Turkish President Recep Tayyip Erdogan has stirred controversy by stating that the European Union (EU) must pave the way for Turkey's accession to the EU before his country approves NATO membership for Sweden.
Turkey's central bank implemented a significant interest rate hike, marking a shift towards more conventional economic policies.
The bank raised its key rate by 6.5 percentage points, boosting it to 15% — a jump from the current 8.5%.
Ankara, Turkey, May 29: Incumbent President Recep Tayyip Erdogan has emerged victorious in a fiercely contested presidential election held on May 14 and 28, reaffirming his rule over Turkey for a consecutive two-decade period.
Despite a closely fought battle, Erdogan clinched the win by a narrow margin, solidifying his position at the helm of the nation.
