Get our news on your inbox! x

Remember me Forgot password

MercoPress, en Español

Montevideo, April 21st 2026 - 22:29 UTC

Tag: Turkey

  • Friday, September 14th 2018 - 09:01 UTC

    Turkey property sales, rental contracts and leasing must be made in the Lira currency

    “We are solving the issue of rent in foreign currency, which concerns a lot of our vendors, once and for all,” Erdogan told a meeting of a traders’ confederation

    Turkey ruled on Thursday that property sales, rental contracts and leasing transactions must be made in lira from now on, halting the use of foreign currencies for such deals in a fresh step to support the ailing local currency. All business deals inside the country should be conducted in lira, President Tayyip Erdogan said, adding that nobody apart from exporters and importers should cross paths with foreign currency.

  • Friday, September 14th 2018 - 08:37 UTC

    BoE and European central bank keep rates unchanged; Turkey hikes 625 points to 24%

    In Frankfurt, the European Central Bank decided to kept its benchmark interest rates unchanged on Thursday, which was widely expected

    Stocks in Europe reversed earlier gains by Thursday's close to finish lower, as investors digested fresh news out of the central banking sphere. The pan-European STOXX 600 closed down 0.15%, with the majority of sectors falling into negative territory. The U.K.'s FTSE 100 slipped 0.43% by the close, while France's CAC 40 ended a touch lower, off 0.08%, and Germany's DAX rose 0.19%.

  • Friday, August 24th 2018 - 09:06 UTC

    Latin American growth lowered to 1.5% this year, in a “complex global scenario”

    Latin America's economies posted solid growth of 6.2% in 2010, but then tipped into a two-year regional recession in 2015

    Latin America's economic growth is set to come in lower than expected this year, as US protectionism and widespread wariness of emerging markets put a drag on the region, a UN panel said Thursday. The Economic Commission for Latin America and the Caribbean (ECLAC) slashed its growth forecast for the region by 0.7 point to 1.5%, saying the “complex global scenario” had dimmed the outlook since its last report in April.

  • Friday, August 24th 2018 - 08:24 UTC

    Brazilian currency sliding to record lows ahead of October's election outcome

    Brazil's real was on track for a more than 5% slide for the week on Thursday, having sold off more than 24% in the year so far

    The Brazilian currency Real fell to a 31-month low versus the U.S. dollar on Thursday on jitters ahead of the country’s October election. Jitters across emerging markets caused by a stronger U.S. dollar and exacerbated by the unfolding currency crisis in Turkey already took a toll on the Brazilian unit before this week.

  • Thursday, August 16th 2018 - 14:48 UTC

    US condemns Turkey's doubling of tariffs on US imports: “a step in the wrong direction”

    “The tariffs United States placed on Turkey were out of national security interest. Theirs are out of retaliation,” White House spokeswoman Sarah Sanders said

    The White House on Wednesday condemned Turkey’s doubling of tariffs on U.S. cars, alcohol and tobacco imports, calling the action “a step in the wrong direction.” Turkey took the action in response to what it called the Trump's administration's attack on its economy. The United States doubled tariffs on Turkish steel and aluminum last week, which contributed to a tumble in the Turkish lira.

  • Wednesday, May 23rd 2018 - 08:29 UTC

    Turkey's Erdogan joins the club of Venezuela Maduro's fans

    Erdogan phoned Maduro during the night to pass on his congratulations, a Turkish presidential source was quoted as saying by state-run Anadolu news agency.

    Turkey's President Recep Tayyip Erdogan has congratulated his Venezuelan counterpart Nicolas Maduro on winning a new term in office, the Turkish presidency said on Wednesday, after an election widely condemned by the international community.

  • Friday, May 18th 2018 - 09:06 UTC

    Maduro wraps up electoral campaign next to Erdogan and Maradona

    At Maduro's closing campaign in central Caracas, Maradona surprised the crowd by dancing a catchy reggaeton song while waving a Venezuelan flag

    Venezuela's diplomatically isolated president got a show of support from his Turkish counterpart Tayyip Erdogan and Argentine soccer legend Diego Maradona on Thursday ahead of a weekend election widely decried as unfair. The United States, the European Union and major Latin American countries have criticized Sunday's vote in which populist President Nicolas Maduro is likely to win re-election to a six-year term.

  • Monday, April 17th 2017 - 10:05 UTC

    Erdogan declares victory and celebrates, but Turkish opposition advanced they would challenge results

    Erdogan said 25 million people had supported the proposal, which will replace Turkey's parliamentary system with an all-powerful presidency

    President Tayyip Erdogan declared victory in a referendum on Sunday to grant him sweeping powers in the biggest overhaul of modern Turkish politics, but opponents said the vote was marred by irregularities and they would challenge its result.

  • Saturday, July 16th 2016 - 09:39 UTC

    Military coup fails in Turkey; people take to the streets and expose a divided Army

    After a night of drama and bloodshed, at least 190 people had died, more than 1,150 people were wounded, and hundreds of rebel soldiers arrested

    President Recep Tayyip Erdogan battled to regain control over Turkey Saturday after a coup bid by discontented soldiers, as signs grew that the most serious challenge to his 13 years of dominant rule was faltering. After hours of chaos and violence unseen in decades, Erdogan ended uncertainty over his whereabouts, flying into Istanbul airport in the early hours and making a defiant speech cheered by hundreds of supporters.

  • Monday, January 4th 2016 - 09:38 UTC

    How far can the Syria Conflict spiral out of control: Interview with Pelicourt

    You know, Putin's probably not too far off in his statement referring to Erdogan's loss of “mind and reason”.

    Business is business, so why not buy oil from ISIS. The Russians claim the Turks are doing it, and in all likelihood even Assad is buying it. No one can fight a war without oil, according to Robert Bensh, partner and managing director of Pelicourt LLC oil and gas company.