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Turkish President Recep Tayyip Erdogan said the government expected the country's annual inflation to drop to 30% by the end of 2023. "We hope that inflation, which has been declining rapidly since the beginning of the year, …
Turkey’s minimum wage will go up 55% in 2023. The monthly net minimum salary will be 8,500 liras ($455), Turkish President Recep Tayyip Erdogan said Thursday in Ankara in a televised speech. The latest hike is an attempt to …
The reserves of the Central Bank of Republic of Türkiye (CBRT) have reached $125 billion, CBRT governor Shahap Kavcioglu said on the air of the TRT TV channel. "The only central bank in the world, the reserves of which have …
Turkish inflation slowed for the first time in over a year and a half, though measures to revive the economy ahead of elections in 2023 may keep it elevated for some time. Consumer prices rose an annual 84.4% in November, down …
The Turkish economy lost some momentum but remained buoyant in the third quarter of this year, official data showed Wednesday, as a global slowdown put a drag on exports, but the tourism sector remained strong. The gross domestic …
Turkish annual inflation climbed to a new 24-year high of 85.51% in October, official data showed on Thursday, slightly below forecast, after the central bank cut its policy rate despite surging prices. In the last three months, the …
Over the past twenty years, Türkiye has made a powerful breakthrough in its development, Turkish President Recep Tayyip Erdoğan said, speaking at the opening of a number of facilities in the western province of Balıkesir. In …
The Turkish authorities will continue reducing the bank interest rate, which currently stands at 12%, President Recep Tayyip Erdogan said. "As long as your brothers are in power, the interest rate will continue …
Annual inflation in Turkey hit 83.45% in September 2022, the Turkish Statistical Institute (TUIK) reported on Monday. In August inflation reached 80.21%. Meanwhile, according to data provided by the independent Inflation Research Group …
Türkiye and the United States held a third meeting of the Türkiye-U.S. Strategic Mechanism Dialogue on Sept. 15 in Washington chaired by Turkish Deputy Foreign Minister Sedat Önal and U.S. Deputy Secretary of …
Turkey's annual inflation climbed to a fresh 24-year high of 80.21% in August, a bit below expectations according to official data,after the central bank unexpectedly cut interest rates and stoked a cost-of-living crisis. Despite …
Türkiye’s economy grew 7.6% year-on-year in the second quarter of 2022, according to the country's statistical authority on Wednesday. The country's gross domestic product (GDP) at current prices surged 114.6% to 3.4 …
Turkey's central bank said on Thursday it slashed its key rate to 13% from 14% to drive economic growth and sustain employment amid growing geopolitical risk, adding rising loan rates have diminished effectiveness of monetary policy. …
Turkish President Recep Tayyip Erdogan, in an interview with reporters, spoke about the talks with Russian leader Vladimir Putin, which took place in Sochi. He noted that the parties reached an agreement on the start of the transition …
Turkey's inflation rose by 4.95% on a monthly basis in June to reach a lower-than-expected 78.62% on an annual basis, the Turkish Statistical Institute (TurkStat) revealed Monday. It was expected to reach 80%, according to the …
In June, Turkey's export volume was the highest in history, Anadolu Agency informs. According to the news agency, the country's exports amounted to a record $23.4 bln. "Turkey's export volume for June 2022 …
Despite the fact that the Russian special operation in Ukraine caused an increase in energy prices and had a negative impact on the plans of the Turkish government, which had to postpone the achievement of short-term economic targets until the …
Turkey's Treasury said on Friday fighting inflation remained its top priority after authorities announced fresh measures to shore up an economy beleaguered by surging prices and a sliding lira
Turkish President Recep Tayyip Erdogan vowed that Turkey would continue lowering interest rates rather than increasing them, in his most explicit remarks that come as inflation soars. “This government will not hike interest …
Turkey’s May consumer inflation came in lower than expected, but newly announced gas and electricity hikes bode a renewed resurge in prices across the board.
