Obbligazioni valute high yield TURCHIA bond in usd e lira turca (2 lettori)

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Turkish cenbank: monitoring impact of earthquake-related imbalances on inflation
Oggi 12:19 - RSF
ANKARA, March 2 (Reuters) - Turkey's central bank said on Thursday it is monitoring the impact of earthquake-related supply-demand imbalances on inflation, adding that the effect on production, consumption, employment and expectations are being "extensively evaluated."
In the minutes of last week's Monetary Policy Committee meeting, the central bank said the short-term effects of the earthquakes had been partly reflected in production and orders expectations in the manufacturing sector.

Foreign trade data suggests exports are recovering after the initial decline due to the earthquakes, it said, adding that industrial production infrastructure in the region has been largely maintained and that production has been sustained.

(Reporting by Ali Kucukgocmen and Ezgi Erkoyun; Editing by Hugh Lawson)
(([email protected] , @alikucukgocmen; +905319306206; Reuters Messaging: Reuters Messaging: [email protected]))
 

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Turkish cenbank's net FX reserves fall to $20.2 bln
Oggi 12:45 - RSF
ISTANBUL, March 2 (Reuters) - The Turkish central bank's net international reserves fell some $1.4 billion to $20.2 billion in the week to Feb. 24, data from the bank showed on Thursday.

The exchange rate used by Reuters on Thursday was 18.8548.

Last July, Turkey's net forex reserves dropped to $6.07 billion, their lowest in at least 20 years, but they have since rebounded.

However, net reserves have fallen some $8.5 billion since a massive earthquake hit the country's southern region early in February, killing more than 45,000 people and leaving millions homeless.

Forex reserves had dropped sharply in recent years due to market interventions and in the wake of a currency crisis in December 2021. The lira lost some 30% of its value against the dollar last year and 44% in 2021.

The net forex reserves are still in negative territory once outstanding swaps, which stood at $38.91 billion on Wednesday, are deducted.
(Reporting by Ezgi Erkoyun Editing by Alexandra Hudson)
(([email protected] , @alikucukgocmen; +905319306206; Reuters Messaging: Reuters Messaging: [email protected]))
 

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Turkey faces challenge 'beyond comprehension' to clear earthquake rubble
Oggi 15:19 - RSF
By Ece Toksabay and Timour Azhari
ANTAKYA, Turkey, March 2 (Reuters) - After the deadliest earthquake in its modern history, Turkey faces the daunting task of disposing of hundreds of millions of tonnes of rubble, some of it potentially harmful.

The Feb. 6 earthquake and aftershocks left at least 156,000 buildings either completely collapsed or damaged to the point where they require demolition, Turkish authorities said, with whole areas of cities reduced to shattered concrete and steel.

The U.N. Development Program (UNDP) says the resulting 116- 210 million tonnes of rubble are equivalent to an area of 100 square km (40 square miles), if it were stacked to a height of 1 metre. That is roughly the size of Barcelona.

Turkish President Tayyip Erdogan, facing an election likely to be held on May 14, has pledged to rebuild homes within a year, although experts warned safety should come before speed.

An official said tenders and contracts had already been completed for some projects and safety would not be compromised.

In many cities, rescue teams have been replaced by thousands of trucks and excavators that claw away at the mountains of concrete. Workers in the city of Antakya, in Hatay province said it can take several days to clear the debris of one building.

"The scope of the challenge is almost beyond comprehension," UNDP Resident Representative Louisa Vinton said in a statement.

The UNDP said the disaster generated at least 10 times as much rubble as the last big Turkish earthquake in 1999.

Much of the rubble that has so far been removed has been stored in nearby temporary dumps, raising concerns about contamination. There are fears that older building material may contain asbestos, a cancer-causing fibre banned in many countries, including in Turkey, several experts told Reuters.

Deputy Environment Minister Mehmet Emin Birpinar said in a tweet that dust suppression systems were being used to prevent harmful substances like asbestos from circulating.

Reuters journalists observed some water trucks hosing down debris as it was lifted into trucks in cities including Antakya and Osmaniye, but in many other cases, there were no such measures. Birpinar could not immediately be reached for comment.


ENVIRONMENTAL WARNINGS
Proximity and convenience are a main factor when choosing the location of dump sites, according to three people directly working in rubble removal in the southern city of Antakya.

But Ahmet Kahraman, Chairman of the Chamber of Environmental Engineers, said where debris is stored required "meticulous study" by geological and environmental experts.

Some environmental activists and opposition politicians warn that improper clearance of rubble could lead to ecological disaster. At least one site, visited by Reuters, was a wooded area.

