Turkish lira

Turkish lira rate in Pakistan – June 25, 2022

Turkish lira rate in Pakistan – June 25, 2022 TRY to PKR – Today the Turkish Lira rate in Pakistan on June 25, 2022 is Rs.12:41 p.m. This is the interbank closing exchange rate of Turkish Lira to Pakistani Rupee, which is provided daily by the State Bank of Pakistan …

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Turkey introduces new rules on the use of geographic data

The law amending environmental law and other laws (“Right“) was published in the Official Gazette on June 15, 2022. The law introduces significant amendments to Law No. 7221 amending the law on geographic information systems and other laws. Recent development Within the framework of the law, the upper limit of …

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USD/TRY surges to new 2022 highs after 5:30 p.m.

USD/TRY is advancing to new highs north of 5:00 PM. The lira has depreciated by more than 30% since the start of the year. The CBRT meets later in the week to decide on rates. The Turkish lira falls to new lows against the greenback and pushes USD/TRY to new …

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Stocks follow worst week in 3 months

Emerging market stocks were expected to end Friday with their biggest weekly declines in more than three months on growing fears of a global recession as central banks around the world aggressively tighten monetary policy to combat rising oil. inflation. The MSCI index of emerging stocks fell 0.2%, down 4.6% …

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Strong demand for new bonds, says Nebati

ADANA Demand has been strong for the new national income-linked bonds, Treasury and Finance Minister Nureddin Nebati said. “We started collecting offers for the bonds on June 15 and the bookbuilding period will continue next week until June 22,” Nebati told a meeting in the southern province of Adana, reiterating …

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Economic experience or suicide? “Balık baştan kokar” (A fish rots from… | by Sagar Singh Setia | June 2022

“Balık baştan kokar” (A fish rots from the head down / Corruption begins at the top) – famous turkish proverb Source: Photo by beytlik Netflix’s historic docudrama »Rise of Empires: Ottomans » beautifully depicts the conquest of Constantinople by Mehmed the Conqueror. The The Romans ruled the “strategic” Constantinople (today’s …

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The Russian Duma will ban cryptocurrency as a means of payment

Russian lawmakers will vote on a new bill to ban cryptocurrencies and digital tokens as a means of payment in the country. According to a recent report by local media RIA Novosti, Anatoly Aksakov, chairman of the Financial Markets Committee, submitted the bill to the State Duma. If the bill …

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Turkey bets on a modern cruise center to boost tourism

A state-of-the-art Istanbul port with an underground terminal, celebrity chef restaurant and shopping center is hosting another 5,000-passenger cruise ship, bringing more money to Turkey’s struggling tourism industry. Hit hard by Covid, Turkey’s tourism sector could benefit from revenue generated at Galataport, which opened in 2021 – a year later …

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Live News: Russia cuts its policy rate for the fourth time since March

The UK’s eight largest banks have all drawn up plans that would allow them to fail “safely” without harming taxpayers or customers, but are expected to make other improvements to improve the process, the Bank said on Friday. from England. The financial year marked the first time that regulators have …

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Turkish lira weakens further after Erdogan promises further rate cuts

A money changer holds Turkish lira banknotes at a currency exchange office in Ankara, Turkey, October 12, 2021. REUTERS/Cagla Gurdogan Join now for FREE unlimited access to Reuters.com Register NEW YORK, June 7 (Reuters) – The Turkish lira fell 1.1% against the dollar on Tuesday to a record close low …

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The Bollywood Awards return to Abu Dhabi for the first time since the start of the pandemic

DUBAI: The culture of charitable giving in Saudi Arabia has been held up as an outstanding example of “strategic philanthropy” by a new report from the Center for Strategic Philanthropy at the Judge Business School at the University of Cambridge in the UK. The report, titled System Change in Philanthropy …

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Tüpraş Workers Occupy Aliağa Refinery in Turkey to Oppose Layoffs

Since Saturday, workers at Aliağa, the Izmir refinery of Turkey’s largest company, Tüpraş, have been occupying the plant to oppose management’s layoff plans. While all shifts have joined in on the action, production continues. Workers staged a mass protest outside the refinery on Monday morning. Workers at the Tüpraş refinery …

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EMERGING MARKETS-FX stable in a data-rich session; The zloty outperforms the EEC

The Polish zloty outperformed its Central European peers on Tuesday following the country’s 8.5% growth in the first quarter, while emerging market equities gained for a fifth session as Chinese stocks advanced in easing. COVID-19 restrictions in Shanghai. The rallying consumer and tech companies drove Chinese stocks higher, with …

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Turkish supermarket deserted amid rising food prices | New

The store was almost empty at noon on Thursday. A few shoppers checked the latest price tags on the shelves and then walked away with empty bags, while employees complained that sales had fallen too low as prices “went crazy”. RELATED: Turkey to launch military operation on Turkish-Syrian border Dairy …

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Avianca LifeMiles 15% transfer bonus via American Express

My dear readers, some links on this site pay us referral fees for sending business and sales. We appreciate your time and money and will not waste it. For our full advertising policy, click here. The content on this page is not provided by any of the companies mentioned and …

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Has the Fed’s preferred inflation measure continued to decline?

