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News Summaries from Last Week - January 25th

Free termination right came to low internet speed
According to the service provider, those who do not accept the service provided by the internet speed service within the scope of the subscriber will be able to terminate their subscription without paying any penalty fee.

Veteran Turkish actress Fatma Girik dies at 79
Veteran Turkish film and television actress Fatma Girik died on Monday at the age of 79.

Girik also served as mayor of Istanbul’s Sisli district from 1989 to 1994

Turkish Cypriot ruling party ahead in snap polls

Ruling party set to win in Turkish Cyprus elections
A right-wing nationalist party has won the majority of votes in snap legislative elections Turkish Cyprus, according to provisional official results released on Jan. 24.

The ruling National Unity Party (UBP) of right-wing Faiz Sucuoğlu won 39.5 percent of the vote, strengthening its presence in the parliament by taking nearly half of 50 seats.

The centre-left Republican Turkish Party (CTP) came second with 32 percent of the vote to take 18 seats, according to the country’s election authority (YSK).

Turkiye's central bank keeps interest rates unchanged
Policy rate, also known as 1-week repo rate, stays on course at 14%, in line with market expectations

Selahattin Beyazıt, one of the former presidents of Galatasaray, passed away
Selahattin Beyazit died at the age of 91. Beyazıt, who was the president between 1969-1973 and 1975-1979, won 3 league championships.

Spor Toto Super League named ‘Ahmet Çalık Season’
The Turkish Football Federation has decided to play the remaining weeks of the 2021-2022 season as the “Ahmet Çalık Season” in the Spor Toto Super League.

Medium-scale earthquake triggers fear among residents
A 4.7-magnitude earthquake which struck the western province of Balıkesir’s Dursunbey district on Jan. 22 caused panic among the residents of Turkey’s Marmara region, in particular Istanbul.

The Disaster and Emergency Management Authority (AFAD) said on its website that the quake occurred at 10.31 p.m. local time at a depth of around 11 kilometers. No casualties have been reported so far.

Turkish, UAE central banks ink swap deal to deepen bilateral trade in local currencies
With latest agreement, Turkish Central Bank's total swap figure with foreign central banks reaches $28B

Central banks of the United Arab Emirates and Turkiye on Wednesday inked bilateral currency swap agreement.

According to a statement by the Turkish Central Bank, the nominal size of the deal is mutually 18 billion UAE dirham and 64 billion Turkish liras.

The agreement aims to enhance bilateral trade and to further strengthen financial cooperation between the two countries.

Solar power excels in Turkey's rapid shift to green energy sources
Turkey’s rapid shift to greener sources of energy has led to a sharp rise in its installed solar power over the last decade, with renewable investments expected to accelerate in the period ahead.

Its journey of producing energy from solar power started at just 40 megawatts (MW) back in 2014. It has now reached 7,816 megawatts, according to data compiled from the Energy and Natural Resources Ministry.

Heavy snow hits Turkiye’s largest city Istanbul
Heavy snowfall hit Turkiye’s largest city Istanbul on Monday, shuttering shopping malls, disrupting traffic, and closing a mega-airport.

After landing the city early in the morning, heavy snowfall caused traffic jams in the city’s working-class districts of Zeytinburnu, Bahcelievler, Sariyer, and Kagithane on the European side.

Some passengers as well as vehicles were stuck due to heavy snow.

Most schools were already closed on Monday for a two-week semester break.

Beaches polluted in Peru due to oil spill
After the volcanic eruption in the Pacific country of Tonga on January 15, Peru's 21 beaches were polluted by oil spills.

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