Turkish economy

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Erdogan unveils Turkey's second 100-day action plan

Erdogan unveils Turkey's second 100-day action plan

Turkish President Recep Tayyip Erdogan unveiled the second 100-day action plan of Turkey's new presidential Cabinet at the presidential palace in Ankara. 'Turkey has completed 340 of the 400 projects from the …

 Erdogan thanks Ilham Aliyev for Star oil refinery

Erdogan thanks Ilham Aliyev for Star oil refinery

Turkish President Recep Tayyip Erdogan thanked the President of Azerbaijan Ilham Aliyev in connection with the construction of the Star oil refinery in Izmir. "I am grateful to my brother, …

Erdogan: Turkey closes chapter of IMF credits

Erdogan: Turkey closes chapter of IMF credits

Turkey does not intend to borrow loans from the International Monetary Fund (IMF) anymore, Turkish President Recep Tayyip Erdogan said. "We have closed the chapter of the IMF credits in order not to open it …

Saving Turkish Lira

Saving Turkish Lira

Would Turkey's Central Bank take all necessary steps to combat inflation?

Turkey’s annual inflation nearly hits 18 percent

Turkey’s annual inflation nearly hits 18 percent

Annual inflation in Turkey rose again in August to nearly 18 percent, official statistics showed on Sept. 3, a record since late 2003, after the Turkish Lira dramatically weakened against the U.S. dollar last …

 Turkish lira plunges to record low against dollar

Turkish lira plunges to record low against dollar

Turkey’s national currency - lira tumbled to another record low against the dollar today. The lira traded down 9% against the U.S. dollar at 6.04 and briefly fell more than 12%.  Then lira pared some of its losses to trade at …

Washington: U.S.and Turkey maintain vibrant economic ties

Washington: U.S.and Turkey maintain vibrant economic ties

The United States continues to be a solid friend and ally of Turkey despite ongoing tensions between the NATO allies, the U.S. Embassy in Ankara said. "The United States continues to be a firm friend and ally of Turkey despite …