"Dumping rubble in the city, olive groves and stream beds without decomposing and recycling it causes new environmental disasters," said Gokhan Gunaydin, of the opposition CHP party.

Birpinar said on Twitter last Friday that the areas selected for debris disposal in Hatay were far from agricultural and residential areas, as well as wetlands and protected areas.

So far, 19 temporary sites had been identified in Hatay, with a total area the size of 200 football fields and 150,000 cubic metres of rubble were being moved per day, he added.

This week, hundreds of rubble trucks drove into the hills east of Antakya, unloading it in sites near lush greenery and olive trees.

Altan Arslan, a 51-year-old who owns a pavement brick and cement block factory, said he had donated his land to the government to use to store rubble after the quake.

He said thousands of trucks arrived daily and the rubble had grown into a massive mound. Bulldozers then flattened the waste and pushed it towards a cliff side, sending some debris tumbling into the valley and creating large clouds of dust.

"We may need a couple more fields like this because the destruction is huge," Arslan said, as excavators discarded shattered concrete near stacks of new cement blocks in his yard.

Local people were much too traumatised immediately after the quake to worry about where rubble was being dumped, he added.

His factory helped build Antakya, but the land on which it stood had now become the city's graveyard.

"We were very happy while making this city, but seeing it collapse like this...". He put his hand on his face and sobbed.

(Reporting by Timour Azhari and Ece Toksabay in Antakya, Editing by Alexandra Hudson and Andrew Heavens)
(([email protected]; +90 312 2927022; Reuters Messaging: [email protected]))
 

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fonte: tradingeconomics.com
 

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Turkey - Factors to Watch on March 3
Oggi 05:37 - RSF
ISTANBUL, March 3 (Reuters) - Here are news, reports and events that may affect Turkish financial markets on Friday.

The lira
traded at 18.8925 against the dollar early on Friday, little changed from its close of 18.8920 on Thursday.

FEBRUARY INFLATION

The Turkish Statistical Institute will release inflation data for February (0700 GMT). Annual inflation was expected to slow to 55.5%, according to a Reuters poll on Monday, which also forecast year-end inflation of 45%.


ERDOGAN MEETING
President Tayyip Erdogan will chair a meeting of the Turkish National Risk Shield (1130 GMT). He will also attend a signing ceremony of a free trade agreement between Turkey and the United Arab Emirates (1400 GMT).



OPPOSITION ALLIANCE
The six-party opposition alliance met on Thursday and issued a statement afterwards saying they had reached a common understanding concerning its joint presidential candidate and would meet again on Monday to announce their final decision.


MAIN OPPOSITION PARTY LEADER
Kemal Kilicdaroglu, leader of the main opposition Republican People's Party (CHP), will meet with two left wing parties in Ankara (1030 GMT).


RUSSIA-RELATED SANCTIONS
The U.S. government on Thursday called on companies to ensure they comply with Russia-related sanctions imposed after Moscow's invasion of Ukraine, warning that a failure to do so could lead to potential prosecution or enforcement actions.


($1 = 18.8845 liras)

(Compiled by Daren Butler)
(([email protected];))
 

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Turkish opposition alliance says it will announce election candidate on Monday
Oggi 06:26 - RSF
ISTANBUL, March 3 (Reuters) - Turkey's six-party opposition alliance said it will announce on Monday its joint candidate to challenge President Tayyip Erdogan in the presidential election, little more than two months before the vote is set to be held.

Erdogan indicated on Wednesday that elections will be held on May 14, sticking to his previous plan for the vote with a date just over three months after a devastating earthquake killed more than 45,000 people in Turkey.

The leaders of the six opposition parties met on Thursday with the expectation that they would agree on a joint candidate, who was widely expected to be Kemal Kilicdaroglu, leader of the main opposition Republican People's Party (CHP).

"We have reached a common understanding concerning our joint presidential candidate for the 13th presidential election and the roadmap for the transition process," the statement said.

It said the leaders would brief their parties' executive boards before meeting again on Monday "to share the final statement with the public."
Media reports said the party leaders largely voiced support for Kilicdaroglu's candidacy but that there remained opposition to his candidacy within the nationalist IYI Party of Meral Aksener, the second largest party of the alliance.

Opinion polls have indicated that the opposition alliance is well placed to challenge Erdogan and his ruling AK Party in the elections.

Erdogan's government has faced criticism for its handling of the emergency response to the earthquake, adding to what was already expected to be his biggest electoral challenge of his two decades in power as soaring inflation hits living standards.

However, reports of discord within the opposition alliance have led to doubts about its ability to capitalise on the erosion in Erdogan's popularity that opinion polls have shown.

