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Jonathan Spicer

Analysis: Biden risk looms for Turkey's Erdogan and beleaguered lira

21 Oct 2020

ISTANBUL Turkey stands to lose more than most other countries if Joe Biden is elected president since he is expected to toughen the U.S. stance against President Tayyip Erdogan's foreign military interventions and closer cooperation with Russia.

CEO sets Turkey's wealth fund on foreign growth path

08 Oct 2020

ISTANBUL Turkey's sovereign investment company aims to generate some $10 billion in funds annually in coming years, initially for investment in domestic petrochemical, mining and insurance industries before looking abroad, its CEO Zafer Sonmez told Reuters.

UPDATE 1-CEO sets Turkey's wealth fund on foreign growth path

08 Oct 2020

* To open China office next year, others later -Sonmez (Adds comments on foreign direct investment, Turkcell, petrochem decision)

Turkey's wealth fund focused on petrochemicals, mining, CEO says

08 Oct 2020

ISTANBUL, Oct 8 Turkey's $240-billion sovereign investment company is focused on domestic petrochemical, mining and insurance investments to bolster the economy in the next few years before turning its attention abroad, its CEO Zafer Sonmez told Reuters.

In Nagorno-Karabakh conflict, Erdogan eyes Turkey's "place in world order"

07 Oct 2020

ANKARA President Tayyip Erdogan's strong backing for Azerbaijan in the conflict over Nagorno-Karabakh has set Turkey apart from other big nations and alarmed NATO allies that are demanding a ceasefire.

Turkish official sees Ankara unswayed over EU sanctions on Eastern Mediterranean

02 Oct 2020

ISTANBUL Turkey would be even more determined to protect its territorial rights in the Eastern Mediterranean if the European Union ultimately decides to impose sanctions on it over offshore oil and gas exploration, a Turkish Foreign Ministry official said.

Turkish official says Ankara would not be swayed by EU sanctions over Eastern Mediterranean

02 Oct 2020

ISTANBUL, Oct 2 Turkey would be even more determined to protect its territorial rights in the Eastern Mediterranean if the European Union decides on Friday to impose sanctions on it over offshore exploration, a senior Turkish Foreign Ministry official said.

EBRD sees no more rate hikes in Turkey as economy shrinks 3.5%

01 Oct 2020

ISTANBUL, Oct 1 The European Bank for Reconstruction and Development expects Turkey's economy to contract by 3.5% this year before rebounding strongly in 2021, and it does not expect last week's surprise interest rate hike to set off a policy tightening cycle.

Turkey sees slight growth this year despite pandemic

29 Sep 2020

ISTANBUL Turkey's economy is set to grow 0.3% this year as it recovers from the impact of the coronavirus pandemic, its finance minister said on Tuesday, pledging more normalisation steps to boost the economy as he set out the country's medium-term plan.

UPDATE 2-Turkey sees slight growth this year despite pandemic

29 Sep 2020

* Current account deficit set to hit 3.5% of GDP (Adds quotes, details, background)

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