Has inflation slowed US consumer spending? EY-Parthenon chief economist Gregory Daco said the United States has already peaked in inflation, but the important factor for consumers will be the rate at which price growth slows and the level which she will eventually achieve. The core personal consumption expenditure price index, …

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EMERGING MARKETS – Lower rates in China boost emerging market equities; currencies rally as greenback eases

Chinese stocks firm on higher than expected cut in borrowing rates Turkish consumer conference in May rises to record high Emerging market stocks and FX eye weekly gains of 3% and 1% respectively By Anisha Sircar and Bansari Mayur Kamdar May 20 (Reuters) – Chinese stocks led emerging market stocks …

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EMERGING MARKETS – Stocks extend rally, South African rand slips as markets eye data

* April CPI in South Africa stable; retail sales at 11:00 GMT * Chinese stocks fall due to insufficient government stimulus * The Turkish lira down for the 10th consecutive session * Sri Lanka will be defaulted by rating agencies By Anisha Sircar and Bansari Mayur Kamdar May 18 (Reuters) …

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Everything you need to know about stablecoins

Cheap money transfer. People have contributed up to $1 million to USDC for as little as $1 in transfer fees.International shipping is available. Stablecoins like USDC are a fantastic alternative for sending money around the world due to their fast processing and cheap transaction fees. Because their prices are pegged …

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A solid partnership, promising economic prospects

In order to strengthen the strong and strategic brotherly relations between the State of Qatar and the Republic of Turkey, H.H. Amir Sheikh Tamim bin Hamad Al Thani started an official visit to Turkey yesterday. The two countries look forward to strengthening the strong brotherly ties and strategic relations between …

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Binance Turkey warns citizens against billboard scams

Istanbul, Turkey is awash with billboards advertising new crypto offerings from virtual asset exchanges, but Binance – the world’s largest crypto exchange by trading volume – recently discovered that some of its billboards in the city are, in fact, illegitimate and fraudulent. On Monday, Binance’s Turkish subsidiary announced that scammers …

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Turkish lira hits weakest level since mid-December

A merchant counts Turkish lira banknotes at the Grand Bazaar in Istanbul, Turkey, March 29, 2019. REUTERS/Murad Sezer Join now for FREE unlimited access to Reuters.com Register ISTANBUL, May 9 (Reuters) – The Turkish lira fell 0.3% on Monday to its weakest level since last December, when a currency crisis …

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Turkey expands scope of foreign currency payment ban

Communique No. 2008-32/34 on the protection of the value of Turkish currency was amended by Communique No. 2022-32/66 and accordingly a new prohibition was introduced on foreign currency transactions . According to the amendment, the contract price shall be paid in Turkish Lira for contracts for the sale of goods …

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Factbox: Europe’s ‘flash crash’ was the latest in a long series around the world over the past decade

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., April 28, 2022. REUTERS/Brendan McDermid Join now for FREE unlimited access to Reuters.com Register NEW YORK, May 3 (Reuters) – European stocks’ sharp drop on Monday following a misguided trade in Nordic markets is …

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Has China’s politburo thrown a lifeline into the markets?

Insight: Speculation that a midday statement from China’s Politburo signals new efforts to support the economy ahead of next week’s holiday appears to have stirred animal spirits. The unusual timing of the statement helped spark an Asia-Pacific rally that lifted most of the larger market more than 1%. The European …

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Has Turkey issued a stamp depicting PM Modi? here is the truth

A photo of a stamp bearing the likeness of Prime Minister Narendra Modi is going viral on Facebook. It is claimed that Turkey issued the stamp and called Mr Modi “the world’s greatest leader”. By Misha Rajani Published on April 30, 2022 10:52 GMT Hyderabad: A photo of a stamp …

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Turkey’s Erdogan visits Riyadh to repair fences

Turkish officials say President Recep Tayyip Erdogan is visiting Saudi Arabia as part of the latest leg of Turkey’s efforts to build bridges with regional rivals By ANDREW WILKS Associated Press April 28, 2022, 07:51 • 3 minute read Share on FacebookShare on TwitterEmail this article ISTANBUL — Turkish President …

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Inflation is not easy to correct. Most government solutions fail.

