State of Turkish economy: “Erdogan Names Himself Chairman of Turkey Wealth Fund in Overhaul…

In Uncategorized on September 14, 2018 at 00:39

Bloomberg – Onur Ant – Sep 12, 12:08 AM

President Recep Tayyip Erdogan appointed himself chairman of Turkey’s sovereign wealth fund and got rid of the entire management staff that had presided over two years of inaction. Zafer Sonmez, head of Turkey and Africa for Malaysia’s government

The bank’s move, to ramp up the benchmark rate by 6.25 percentage points, had long been resisted by President Recep Tayyip Erdogan.
Fitch has downgraded its assessment of four Turkish banks on Sept. 11 due to increased risks to the banks’ performance following the recent market volatility and higher chances of a “hard landing” for the Turkish economy.
Turkish authorities have arrested an Austrian journalist and activist on suspicion of a terrorism-related offence, the leftwing website where he works said on Sept. 11.

Protests as Moldova ‘deports Turkish teachers’

Amnesty International says Moldova handed over seven school staff – alleged dissidents – to Turkey.

Deutsche Welle – Rebecca Staudenmaier – Sep 11, 10:50 AM

Austrian journalist Max Zirngast was detained by security forces in Turkey on Tuesday morning, according to the magazine that he worked for. Re:volt magazine reported on Twitter that Zirngast and ‘several others’ were arrested in Ankara around 5:00

Vía Erkan’s Field Diary

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