Fitch downgrades Turkey’s credit rating by one notch
Ratings agency Fitch on Friday downgraded Turkey’s sovereign debt by one notch to ‘BB-‘ with a negative outlook after President Recep Tayyip Erdogan sacked the governor of the central bank, western media outlets reported.
According to reports, the firing of Murat Cetinkaya last weekend for failing to follow government instructions “risks damaging already weak domestic confidence,” Fitch said in a statement. It also could jeopardize foreign investment, which the country needs and create “worsening economic outcomes.”
Erdogan has repeatedly railed against high-interest rates and called for them to be lowered to stimulate growth. He once called high rates the “mother and father of all evil.”
Տեքստում սխալ կամ վրիպակ նկատելու դեպքում, ուղարկեք խմբագրին հաղորդագրություն` նշելով տվյալ սխալը, այնուհետև սեղմելով Ctrl-Enter:
Newsfeed
17:13
EU could extend monitoring mission in Armenia through 2027
The High Representative of the European Union for Foreign Affairs and Security Policy, Kaja Kallas, has proposed a two-year extension of the...
Source Panorama.am
16:45
Putin ready for talks with Trump, Kremlin says
The Kremlin said Friday that President Vladimir Putin was open to talks with Donald Trump, after the incoming US president said a meeting...
Source Panorama.am
16:34
Armenian FM, EU envoy discuss security situation in South Caucasus
Armenian Foreign Minister Ararat Mirzoyan on Friday had a meeting with the EU Special Representative for the South Caucasus and the crisis in...
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16:05
Yeghishe Charents' book sent into space on museum anniversary
The 60th anniversary of the founding and the 50th anniversary of the opening of the Yeghishe Charents House-Museum in Yerevan have been...
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15:36
Pashinyan 'unaware' of developments in Armenia, ex-advisor says
Prime Minister Nikol Pashinyan on Thursday claimed that the number of air passengers arriving in Armenia increased by 20% between January 1...
Source Panorama.am
15:02
ECHR told Baku to provide information on Armenian prisoners by late January
The European Court of Human Rights (ECHR) has ordered Azerbaijan to provide information on Armenian prisoners held illegally in Baku by the end...
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14:35
Temperatures set to rise in Armenia
Dry weather is expected in Armenia's regions on Friday and over the next few days.
Yerevan will also remain free of precipitation...
Source Panorama.am
14:03
Politician: Impossible to achieve peace through 'political begging'
Opposition politician Eduard Sharmazanov claims former Armenian leaders managed to secure favorable terms in negotiations with Azerbaijan over...
Source Panorama.am
13:16
Pashinyan's leadership: a catalyst for Armenia's decline
Op-ed by Vartan Oskanian, former Armenian foreign minister
As 2025 unfolds, Armenia finds itself at a critical crossroads,...
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13:05
WTA Hobart: Avanesyan loses semifinal to Kessler
American McCartney Kessler moved into the final of the WTA Hobart International by edging out Armenian Elina Avanesyan, the No 6 seed, 4-6, 6-3,...
Source Panorama.am
12:30
Armenian State Symphony Orchestra to perform at Dubai Opera
The Armenian State Symphony Orchestra will present the Symphonic Rock concert series in Dubai, United Arab Emirates, from January 17 to 19,...
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12:14
Armenian archbishop voices support for Artsakh leaders facing sham trials in Baku
Archbishop Bagrat Galstanyan has expressed support for Artsakh’s military and political leaders, as well as other Armenian prisoners...
Source Panorama.am
11:35
Death toll in Los Angeles wildfires rises to 10
At least 10 people are believed to be dead as wildfires continue to scorch many cities in the Los Angeles County area, Euronews reported....
Source Panorama.am
11:24
Fog blankets parts of Armenia
The Rescue Service has warned drivers of a road closure in Armenia.
In particular, the road connecting the Amberd high mountain...
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11:11
Armenia offers condolences amid devastating wildfires in California
The Armenian Foreign Ministry has extended condolences to those affected by the devastating wildfires in California.
"Saddened by...
Source Panorama.am
17:19
Pashinyan could recall CSTO after Aliyev's remarks, top Russian official says
Deputy Chairman of the Russian Security Council Dmitry Medvedev claims that Armenian Prime Minister Nikol Pashinyan could recall the...
Source Panorama.am
16:46
Over 137,000 people evacuated amid Los Angeles wildfires
At least five wildfires are raging in Los Angeles - the two largest cover more than 27,000 acres and are 0% contained, BBC News reports....
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16:30
Fog expected to hit some parts of Armenia
Dry weather is expected in Armenia's regions on Thursday and over the next few days.
No precipitation is forecast for the capital...
Source Panorama.am
16:05
Kremlin doubts Armenia can be member of both EU and EAEU
Armenia can hardly be a member of both the European Union and the Eurasian Economic Union (EAEU), Kremlin Spokesman Dmitry Peskov said at a...
Source Panorama.am
15:36
MP calls for int'l action to prevent Azeri aggression against Armenia
Opposition lawmaker Tigran Abrahamyan has warned that Azerbaijani is planning fresh aggression against Armenia, calling on international actors...
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15:00
Russia to continue building relations with Armenia, Azerbaijan, Kremlin says
Moscow is committed to peace, stability, and security in the Caucasus and will continue to strengthen relations with both Baku and Yerevan,...
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14:38
Expert: Armenian leadership lacks 'plan B' for possible war
Political analyst Suren Sargsyan has called out the Armenian authorities for failure to handle security challenges facing the country....
Source Panorama.am
14:06
Catholicos Aram I closely following California wildfire crisis
In recent hours, His Holiness Catholicos Aram I of the Great House of Cilicia has reached out multiple times to the Prelate of the Western...
Source Panorama.am
13:36
US refrains from commenting on strategic partnership with Armenia for now
The United States “has nothing to comment on or announce at this point” regarding the potential signing of a strategic partnership...
Source Panorama.am
13:08
Armenian government backs EU accession bid
The Armenian government has expressed support for a legislative initiative to launch a process for the country’s accession to the European...
Source Panorama.am
12:36
Baku TV again falsely presents ancient Armenian church as Azerbaijani heritage
A pro-government TV channel in Baku has once again falsely presented the 7th-century Armenian monastery of Harichavank as part of...
Source Panorama.am
12:00
Lucas Zelarayán returns to Belgrano
Belgrano de Córdoba has officially announced the return of Lucas Zelarayán after weeks of uncertainty, during which the club...
Source Panorama.am
11:45
Fog hits Armenian town
The Rescue Service has warned drivers of a road closure in Armenia as of Thursday morning.
In particular, the road connecting the...
Source Panorama.am
11:33
Hobart International: Elina Avanesyan through to semifinals
Armenian Elina Avanesyan, the No 6 seed, advanced to the last four of the Hobart International after American Amanda Anisimova, the No 3 seed,...
Source Panorama.am
11:22
Armenian school destroyed in California wildfires
As the windstorm wreaking havoc across Los Angeles County continues to rage, its devastating impact has left thousands homeless, evacuated,...
Source Panorama.am
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Snow-covered Yerevan
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Gegham Stepanyan calls for sanctions against criminal Azerbaijan
11:45 29/11/2022
Memorial plaque honoring Yeghishe Charents inaugurated in Yerevan