How do countries control inflation? The answer is: very badly. The misunderstanding of money that leads governments and central banks to devalue currencies too often means they are ill-equipped to put the inflation genie back in the bottle. History is littered with attempts to end monetary disasters that failed and …

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SL halves dollar redemption rule to 25% – Business News

Following a comment made during the monetary policy press conference on April 8, the Central Bank had reduced the dollar conversion and redemption rule to 25% from 50% levels, which was effective from of the fourth week of March as authorities attempted to …

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Turkey’s Cenbank raises mandatory conversion rate of foreign exchange earnings for exporters to 40%

ISTANBUL, April 15 (Reuters) – Turkey’s central bank said on Friday it had raised the share of foreign currency earnings that exporters are required to sell to the central bank from 25% to 40%, a move intended to bolster the country’s foreign exchange reserves. In January, the government asked exporters …

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South African Rand Breakout Threatens Bigger GBP/ZAR Losses

GBP/ZAR down towards December 2019 levels USD/ZAR closes on November 2021 low after US CPI Core CPI ebb is a headwind for USD/ZAR and GBP/ZAR Soothing US bonds and strengthening the relative attractiveness of the ZAR Image © SARB The South African Rand outperformed at the start of the week …

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Sky Global Exchange and Summer Internship Program 2022 (Fully Funded to Turkey)

Deadline: April 30, 2022 Applications are open for the Sky Global Summer Exchange & Internship program. The program, jointly created by Turkish Aerospace Industries and the Yunus Emre Institute, runs for five weeks between July 18, 2022 and August 19, 2022. Interns can expect to learn practical skills, networking, cultural …

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Despite hardships, Idlib residents give back during Ramadan | News on humanitarian crises

Idlib Province, Syria – Abu Munir struggles to care for his wife, three children and elderly mother in Ahl al-Tah IDP camp in northern Idlib. Ramadan is particularly painful for Abu Munir. This time of year brings back happier memories of having an iftar dinner with his family in his …

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Dr. Yaşam Ayavefe on the effects of COVID-19 on the economy

There is no doubt that the Covid-19 pandemic has changed everyday life. As we enter the third year of COVID-19, several questions remain: How many of these changes in our lives will be permanent? How will life continue once the Covid-19 pandemic is over? How will a new economy be …

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Church, museum and UNESCO heritage site, mosque – Hagia Sophia of Turkey was all this and more

New Delhi: After decades of being a museum with no religious affiliation, the iconic Hagia Sophia in Istanbul, Turkey marks its first Ramadan as a Muslim place of worship. Built during the reign of Byzantine Emperor Justinian I as a Christian cathedral, it was converted into a mosque in 1453 …

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Azerbaijan Foreign Exchange Market Weekly Review

BAKU, Azerbaijan, April 2. The official exchange rate of the Azerbaijani manat against the US dollar, set by the Central Bank of the Republic of Azerbaijan (CBAR), remained unchanged this week, reports Trend. The weighted average rate based on the results for the week was 1.7 AZN/1USD. Official AZN/USD exchange …

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A New Chapter for Turkish Merger Control | Allen & Overy LLP

Main changes to the merger control regime 1. Raised thresholds for filings in Turkey The amendments to the Merger Control Notice provide for new jurisdictional thresholds that are almost seven times higher than the current thresholds. Given the significant devaluation of the Turkish lira against major currencies in recent years, …

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British tourists arrive at Bodrum Airport after a two-year hiatus

MUĞLA Milas-Bodrum airport in the western province of Muğla welcomed a group of British tourists for the first time in two years. class=”cf”> Flights from the UK to the airport, located in the province’s Milas district and serving the popular holiday hotspot of Bodrum, were previously suspended due to the …

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How to get a Cuban COVID vaccine in 1,000 easy steps | Coronavirus pandemic

On Valentine’s Day 2022 in Havana, Cuba, I received the Soberana Plus booster, one of the island nation’s five COVID-19 vaccines. The blow had been long in coming. For the past year, I had obsessed over getting injected with a Cuban-made coronavirus vaccine. Although they obviously offered no protection against …

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Inflation outlook

VSA steady rise in inflation could haunt many economies this year, possibly leading them to downgrade their outlook for economic growth, amid concerns over rising international oil prices (supply disruptions ) and the risk that interest rates will rise faster than expected so far. According to “The Economists” and “The …

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USD/TRY seems to be slightly higher in a tight range near 14.80

USD/TRY is rising slightly around the 14.80 region. Turkey’s 10-year yields climb to record highs above 25.00%. The feeling of risk recovers lost ground. The Turkish lira remains on the defensive albeit slightly and lifts USD/TRY to the 14.85 region on Tuesday. USD/TRY remains capped at 15.00 USD/TRY advance for …

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Falls back to the immediate helpline around 2:80 p.m.

