Business Turkey


  • LONDON, July 21- The Turkish lira hovered just off record lows on Thursday and stocks plunged almost 4 percent after the imposition of a state of emergency and fears the country would lose its investment-grade credit rating. Istanbul shares fell to the lowest since mid-February but some stocks such as Turkish Airlines touched 3-1/ 2 year lows.

  • People watch on while a speech by Turkey's President Recep Tayyip Erdogan is shown on a big screen in Taksim Square on July 20, 2016 in Istanbul, Turkey. Turkey's president Recep Tayyip Erdogan has announced tonight a three month state of emergency following Friday night's failed coup. Clean up operations are continuing in the aftermath with the death toll now standing at 246 and 1536 wounded.

    Erdogan said the state of emergency, which would last three months, would allow his government to take effective measures against supporters of the coup.

  • NEW YORK— Spooked by headlines about Zika, terrorism and mass shootings? Standard travel insurance may cover trip cancellations if a terror attack takes place shortly before your arrival, according to Rachael Taft of, a travel insurance comparison site. For example, depending on the policy, insured travelers cancelling trips to Nice, France,...

  • Experts warn Turkish regime could turn 'radical and authoritarian'

    Turkey President Recep Tayyip Erdogan has arrested nearly 20-thousand alleged government opponents.

  • Turkish parliament convenes for extraordinary session following the failed coup attempt on July 16, 2016 in Ankara, Turkey.

    Experts warn that the recent round of arrests and suspensions in Turkey are the latest attempts to weaken the rule of law and democracy.

  • ANKARA, Turkey— The Latest on the situation in Turkey after the failed military coup last week:. Turkey's president has declared a three-month state of emergency following a failed coup. State-run television in Greece says security checks have been heightened on the island of Symi following reports in the Turkish news media that fugitives from Turkey's armed...

  • ISTANBUL— Access to the Wikileaks website in Turkey has been blocked after the group announced, following a failed coup by Turkish military units, that it would release a trove of documents on the country's power structure. There was no immediate statement Wednesday from Turkey's Telecommunications Board, a government agency that regulates access to...

  • Could the death penalty be re-established in Turkey?

    On Wednesday, the Turkish parliament is reportedly expected to discuss the prospect of reinstating the death penalty. CNBC’s Hadley Gamble reports.

  • Failed coup set to polarise Turkey further. By Samia Nakhoul and Nick Tattersall. ISTANBUL, July 19- Turkish President Tayyip Erdogan, whose fate was in the balance as rebel soldiers tried to topple him, has triumphed against his enemies and quickly reasserted his grip on power.

  • Gulen Extradition

    Former U.S. Ambassador to Turkey and Atlantic Council's Ross Wilson says Gulen's extradition will have to be based on evidence that stands up in court.

  • Turkey Coup Review

    Turkey's people and allies are concerned about the growing paranoia and fear within the country, says Ross Wilson, former U.S. Ambassador to Turkey.

  • A supporter of Turkish President Recep Tayyip Erdogan waves a flag against an electronic billboard during a rally in Kizilay Square on July 18, 2016, in Ankara, Turkey.

    Turkey vowed to root out allies of the U.S.-based cleric it blames for an abortive coup last week.

  • *Failed coup set to polarise Turkey further. ISTANBUL, July 19- Turkish President Tayyip Erdogan, whose fate was in the balance as rebel soldiers tried to topple him, has triumphed against his enemies and quickly reasserting his grip on power. "In the end, Erdogan and his supporters won the day nobody in Turkey has won in the long-term," wrote Hugh Pope and Nigar Goksel...

  • My worries for Turkey: Robert Pearson

    Former U.S. Ambassador to Turkey Bob Pearson, discusses Turkey's economy, and the aftermath of the attempted coup.

  • Will Turkey join the EU?

    European Commission vp Valdis Dombrovskis spoke to CNBC's Sara Eisen on the status of Turkey's negotiations to join the European Union, and about the future of the UK.

  • LONDON, July 19- Turkey should maintain its democratic institutions and the rule of law in the wake of a failed coup last week, British Foreign Office junior minister Alan Duncan said on Tuesday. Turkey has carried out a deep purge of the army, police and judiciary after the abortive military uprising on Friday in which at least 232 people were killed.

  • ANKARA, Turkey— Turkey's central bank cut a key interest rate for the fifth month in a row Tuesday, days after an attempted coup against President Recep Tayyip Erdogan triggered concerns over the country's economic outlook. In a statement, the bank's Monetary Policy Committee said it had reduced its overnight marginal funding rate by a quarter percentage...

  • Turkish central bank cuts interest rate

    Turkey's central bank cut lending rates by 25 basis points. Lubomir Mitov, chief economist for central and eastern Europe at UniCredit, comments.

  • ISTANBUL— The Latest on the attempted military coup in Turkey:. Apart from the conversation Tuesday, Turkey provided the U.S. government with documents that were being reviewed to determine whether it amounted to a formal extradition request for Gulen, who lives in exile in Pennsylvania. Turkey has blamed Gulen for being behind the failed military coup, a charge...

  • Europe and Turkey needs each other: Turkish deputy PM

    Mehmet Şimşek, Turkey's deputy prime minister, calls for pragmatism following the failed military coup in the country.