Turkeys

**Election Landslide: Turkey’s Opposition Party Wins Istanbul, Defeats Erdogan in Shocking Upset**

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Istanbul, Turkey – The recent local elections in Turkey have delivered a stinging blow to President Recep Tayyip Erdogan, as the main opposition party, the Republican People’s Party (CHP), claimed a significant victory. The election results, with the CHP leading with 37.7 percent nationwide over Erdogan’s ruling Justice and Development Party (AKP) at 35.5 percent, reflected widespread voter dissatisfaction with the ongoing economic crisis in the country. This victory marks the first national win for …

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Opposition Triumphs in Turkey’s Major Cities in Historic Election Upset

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Istanbul, Turkey – The main opposition party in Turkey has secured significant victories in the major cities of Istanbul and Ankara, dealing a blow to President Recep Tayyip Erdogan. The results mark a major setback for Erdogan, who aimed to regain control of these cities less than a year after securing a third term as president. However, opposition candidates Ekrem Imamoglu and Mansur Yavas emerged victorious in Istanbul and Ankara, respectively, for the secular opposition …

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Turkey’s Central Bank Surprises Analysts By Keeping Interest Rate At Record 45%

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ISTANBUL, Turkey – Turkey’s central bank made the decision to hold its key interest rate steady at 45% on Thursday, despite the country experiencing soaring inflation rates following eight consecutive months of rate hikes. This move came as no surprise, as the bank had previously indicated that it would not make any further increases for the rest of the year, even with inflation reaching approximately 65%. In January, consumer prices in Turkey rose by 6.7% …

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Turkey’s Year-On-Year Inflation Hits Record High of Nearly 65%, CPI Rises by 6.7% in January – Central Bank Reports

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ISTANBUL, Turkey – Turkish inflation saw a significant increase in January, with the consumer price index rising by 6.7% from December, marking the biggest monthly jump since August. The Turkey Central Bank’s figures revealed a year-on-year inflation rate of nearly 65%, highlighting the country’s ongoing struggle with rising prices. The 85 million people of Turkey experienced a 64.86% annual increase in the consumer price index, slightly up from the 64.77% recorded in December. Sectors that …

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Resignation of Turkey’s Central Bank Governor Over Media Smears Revealed – Read the Full Story Now!

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ISTANBUL, TURKEY – Hafize Gaye Erkan, the central bank governor of Turkey, recently announced her resignation just a few months into her term. The reason she gave for her abrupt departure was the relentless smear campaign against her in the local media. Erkan, who was appointed as the bank’s first female governor in June, attributed her decision to personal reasons. She also expressed concern for her family and particularly her child, who she feared would …

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