USD/TRY struggles to extend 2-day uptrend, hovers around weekly high The bears remain cautious until they see a break of the monthly support line. The bullish MACD maintains bullish momentum directed towards 15.20-22. USD/TRY breaks the two-day uptrend while paring recent gains around 14.81 early Monday morning in Europe. In …

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EMERGING MARKETS – Stocks lower after 2 days of rally, but expected to post weekly gains

Band Susan Mathew Worries over Ukraine pushed emerging market stocks and currencies lower on Friday after strong gains in the past two sessions, while the ruble rallied ahead of the more expected Russian central bank policy decision. late in the day. Japan and Australia imposed sanctions on Russia as peace …

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You must book a trip to Turkey this summer

BRITS looking to book their next holiday abroad should take a closer look at Turkey if they want to get the most bang for their buck. A recent study found that Britons would get hundreds of dollars more if they traveled to the country due to the strong British pound …

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USD/TRY targets 15.00 ahead of Russian-Ukrainian peace talks

USD/TRY resumes offers to reverse Friday’s pullback from the 3-month high. Russia and Ukraine ready for further talks after citing progress, Moscow attack slammed. US Treasury yields propel the DXY amid rising hopes of a 0.50% Fed rate hike on Wednesday. China’s covid cases bolster safe-haven demand for the US …

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Turkish lira rebounds after Putin signals progress in talks

The conflict in Ukraine fuels inflation and current accounts worry Currency 10% weaker in 2022, halving in one year Forecasts on growth, inflation, the lira are deteriorating ISTANBUL, March 11 (Reuters) – The lira rebounded from an earlier tumble to rebound 1.5% on Friday, benefiting along with other emerging market …

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Dizzying fuel hikes stoke popular grievances in Turkey

A seemingly endless stream of fuel price hikes has sparked a national outcry in Turkey, where soaring global energy prices have been amplified by the depreciation of the Turkish lira, with annual inflation already at 54.4% . Since Russia’s incursion into Ukraine on Feb. 24, Turkish consumers have struggled to …

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USD/TRY prints 7-day uptrend around 14.50 on Turkey growth fears

USD/TRY remains firmer around a 3-month high, paring intraday gains lately. Turkey and Israel are attempting diplomatic peace for the first time in more than a decade. The World Bank has raised concerns about the growth of major oil importers, including Turkey. Ukraine and Russia will meet in Ankara on …

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Frequently asked questions about residential and work leases

Introduction: This FAQ aims to provide clear answers to the main questions we have encountered lately regarding residential and covered workshop leases, with the delayed entry into force of the provisions of the Turkish Code of Obligations for Offices of July 20201. We aim to update this FAQ with new …

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Russia and World Indices – Goodbye For Now

Summary Russian assets are expelled from global indices as the war continues. Global worries about rising energy prices/inflation persist, but central banks in EMEA/LATAM and Emerging Asia are reacting differently. Russian sanctions The economic and commercial consequences of the Russian military campaign in Ukraine continue to accumulate. increasingly international companies …

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Inflation in Turkey climbs to 54%

ANKARA – Turkey’s annual inflation rate accelerated further in February, official data showed on Thursday, marking the biggest jump since 2002 and adding pressure on households already struggling to buy household goods. based. The Turkish Statistical Institute said consumer prices rose 54.44% in February from a year ago. That’s up …

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Turkey’s presence in northern Syria – Kashmir Reader

Turkey has retained a military presence in northern Syria, having launched its first border operation in 2016. It was in August 2016 when Turkey first launched Operation Euphrates Shield to combat Islamic State near the Turkish border and prevent the Syrian Democratic Forces (SDF) from advancing further west.Turkey completed the …

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Stock market news – live: Oil prices hit $105 a barrel as Wall Street plunges

Boris Johnson says Russia chose ‘path of destruction’ after Putin launched ‘military operation’ in Ukraine The price of oil hit a seven-year high of nearly $105 (£78) after Russia invaded Ukraine. Brent crude was up 6.6% at $103.21 a barrel, the highest since August 2014, while US light crude jumped …

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UN experts found that Turkish Bayraktar drones in Libya were easily destroyed

Abdullah Bozkurt/Stockholm Bayraktar armed drones made by a Turkish defense contractor performed poorly on the ground and were an easy target for ground fire, UN investigators concluded last year. According to a report submitted to the UN Security Council by the Group of Experts on Libya on March 8, 2021, …

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Turkish shipbreaking workers stop work amid wave of wildcat strikes

Shipbreaking workers on strike in Aliağa [Credit: @chdizmirsubesi Twitter] More than 1,500 workers working in shipbreaking yards in the western Turkish city of Izmir, in the Aliağa district, have been on strike since February 11, demanding wage increases and best conditions. Amid a wave of wildcat strikes this year in …

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Al-Rushood: Approximate levels of KFH profits before Covid19

Kuwait Finance House (KFH) group acting CEO Abdulwahab Essa Al-Rushood said the group’s performance increased significantly in 2021. Profits were approaching 2019 levels before the spread of the Covid19 pandemic. Net profit in 2021 increased by 64% to KD 243 million compared to 2020. Al-Rushood said the subsidiaries’ contributions to …

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Fitch downgrades Turkey’s debt amid soaring inflation

Fitch downgraded Turkey’s sovereign debt and delivered a scathing verdict on President Recep Tayyip Erdogan’s plan to tackle soaring inflation. The international rating agency pushed the long-term debt rating deeper into undesirable territory, lowering it from BB- to B+, putting the G20 country on a par with Benin, Egypt, Turkmenistan, …

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2021 REVENUES AMOUNTED TO €922.4 M

