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.
A worldwide boycott could alter the Israeli economy, enterpreneurs from the Anatolian Businesspersons' Association and Istanbul Commodity Exchange said.
Killings, kidnappings and robbery now a part of everyday life in Libya amid ongoing clashes, saidTurks returning home.
Turkish think-tank ORSAM released a report to underline the miserable situation of Iraqi Turkmen.
Turkish PM Recep Tayyip Erdogan was given the Profile of Courage award in 2004 by the Jewish American Congress for his efforts in the Middle-East peace process.
Turkish Prime Minister Erdogan discussed the Israel-Gaza in an exclusive interview with CNN, and accused Israel of being a “terror state”.
When integrated with the Marmaray, the under-sea tunnel connecting the both sides of Istanbul, a passenger will be able to travel directly through the country's Asian and European sides without requiring any other means of transportation.
Jewish people should not be identified with Israeli military or political policy, say academics.
Turkish dailies reported Thursday on the latest developments of the operation in Istanbul and other cities against police officers and officials in the wiretapping probe, along with the latest clashes in Israel and Palestine.
Turkish FM Ahmet Davutoglu postponed a trip to France and left for Qatar in an effort to reach ceasefire between Israel and Gaza.
A major operation in Istanbul and other cities sees 22 more police personnel detained and 14 of them have been sent to court.
U.S. Secretary of State John Kerry spoke to Turkish Foreign Minister Ahmet Davutoglu three times on Thursday.
"If Israel continues with this attitude, it will definitely be tried at international courts," Erdogan told a rally of supporters in the southern port city of Mersin.
A major operation in Istanbul and other cities saw 104 police officers and chiefs detained and 22 of them sent to the court.
Troubles in Ukraine, Iraq, Syria and Israel are forcing airlines travelling between the east and the west to fly through Turkey.
"The U.S., Turkey, Qatar and Egypt have been working for the last five days to ensure an immediate ceasefire," Ahmet Davutoglu said
Turkey called on citizens to immediately leave Libya and avoid non-essential travel after airports were closed down due to shelling.