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.
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.
* To open China office next year, others later -Sonmez
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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
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.
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.
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.
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.
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.
* Current account deficit set to hit 3.5% of GDP
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