World Bulletin / News Desk
Turkey will clear its remaining $1.3 billion of debt to the International Monetary Fund (IMF) by next April, Prime Minister Tayyip Erdogan told a ruling party congress on Sunday.
In the past the Turkish government relied on IMF loans to meet financial shortfalls, but it has managed to do without the aid since 2008. It has been gradually reducing its debts to the fund, which stood at $1.9 billion in late May.
"We took over $23.5 billion of debt. As of now we have $1.3 billion of debt and we will cut it to zero in April. We are holding technical discussions now," Erdogan told party members at the congress.
Turkey's last standby agreement with the fund was in 2005 and expired in May 2008.
The changes ratified by parliament give the MIT more scope for eavesdropping and foreign operations, as well as greater immunity from prosecution for top agents.
"Do not give credit to other than the official statement," Basci told reporters after his discord with PM Erdogan.
The Asian region has ever-increasing share in world economy, Malaysia's prime minister said ahead of the FTA signing.
Greek jets locked onto Turkish jets as they flew in international air space over the Aegean Sea.
Turkey has promised to help Crimean Tatars maintain their cultural and linguistic identity in the hope that their language will officially be recognized.
Slowing economies and higher interest rates will drag banks in emerging markets, says ratings agency.
A Greek court refused Turkey's demand to extradite illegal organization member Huseyin Fevzi Tekin, who was detained in his home with ammunition in Athens.
Kurdish politician and writer Yasar Kaya, founder of the Kurdish nationalist Democracy Party, returns from 21-year exile in Germany to Turkey.
Thursday's newspapers mainly cover President Abdullah Gul’s comments on Turkey's August presidential election, the ruling AK Party’s meeting on that contest, high-level talks between Twitter and Ankar, plus a ferry disaster in South Korea.
Turkey's main opposition party called for a parliamentary inquiry to look into imprisonment of some 300 members of Turkish Armed Forces.
Energy cooperation between Turkey and Iraq’s Kurdish regional government is stated clearly to both the U.S. and the government in Iraq, says Turkey’s Prime Minister Recep Tayyip Erdogan.
The Turkish government sponsors a number of charity and development projects in the Gaza Strip.
Ankara's current efforts towards streamlining trade are aimed at fully widening scope of business with Iran, says Turkish Development Minister at Tehran forum.
The massacre of Muslims in the Central African Republic has been compared to the genocides in Bosnia and Rwanda.
The 'Invest in Italy' conference in Istanbul heard of a huge discrepancy in Turkish-Italian investment.
The boat is said to have been illegally transporting migrants to Greek islands.