Thusday February 10, 2022 2021 TURNOVER TOTALS €922.4m Revenue up when comparing like for like Record net cash at €108.3m Confirmation of a significant drop in current operating income for 2021 AKWEL (FR0000053027, AKW, PEA eligible), an automotive and heavy goods vehicle equipment and system manufacturer specializing in fluid management …

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Turkish doctors leave the country because of inflation

Turkish doctors are leaving en masse to escape the country’s inflation. Credit: William Neuheisel, CC BY-SA 2.0 Turkish doctors are emigrating from Turkey in unprecedented numbers due to the effects of inflation on the country. While inflation has severely affected Turkey’s economy, it has also had profound effects on the …

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Currencies firm, but rising interest rate risks weigh on emerging market outlook

Feb 7 (Reuters) – Most emerging market currencies rose on Monday, taking support from a stable dollar, although a surprise jump in U.S. jobs data last week bolstered bets for a more aggressive Federal Reserve, casting a pall over the outlook for emerging assets. An index of emerging market currencies …

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BBVA stock: a Mexico-focused bank with a yield of 5.4% and 0.9 TBV

JJFarquitectos/iStock Editorial via Getty Images introduction The share price of Banco Bilbao Vizcaya Argentaria (BBVA) (hereafter simply “BBVA”) has barely moved since I published my previous article on this Spanish bank in May 2021. As there is now a greater clarity around the world on how the fallout from COVID …

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Severe drought reduces wheat harvest in Turkey

ANKARA, TURKEY – Due to a severe drought, Turkey’s wheat production in 2021-22 fell by 2 million tons, to 16.25 million tons, according to a report by the Foreign Agricultural Service of the United States Department of Agriculture. agriculture (USDA). Looking to next year, precipitation levels from October to December …

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bne IntelliNews – Turkey’s Minimum Wage Gap to Hunger Line ‘Almost Completely Disappeared’

The gap between Turkey’s minimum wage and the famine threshold has almost entirely disappeared amid the collapse of the Turkish lira and soaring inflation, according to a report compiled by the Confederation of Turkish Trade Unions (Turk- Is). The January Turk-Is Hunger and Poverty Line survey, originally reported by bianet, …

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Turkish crypto firm Bitci to open exchanges in Brazil and Spain – CEO

A representation of cryptocurrencies in this illustration taken January 24, 2022. REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Reuters.com Register ISTANBUL, Jan 31 (Reuters) – Turkish blockchain technology firm Bitci aims to open a cryptocurrency trading platform in Brazil in February as part of an international expansion where …

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Dollar set to see biggest weekly rise in 7 months on rate bets

The dollar consolidated its gains on Friday and was on course for its biggest weekly gain in seven months against other major currencies as markets priced a year ahead of aggressive U.S. interest rate hikes. Money markets have priced in a rate hike of 28.5 basis points in March and …

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Turkey’s central bank raises end-of-year inflation forecast

(MENAFN-IANS) Ankara, Jan 28 (IANS) Turkey’s central bank has raised its end-of-year inflation forecast for 2022 to 23.2% from 11.8% in its previous report. At the meeting to present the bank’s first quarterly inflation report of the year, Turkey’s central bank governor Sahap Kavcioglu highlighted rising international food prices, as …

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Infographic: Displaced Syrians face winter’s wrath | New infographics

Harsh winter conditions have deepened the poverty of millions of displaced people in northwestern Syria. Over the past week, a snowstorm across Syria and neighboring countries has left millions of displaced Syrians in danger of frost and killed at least three children. In the North West Province, people tried to …

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EMEA Daily: Google receives backlash over cookies

In today’s major news from Europe, the Middle East and Africa, most EU websites verified by a consumer protection agency cast doubt on the reliability of reviews, and a group of German publishers calls on the EU to stop Google’s plan to end the use of third-party cookies. . Additionally, …

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DEWA commissions 16 substations worth MAD 3 billion in 2021

Dubai: The Dubai Electricity and Water Authority (DEWA) inaugurated 16 new substations in 2021. These include fourteen 132 kV stations with a conversion capacity of 2,100 megavolt amperes and two 400 kV stations with a capacity of conversion of 4,000 megavolt amperes in the Mohammed bin Rashid Al Maktoum Solar …

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Turkish industry warns of falling production as Iran shuts off gas flow

Industry representatives have warned production will be hit as Turkey has ordered industrial sites and power plants to reduce gas use and also said it would have to cut power supplies after the neighboring Iran has temporarily suspended natural gas flows. The timing of the shutdown adds to the woes, …

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“The Turkish lira/USD exchange rate has helped us to be aggressive while exporting”

Turkish apples are doing very well in the Indian market. Demand was so strong that the export season had to start earlier than usual. It could also cause the season to end earlier, which could lead to higher prices when supplies run out. According to Alper Kerim, owner of Turkish …

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Turkey defies European deadline to release Osman Kavala from prison | Human Rights News

