Nurettin Canikli

The dollarization risk for the Turkish economy has eased as the recent fluctuation in global capital markets is about to end, Deputy Prime Minister Nurettin Canikli said on Dec. 30. 

The Turkish Lira became one of the world's worst performing emerging currencies after Donald Trump won the U.S. presidential election in November. 

Turkey's banking sector supervisory and regulatory arrangements are in compliance with European Union rules, according to the European Commission, Deputy Prime Minister Nurettin Canikli said in a written statement late on Dec. 22.

All companies that have been submitted to the control of trustee panels earlier due to their alleged links to terrorist organizations will be transferred to the Saving Deposit Insurance Fund (TMSF) as of Nov. 22, according to a new state of emergency decree.

The Kurdish issue-focused Peoples' Democratic Party (HDP) has decided to halt all of its parliamentary works following the arrest of nine of its lawmakers, including co-chairs Selahattin Demirtaş and Figen Yüksekdağ, party spokesperson Ayhan Bilgen announced on Nov. 6.

Turkey's leading lenders have announced interest rate cuts in loans one-by-one, as the government calls for banks accordingly to "boost economic activity," ahead of a key meeting between Prime Minister Binali Yıldırım and top bank representatives late on Nov. 1. 

Two people were killed in flooding caused by heavy rain in the Black Sea province of Trabzon on Sept. 21 after rivers swollen by heavy rain spilled over their banks in the Beşikdüzü district.

Deputy Prime Minister Nurettin Canikli said it had rained four times as much as normal.

The government aims to shrink the share of the public sector in the economy and boost savings, Deputy Prime Minister Nurettin Canikli has said.

Turkey has recently dismissed 27,715 teachers and suspended 9,465, Deputy Prime Minister Nurettin Canikli stated late on Sept. 19, adding that the decisions were made over teachers' suspected links to either the outlawed Kurdistan Workers' Party (PKK) or the Fethullahist Terrorist Organization (FETÖ).

The Turkish government will permit German lawmakers visit to the İncirlik Air Base in the southern province of Adana in October following a request from Berlin, Deputy Prime Minister Nurettin Canikli said Sept. 19.

The Turkish government has allowed German lawmakers visit to the İncirlik Air Base in the southern province of Adana in October upon their request, Deputy Prime Minister Nurettin Canikli said on Sept. 19.