Turkey

Ramkrishna Forgings share price: Ramkrishna Forgings to supply power train components to US’ largest EV producer

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Ramkrishna Forgings share price: Ramkrishna Forgings to supply power train components to US’ largest EV producer

Ramkrishna Forgings has signed an agreement to supply power train components to USA’s largest electric passenger vehicle producer, the company said in a stock exchange filing on Thursday. This deal signals the company’s debut in US’ electric vehicle market. This landmark approval signifies the company’s position into the electric passenger vehicle segment with a strong … Read more

Turkey’s inflation climbs to 68.5% despite continued rate hikes

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Turkey’s inflation climbs to 68.5% despite continued rate hikes

A money changer holds Turkish lira and U.S. dollar banknotes at a currency exchange office in Ankara, Turkey December 16, 2021. Cagla Gurdogan | Reuters Turkey’s annual inflation rose to 68.5% for the month of March, an increase on February’s 67.1% inflation read, according to the Turkish Statistical Institute’s report released Wednesday. The monthly rise … Read more

Turkey opposition stuns in local elections victory over Erdogan party

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Turkey opposition stuns in local elections victory over Erdogan party

Istanbul Municipality Mayor Ekrem İmamoğlu speaks at the 19 May Commemoration of Atatürk, Youth and Sports Day celebrations held at the Maltepe Event Area on May 19, 2023 on Istanbul, Turkey.  Hakan Akgun | Getty Images Turkey’s opposition won a stunning victory across several major cities in the country’s local elections Sunday, dealing a severe … Read more

Turkey’s local elections — and whoever wins Istanbul — could dictate future

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Turkey’s local elections — and whoever wins Istanbul — could dictate future

As the sunsets, a ferry boat glides across the waters of the Golden Horn with the Suleymaniye Mosque and the city of Istanbul, Turkey in the background.  Vw Pics | Universal Images Group | Getty Images Turkish President Recep Tayyip Erdogan once said that whoever wins Istanbul wins Turkey. If that’s the case, the stakes … Read more

Turkey central bank raises interest rate to 50%

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Turkey central bank raises interest rate to 50%

A picture taken on August 14, 2018 shows the logo of Turkey’s Central Bank at the entrance of its headquarters in Ankara, Turkey. ADEM ALTAN | AFP | Getty Images Turkey’s central bank on Thursday raised its key interest rate, the one-week repo rate, from 45% to 50%, citing the continuing need to counter climbing … Read more

Turkey opts for new tightening strategy after signaling pause to hikes

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Turkey opts for new tightening strategy after signaling pause to hikes

A picture taken on August 14, 2018 shows the logo of Turkey’s Central Bank at the entrance of its headquarters in Ankara, Turkey. ADEM ALTAN | AFP | Getty Images Turkey’s central bank is opting for a different monetary tightening method as it grapples with climbing inflation, after previously signaling that its rate-hiking cycle was … Read more

Turkish President Erdogan Says March Elections Will Be His Last

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Turkish President Erdogan Says March Elections Will Be His Last

The 70-year-old leader expressed confidence that his party would remain in power Istanbul: Turkey’s President Recep Tayyip Erdogan on Friday said that the country’s March local elections would be his last, suggesting an end to his more than two decades in power. It was the first time that Erdogan, who has been in power since … Read more

Turkey is back in from the cold with NATO and F-16 moves

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Turkey is back in from the cold with NATO and F-16 moves

President of Turkey Recep Erdogan addresses journalists during the final national press conference during the high level NATO summit in Litexpo Conference Centre in Vilnius, Lithuania on July 12, 2023. Dominika Zarzycka | Nurphoto | Getty Images Turkey spent nearly two years — along with Hungary — holding up Sweden’s accession to NATO. It’s bought … Read more

Turkey’s new central bank governor seen as a ‘credible choice’

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Turkey’s new central bank governor seen as a ‘credible choice’

Newly appointed Governor of Turkish Central Bank, Fatih Karahan is seen in Ankara, Turkey on February 04, 2024.  Emin Sansar | Anadolu | Getty Images Turkey’s newly appointed central bank governor Fatih Karahan has his work cut out for him, named to the job by presidential decree over the weekend after the sudden resignation of … Read more

Sweden’s NATO membership ratified by Turkey, leaving Hungary as lone holdout – National

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Sweden’s NATO membership ratified by Turkey, leaving Hungary as lone holdout – National

Turkey finalized the ratification of Sweden’s membership in NATO on Thursday, bringing the previously nonaligned Nordic country a step closer to joining the military alliance. Hungary now remains the only NATO ally not to have ratified Sweden’s accession. Swedish Prime Minister Ulf Kristersson welcomed Turkey’s move, saying on X, formerly known as Twitter: “With this, … Read more