Türkiye's inflation cools to lowest
Inflation in Türkiye eased to its lowest in four years in November, official data showed, with both annual and monthly readings coming in below expectations, primarily due to food prices.
Turkish economy
Türkiye's GDP grows by 3.7%
Türkiye's GDP increased by 3.7% in the third quarter of 2025, with total GDP reaching over $430 billion.
Russia-Turkey trade and economic ties developing steadily - MFA
Russia and Turkey have not yet resolved all issues related to mutual settlements affected by sanctions, Russia's charge d'affaires ad interim in Turkey Alexey Ivanov said on the sidelines of the 16th Asian Conference of the Valdai …
Economic warming in Türkiye: Central Bank's key rate cut by 2.5%
The Turkish authorities have decided to lower the key rate from 43% to 40.5%.
Turkey imposes tax on yachts
Turkey has slapped an 8% special consumption tax on yachts, motorboats and other pleasure craft, ending a zero-rate exemption that had applied to luxury vessels.
Turkish annual inflation cools further in August
Türkiye's annual inflation rate eased further in August, coming in just below 33%, official data showed on Wednesday.
Türkiye's Central Bank sharply reduces key rate
The key rate in Türkiye has been reduced to 43%. This 3% decrease comes amid slowing inflation.
Iran's imports from Türkiye increased by 10%
Iran has increased its supplies of goods and raw materials from Türkiye by 10%.
Turkish Central Bank raises key rate to 46%
Türkiye has raised its key rate again, breaking a series of consecutive rate cuts over the past three meetings of the country's Central Bank.
Türkiye's inflation growth slows in March
The Turkish economy is gradually recovering from the sharp rise, as analysts are registering a slowdown in inflation growth again. This has been happening for the tenth month in a row.
Türkiye sets record for LNG imports
Türkiye has been importing at least 2 million tons of LNG for the third month in a row. Deliveries in February reached a record high.
Erdogan announces launch of new transport corridors
Turkish President Recep Tayyip Erdogan has announced the launch of new transport and logistics corridors aimed at enhancing trade and development between Europe, Asia and the Middle East. Speaking at the presentation of …
Turkish lira plummets amid political turmoil
The Turkish lira weakened sharply to a record low against the U.S. dollar after Ekrem Imamoglu, the main opposition challenger to Turkish President Recep …
Turkish Central Bank cuts key rate to 42.5%
The Central Bank of Türkiye continues to gradually reduce the key rate in response to the slowdown in inflation.
Turkish inflation dips to nearly 40%
The annual inflation rate in Türkiye slowed for a ninth consecutive month in February, falling below 40% for the first time since June 2023, with monthly prices also advancing less than anticipated, official data showed. Consumer …
Turkey's GDP grows 3.2% in 2024
Turkey's economy grew 3.0% year-on-year in the fourth quarter of 2024, bringing full-year growth to 3.2%, official data showed. The Turkish economy was forecast to have expanded 2.6% year-on-year in the fourth quarter and by 3% in …
Lira hits historic low in Türkiye
The dollar to Turkish lira exchange rate reached 36 lira today, marking an all-time low for the national currency.
Türkiye cuts key rate to 45%
The Central Bank of Türkiye has decided to cut the key rate to 45% during its first meeting in 2025.
Türkiye may introduce 500-lira banknote
A 500-lira banknote may be issued in Türkiye soon. Currently, the largest banknote is the 200 lira, which was issued 15 years ago.
Türkiye sets new exports record, Erdoğan says
"Our export of goods in 2024 increased by 2.5% compared to 2023, reaching $262 bln"