(Reporting by Daren Butler; Editing by Kim Coghill)
(([email protected]; +90-212-350 7053; Reuters Messaging: [email protected]))
 

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Turkish opposition alliance says it will announce election candidate on Monday
Oggi 06:26 - RSF
ISTANBUL, March 3 (Reuters) - Turkey's six-party opposition alliance said it will announce on Monday its joint candidate to challenge President Tayyip Erdogan in the presidential election, little more than two months before the vote is set to be held.

Erdogan indicated on Wednesday that elections will be held on May 14, sticking to his previous plan for the vote with a date just over three months after a devastating earthquake killed more than 45,000 people in Turkey.

The leaders of the six opposition parties met on Thursday with the expectation that they would agree on a joint candidate, who was widely expected to be Kemal Kilicdaroglu, leader of the main opposition Republican People's Party (CHP).

"We have reached a common understanding concerning our joint presidential candidate for the 13th presidential election and the roadmap for the transition process," the statement said.

It said the leaders would brief their parties' executive boards before meeting again on Monday "to share the final statement with the public."
Media reports said the party leaders largely voiced support for Kilicdaroglu's candidacy but that there remained opposition to his candidacy within the nationalist IYI Party of Meral Aksener, the second largest party of the alliance.

Opinion polls have indicated that the opposition alliance is well placed to challenge Erdogan and his ruling AK Party in the elections.

Erdogan's government has faced criticism for its handling of the emergency response to the earthquake, adding to what was already expected to be his biggest electoral challenge of his two decades in power as soaring inflation hits living standards.

However, reports of discord within the opposition alliance have led to doubts about its ability to capitalise on the erosion in Erdogan's popularity that opinion polls have shown.

(Reporting by Daren Butler; Editing by Kim Coghill)
(([email protected]; +90-212-350 7053; Reuters Messaging: [email protected]))
 

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Pollsters see support for Erdogan's AKP largely unscathed despite quake
Oggi 12:28 - RSF

*
Turks largely blame contractors for the disaster


*
Metropoll survey puts Erdogan's AKP in the lead post-quake


*
Government criticized for initial disaster response


*
Opposition delay in agreeing on a candidate erodes support



By Birsen Altayli and Humeyra Pamuk
ISTANBUL, March 3 (Reuters) - Turkish President Tayyip Erdogan's ruling AK Party, facing elections in May, appears to have largely retained its support after last month's earthquake, pollsters said on Friday, despite widespread criticism of its initial response to the disaster.

Two polls this week showed the opposition had not picked up fresh support, partly due to its failure to name a candidate with just two months left before the vote, and partly due to its lack of tangible plan to rebuild areas devastated by the quake.

"The earthquake has not caused the government to weaken as much as the opposition would have expected," Ozer Sencar, chairman of the polling company Metropoll, told Reuters.

His company's polling data puts Erdogan's alliance with the nationalist MHP in the lead in the event of an imminent election, even though it has lost several percentage points of support compared to January.

More than 45,000 people were killed in Turkey and more than a million left homeless by two massive earthquakes which struck Turkey's southeast on Feb. 6 - the worst disaster in the country's modern history.

Erdogan indicated on Wednesday that elections will be held on May 14, sticking to his previous plan for the vote despite some questions about the feasibility of voting across the heavily damaged earthquake zone.

The immediate aftermath of the disaster was dominated by reports that the government's search and rescue teams were overwhelmed and too slow to dispatch their teams. Others criticized the government's lax enforcement of building safety standards that they said caused even new homes to crumble.


PROMISES TO REBUILD
Erdogan publicly acknowledged the problems in the early days but then defended his government's response. He swiftly pledged to rebuild homes, a promise that is likely to help him maintain support among the electorate, said Mehmet Ali Kulat, chairman of the MAK polling company.

"When people go through such a disaster, we see psychological reactions for a few days and that is directed at the government. Once 15-20 days pass, they stay close to whoever promises to rebuild their collapsed house or workplace. That could be an advantage for the government," Kulat said.

In surveys carried out following the earthquake, support for Erdogan's alliance with the nationalist party appeared around 40-41 percent, Kulat said, without providing a comparison.

Another survey conducted by Istanbul Economics Research between Feb. 16-20 with 2,000 participants showed a slight increase of 0.1 points from January for Erdogan's success score.

Thirty-four percent of the respondents in the survey, dubbed the "Turkey Report" said building contractors were those most responsible for earthquake damage, while 28 percent blamed the government.

AK Party voters overwhelmingly blame the contractors for the disaster, a reason why the loss of support in the ruling party has been limited, Sencar said.

