Turkey, wildfire
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New wildfires have broken out on Turkey’s Mediterranean coast and the government has declared two western provinces to be disaster zones.
The ratings agency said Friday it lifted the country’s long-term foreign currency sovereign-credit ratings and local currency issuer ratings to Ba3 from B1.
After extreme heat hits many parts of southern Europe in another heatwave, conditions should improve for holidaymakers.
Turkish officials say Syria’s interim government has requested Turkey’s help to boost its defense capabilities.
Turkey reached deals with NATO allies Britain and Germany on Wednesday that pave the way to acquiring dozens of Eurofighter Typhoon jets, which Ankara has sought to bolster defences in an increasingly volatile region.
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The Turkish central bank reduced its interest rate to 43% from 46%. The move is the first rate cut since April. Inflation in Turkey sits at 35.05% but has been steadily declining for months. Turkey's central bank on Thursday cut its key interest rate by three points points to 43%,
The central bank said it would lower its benchmark rate to 43% from 46%, restarting an easing cycle that had been disrupted by a political furor.
Sweeping south and east from chic, Aegean-set Bodrum to the beachfront Mediterranean resorts of Antalya and Alanya, Turkey’s gorgeous Turquoise Coast has something for everyone. Think secluded coves reachable only by boat,