Russian President Vladimir Putin has said that 90% of the pipes of state-owned Gazprom’s southern venture, the TurkStream pipeline, have been laid, preparing the way for the transit of natural gas into Europe.
Turkey’s President Recep Tayyip Erdogan accused allies-turned-rivals of defrauding a state-owned bank.
Turkey will block final publication of a NATO defence plan for the Baltics and Poland until allies agree to designate the Syrian Kurdish YPG a terrorist group, Foreign Minister Mevlut Cavusoglu said on Friday.
Greece said on Friday it was expelling the Libyan ambassador, angered by an accord between Libya and Turkey signed on Nov. 27 that maps out a sea boundary between the two countries close to the Greek island of Crete.
- Greece to expel Libyan ambassador over Turkey-Libya accord (Reuters: Dec 6, 2019 at 9:35 AM)
- Greece to expel Libyan ambassador over Turkey-Libya accord (Reuters: Dec 6, 2019 at 9:20 AM)
NATO allies did not reach agreement at a summit in London this week and Ankara was left alone in the fight against terrorism, Defence Minister Hulusi Akar was quoted as saying on Friday.
Turkey’s central bank is expected to cut its key interest rate to 12.5% from 14% next week, a Reuters poll showed on Friday, sustaining an easing cycle designed to revive the economy and bringing real rates below levels in most emerging markets.
Turkey condemned on Friday a decision by Greece to expel the Libyan ambassador in response to an accord between Libya and Turkey that maps out a sea boundary between the two countries close to the Greek island of Crete.
Turkey’s construction sector will revive in the third quarter of next year.
Turkey is working on a plan to rid banks of their non-performing loans as policy makers step up attempts to boost lending and growth.
The fate of one of Turkey’s largest state banks is increasingly entwined with the future of Turkish-U.S. relations.