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Ismail Demir was designated after Ankara acquired missile systems from the Kremlin.
The West watches on as Erdogan scorns sanctions on the Kremlin. If the law of the trade-off holds, don’t expect any action.
Statement may reinforce worries Ankara remains too close to Moscow despite Nato membership and Kyiv’s need for stepped-up weapons deliveries.
The lack of adequate road infrastructure, as well as road maintenance, has been a persistent impediment to growth in the Western Balkans, but infrastructure bottlenecks are now being addressed.
Istanbul’s mobile games developer Dream Games raises $255mn in Series C funding round, which valued enterprise at $2.75bn. Largest asset manager in the world joined the investors.
Turkish rebar producer Izmir Demir Celik Sanayi (IDC) said it has signed a project financing loan agreement with Industrial Development Bank of Turkey that will enable it to double the capacity of is ...
Turkish leader did not get to meet Joe Biden, but he is about to meet Vladimir Putin.
State hospitals said to owe firms hundreds of millions of dollars. Company bosses warn they are losing financial ability to sustain supply chain.
Washington’s ban on Ankara acquiring F-35s is a major headache and armed drones are no substitute for manned fighter jets, says EDAM analyst.
Ankara, meanwhile, still struggling to address consequences of Washington’s ban on it acquiring the F-35 stealth fighter jet.
Muted market reaction as US penalises Nato ally. Analysts sense action will give Turkish president Erdogan chance to respond positively to Joe Biden move to reset relations with Ankara, avoiding need for hardball measures.
Cem Okullu said to have quickly earned TRY134mn from TSKB moves and TRY20mn from Petkim trades.
Turkey’s own COVID-19 troubles are, meanwhile, intensifying. Data from opposition-controlled major cities showing alarming infection rates make a mockery of the official picture of how the country is faring in the pandemic.
Other developments include Baku threat to Armenian nuclear power station, Turkey pledging clear backing for “brother” Azeris and Russian military exercises.
No-one wants to rain on the parade, but it would be folly to ignore the “debt volcano” and a competition probe into Turkish banks launched by officials of an administration that “needs some cash”.
Rolls-Royce scaled back efforts to join programme after disagreements. Talks now described as revived. Development comes as US set to confirm ban on F-35 deliveries to Ankara in S-400 row.
Sharp fall in CPI driven by post-currency crisis base effects offers scope for more rate cuts, but analysts worry central bank will be too aggressive as Erdogan administration pushes for a big credit-fuelled rebound from recession.