Page 17 - Turkey

Turkey's inflation hits 54%, deepening cost-of-living woes

Turkey's annual inflation rate further accelerated in February, official data showed Thursday, marking the biggest jump since 2002 and deepening the squeeze on households

Turkey moves to restrict entrance to Black Sea amid Russia-Ukraine war

The 1936 Montreux Convention gives Turkey the right to bar warships from using the Dardanelles and the Bosporus during wartime.

Pakistan, Turkey collaborate to develop 5th generation fighter jet: Report

Close allies, Pakistan and Turkey are collaborating on the development of a fifth generation fighter jet, a media report said on Wednesday. Temel Kotil, President and Chief Executive Officer (CEO) at Turkish Aerospace Industries (TAI) told Aaj News channel that Turkey and Pakistan were collaborating on the project. Air Vice-Marshal Dr Rizwan Riaz, Pro-Rector Research, Innovation & Commercialisation (RIC) at National University of Science and Technology (NUST) confirmed that the two countries were building a fighter jet called the TF-X, the Business Recorder, a Pakistani financial daily newspaper reported. This is a fifth-generation fighter aircraft for which Pakistan and Turkey are now collaborating, Riaz said, adding the NUST has previously conducted similar projects in collaboration with the Pakistan Aeronautical Complex and Pakistan Air Force. The officials did not further divulge any more details on the fighter jet and its development. TF-X, a stealth twin-engine all-weather .

Pak denies ISI chief meeting Afghan leaders in Turkey, calls it 'fake news'

This comes as officials of the Taliban have urged Afghan politicians in exile to 'return to the country and live peacefully'

Turkey issues travel warning for Ukraine amid escalating tensions

Turkey recently has stepped up for acting as a mediator between Ukraine and Russia to sustain peace in the region.

Turkey lowers taxes on basic foods in an attempt to fight high inflation

Erdogan said, in addition to the tax discount, the government expects food companies to lower their prices by 7%

Negotiations with Taliban planned in Norway, Turkey soon: Reports

Taliban took control of Kabul last year in mid-August.

Turkey's President Erdogan tests positive for Covid-19, symptoms mild

'We will continue our work at home. We look forward to your prayers,' tweets Erdogan

Inflation in Turkey hits record 48.7% following interest rate cuts

Consumer price inflation surged for an eighth straight month to reach an annual 48.7%, the highest since April 2002 and up sharply from 36.1% in December

Turkish warplanes hit Kurdish militant targets in Iraq, Syria,: Ministry

All the planes taking part in the operation, which it said targeted the areas of Derik, Sincar and Karacak, subsequently returned to their bases

Erdogan says interest rates will be lowered and inflation will fall too

Turkey saw December inflation soar to its highest level in Erdogan's 19-year rule

Largest-ever power cuts hit Turkey's industrial production: Report

The government has imposed three days of power outages a week in the country's hundreds of organised industrial zones

Key Iraq oil pipeline resumes operation following explosion in Turkey

A pipeline that carries oil from Iraq to world markets resumed operating Wednesday after an explosion in southeastern Turkey forced it to shut down for several hours.

Explosion in Turkey shuts down key pipeline carrying oil from Iraq

An explosion has shut down a pipeline in southeastern Turkey that carries oil from Iraq to world markets, officials and news reports said.

Oil rises to 7-year high as Turkey outage adds to tight supply outlook

Oil prices rose for a fourth day to a seven-year high as an outage on a pipeline from Iraq to Turkey increased concerns about an already tight supply outlook

Turkey's Erdogan pledges to reduce inflation to single-digit level

Erdogan said they will increase salaries for civil servants by 30.5 per cent and they will ensure an inflation level-based increase in the pensions of the retired citizens

Inflation in Turkey surges 36% in December amid Lira crisis

Annual CPI rose to a 19-year high in December due to President Erdogan's push for cheaper borrowing

Turkey's inflation hits a 19-year high of 36% as purchasing power erodes

The yearly inflation rate was the highest since September 2002

Turkey rolls out local Covid-19 vaccine amid surge in Omicron cases

Turkey has started to roll out its first locally developed Covid-19 vaccine Turkovac, while the Omicron variant becomes widespread across the country.

Turkey, Qatar enters into deal with Taliban on running airport of Kabul

Turkey and Qatar have entered into an agreement with the Taliban on the management over the international airport of Kabul and four other airports in Afghanistan