“Possible consequences of the earthquake for the Turkish economy”

SAFAKNA TURKEY – The Kommersant newspaper wrote that, according to the US Geological Survey, the demolition could cost 2 percent of Turkey’s GDP.

In the news, which reported that some of the country’s infrastructure was destroyed and temporarily unusable due to the effects of earthquakes, attention was drawn to the fire that broke out in the port of Iskenderun.

The Russian newspaper reported that the flow of oil from the Baku-Tbilisi-Ceyhan pipeline was stopped due to the earthquake, but the pipeline was not damaged.

Anticipating that Turkey’s energy consumption will increase in the coming years due to the reconstruction of infrastructure facilities, Kommersant notes that “Ankara can use this to strengthen its position in negotiations on natural gas.”

In news expected to affect Turkey’s tourism sector, it was reported that three airports in the southeast of the country had ceased operations and at least five hotels had been destroyed.

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