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[1/5] A new building for earthquake survivors is under construction in Diyarbakir, Turkey August 26, 2023. With work underway on a fraction of the planned new buildings in the devastated city of Adiyaman, Kaplan fears a long wait together with his disabled wife and other survivors. One senior government official with direct knowledge of the reconstruction plan said the target could be missed, citing insufficient fresh funding to hold new tenders amid rising costs. They both said the effort had taken a blow when fewer companies bid for the reconstruction tenders after a post-election economic policy U-turn in June sent the currency plunging. "Our budget resources have been prepared for this huge, comprehensive project and can be updated when necessary," Erdogan's office said.

Persons: Stringer, Ismet Kaplan, Tayyip Erdogan, Erdogan, Kaplan, Bayir, Adiyaman, Turkey's, Mehmet Ozhaseki, Arvid Tuerkner, Mert Arslanalp, Erdogan's, Arslanalp, Mehmet Simsek, Simsek, Tahir Tellioglu, Tellioglu, Umit, Ezgi Erkoyun, Nevzat Devranoglu, Jonathan Spicer, Frank Jack Daniel Our Organizations: REUTERS, Rights, Reuters, Union of Chambers of Turkish Engineers and Architects, Coordination Council, European Bank for Reconstruction, Erdogan's AK, Istanbul's Bogazici University, TAG, Construction, Thomson Locations: Diyarbakir, Turkey, Rights ISTANBUL, Adiyaman, Netherlands, Belgium, Syria, Hatay, Malatya, Gaziantep, Istanbul, Ankara

☆ Who is Hafize Gaye Erkan, Turkey's first female central bank chief?
▼ + stars: | 2023-06-09 | by ( Karin Strohecker | ) www.reuters.com time to read: +2 min

LONDON, June 9 (Reuters) - Turkey's new central bank governor Hafize Gaye Erkan faces the tough task of alleviating a bruising cost-of-living crisis while hoping to restore investor confidence at home and abroad after years of unorthodox policymaking. Appointed on Friday, the 43-year old is the first woman at the helm of the country's central bank, taking over from Sahap Kavcioglu, who spearheaded President Tayyip Erdogan's rate-cutting drive against a backdrop of soaring inflation. Her new role makes her one of only around a dozen women currently serving as central bank governors around the world, including the likes of ECB President Christine Lagarde, Russian Central Bank Governor Elvira Nabiullina and Serbia's Jorgovanka Tabakovic. Having spent all of her professional life outside Turkey, Erkan has no formal central banking experience, making her leanings for monetary policy unclear. Kathryn Wylde, president and CEO of Partnership for New York City, a nonprofit organization where Erkan once served as a board director, says Erkan was seen as "tough, smart, and effective."

Persons: Hafize Gaye Erkan, Sahap Kavcioglu, Tayyip Erdogan's, Christine Lagarde, Russian Central Bank Governor Elvira Nabiullina, Erkan, Goldman Sachs, Mark Carney, Mario Draghi, William Dudley, Goldman, Marsh McLennan, Kathryn Wylde, Wylde, Karin Strohecker, Jonathan Spicer, Hugh Lawson Organizations: Russian Central Bank Governor, Bogazici University, Harvard Business School's, Management, Research, Financial Engineering, Princeton University, Bank of Canada, Bank of England, New York Fed, First Republic Bank, Banking, Finance, New, Thomson Locations: Sahap, Istanbul, Turkey, New York City

☆ First Republic's former co-CEO could be Turkey's next central bank chief
▼ + stars: | 2023-06-06 | by ( Jeffrey Cane | ) www.businessinsider.com time to read: +3 min

A former co-CEO of First Republic is said to be in line to be Turkey's next central bank chief. Turkey's central bank is expected to return to more orthodox policies. That's not stopping the Turkish government, which is considering Hafize Gaye Erkan, a former co-CEO of First Republic, to be the next governor of its central bank, according to reports. The bank would ultimately name the chief financial officer, Michael Roffler, to be CEO. Turkey's central bank has been a punching bag for Erdogan, who has forced out its leaders and pressured the bank to slash interest rates even in the face of surging inflation.

Persons: Hafize Gaye Erkan, Goldman Sachs, Recip Tayyip Erdogan, Erkan, Jim Herbert, Herbert, Graystone, Michael Roffler, Erdogan, Mehmet Şimşek Organizations: First, Morning, Princeton, JPMorgan Chase, Erkan, Reuters, First Republic, Financial Times, Bogazici University Locations: First Republic, Turkey's, Turkey, Republic

☆ Thousands of Buildings Collapsed in One Turkish City. Thousands More May Have to Come Down.
▼ + stars: | 2023-03-13 | by ( Leanne Abraham | Lauren Leatherand Scott Reinhard | ) www.nytimes.com time to read: +8 min

Four of the complex’s five buildings collapsed. About 3,100 buildings collapsed in Antakya, trapping residents and killing more than 20,000 people in the city, Lutfu Savas, the metropolitan mayor, said on Feb. 19. Shake intensity Moderate Severe TURKEY 7.8-magnitude earthquake Antakya TURKEY mediterranean SEA SYRIA Area of detail SYRIA TURKEY Area of detail SYRIA TURKEY 7.8-magnitude earthquake Antakya SYRIA Source: USGS Shake intensity shown only for the first Feb. 6 earthquake. Shops’ higher ceilings and wider windows often come at the expense of structural support against earthquake damage. Two of the complex’s five buildings collapsed, trapping residents inside.

[1/4] Survivors rest while a woman reacts at a hospital in the aftermath of an earthquake, in Kahramanmaras, Turkey February 10, 2023. REUTERS/Suhaib Salem 1 2 3 4Authorities say some 6,500 buildings in Turkey collapsed and countless more were damaged. The U.S. Agency for International Development will provide $85 million in urgent humanitarian assistance to Turkey and Syria. SYRIA OVERWHELMEDIn Syria, relief efforts are complicated by a conflict that has partitioned the country and wrecked its infrastructure. The Syrian government views the delivery of aid to rebel-held areas from Turkey as a violation of its sovereignty and territorial integrity.

The headscarf was once a source of deep discord in Muslim but secular Turkey, but ceased to stir controversy after reforms by the Islamist-rooted AKP during its 20 years in power. "We are ready to take other steps including a referendum," Erdogan told AKP deputies in parliament. The AKP was to hold talks with three opposition parties, including the largest Republican People's Party (CHP), broadcaster CNN Turk said. When Leader Kemal Kilicdaroglu announced the CHP's planned legislation on the headscarf in early October, Erdogan responded by saying the issue had already been resolved. Erdogan and AKP lawmakers have toughened their rhetoric against LGBT+ people in recent years, frequently labeling them "deviants" or "perverts" and raising concerns among members of the community.

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