Türkiye's annual inflation eased for the fourth month in a row to 55.18 percent in February. Consumer prices registered a month-on-month growth of 3.15 percent, while the producer price index eased to its lowest level in 15 months by rising 76.61 percent annually, according to the Turkish Statistical Institute. Inflation in Türkiye hit almost 85.5 percent, a 24-year high, in October last year, as Turkish President Recep Tayyip Erdogan supports low-interest rates in the hope of boosting economic growth and employment. On Feb. 23, Türkiye's central bank delivered an interest rate cut to 8.5 percent.
Türkiye in International Media
The United Arab Emirates and Türkiye signed an agreement in Abu Dhabi on Friday, which aims to increase trade between the two countries to $40 billion in the next five years, according to UAE projections. Speaking in Istanbul ahead of a press conference in Abu Dhabi, Turkish President Tayyip Erdogan, said the Comprehensive Economic Partnership Agreement (CEPA) will take economic and trade relations between the two countries to a new phase. The UAE kicked off negotiations with Türkiye on a bilateral trade deal last year after a warming in political relations following UAE President Sheikh Mohamed bin Zayed's visit...
The United Arab Emirates and Türkiye recently reached an agreement that, according to the Gulf country, may increase their bilateral trade to 40 to 45 billion dollars over the next five years. The detailed agreement, the general outlines of which were revealed last year, was signed on Friday while Minister of Trade Mehmet Muş was in Abu Dhabi. The agreement also includes an 82% decrease in customs duty charges between the two countries, according to the UAE Minister of State for Foreign Trade Thani bin Ahmed Al Zeyoudi. The official stated that the trade agreement is focused on sectors like agricultural technology,...
Teleperformance Italia is donating 12,000 euros to the people of Türkiye and Syria affected by the earthquake. The positive response of the entire Teleperformance Italia community to the in-house fundraising is demonstrated by the lead actors and employees who will donate from their next paychecks and a contribution from company management. The campaign "Türkiye/Syria Earthquake Emergency: Let's Help Them Now" was launched with UNICEF and in partnership with Teleperformance Italy Group in recent weeks and involved employees at the Fiumicino and Taranto offices.
After the disaster in which tens of thousands of people lost their lives in Türkiye and Syria, the Vienna administration expressed its condolences to the earthquake victims Due to the catastrophic earthquake in Türkiye and Syria, Vienna Municipality’s Executive City Councillor for Education, Youth, Integration and Transparency, Christoph Wiederkehr (NEOS Party), invited representatives of Turkish, Kurdish and Syrian aid initiatives to the City Hall to exchange ideas earlier this week. A respectful discussion took place with the associations and organizations present at the meeting, where they were appreciated. Great Sorrow and Solidarity Most of the people of...
The United Arab Emirates and Türkiye signed off on a pact that the Gulf state said could more than double bilateral trade volumes to between $40 billion and $45 billion within the next five years. The comprehensive deal, an outline of which was announced last year, was finalized in Abu Dhabi Friday during a visit by Turkish Trade Minister Mehmet Mus. The agreement includes slashing 82% off tariff fees between the two countries, Thani Al Zeyoudi, the UAE’s minister of state for foreign trade, said in an interview. The trade accord is focused on sectors including agritech, clean energy, logistics and...
President Recep Tayyip Erdoğan of Türkiye stated that the country is still in the process of recovering from two earthquakes that affected a large portion of the country and that elections for the presidency and parliament are scheduled for May 14. In his address to the party group meeting, Erdoğan stated, "The time has come. On May 14, this nation will take the necessary action. They will not yield to those who fire blanks." Erdoğan had previously announced that the elections would take place on May 14 to avoid interfering with seasonal migrations and university exams. After the earthquakes...
Türkiye will take a lead role in combatting climate change globally, poised to ratify the Paris Agreement on climate before the Glasgow summit in November, the country’s president said Monday. “We will have completed the ratification process (of Paris Agreement) before Climate Change Summit in Glasgow in November,” Anadolu Agency reported Recep Tayyip Erdoğan said after a nearly three-hour Cabinet meeting at the presidential complex in the capital Ankara. Erdoğan said Türkiye was among the first signatories of the Paris Agreement in 2015 but it had not initiated the ratification process of the agreement in parliament...
Türkiye does not have the capacity to shoulder a new migration burden from Afghanistan, Turkish President Recep Tayyip Erdogan told his German counterpart on Tuesday. Bilateral relations, Afghanistan and migration issues were discussed during a phone conversation between Erdogan and German President Frank-Walter Steinmeier, Türkiye's presidency said in a statement. Türkiye and Germany, as NATO allies, showed "admirable solidarity and coordination" during the evacuation process from Afghanistan, Erdogan said, underlining the need to continue the same approach in this critical period that the country is passing through. Erdogan said no one would want an experience...