Orhan Coskun

Turkey turned up heat on banks after standoff over bad loans

20 Sep 2019

ISTANBUL/ANKARA Turkey forced banks to take losses on $8 billion in bad loans this week to kick-start lending and boost its economic recovery after losing patience with them, bankers, senior government officials and industry advisers told Reuters.

INSIGHT-Turkey turned up heat on banks after standoff over bad loans

20 Sep 2019

* Regulator asked banks 'one last time' to deal with soured debt

Exclusive: Turkey's Erdogan says to discuss with Trump buying U.S. Patriot missiles

14 Sep 2019

ISTANBUL Turkish President Tayyip Erdogan said he will discuss buying U.S. Patriot missiles with President Donald Trump this month, saying his personal bond with the U.S. leader could overcome a crisis caused by Ankara buying Russian air defence systems. | Video

Turkey, Volkswagen close in on production plant deal: sources

05 Sep 2019

ISTANBUL Turkey is increasingly confident German carmaker Volkswagen will build a production plant in the country after an "extremely positive" meeting between a senior company official and President Tayyip Erdogan this week, three Turkish sources said.

Turkey ruling party seeks ejection of former PM - official

03 Sep 2019

ANKARA Turkey's ruling AK Party wants to eject former prime minister Ahmet Davutoglu and three other lawmakers, a senior official said on Monday, amid talk of a possible new breakaway movement.

Volkswagen discussing Turkish car tax as it seeks deal on plant: sources

29 Aug 2019

ANKARA/ISTANBUL German carmaker Volkswagen is holding talks with officials in Ankara over Turkey's vehicle tax regime as it seeks to conclude a 1-billion euro investment to build a production plant in Turkey, two sources said on Thursday.

Ahead of meeting, Turkey expects Russia to help rein in Syrian forces

27 Aug 2019

ANKARA President Tayyip Erdogan will seek steps from Russia's Vladimir Putin to safeguard Turkish troops in the face of an offensive by the Syrian army in the country's northwest when the two leaders meet on Tuesday, a senior Turkish official said.

Turkey readies for action as U.S. talks on Syria safe zone struggle

06 Aug 2019

ANKARA Deep differences between Turkey and the United States over the scope and command of a planned "safe zone" in northeast Syria raise the prospect of Turkish military action unless the two countries break months of deadlock in talks this week.

Turkey to begin moving central bank, Treasury units to Istanbul -sources

26 Jul 2019

ISTANBUL Turkey plans to begin transferring some units of its central bank and Treasury to Istanbul from the capital Ankara by year-end as part of a government effort to boost the city's financial clout, according to three people familiar with the plans.

Turkey's central bank governor was sacked after resisting 300 point rate cut: sources

22 Jul 2019

ANKARA President Tayyip Erdogan's abrupt decision to sack Turkey's central bank governor Murat Cetinkaya came after months in which they had not met and was precipitated when Cetinkaya rebuffed requests in June for a 300 point rate cut, three sources said.

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