Turkey has shifted its focus on reconstruction and encouraging citizens to move back into their homes once decalred safe Read more at straitstimes.com.
ANTAKYA, Turkey - Turkey turned its focus to reconstruction on Wednesday, encouraging those in quake-hit areas whose buildings have been deemed safe to return home, while its stock index soared as it reopened after five days of earthquake-related closure.
In Turkey’s southern Hatay province, half of the buildings have either collapsed, been heavily damaged, or need to be demolished quickly, Interior Minister Suleyman Soylu said.
“You do have to question how strong underlying sentiment is and what investors would be doing if this official support were not there... I would also question how long the authorities can continue with this support given the fragile nature of official finances,” said analyst Stuart Cole, head macro economist at Equiti Capital.
In Syria, relief efforts have been hampered by a civil war that has splintered the country and divided regional and global powers. The single border crossing from Turkey to Syria was closed for days before UN trucks were allowed through.
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