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12° Nicosia,
13 June, 2024
 

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Displaying results 1-30 of 53 matches for query lira.

1. 155 million crossings in over two decades

https://knews.kathimerini.com.cy/en/news/155-million-crossings-in-over-two-decades

In the two decades since the roadblocks opened, travel between the divided territories in Cyprus has seen a significant increase, according to data from the Ministry of Tourism cited by Yeni Douzen. The figures reveal a total of 155 million crossings from April 23, 2003, to the present day....

2. Turkey's Central Bank reports 2023 loss of 818.2B lira

https://knews.kathimerini.com.cy/en/news/turkey-s-central-bank-reports-2023-loss-of-818-2b-lira

Turkey’s central bank posted a 2023 loss of 818.2 billion lira ($25.25 billion), showed its balance sheet published in the Official Gazette on Sunday, on the back of steep loss stemming from the “KKM” foreign exchange-protected deposit scheme....

3. Erdogan's worries mount as opposition claims victory in key cities

https://knews.kathimerini.com.cy/en/news/erdogan-s-worries-mount-as-opposition-claims-victory-in-key-cities

There's a palpable sense of satisfaction among the opposition, resonating with a significant portion of the populace, following Sunday's electoral outcome in Istanbul and other major Turkish cities....

4. Turkey's February inflation hits 67.07%, raises policy concerns

https://knews.kathimerini.com.cy/en/news/turkey-s-february-inflation-hits-67-07-raises-policy-concerns

Turkey's annual inflation rate surged to 67.07% in February, surpassing expectations and sustaining pressure for a stringent monetary policy. Finance Minister Mehmet Simsek acknowledged that inflation would remain high in the coming months due to base effects and the delayed impact of previous rate hikes....

5. Deputy PM and MP deny explosive bribery claims

https://knews.kathimerini.com.cy/en/news/deputy-pm-and-mp-deny-explosive-bribery-claims

In a shocking turn of events, a bribery scandal has erupted in the Turkish Cypriot government, implicating the deputy prime minister and a board member of the development bank....

6. Turkish Cypriot crossing points take center stage

https://knews.kathimerini.com.cy/en/news/turkish-cypriot-checkpoints-take-center-stage

In a striking development, 2023 has seen an extraordinary increase in crossings through checkpoints in Cyprus, as revealed by reports in the Turkish Cypriot press....

7. Violent clashes between tenants and property owners as rents spike 700%

https://knews.kathimerini.com.cy/en/news/violent-clashes-between-tenants-and-property-owners-as-rents-spike-700

A craftsman in Turkey, who has been diligently paying rent for two decades, now finds himself threatened with eviction due to an unexpected rent increase of nearly 700%. His monthly rent has surged from 3,200 Turkish lira (110 euros) to a staggering 25,000 lira (867 euros)....

8. Cash-only trend grows amid rising inflation in occupied territories

https://knews.kathimerini.com.cy/en/business/cash-only-trend-grows-amid-rising-inflation-in-occupied-territories

The prevalence of merchants and shopkeepers unwilling to accept credit cards is on the rise in the occupied territories, warns columnist Jenq Mutluyakali in a Yeni Dusen article....

9. Hungary's orban government outlaws 'LGBT Propaganda' to protect youth

https://knews.kathimerini.com.cy/en/news/hungary-s-orban-government-outlaws-lgbt-propaganda-to-protect-youth

Orban's government banned 'LGBT propaganda' by claiming to protect young generations from amoral content....

10. When drugs for weight and diabetes backfire

https://knews.kathimerini.com.cy/en/news/when-drugs-for-weight-and-diabetes-backfire

Joanie Knight has a message for anyone considering drugs like Ozempic or Wegovy, which have become popular for the dramatic weight loss they can help people achieve....

11. Erdogan's diplomatic efforts in Gulf region

https://knews.kathimerini.com.cy/en/news/erdogan-s-diplomatic-efforts-in-gulf-region

CONSTANTINOPLE - REPORT: With the aim of attracting capital worth 50 billion dollars, Recep Tayyip Erdoğan embarked on a tour of Gulf countries. ...

12. AUB Mediterraneo Paphos: Shaping the future of education in the Mediterranean

https://knews.kathimerini.com.cy/en/business/aub-mediterraneo-paphos-shaping-the-future-of-education-in-the-mediterranean

As the anticipation builds for the opening of the American University of Beirut - Mediterraneo in Paphos scheduled for September 2023, Kathimerini had the privilege of sitting down with Philip S. Khoury,...

13. Saudi Arabia puts $5 billion into Turkish central bank

https://knews.kathimerini.com.cy/en/news/saudi-arabia-puts-$5-billion-into-turkish-central-bank

Saudi Arabia said Monday it deposited $5 billion into the Turkish central bank, likely helping Ankara firm up its long-weakening currency, the lira, after last month’s massive earthquake that struck southeast Turkey and northern Syria....

14. Death toll tops 17,000 as hopes fade for survivors

https://knews.kathimerini.com.cy/en/news/death-toll-tops-17-000-as-hopes-fade-for-survivors

Rescuers pulled more survivors from beneath the rubble of collapsed buildings Thursday but hopes were starting to fade of finding many more people alive more than three days after catastrophic earthquakes and a series of aftershocks hit Turkey and Syria, killing more than 17,000....

