vote. Twe Turkish parliament's ratification of Finland's NATO membership is set to be approved by President Tayyip Erdogan and then published in the country's Official Gazette. When Finland's instrument of accession document reaches the U.S. State Department, the Nordic country will formally become a NATO member.
"It is not clear whether some citizens are alive or dead in the earthquake zone. Erdogan's AK Party has said it is committed to a free and fair election that respects the will of the people. BALLOT BOX SECURITYOpposition parties and non-governmental organisations say the exodus of more than 3 million people from the disaster zone poses extra concerns. While some 300,000 to 500,000 of them were thought to have changed addresses, many of those who had left the disaster zone had not, added Tiryaki. For Yigit, the earthquake and what he sees as the government's slow response to the disaster weighs on him as he decides how to vote.
STOCKHOLM/ISTANBUL, March 9 (Reuters) - Turkey has acknowledged that Sweden and Finland have taken concrete steps to meet Ankara's concerns over their bids to join NATO and the three will hold further meetings, Sweden's chief negotiator in the accession process said on Thursday. Sweden and Finland applied last year to join NATO, but faced unexpected objections from Turkey which says the two countries harbour members of the Kurdistan Workers Party (PKK), considered a terrorist group by Ankara and its Western allies. "We see that Turkey recognized that both Sweden and Finland have taken concrete steps in this agreement, which is a good sign," chief negotiator Oscar Stenstrom told a news conference at NATO headquarters after trilateral talks resumed. President Tayyip Erdogan's spokesman, Ibrahim Kalin, said steps taken by Sweden and Finland to address Ankara's security concerns were positive, but not enough for Turkey's ratification of their NATO bid. In January, Turkey suspended talks set up as part of a trilateral deal agreed in Madrid last year aimed at smoothing Finland and Sweden's accession process.
[1/5] The destroyed Habib-i Najjar Mosque is pictured in the aftermath of a deadly earthquake in Antakya, Turkey February 16, 2023. "What we learn from our elders is that Hatay witnessed seven earthquakes in its history but it was reborn from its ashes. PAINTINGS OF THE SAINTSThe bell tower lies on its side, with clothes placed on top for earthquake victims to take. Among the victims of the Feb. 6 earthquake were Saul Cenudioglu, leader of the Jewish community in Antakya, and his wife, Tuna Cenudioglu. The rabbi said he came to Antakya after the earthquakes to check on the Jewish community and take them to Istanbul.
Turkey says working to renew Black Sea grain deal
  + stars: | 2023-03-05 | by ( ) www.reuters.com   time to read: +1 min
ISTANBUL, March 5 (Reuters) - Turkish Foreign Minister Mevlut Cavusoglu said on Sunday that Ankara is working hard to extend a U.N.-backed initiative that has enabled Ukraine to export grain from ports blockaded by Russia following its invasion. The Black Sea Grain Initiative brokered by the United Nations and Turkey last July allowed grain to be exported from three Ukrainian ports. The agreement was extended in November and will expire on March 18 unless an extension is agreed. "We are working hard for the smooth implementation and further extension of the Black Sea grain deal," Cavusoglu said in a speech at the United Nations Conference on Least Developed Countries being held in Doha, Qatar. On Wednesday, Russia said it would only agree to extend the Black Sea grain deal if the interests of its own agricultural producers are taken into account.
Turkey says it is working to renew Black Sea grain deal
  + stars: | 2023-03-05 | by ( ) www.reuters.com   time to read: +2 min
The Black Sea Grain Initiative brokered by the United Nations and Turkey last July allowed grain to be exported from three Ukrainian ports. "We are working hard for the smooth implementation and further extension of the Black Sea grain deal," Cavusoglu said in a speech at the United Nations Conference on Least Developed Countries being held in Doha, Qatar. Russia has said it would only agree to extend the Black Sea grain deal if the interests of its own agricultural producers are taken into account. Cavusoglu said he also discussed efforts to discuss the extension of the deal with U.N. Secretary General Antonio Guterres. Almost 23 million tonnes of grain and other foodstuffs have been exported via the Black Sea Grain Initiative as of March 3, according to the Joint coordination Centre in Turkey which oversees implementation of the deal.
ISTANBUL, March 4 (Reuters) - A leader of Turkey's pro-Kurdish party called on the opposition to unite on Saturday, a day after a separate six-party alliance aiming to defeat President Tayyip Erdogan splintered over who should run for president in May elections. "We call on all social and political opposition to unite around the goals of democracy, justice and freedom in order to raise hope," co-leader Mithat Sancar said after an extraordinary meeting of the Peoples' Democratic Party (HDP) senior ranks. The third-biggest party with 12% support nationally, the HDP is not part of the alliance. But in 2019 its mainly Kurdish supporters helped the alliance win upset mayoral elections in Istanbul, Ankara and other cities. For years, HDP has faced a government crackdown and possible ban over alleged ties to the Kurdistan Workers Party (PKK) militant group, which it denies.
ISTANBUL, March 4 (Reuters) - Leaders of Turkey's opposition alliance were expected to meet on Saturday after one of the group's main parties quit the bloc amid disagreement over who should run for president in a national election scheduled for May. The public split on Friday followed months of simmering discord in the alliance and was seen by analysts as a blow to opposition hopes of unseating President Tayyip Erdogan. She said that at a presidential candidate selection meeting this week, five parties in the alliance proposed Kemal Kilicdaroglu, leader of the Republican People's Party (CHP), as their candidate. According to Kilicdaroglu's daily schedule, the leaders of opposition alliance will meet at 1400 GMT. However, analysts said the opposition disagreement benefited the ruling alliance of Erdogan and his nationalist ally MHP.
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