Month: February 2023

Germany will double its relief aid in Türkiye and Syria with an additional 50 million euros ($53 million) for victims … Continue ReadingGermany to promise additional 50 mln euros to earthquake victims

Two weeks after the Hatay earthquake , the damage assessment is also nearing completion. So … Continue ReadingEarthquake’s Aftermath: “Reconstruction Cost of Housing and Infrastructure to Exceed $45 Billion”

Turkey’s central bank used $7 billion of reserves in the last two weeks to help … Continue ReadingReuters/Nevzat Devranoglu:  Central Bank burning reserves to keep lira stable -bankers

Before last week, the stock market was one of Turkey’s last economic pillars that was … Continue ReadingTurkey’s State-Backed Markets Have Few Charms for Foreigners

President Recep Tayyip Erdogan on Monday said Turkey would build almost 200,000 new homes in … Continue ReadingErdogan pledges to build 200 thousand homes in quake zone

The normalization of Turkish-Syrian relations under Russian auspices proceeded smoothly until Iran’s prompt intervention interrupted … Continue ReadingTurkish-Syrian normalization efforts disrupted by Iran intervention

Turkish and Russian leaders may soon discuss an UN-backed initiative that has enabled the export of grain from … Continue ReadingTurkey, Russia talks: Ukraine grain deal might be on the table soon

The Feb. 6’s quakes have split Demirköprü village in Hatay in two as a small house that once looked … Continue ReadingVillage Split in Two by Earthquakes

U.S. Secretary of State Antony Blinken took a helicopter tour on Feb. 19 of one of the … Continue ReadingBlinken visits Earthquake Zone, Commits 100 Million dollars in Aid

Search and rescue operations have been terminated in nine quake-hit provinces, while efforts will continue for … Continue ReadingRescue Operations Concluded in Earthquake Zone, Except for Two Provinces

The earthquake that struck Turkey on Feb. 6, 2023, is first and foremost a human tragedy, one … Continue ReadingTurkish President Erdoğan’s grip on power threatened by devastating earthquake

The earthquakes that devastated Turkey and Syria last week are heaping new stresses on the … Continue ReadingEarthquakes Weigh on Turkey’s Already Struggling Economy

The World Bank estimated in 2021 that retrofitting or rebuilding millions of residential buildings in Turkey to … Continue ReadingTurkey earthquake: World Bank estimated making homes safe would cost $465bn

Residents and officials say Erzin suffered no deaths and saw no buildings collapse, and they … Continue ReadingErzin: The Miracle City Unscathed by Turkey’s Deadly Earthquake

The headscarf-covered woman could not contain her rage. Selva was certain that dozens of her … Continue ReadingResignation and Grief as Turkey Rescuers Struggle to Find Earthquake Victims

Turkey’s stock market soared Wednesday on the first day of trading after a suspension triggered by a devastating … Continue ReadingTurkish Government’s Swift Response Boosts Stock Market Following Devastating Earthquake

The potential economic effects of the earthquake in Turkey could result in a loss of up to … Continue ReadingTurkey Earthquake Threatens 1% GDP Loss in 2023, Experts Warn

In southeastern Turkey, despair is turning into righteous indignation. On February 6, an area roughly … Continue ReadingEarthquake: Negligence and corruption is to blame for, not “faith”