Ezgi Erkoyun

UPDATE 2-Turkish central bank trims rates, says worst might be over

21 May 2020

ISTANBUL, May 21 Turkey's central bank cut its policy rate by 50 basis points to 8.25% as expected on Thursday, taking advantage of recent lira strength to keep supporting an economy that it said may be emerging from the worst of the coronavirus pandemic.

Turkey bans three banks from lira transactions as currency hits record low

07 May 2020

ISTANBUL Turkey blocked BNP Paribas, Citibank and UBS from making lira transactions after the currency hit a record low against the dollar on Thursday, as investors fretted about a lack of reserves to protect the economy from the coronavirus impact.

Turkey starting new phase in coronavirus battle, government says

06 May 2020

ISTANBUL Turkey said on Wednesday it has brought the coronavirus outbreak under control, two months after it first erupted across the country, and will set out new social guidelines and business practices to prevent any resurgence.

UPDATE 3-Turkish central bank chief defends crisis-era drop in reserves

30 Apr 2020

* Chief says central bank not defending lira levels (Adds U.S. ambassador comment on Fed swaps, updates reserves data)

Ramadan in quarantine: Turks fast solo after mass repatriation

29 Apr 2020

ISTANBUL As the coronavirus epidemic took hold, Duygu Yucelen - like thousands of her fellow Turks - made the decision to fly home to be with her family for Ramadan rather than spend the Muslim fasting month locked down abroad.

Turkish economy to shrink for first time in a decade this year: Reuters poll

21 Apr 2020

ISTANBUL Turkey's economy is expected to contract this year for the first time in over a decade as the coronavirus pandemic slashes output through mid-year, and it's unlikely to grow again until 2021, a Reuters poll showed on Tuesday.

Erdogan rejects Turkish minister's resignation after coronavirus lockdown criticism

13 Apr 2020

ISTANBUL President Tayyip Erdogan rejected the resignation on Sunday of Turkey's interior minister, who said he was stepping down in the wake of a short-notice coronavirus lockdown which sent people rushing to shops to stock up on supplies.

Turkish firms racing to deliver 5,000 ventilators for coronavirus patients

31 Mar 2020

ISTANBUL Turkish defence and electronics firms are teaming up to produce 5,000 ventilators to help treat coronavirus patients, the head of a military drone manufacturer said on Tuesday.

Erdogan says Turkey will overcome coronavirus in two-three weeks; school closures extended

26 Mar 2020

ANKARA/ISTANBUL Turkey will overcome the coronavirus outbreak in two to three weeks through good measures, with as little damage as possible, President Tayyip Erdogan said on Wednesday, as Ankara extended the closure of all schools until April 30.

Istanbul prosecutor indicts Saudi suspects for Khashoggi killing

25 Mar 2020

ISTANBUL Istanbul prosecutors said on Wednesday they had prepared an indictment against a close aide to Saudi Arabia's Crown Prince Mohammed bin Salman and a former deputy head of general intelligence over the killing of journalist Jamal Khashoggi.

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