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Jul 1, 2015

Political uncertainty threatens Turkey’s economy as World Bank cuts forecasts

ISTANBUL, July 1 (Reuters) – The World Bank cut its growth
forecasts for Turkey on Wednesday as uncertainty over who will
govern exacerbated the country’s economic weaknesses and
vulnerability to global liquidity tightening.

Parliamentary elections on June 7 failed to give any party a
clear majority, plunging the lira to record lows against the
dollar. The AK Party, which lost its single-party rule for the
first time since coming to power in 2002, is now looking for a
junior partner to form a coalition government.

Jun 30, 2015

Turkey says any Syria measures not act of war but to preserve border security

ANKARA/ISTANBUL (Reuters) – A top aide of Tayyip Erdogan rejected accusations the Turkish president was ready to pitch the country’s armed forces into war in Syria and said any security measures it took would be intended only to secure its southern frontier.

Turkey’s main opposition leader said the “drums of war” were beating as part of an effort to bolster Erdogan’s authority after the AK Party lost its majority in polls. However, armed action across the border in Syria, where Kurdish militia and Islamist militants vie for control, would be disastrous.

Jun 30, 2015

Turkish opposition leader warns against intervention in Syria

ISTANBUL (Reuters) – Turkey’s main opposition party leader warned on Tuesday any military intervention in Syria would spell disaster for Turkey and in comments clearly aimed at President Tayyip Erdogan said the country could not be “a plaything for your ambition”.

Turkish newspapers have carried reports Erdogan is considering creation of a buffer zone across the border, where Kurdish militia and Islamist militants vie for control. The reports come as the AK Party he formed seeks to re-establish its authority after losing its overall majority in June 7 elections.

Jun 29, 2015

Turkey to take ‘necessary measures’ on border security: PM Davutoglu

ANKARA (Reuters) – Prime Minister Ahmet Davutoglu said Turkey was prepared for all necessary measures to tackle security threats along its borders, highlighting Ankara’s growing anxiety about conflict near its southern frontier in Syria.

He was speaking on television late on Sunday, ahead of Monday’s meeting of a National Security Council meeting, where Syria was expected to top the agenda, and as local media reported Ankara was considering military steps to counter security risks from Syria.

Jun 23, 2015

Turkey’s central bank leaves main interest rate unchanged

ISTANBUL, June 23 (Reuters) – Turkey’s central bank kept
interest rates unchanged on Tuesday, resisting government
pressure for cuts after a June 7 election left the ruling AK
Party without a majority for the first time in more than a

Investors have been hoping the AKP’s election setback this
month – the party now needs to find a junior partner to form a
coalition government – could give the central bank some
much-needed breathing space to fight inflation.

Jun 19, 2015

Turkey’s main opposition floats idea of “rotating” premiership

ISTANBUL (Reuters) – Turkey’s main secularist opposition suggested rotating the post of prime minister with a nationalist party on Friday, in an effort to win support for a coalition government excluding the ruling AK Party.

The AKP lost its parliamentary majority for the first time in a June 7 election, dealing a blow to President Tayyip Erdogan’s ambitions of amassing greater power and leaving the party he founded in need of a junior coalition partner.

Jun 10, 2015

Turkish growth beats forecast, political turmoil clouds outlook

ISTANBUL (Reuters) – Turkey’s economy grew a greater-than-expected 2.3 percent in the first quarter, data showed on Wednesday, in a speck of good news for the country as it faces the possibility of weeks of fractious talks on forming a coalition government.

President Tayyip Erdogan and members of the ruling AK Party had predicted for months the economy would get a boost after Sunday’s parliamentary elections, arguing that political certainty would help spur investment.

Jun 6, 2015

Turks to vote in election set to shape Erdogan’s legacy

ISTANBUL (Reuters) – Turks go to the polls on Sunday in the closest parliamentary election in more than a decade, one that could pave the way for President Tayyip Erdogan to amass greater power or end 12 years of single-party rule for the AK Party he founded.

A deadly bombing in the mainly Kurdish southeast on Friday has magnified attention on the pro-Kurdish opposition, which is trying to enter parliament as a party for the first time. Efforts to end a three-decade Kurdish insurgency as well as Erdogan’s political ambitions could hinge on that party’s fate.

Jun 4, 2015

Police, protesters clash near pro-Kurdish party rally in eastern Turkey

ISTANBUL (Reuters) – Turkish police fired tear gas and water cannon to disperse crowds protesting against a rally by the pro-Kurdish Peoples’ Democratic Party (HDP) in eastern Turkey on Thursday, ahead of weekend parliamentary elections.

The clashes are the latest in a series of incidents to mar campaigning in the run-up to Sunday’s highly charged vote, in which the HDP is hoping to deal a heavy blow to President Tayyip Erdogan’s hopes of a more powerful presidency by passing the 10 percent threshold required to enter parliament.

Jun 1, 2015
via FaithWorld

Islam center stage as Turkish election campaign enters final week


(Supporters of Turkey’s Prime Minister Ahmet Davutoglu pose for a selfie ahead of an election rally for Turkey’s June 7 parliamentary elections in Ankara, Turkey, May 30, 2015. REUTERS/Umit Bektas)

Evoking the Ottoman conquest of Constantinople and vowing the Muslim call to prayer would forever ring out, President Tayyip Erdogan put religion center stage on Saturday as campaigning for Turkey’s parliamentary election entered its final week.

    • About Daren

      "I am based in Istanbul where I cover a broad range of financial and general news. I joined Reuters in Ankara in 1996 and left Turkey to work in London in 2000. I returned to Istanbul in 2003."
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