“Four administrators and personnel of the company were detained on Saturday on allegations of fraud,” Mehmet Nadir Yagci, a prosecutor in the southwestern city of Mugla, said on Saturday, as cited by Reuters. The move was reported shortly after Vebitcoin, one of the top five crypto platforms in Turkey, with …
Read More »Turkey bans use of cryptocurrencies for payments, citing possible ‘irreparable’ damages
The regulator said in a statement published in the Official Gazette that cryptocurrencies and other such digital assets based on distributed ledger technology could not be used, either directly or indirectly, as an instrument of payment. “Payment service providers will not be able to develop business models in a way …
Read More »Turkey backs Ukraine’s NATO bid, says military industry cooperation with Kiev is ‘not aimed against 3rd countries’
“Our main goal is that the Black Sea continues to be a sea of peace, tranquility and cooperation,” Turkey’s President Recep Tayyip Erdogan said at a joint press conference following three-hour-long talks with Ukrainian leader Volodymir Zelensky in Istanbul on Saturday. The Turkish president said Ankara does not want “escalation” …
Read More »Turkey arrests 10 retired admirals who voiced security fears over Erdogan’s straits project
Four other individuals were ordered to report to the Ankara chief prosecutor within three days as part of the investigation of an alleged attempt to commit crimes “against national security and the constitutional order,” Turkish news agency Anadolu said. The arrests and summonses on Monday came due to an open …
Read More »Turkey expects tourism to surge by up to 70% amid global Covid-19 vaccination drive
Turkey is expected to see an increase in tourist flows of up to 70% in 2021, according to Firuz Baglikaya, who heads the Association of Turkish Travel Agencies (TURSAB), as immunization against coronavirus picks up the pace in Turkey and around the world. “More than 400 million people have been …
Read More »Russian agricultural exports soar nearly 30% as China and Turkey ramp up purchases
Foreign sales of grains rose 86.4 percent to $1.916 billion, while exports of fat-and-oil products saw a modest growth of 9.2 percent to $787 million, according to the ministry. Exports of meat and dairy products grew by 32.8 percent to $154 million. Meanwhile, sales of fish and seafood dropped 27.2 …
Read More »Decision to buy S-400s from Russia ‘wasn’t made overnight’ & Turkey will stick to it – Erdogan’s spokesman
“Turkey won’t give up on the Russian S-400 systems,” Ibrahim Kalin, spokesman for Turkish leader Recep Tayyip Erdogan, told the local TRT Haber broadcaster on Thursday. “The S-400 decision wasn’t made overnight,” he noted, adding that he already touched on the issue in a phone call with Biden’s national security …
Read More »Turkey aims to be among world’s 10 biggest economies as Erdogan lures major investments
“To make our country one of the 10 biggest economies in the world, we’ve turned towards bigger investments in bigger projects,” the president said in his video message during the opening ceremony for a bridge in the eastern Malatya province. He also said that Turkey is realizing more than half …
Read More »Turkey scolded as ‘irresponsible NATO ally’ after interior minister blames US for 2016 coup attempt
Interior Minister Suleyman Soylu alleged the US government played an unspecified role in the July 15, 2016 coup d’etat attempt, Turkish daily Hurriyet reported, suggesting on a local television program that American officials “managed” the ill-fated takeover. “Was it only FETO behind the July 15 coup? Did it just do …
Read More »Turkey slaps Twitter, Periscope & Pinterest with advertising bans, vows to fight ‘digital fascism’
Ankara has imposed advertising bans on Twitter, Periscope and Pinterest over their failure to comply with the country’s new social media law that requires foreign companies to have an official representative in Turkey. The decision came into effect on Tuesday, with the country’s top officials praising it as a great …
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