15. Economic events that will be remembered in 2022

https://knews.kathimerini.com.cy/en/news/economic-events-that-will-be-remembered-in-2022

The energy crisis, which intensified after Russia's invasion of Ukraine and resulted in skyrocketing gas prices, took the lead throughout the year....

16. What is causing the unexpected drop in global food prices?

https://knews.kathimerini.com.cy/en/news/what-is-causing-the-unexpected-drop-in-global-food-prices

Six months after Russia's invasion of Ukraine, the inflationary shock is still causing a "headache" for markets, government staff and households, with the price of natural gas hitting new record levels yesterday....

17. Turkish inflation surges to nearly 80%

https://knews.kathimerini.com.cy/en/business/turkish-inflation-surges-to-nearly-80

Turkish inflation rose to a fresh 24-year high of 79.6% in July, data showed on Wednesday as the lira’s continued weakness and global energy and commodity costs pushed prices higher, though the price rises came out below forecasts....

18. Russia sending money to Turkey for the $20 Billion Akuyo nuclear plant

https://knews.kathimerini.com.cy/en/news/russia-sending-money-to-turkey-for-the-$20-billion-akuyo-nuclear-plant

A Russian state-owned company is transferring money to a subsidiary that’s building a $20 billion nuclear power plant on Turkey’s Mediterranean coast, alleviating concerns the project could be delayed by war sanctions....

19. Guterres: 'More direct contact between the two communities is needed'

https://knews.kathimerini.com.cy/en/news/guterres-more-direct-contact-between-the-two-communities-is-needed

UN Secretary-General Antonio Guterres has urged the leaders in Cyprus, President Nicos Anastasiades and Turkish Cypriot leader Ersin Tatar to encourage more direct contact and cooperation between the two communities, expressing his concern about the likelihood that the already difficult climate between the parties could worsen....

20. Inflation in Turkey spikes to almost 70%

https://knews.kathimerini.com.cy/en/news/inflation-in-turkey-spikes-to-almost-70

Inflation in Turkey reached record levels of almost 70% in April, rising by 8.83 points in a month, according to official statistics released today....

21. Cashing in: No payment problems for Russian tourists in Turkey

https://knews.kathimerini.com.cy/en/news/turkey-expands-usage-of-mir-to-circumvent-payment-problems-for-russian-tourists

Turkey is trying to attract more Russian tourists by expanding the usage of the Russian Mir payment system in Turkey as it seeks to bypass the payment bottleneck created by Western sanctions....

22. Rising anger with Turkey drives calls for reunification in crisis-hit northern Cyprus

https://knews.kathimerini.com.cy/en/news/rising-anger-with-turkey-drives-calls-for-reunification-in-crisis-hit-northern-cyprus

In his sun-filled office in north Nicosia, Şener Elcil is plotting his next protest. Anger, he says, is in the air in Turkish-occupied northern Cyprus....

23. Turkey’s inflation hits a 19-year high of 36%

https://knews.kathimerini.com.cy/en/news/turkey-s-inflation-hits-a-19-year-high-of-36

Turkey’s yearly inflation climbed at the fastest pace in 19 years, jumping to 36.08% in December, official data showed on Monday....

24. What's left for the Turkish Cypriot economy after 2021

https://knews.kathimerini.com.cy/en/news/what-s-left-for-the-turkish-cypriot-economy-after-2021

Shortly before the pandemic began, Turks and foreign analysts warned of the effects of the Erdogan government's wrong moves and decisions on the economy....

25. Financial turmoil hits Turkish Cypriots

https://knews.kathimerini.com.cy/en/news/financial-turmoil-hits-turkish-cypriots

Serious side effects from the lira's plunge–Basic food products are becoming more expensive ...

26. Turkish lira whiplashes after Erdogan moves to protect savings

https://knews.kathimerini.com.cy/en/news/turkish-lira-whiplashes-after-erdogan-moves-to-protect-savings

Turkey's lira rocketed back from record lows in volatile trading on Tuesday after Turkish President Tayyip Erdogan proposed measures to protect local currency savings against such swings....

27. Turkish lira resumes slide to 17.5 against the dollar

https://knews.kathimerini.com.cy/en/news/turkish-lira-resumes-slide-to-17-5-against-the-dollar

The Turkish lira continued its freefall after President Recep Tayyip Erdogan rejected warnings from businesses about the dangers of recent interest rate cuts and vowed there was “no going back” from his approach....

28. Erdogan should focus on his economy, not Greece

https://knews.kathimerini.com.cy/en/comment/opinion/erdogan-should-focus-on-his-economy-not-greece

With the Turkish lira continuing its precipitous slide, the risk of capital controls looming dangerously and Recep Tayyip Erdogan’s legal adviser even going so far as to consider that declaring a state of emergency might be needed...

29. Turkish lira blows through 15 to dollar ahead of rate decision

https://knews.kathimerini.com.cy/en/news/turkish-lira-blows-through-15-to-dollar-ahead-of-rate-decision

The Turkish lira dropped to an all-time low beyond 15 against the dollar on Thursday ahead of another expected interest rate cut by the central bank, which has fallen in line with President Tayyip Erdogan’s risky new economic program....

30. The cost of Erdogan’s behavior

https://knews.kathimerini.com.cy/en/comment/opinion/the-cost-of-erdogan-s-behavior

Driven by arrogance and his neo-Ottoman ambitions, Recep Tayyip Erdogan behaves as if Turkey is some sort of unbound superpower which is immune to criticism...

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