National & International News

TTNET fined for overcharging customers

TTNET, the Internet unit of Turkey’s main landline operator Türk Telekom, has been fined over 30 million Turkish Liras for overbilling its customers over a seven-year period, reports the Daily Hurriyet.

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Pope due for Autumn visit

POPE Francis is expected to pay an official visit to Turkey later this autumn, eight years after his predecessor, Benedict XVI, paid a landmark official visit from the Holy See to the country, the Daily Hurriyet has reported. Bartholomew I, spiritual leader of 250 million Orthodox Christians from Istanbul, extended an invitation to the pope in…

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Inflation climbs again

TURKEY’S inflation rate rose above expectations again by climbing to 9.54 percent in August, dashing hopes of attaining its expected year-end target. 

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Cash rewards for drugs bust tip offs

IT is highly unlikely that expats and tourists will even be aware that cash rewards are given by Turkish police in the apprehension and seizure of drugs and drug traffickers/pushers. But there are.

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Bank rates put on hold

FOLLOWING three consecutive cuts to its policy rate, Turkey’s Central Bank kept this rate unchanged on Wednesday but cut its overnight lending rate by 75 basis points, a decision that was followed by gains in local currency. The bank cut the lending rate to 11.25 percent from 12 percent, and also cut its overnight borrowing…

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Drought to push produce hike

PRICES of various fruits and vegetables will continue to rise this autumn following a long period of drought, according to Chamber of Agricultural Engineers (ZMO) Antalya Branch President Vahap Tuncer.

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Brits in Turkey third for illegal claims

THOUSANDS of British expats are suspected of committing benefit fraud abroad in the past year, costing Britain more than £80m – with Spain, Pakistan and Turkey the top destinations.

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Turkey looks to ease work permit law

TURKEY has kicked-off studies to introduce easier work permit application and granting procedures for qualified foreign workers and investors to enhance the country’s investment allure.

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