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Turkey combats Black Sea floods, death toll rises to 27

Search and Rescue team members evacuate locals during flash floods which have swept through towns in the Turkish Black Sea, in Bozkurt, a town in Kastamonu province, Turkey, August 12, 2021. Picture taken August 12, 2021. Onder Godez/Ministry of Interior Disaster and Emergency Management Authority (AFAD) Press Office/Handout via REUTERS Emergency workers battled to relieve […]
Black Sea Oceans General Baris Ayhan Daren Butler Tayyip Erdogan Suleyman Soylu

Turkey's ruling AK Party proposes raising corporate tax to 25% in 2021

By Reuters Staff 1 Min Read FILE PHOTO: FILE PHOTO: A man walks towards the entrance of OzdilekPark Shopping Center in the business and financial district of Levent, in Istanbul, Turkey September 8, 2020. REUTERS/Murad Sezer/File Photo ISTANBUL (Reuters) - President Tayyip Erdogan’s ruling AK Party submitted a draft law to parliament on Friday that proposes raising corporate tax in Turkey to 25% this year from 20% now and then to 23% in 2022. The draft also envisages support for restaurant an...
Gareth Jones Tuvan Gumrukcu Tayyip Erdogan Nevzat Devranoglu Ezgi Erkoyun Thomson Reuters Trust Principles

UPDATE 1-New Turkey wealth fund CEO latest in raft of top-level changes

By Reuters Staff (Adds other recent appointments, background on Ermut) ISTANBUL, March 9 (Reuters) - Turkey named Salim Arda Ermut the new chief executive of its wealth fund on Tuesday in the latest in a flurry of top level changes that began in early November when a new central bank governor and finance minister were appointed. In the last week alone, President Tayyip Erdogan’s government has also overseen leadership changes at the Turkish Statistical Institute (TUIK) and, on Monday, at the ...
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Back-to-basics Agbal hopes this time is different at Turkey's central bank

Publishing date: Feb 17, 2021  •  February 17, 2021  •  4 minute read  •  Article content ANKARA — Naci Agbal, Turkey’s new central bank governor, began his career as a financial inspector three decades ago. He hopes such devotion to the rules will see him – and the economy – through one of the trickiest turnaround jobs in emerging markets. Turkish President Tayyip Erdogan appointed Agbal in early November as the lira touched a record low and double-digit inflation was ris...
Orhan Coskun Naci Agbal Jonathan Spicer Nevzat Devranoglu Toby Chopra Tayyip Erdogan

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