Latest news with #Ekremİmamoğlu
Asharq Al-Awsat
6 hours ago
- Business
- Asharq Al-Awsat
Turkish Inflation Falls to 35.4% in May, Below Forecast
Turkish annual inflation dipped to 35.41% in May, official data showed on Tuesday, below a Reuters poll forecast and less than half the level of more than 75% that it reached a year earlier. Month-on-month, consumer price inflation was 1.53%, the Turkish Statistical Institute said, also below forecasts. In April, inflation stood at 3.0% on a monthly basis and 37.86% annually. In a Reuters poll, the monthly inflation rate was expected to be 2.0% in May, with the annual rate seen at 36.1%. Annual increases were led by education prices, which were up 71.67% on the year, while housing prices climbed 67.43%. Food and non-alcoholic drinks prices rose 32.87%. Inflation is seen at around 30% by end-2025, the poll showed, above a central bank forecast of 24%. Economists have revised up year-end inflation forecasts since March despite the central bank's recent tightening steps. In March, Turkish assets suffered, with the lira touching a record low against the US dollar after Istanbul Mayor Ekrem Imamoglu - President Recep Tayyip Erdogan's chief political rival - was jailed pending trial over graft charges that he denies. The domestic producer price index rose 2.48% month-on-month in May for an annual rise of 23.13%, the data showed.
CNN
3 days ago
- General
- CNN
Turkish authorities escalate crackdown on opposition-run Istanbul municipality
Turkish authorities escalated their crackdown on the opposition-run Istanbul municipality Saturday over alleged corruption charges, detaining 30 people. Those held include a former MP of the main opposition Republican People's Party, or CHP, and the mayors of three CHP-run districts of Istanbul. State-run Anadolu Agency reported that the detentions were part of four separate corruption investigations involving the Istanbul Metropolitan Municipality. Saturday's detentions are the fifth wave of a legal crackdown against the Istanbul administration since March 19, when Mayor Ekrem Imamoglu was arrested on corruption charges. The arrest of Imamoglu, who is seen as the most viable challenger to President Recep Tayyip Erdogan's 22-year rule, sparked widespread demonstrations calling for his release and an end to Turkey's democratic backsliding under Erdogan. The opposition and its supporters claim his arrest, and the subsequent arrest of dozens more from the CHP, are politically motivated. 'This time the coup didn't come with boots and tanks, but with prosecutor's robes,' said CHP chairman Ozgur Ozel on Saturday before a crowd of supporters in the northwestern city of Duzce. However, the government insists Turkey's judiciary is independent and free of political influence. The second crackdown on CHP-run municipalities and districts occurred in late April, and the third and fourth waves were in late May, resulting in dozens of detentions.
Yahoo
3 days ago
- General
- Yahoo
Turkey arrests dozens including opposition party members
Turkish authorities have ordered the arrests of dozens of people facing corruption allegations, including opposition party members, in Istanbul and the city of Adana. The Istanbul Chief Public Prosecutor's Office issued detention orders for 47 people and detained 30. Others detained included local municipal mayors and Istanbul officials. The operation is the fifth wave of arrests against the government's political opponents, starting with the jailing of Istanbul's mayor Ekrem Imamoglu, regarded as President Tayyip Erdogan's main rival in March. Turkey's government has rejected claims of political interference, insisting the judiciary is independent. Imamoglu sent a letter from prison to an opposition rally on Saturday, saying: "It is time to say "enough is enough" to this unjust and unlawful order." "Now you are taking our district mayors with fictitious excuses. What will you do? Where will you stop? Are you going to throw 16 million Istanbulites in jail one by one?" he said in the letter. Imamoglu is part of the Republican People's Party (CHP), who have been leading in many polls against Erdogan's Justice and Development Party. He was jailed over charges of corruption and aiding a terrorist group. He has denied all charges. His arrest triggered mass protests and arrests across Turkey. The Istanbul prosecutor's office has said 819 people arrested in protests will be tried in 20 criminal investigations. Some 110 people were arrested in the first four waves of arrests under corruption allegations. The fifth wave on Saturday consisted of four different operations in two cities. Municipal mayors, CHP party members and city officials were among those arrested. CHP Party Assembly member Baki Aydöner wrote on X that he was in Ankara for a party meeting when his wife called and told him that the house was searched and there was a detention order against him. He said he was going to Istanbul. The UN's human rights office said in March it was "very concerned" at the mass arrests, with Amnesty International at the time calling the detentions "draconian actions". Who is Turkish opposition leader Ekrem Imamoglu? Erdogan's main rival in Turkey makes first court appearance since arrest Hundreds arrested in crackdown on May Day protests in Istanbul
BBC News
3 days ago
- General
- BBC News
Turkey arrests dozens including opposition party members
Turkish authorities have ordered the arrests of dozens of people under corruption allegations, including opposition party members, in Istanbul and the city of Istanbul Chief Public Prosecutor's Office issued detention orders for 47 people and detained 30. Others detained included local municipal mayors and Istanbul operation is the fifth wave of arrests against the government's political opponents, starting with the jailing of Istanbul's mayor Ekrem Imamoglu, regarded as President Tayyip Erdogan's main rival in government has rejected claims of political interference, insisting the judiciary is independent. Imamoglu sent a letter from prison to an opposition rally on Saturday, saying: "It is time to say "enough is enough" to this unjust and unlawful order.""Now you are taking our district mayors with fictitious excuses. What will you do? Where will you stop? Are you going to throw 16 million Istanbulites in jail one by one?" he said in the is part of the Republican People's Party (CHP), who have been leading in many polls against Erdogan's Justice and Development Party. He was jailed over charges of corruption and aiding a terrorist group. He has denied all arrest triggered mass protests and arrests across Turkey. The Istanbul prosecutor's office has said 819 people arrested in protests will be tried in 20 criminal 110 people were arrested in the first four waves of arrests under corruption fifth wave on Saturday consisted of four different operations in two cities. Municipal mayors, CHP party members and city officials were among those Party Assembly member Baki Aydöner wrote on X that he was in Ankara for a party meeting when his wife called and told him that the house was searched and there was a detention order against him. He said he was going to UN's human rights office said in March it was "very concerned" at the mass arrests, with Amnesty International at the time calling the detentions "draconian actions".
Asharq Al-Awsat
27-05-2025
- Business
- Asharq Al-Awsat
Turkish Cenbank Gross Reserves Rose $7.5 Bln Last Week, Traders and Data Say
Türkiye's central bank continued to buy foreign currency last week, lifting its total reserves by $7.5 billion, bankers' calculations from data show on Tuesday. Market turmoil erupted in March over the detention and jailing of Istanbul Mayor Ekrem Imamoglu, who is President Recep Tayyip Erdogan's main political rival, triggering a policy pivot including selling some $57 billion to protect the market stability and a hike in the bank's key interest rate last month. Bankers' calculations, based on preliminary data, also showed that the central bank's net reserves rose by $8 billion last week.
