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Turkish President Recep Tayyip Erdogan said the "the worst part is behind us," as he reiterated the government’s determination to not allow citizens to be crushed by high prices. Erdogan said they had taken the bubble …
Turkey’s exports jumped to an all-time high of nearly $225.4 billion (TL 3.03 trillion) in 2021, Turkish President Recep Tayyip Erdogan announced on Monday, far exceeding the medium-term program goal. Exports surged by 32.9% …
Turkish President Recep Tayyip Erdogan has inaugurated a major road connection between Turkey and the entire Caucasus region, stressing this 2,246-long Pirinkayalar Tunnel will further connect the countries and …
Turkish President Recep Tayyip Erdoğan named the goal of Ankara during his speech at the scientific awards ceremony of the Scientific and Technological Research Council of Turkey (TÜBİTAK) and the Turkish Academy of Sciences …
The Turkish lira grew stronger Thursday in newly announced parity rates against foreign currencies, rates released every morning by the Turkish Central Bank for FX-protected lira deposit accounts. The US dollar/Turkish lira exchange …
Turkey's lira sputtered to another record low on Monday despite $6 billion in central bank interventions this month, after Turkish President Recep Tayyip Erdogan doubled down on his unorthodox low-rates policy by referring to Islamic usury …
Turkey's central bank slashed its policy rate by 100 basis points to 14% as expected on Thursday, carrying on with Turkish President Recep Tayyip Erdogan's plan even after inflation jumped above 21% and the currency spiraled to all-time …
The Turkish lira crashed as much as 7% in just a few minutes to a new record near 15 to the dollar on Monday, gripped by worries over President Tayyip Erdogan's risky new economic policy and prospects of another interest rate cut on …
Turkish President Recep Tayyip Erdogan on Wednesday called on the nation to benefit from opportunities of the government's new economic model. "We need to move the potential of Turkey forward," he told reporters in the …
Amid a sharp slide in the nation’s currency, the Turkish Central Bank announced it would intervene in markets and sell foreign exchange reserves Wednesday to stem volatility in the Turkish lira, …
Turkish President Recep Tayyip Erdogan said a tight interest rate policy will not lower inflation and vowed Turkey will succeed in its “economic war of independence.” Speaking after the Cabinet meeting, Erdogan said he …
On Thursday the Turkish lira broke its record decline at 17.00, and is trading at 11.10 per US dollar, according to online stock exchange trading reports. During the day, the lira lost about 4.5%. Note that the fall of the Turkish …
Turkey’s president Recep Tayyip Erdogan said he would drive away the scourge of interest from the nation. "Those who defend interest among our friends should not take offense. I cannot and will not be with the one …
Turkey makes its defense industry independent despite the "global gangs," Turkish President Recep Tayyip Erdogan said on Sunday. "We have elevated our defense industry to the league of giants despite the global gangs that …
Turkey’s central bank cut its policy rate by a staggering 200 basis points Thursday, sending the embattled Turkish lira to a new all-time low and raising the specter of deeper economic turmoil in the country. As Al Monitor …
Turkish Central Bank's reserves will surpass $115 billion when pending transactions are completed, Turkey's president Recep Tayyip Erdogan said on Tuesday. The bank's official reserves so far stand at $109 billion, Erdogan …
Officials in Turkey forecast improvements in the country's current deficit and inflation rate thanks to measures that have been taken, the Turkish vice president Fuat Oktay said on Monday. Speaking during a meeting of the …
Syrian investors pumped approximately 58.7 million Turkish liras (about $7 million) into 124 companies during the first quarter of this year, according to statistics published May 1 by the Union of Chambers and Commodity Exchanges of Turkey
Apprehension is growing in Turkey that its tourism sector, a vital hard-currency earner, might fail to recuperate in 2021 amid a new peak in the coronavirus pandemic
The Turkish authorities are planning new large investments and projects that will help the country to enter the list of the top 10 global leading economies, President of the country Recep Tayyip Erdogan said today. …