Turkey's rampant inflation and rising poverty eroded Erdogan's popularity last year but he has since managed to recover some support by announcing increases in the minimum wage and steps to facilitate early retirement.

"Following the initial stumble, we have seen the government come up with a more unifying language," said Nezih Onur Kuru, a researcher with the TEAM research group. "The government has successfully created a perception that it is the one helping heal wounds," Kuru said.

That seems to have helped Erdogan's poll ratings. His alliance with the Nationalist Movement Party (MHP) has kept its support level of 44 percent in the aftermath of the earthquake, according to a survey by TEAM, conducted with 1,930 people on Feb. 19-20.

(Reporting by Humeyra Pamuk, Additional reporting by Azra Ceylan and Orhan Coskun; Editing by Daren Butler and Christina Fincher)
(([email protected]; +1 202 3105694; Reuters Messaging: Twitter: @humeyra_pamuk))
 

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UPDATE 4-Turkey's opposition alliance splits over election candidate
Oggi 15:09 - RSF

*
Elections set for May 14, three months after earthquake


*
Erdogan faces challenge amid inflation, quake criticism


*
Aksener statement throws opposition into disarray


*
Pollsters see support for Erdogan intact despite quake



(Adds Kilicdaroglu, comment from Adiyaman, background)
By Nevzat Devranoglu and Huseyin Hayatsever
ANKARA, March 3 (Reuters) - Turkey's right-wing IYI Party withdrew from the main opposition alliance on Friday, rejecting its proposal to make the biggest opposition party leader their election candidate and potentially weakening the challenge to President Tayyip Erdogan.

The public split, after months of simmering discord, came after Erdogan said this week the elections would be held on May 14, despite criticism of his government's response to last month's devastating earthquakes.

Speaking at party headquarters in Ankara, IYI Party leader Meral Aksener said the other five parties in the alliance had put forward Kemal Kilicdaroglu, leader of the Republican People's Party (CHP), as their presidential candidate.

She said her party, the second biggest in the alliance, would not "bow down" to pressure to accept him. Instead she proposed as candidates the Istanbul and Ankara mayors, both from the CHP, saying opinion polls showed they would win by a large margin against Erdogan.

"As of yesterday, the 'Table of Six' (opposition parties) has lost the ability to reflect the will of the people in its decisions," she said, signaling her party's exit from the alliance.

"It is no longer a platform through which potential candidates can be discussed but a table that works to rubber-stamp a single candidate," she said.

Aksener said the nation was calling on the Istanbul Mayor Ekrem Imamoglu and Ankara Mayor Mansur Yavas to do "their duty" suggesting they step up as candidates.

Speaking after Aksener's announcement, Kilicdaroglu downplayed the disagreement over the presidential candidate.

"Don't worry, all stones will fall into place," he said, according to broadcaster Haberturk and other media.

The "Table of Six" met on Thursday for more than five hours to agree a candidate and issued a statement, signed by all the leaders including Aksener, saying, "We have reached a common understanding concerning our joint presidential candidate."
It had said the leaders would gather again on Monday to announce their final decision. But following that meeting, Aksener went to her party's headquarters in Ankara and held a meeting with IYI leaders until around the early hours of the morning.

She made her announcement after a further meeting of party officials on Friday.



DOUBTS ON KILICDAROGLU
The opposition has failed in previous national votes to pose a serious challenge to Erdogan, who has been in power for two decades. It has cooperated more closely since its success in taking control of major municipalities, including Istanbul and Ankara, from Erdogan's ruling AK Party in 2019 local elections.

Erdogan has seen his popularity dip amid a cost-of-living crisis even before last month's earthquakes that killed at least 45,000 people in Turkey.

But despite widespread criticism of the government's initial response to the disaster, pollsters on Friday said Erdogan and the AK Party appeared to have largely retained its support.

In the southeastern province of Adiyaman, an AKP stronghold which suffered some of the worst earthquake destruction, some said their support for the government had waned because of its disaster response but they remained unsure about the opposition.

"There are many who want to vote for the opposition, but there are no candidates yet," said Mahmut in the badly-hit town of Besni. "I wouldn't vote for Kilicdaroglu. He has not won a single election."

(Additional reporting by Orhan Coskun and Ali Kucukgocmen in Ankara, Jonathan Spicer and Can Sezer in Adiyaman; Writing by Daren Butler and Humeyra Pamuk; Editing by Edmund Blair, Christina Fincher and Gareth Jones)
(([email protected]; +90-212-350 7053; Reuters Messaging: [email protected]))
 

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