The Council of Europe has reportedly called for the jailed businessman and philanthropist to be released by February 2. A Turkish court has extended the detention of civil society leader Osman Kavala, ignoring a deadline set by Europe’s top human rights body to release him, in a case that has …

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Wildcat strike in Çimsataş challenges company, Turkish police and unions

Striking Çimsataş workers [Credit: @GazeteDavul on Twitter] The wildcat strike by metalworkers at the Çimsataş plant in Mersin has been going on since Wednesday, defying efforts by the company, the state and the Birleşik Metal-İş union to end the strike. Hundreds of workers halted production on Wednesday, rejecting a sellout …

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Albaraka Türk Katilim Bankasi: 13.01.2022 Currency protected TL participation account via digital channels in Albaraka!

Press release January 13, 2022 THE OPPORTUNITY TO OPEN A “CURRENCY PROTECTED TRIAL PARTICIPATION ACCOUNT” THROUGH DIGITAL CHANNELS IN ALBARAKA Turkey’s first participation bank, Albaraka Türk, offers its customers the opportunity to open a “currency-protected TRY participation account” through digital channels. Bank customers will continue to receive dividends by opening …

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Erdogan vows to bring Turkish inflation under control as skepticism grows

Turkish Lira banknotes are pictured at an exchange office in Istanbul, Turkey on August 13, 2018. REUTERS / Murad Sezer Register now for FREE and unlimited access to Reuters.com Register After falling 44% last year, the pound is stable last week World Bank predicts 2% GDP growth in 2022.3% next …

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Customs enforcement teams seized Lit 7.7 billion in contraband goods last year

Trade Minister Mehmet Muş said they smuggled 2021 billion TL 76 million in smuggled goods in 7, an increase of 749% from the previous year, and said: “ A significant portion of the contraband that we have seized consists of narcotics. .” noted. In his speech at the “2021 anti-smuggling …

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Turkey revises citizenship conditions in order to support the lire

The Turkish government has updated its regulations which grant citizenship to foreigners in exchange for a certain amount of investment or the acquisition of real estate, in the last step of authorities’ efforts to support the Turkish lira. Foreigners can become citizens if they own real estate worth at least …

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Binance Adds Turkish Lira, Other Australian Dollar to New Trading Pairs

Popular Cryptocurrency Exchange, Binance, at added seven new trading pairs to its already extensive list. The new pairs are ALICE / BNB, ETH/ UST, LRC/ BNB, GALA/EUR, OOKI / BNB, A/ ETH, and ATOM/TO TRY. Two of these new trading pairs contain fiat currencies. Binance adds 7 new trading pairs …

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Global Atomic’s Turkish operations unaffected by recent government economic announcement

TORONTO, January 4, 2022 / CNW / – Global Atomic Corporation (“Global Atomic” or the “Company”) (TSX: GLO) (OTCQX: GLATF) (FRANKFURT: G12) announces that business is business as usual at its Turkish joint venture, Befesa Silvermet Turkey (“BST”), following recent announcements by the Turkish government regarding the conversion of part …

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Turkish lira slips 5%, eyes on surging inflation

A US dollar banknote is seen next to Turkish lira banknotes in this illustration taken in Istanbul, Turkey on November 23, 2021. REUTERS / Murad Sezer Register now for FREE and unlimited access to Reuters.com Register now ISTANBUL, Jan. 3 (Reuters) – The Turkish lira fell 5% on Monday after …

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Lira hits bridge as Turkey braces for crypto showdown

A year of economic turmoil has sent the Turkish lira plunging to new lows, and retail investors across Turkey (now Turkiye) are racing into cryptocurrencies in a desperate race to protect their economies from drastic devaluations. President Tayyip Erdogan revealed that a cryptocurrency bill is prepared and ready to be …

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Press Release on Encouraging the Conversion of Gold Deposits to Turkish Lira Term Deposits (2021-65)

Press Release on Encouraging the Conversion of Gold Deposits into Turkish Lira Term Deposits December 29, 2021 No: 2021-65 The Central Bank of the Republic of Turkey has decided to offer incentives to holders of deposit and participation funds in the event that their gold deposits and participation funds are …

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Turkish lira drops nearly 8% after surge triggered by intervention – business

The pound fell nearly 8% against the dollar on Monday amid continued investor concern over Turkey’s monetary policy, having jumped more than 50% last week after billions of dollars in interventions on the state-supported market. The pound was also supported last week by a government move to cover exchange losses …

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Expert talks about impact of Turkish lira exchange rate on Azerbaijani economy

December 25, 2021 02:37 PM (UTC + 04: 00) 547 By trend The falling Turkish lira exchange rate impacts Azerbaijan’s economy mainly in two directions, Azerbaijani economic expert Ayyub Karimli said, Trend reports. According to Karimli, the Central Bank of Turkey decided a few days ago to reduce the discount …

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Press review: the United States will sting China in Tibet and can the Turkish lira crash impact Russia – Press review

