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Month: February 2023

Germany to promise additional 50 mln euros to earthquake victims
Categories General HIGHLIGHTS HYPED

Germany to promise additional 50 mln euros to earthquake victims

Cem CetingucPosted on22 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

Earthquake’s Aftermath: “Reconstruction Cost of Housing and Infrastructure to Exceed $45 Billion”
Categories Economy General HIGHLIGHTS

Earthquake’s Aftermath: “Reconstruction Cost of Housing and Infrastructure to Exceed $45 Billion”

Cem CetingucPosted on22 February, 202322 February, 2023

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”

Reuters/Nevzat Devranoglu:  Central Bank burning reserves to keep lira stable -bankers
Categories Finance HIGHLIGHTS Markets

Reuters/Nevzat Devranoglu:  Central Bank burning reserves to keep lira stable -bankers

Atilla YeşiladaPosted on22 February, 2023

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

Categories General

Three Things That Went Wrong In Turkey’s Earthquake Response

Cem CetingucPosted on22 February, 2023

The earthquakes that struck Turkey on February 6, 2023, had revealed significant shortcomings in the … Continue ReadingThree Things That Went Wrong In Turkey’s Earthquake Response

Turkey’s State-Backed Markets Have Few Charms for Foreigners
Categories Economy Finance General HIGHLIGHTS

Turkey’s State-Backed Markets Have Few Charms for Foreigners

Güldem AtabayPosted on21 February, 2023

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

Erdogan pledges to build 200 thousand homes in quake zone
Categories General HIGHLIGHTS HYPED

Erdogan pledges to build 200 thousand homes in quake zone

Cem CetingucPosted on21 February, 2023

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

Turkish-Syrian normalization efforts disrupted by Iran intervention
Categories General HIGHLIGHTS Politics

Turkish-Syrian normalization efforts disrupted by Iran intervention

Cem CetingucPosted on21 February, 202321 February, 2023

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

Categories Economy General HIGHLIGHTS

Turkish economy trembles after devistating earthquake

Cem CetingucPosted on21 February, 2023

Turkey was already battling runaway inflation and relying on rich allies for funding to keep … Continue ReadingTurkish economy trembles after devistating earthquake

Turkey, Russia talks: Ukraine grain deal might be on the table soon
Categories General HIGHLIGHTS Politics

Turkey, Russia talks: Ukraine grain deal might be on the table soon

Cem CetingucPosted on21 February, 202321 February, 2023

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

Village Split in Two by Earthquakes
Categories General HIGHLIGHTS

Village Split in Two by Earthquakes

Cem CetingucPosted on20 February, 2023

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

Blinken visits Earthquake Zone, Commits 100 Million dollars in Aid
Categories General HIGHLIGHTS Politics

Blinken visits Earthquake Zone, Commits 100 Million dollars in Aid

Cem CetingucPosted on20 February, 2023

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

Rescue Operations Concluded in Earthquake Zone, Except for Two Provinces
Categories General HIGHLIGHTS HYPED

Rescue Operations Concluded in Earthquake Zone, Except for Two Provinces

Cem CetingucPosted on20 February, 2023

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

Turkish President Erdoğan’s grip on power threatened by devastating earthquake
Categories Economy HIGHLIGHTS Politics

Turkish President Erdoğan’s grip on power threatened by devastating earthquake

Güldem AtabayPosted on19 February, 2023

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

Earthquakes Weigh on Turkey’s Already Struggling Economy
Categories Economy HIGHLIGHTS

Earthquakes Weigh on Turkey’s Already Struggling Economy

Güldem AtabayPosted on19 February, 2023

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

Turkey earthquake: World Bank estimated making homes safe would cost $465bn
Categories Economy Finance HIGHLIGHTS Politics

Turkey earthquake: World Bank estimated making homes safe would cost $465bn

Güldem AtabayPosted on19 February, 2023

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

Erzin: The Miracle City Unscathed by Turkey’s Deadly Earthquake
Categories General HIGHLIGHTS

Erzin: The Miracle City Unscathed by Turkey’s Deadly Earthquake

Cem CetingucPosted on17 February, 2023

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

Resignation and Grief as Turkey Rescuers Struggle to Find Earthquake Victims
Categories General HIGHLIGHTS HYPED

Resignation and Grief as Turkey Rescuers Struggle to Find Earthquake Victims

Cem CetingucPosted on17 February, 2023

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

Turkish Government’s Swift Response Boosts Stock Market Following Devastating Earthquake
Categories Business Finance HIGHLIGHTS

Turkish Government’s Swift Response Boosts Stock Market Following Devastating Earthquake

Cem CetingucPosted on17 February, 2023

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

Turkey Earthquake Threatens 1% GDP Loss in 2023, Experts Warn
Categories Economy General HIGHLIGHTS

Turkey Earthquake Threatens 1% GDP Loss in 2023, Experts Warn

Cem CetingucPosted on17 February, 2023

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

Earthquake: Negligence and corruption is to blame for, not “faith”
Categories General HIGHLIGHTS HYPED

Earthquake: Negligence and corruption is to blame for, not “faith”

Cem CetingucPosted on17 February, 202317 February, 2023

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”

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