The Ottoman Empire (now used interchangeably with the Turkish Empire) was recovering from the Austro-Turkish War from 1663-1664 and honoring the treaty between the Habsburgs and the Ottomans while preparing for the conquest of Heraklion in 1669 which explains why the empire was running on a net loss of  44.7 million akce in 1669-1670.
In Western Europe, the names Ottoman Empire, Turkish Empire and Turkey were often used interchangeably, with Turkey being increasingly favoured both in formal and informal situations. Balance 44.7 million Ottoman Budget, 1669/70 The island was quickly overrun, but Venetian naval superiority enabled the fortress of Candia (modern Heraklion) to resist for decades. From 1645 onward the Ottomans were preoccupied with the difficult conquest of Crete from the Republic of Venice. Austro-Turkish War (16631664): failed Ottoman attempt to defeat and invade Austria. 
