Turkey's economy grew at a less than expected 2.1% in the third quarter as demand ebbed - especially in the services sector - under the weight of high interest rates. Third-quarter gross domestic product (GDP) dipped by 0.2% from …
The Turkish Central Bank has been keeping the key rate at 50% for eight months now. Until March of this year, it was at 45%.
The meeting of the Deputy Foreign Ministers of Russia and Türkiye focused on cooperation in the field of economy and energy, as well as issues of interaction within the UN.
At the beginning of this month, the figure was below 50% for the first time in a long time
Inflation in Türkiye drives up the cost of hotel accommodation, rent, and restaurant visits. Since last September, hotels prices for tourists have risen by 65%.
The Turkish government revised inflation expectations to 41.5% for this year and 17.5% for 2025 and 9.7% in 2026, Turkey's Vice President Cevdet Yılmaz …
Turkey's annual inflation slowed to a 13-month low of 51.97% in August, according to the Turkish Statistics Institute (TÜİK). Consumer prices advanced 2.47% month-on-month in August, easing from the 3.23% increase in July, …
The Turkish Central Bank has decided not to change the key rate for now. It will keep it at 50%. However, the regulator warned that if inflation does not decline, the rate will be increased even more.
The Turkish lira continues to weaken. During today's trading, the country's national currency dropped to 33.13 lira per US dollar. By the end of the year, the Turkish lira could fall further, to almost 38 liras per US dollar.
The GDP in the Group of 20 nations increased 0.9% in the first quarter of this year on quarterly basis, the Organization for Economic Cooperation and Development (OECD) data showed. The figure accelerated from a 0.7% growth in the final …
Inflation in Türkiye will peak in May and then begin to decline rapidly, the head of the republic announced
The discount rate remained unchanged in Türkiye. The decision was made by the Central Bank of the country. The rate will remain at 50%.
Türkiye and the World Bank signed an agreement on cooperation in the energy sector. It is aimed at expanding the use of renewable energy sources.
The Turkish authorities intend to introduce fines for entrepreneurs artificially inflating prices. The fine could be over $31 thousand.
The Turkish authorities intend to introduce a ban on the export of chicken meat due to an increase in the price of this type of meat
Today the interest rate in the republic is 50%. 22 years ago was the last time, when it was above the current level.
Russian citizens ranked first in the list of the most active real estate buyers in Türkiye. Last month, Russians purchased more than 400 residential properties.
Turkey’s central bank raised its key interest rate, the one-week repo rate, from 45% to 50%, the bank's press service reported, citing the continuing need to counter climbing inflation in the country. …
In the summer, Türkiye will abandon the current restriction on increasing the cost of renting apartments. Now, the owner of the property can raise the rent by no more than 25%. Lifting the restriction could increase apartment rental prices in Türkiye.
The Turkish Central Bank has not risen the key rate for the first time in 8 months. It is currently at around 45%.