Izvestia: Russia sees increased military activity along its borders as a serious threat Deploying US and NATO missile systems near Russia’s borders is a very serious challenge for the country which simply has nowhere to retreat, said Russian President Vladimir Putin at an enlarged meeting of the Ministry of Defense. …

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Turkish lira dips from historic low after Erdogan bailout announcement

A bureau de change holds Turkish lira and US dollar banknotes at a bureau de change in Ankara, Turkey on December 16, 2021. Cagla Gurdogan | Reuters The Turkish Lira has retreated at breakneck speed from record lows, experiencing wild swings after President Recep Tayyip Erdogan revealed a plan to …

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The Turkish lira with another record decline – Novinite.com

national of Turkey currency hits a new all-time low, depreciating against the US dollar to 17.04 TO TRY through we unity. The data from the online exchange shows this. At the same time, the Turks currency has depreciated twice since the start of the year, which is one of the …

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Turkish lira, stocks collapse amid inflation concerns

Istanbul’s stock market was twice forced to halt trading and the Turkish lira continued to decline on Friday as concerns grew that recent interest rate cuts could spur an inflationary spiral. . Turkey’s benchmark Borsa Istanbul 100 fell 8.5% on Friday on its worst day since March, tripping two circuit …

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Mexican Peso Firms 1% After Bank Hikes Rates; Aeromexico dives 50%

Mexican bank raises rates by 50bp Brazil c.bank lowers economic outlook for 2022, signals further increases Argentina’s economy grows 11.9% in the third quarter Dec. 16 (Reuters) – The Mexican peso surged on Thursday as the central bank hiked more than expected in response to rising inflation, while most other …

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The decline of the pound weighs on the Turkish people

Turkey’s inflation rate is above 20% and the country’s central bank will likely cut interest rates later this week, raising the temperature for inflation. The Turkish currency, the lira, fell to a new all-time low against the dollar on expectations of lower rates. The BBC’s Victoria Craig is in Istanbul, …

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Apple briefly stopped selling its products in Turkey, but why ?, World News

Apple products, especially iPhones, are known for their popularity around the world. People wait in winding queues for long hours just to get their hands on the new gadgets no matter how expensive they are. Prices for Apple electronic devices, including iPhones, vary around the world. Import duties, among other …

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Car ownership becomes beyond the reach of millions of Turks

Bunyamin Celikkaya, a resident of Istanbul, spent a year sifting through ads to replace his 10-year-old car. Its hunt seems to have become impossible amid the collapse of the Turkish lira which fueled equally dizzying price hikes. Celikkaya’s car price has gone up, as has the price of the used …

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Capital controls, use of reserves unlikely to prevent lira depreciation

The Ankara government has few options available as long as President Recep Tayyip ErdoÄŸan remains committed to lowering borrowing rates to accelerate economic growth and increase exports even under conditions of inflation exceeding 20%, which erodes the disposable income of ordinary citizens. Either the currency crisis becomes severe enough for …

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Turkish opposition leader kicked out of data center as data mistrust rises

Growing mistrust of official Turkish inflation data fueled political tensions last week as the main opposition leader was barred from entering the Turkish Institute building. statistics (TUIK), the government agency responsible for compiling and sharing various data. Shortly after TUIK released the latest inflation figures on December 3, Republican People’s …

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Turkish opposition leader helps form unlikely alliance to challenge Erdogan

For years, Turkish opposition leader Kemal Kilicdaroglu has been ridiculed for his gentle demeanor and inability to make inroads election after election. Lately, however, the leader of the Republican People’s Party (CHP) has discovered a taste for daring. On Friday, he showed up uninvited to the country’s statistical agency and …

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Pound Crash Hits Turkey’s Factories, Farmers and Retailers | Business and Economy News

Istanbul, Turkey – The Turkish Lira crisis threatens to bankrupt 86-year-old Mehmet Sapci’s pharmaceutical company. With the onset of the coronavirus pandemic, his company – Merkez Ilac – was able to leverage its production lines to pump disinfectants that have been shown to be essential in stopping the spread of …

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Turkey should adopt the euro – POLITICO

Asli Karahan-Ay is Chief Investment Officer of Lioness Capital. NEW YORK – The “unorthodox” economic policies of Turkish President Recep Tayyip ErdoÄŸan have caused a train crash. Turkey suffers from a balance of payments crisis, growing poverty, high unemployment and rampant inflation. At the time of writing, the Turkish lira …

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“Our money has no value”: frustration increases in Turkey during the pound crisis

ISTANBUL – Lines in front of bread shops and gas stations; farmers in default of payment; impromptu street demonstrations. Signs of economic distress in Turkey are all too clear as the pound continues on a steep slide. Sporadic protests have erupted around Turkey and opposition parties have called for a …

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Turkish lira crisis hits Idlib in Syria | Business and Economy News

