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United States

Orhan Coskun

Former Erdogan ally resigns from AK Party, hints at rival party

Jul 08 2019

ANKARA Former Turkish deputy prime minister Ali Babacan said on Monday he was resigning from President Tayyip Erdogan's AK Party over "deep differences" with the party's direction and said that Turkey needed a new vision.

Erdogan says Turkish cenbank chief ousted for refusing rate cuts: report

Jul 07 2019

ANKARA Turkish President Tayyip Erdogan sacked the central bank governor for refusing the government's repeated demands for rate cuts, Hurriyet newspaper on Sunday quoted Erdogan as telling a meeting with his party's lawmakers.

Turkey's Erdogan fires central bank chief as policy rifts deepen

Jul 06 2019

ANKARA Turkish President Tayyip Erdogan sacked the governor of the central bank on Saturday as differences between them deepened over the timing of interest rate cuts to revive the recession-hit economy.

UPDATE 1-Turkey to double forex sales tax on individuals to 0.2% -sources

Jul 03 2019

ANKARA, July 3 Turkey plans to double a tax on people buying foreign exchange to 0.2%, in a move meant to curb a trend of Turks snapping up dollars and euros, according to two people familiar with the proposal.

Turkey to double forex sales tax on individuals to 0.2% -sources

Jul 03 2019

ANKARA, July 3 Turkey plans to hike its bank and insurance transaction tax rates to 0.2% from 0.1% for individuals' foreign exchange purchases, in a move meant to curb a trend of Turks snapping up dollars and euros, according to two people familiar with the plan.

Turkey to delay planned tax hikes for high earners, luxury homes - sources

Jul 02 2019

ANKARA Turkey's government has decided to postpone until October planned tax rises for high earners and ultra-luxury housing sales because parliament is about to go on summer recess, two sources familiar with the matter told Reuters.

Turkey to delay planned tax hikes for high earners, luxury homes -sources

Jul 02 2019

ANKARA, July 2 Turkey's government has decided to postpone until October planned tax rises for high earners and ultra-luxury housing sales because parliament is about to go on summer recess, two sources familiar with the matter told Reuters.

Former allies of Turkey's Erdogan plan rival party after Istanbul defeat

Jun 27 2019

ANKARA Two senior figures in Turkish President’s Tayyip Erdogan's ruling party are planning to launch a rival political group this year, people familiar with the matter said, a move that could further erode support for the country’s long-time leader on the heels of a stinging electoral defeat in Istanbul.

Turkey revives plan to tap 46 billion lira in central bank legal reserves: sources

Jun 27 2019

ANKARA Turkey's government is reviving plans to transfer the central bank's 46 billion lira ($8 billion) in legal reserves to its deteriorating budget to shore it up and is also considering adjusting some tax measures as it battles recession, sources said.

New Istanbul mayor's star power could be a challenge for Erdogan

Jun 25 2019

ANKARA/ISTANBUL Istanbul's new mayor now shoulders the expectations of Turkey's long-subdued opposition after he emerged from obscurity to deal President Tayyip Erdogan the biggest election blow of his career.

World News