Jamil Barakat says making a living in the town of Idlib in northwestern Syria has never been easy. But the next Turkish lira crisis and skyrocketing inflation made his small business a nightmare. “Product prices change every day and customers are incredulous,” Barakat told Al Jazeera. “And of course you …

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Greek companies closely monitor Turkish interests amid pound collapse – Greek City Times

Greek companies with billions of euros in investments in Turkey are closely monitoring developments in the neighboring country as the eastern economy kneels under the weight of the collapse of the Turkish lira. Data shows that Greek companies have actively invested in Turkey’s $ 720 billion economy in recent years …

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Turkish Lira holds firm after volatile sell-off of the week

The Turkish lira was stable on Thursday after a historic drop to record lows this week that was sparked by President Tayyip Erdogan’s defense of interest rate cuts, despite widespread criticism of his political stance. Central bankers, regulators and lenders were due to meet later today to discuss the market …

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Stocks pull back as traders see higher rates; Turkish lira plunges

Wall Street, European stock indices down Dollar retreats from 16-month high Turkish lira drops 15% to record low WASHINGTON / LONDON, Nov. 23 (Reuters) – Wall Street shares fell and the dollar fell from a 16-month high on Tuesday as investors positioned for interest rate hikes in 2022 after the …

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Turkish lira pulls back after record lows at start of trade

A bureau de change counts Turkish lira banknotes at a bureau de change in Ankara, Turkey on November 11, 2021. REUTERS / Cagla Gurdogan ISTANBUL, Nov.22 (Reuters) – The Turkish lira strengthened to less than 11.2 per dollar on Monday, after hitting a record high late last week after the …

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Few people dare to follow as Spanish bank BBVA raises bet on Turkey

While Carlos Torres Vila, director of BBVA, explained why the Spanish lender was planning to take full ownership of Turkish bank Garanti, it didn’t always sound like the sales pitch typically deployed for corporate transactions. But then the 55-year-old BBVA chairman could hardly ignore the backdrop of the deal – …

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Turkish opposition calls for snap elections amid pound collapse

ANKARA, Nov. 18 (Reuters) – Turkish opposition leaders called for an immediate snap election on Thursday after the pound plunged 6% to a new low following the central bank’s decision to cut rates on interest under pressure from President Tayyip Erdogan. The pound has seen its worst day since a …

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bne IntelliNews – Worries that Turkey could face another currency crisis “escalate”, says Capital Economics

Fears that Turkey could face another currency crisis continue to intensify, Capital Economics said on November 16, with the sharp depreciation of the Turkish lira in recent weeks showing little sign of slowing down. “The currency broke through the psychologically important level of 10 / $ at the end of …

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New Highs Reached As Turkish Lira Problems Worsen

USD / TRY broke through the 10.0000 ratio and its upward path may not be over yet. New highs were set by the USD / TRY early in trading as the Forex pair climbed above 10.0000. A glance at almost any technical chart shows that the Forex pair has been …

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Countries with the best exchange rate revealed

UK travelers can get a lot more for their money this holiday season if they vacation in the right place. As the travel industry continues to rebound from the coronavirus pandemic, there are some destinations where the pound is stronger than it was when UK restrictions began in March 2020. …

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Turkish car sales drop more than 40% in October

Turkish sales of passenger cars and light commercial vehicles fell for the fourth consecutive month in October, according to Tuesday’s data, maintaining a downtrend as supply chain disruptions continue to disrupt the auto industry . Sales of passenger cars and light commercial vehicles fell more than 40% year-on-year in October …

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In Turkey, foreigners face a new reality

What does it tell us about a country when foreign ambassadors advising their host state on a legal matter and refugees playfully teasing their host citizens on social media receive the same response from the government? That Turkey is in the mood for a little “time for me”. About a …

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Why currency volatility could make a comeback

October 30, 2021 FOREIGN-EXCHANGE the markets were once a hotbed of lively speculative activity. But today traders looking for an adrenaline rush should look to assets like cryptocurrencies instead. Barring a brief surge at the start of the pandemic – and isolated events in the Turkish lira – currency markets …

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GRAPHIC-Pain Points for Turkish Lira

By Karin Strohecker LONDON, Oct.26 (Reuters) – The Turkish lira enjoyed a rally of relief on Tuesday, moving away from its latest all-time low amid a diplomatic crisis that saw the currency head towards the 10 against the dollar . But the latest rout has put new emphasis on vulnerabilities …

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Will US GDP data confirm a pickup in activity?

Will US GDP data confirm a pickup in activity? U.S. economic growth has slowed sharply as the Delta variant of the coronavirus slashed consumer spending and supply chain bottlenecks hit businesses, but activity is already showing signs of recovery. Economists predict on Thursday that US Department of Commerce data will …

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Global finance watchdog adds Turkey to gray list

The global financial watchdog known as the Financial Action Task Force, or FATF, today announced that Turkey has been added to its “gray list” of countries under increased terrorist financing watch, money laundering and institutional corruption. The move will further damage Turkey’s uneven image and likely further weaken the pound, …

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