Turkish economy

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Fitch downgrades Turkey's rating; outlook negative

Fitch downgrades Turkey's rating; outlook negative

Global ratings agency Fitch Ratings downgraded Turkey's long-term foreign currency rating on July 13 to 'BB' from 'BB ' with a negative outlook, Hurriyet Daily News reported. Fitch said in a …

Turkey finds way to increase its gold fund reserve

Turkey finds way to increase its gold fund reserve

Turkey plans to increase the country's gold reserve through the sale of old cars without owners, and confiscated ones as well. According to Turkish media, local municipalities will sell abandoned or confiscated cars, and the …

Turkey's economy grows 7.4% in 2017

Turkey's economy grows 7.4% in 2017

Turkey's economy grew 7.4%in 2017, compared with the previous year, the Turkish Statistical Institute (TurkStat) said. GDP at current prices climbed to over 3.1 trillion Turkish liras (nearly $850.7 billion) last year, up 19% from …

Turkey widens free trade agreement with Georgia

Turkey widens free trade agreement with Georgia

Georgia and Turkey have agreed to widen an existing free trade agreement, so Georgian producers will soon be able to increase export volume to Turkey by 20%. The final round of negotiations was held Ankara, where delegations of …

Turkey leads Middle East with over 100,000 millionaires

Turkey leads Middle East with over 100,000 millionaires

Turkey now boasts more than 100,000 millionaires, making it the Middle East's top country for the wealthy, according to an expert on high net worth individuals, Daily Sabah reported.  Andrew Amoils of New World …

EU mulls including Turkey on blacklist of tax havens

EU mulls including Turkey on blacklist of tax havens

The European Union may include Turkey on a blacklist of tax havens as soon as next month, in a move that could further strain ties between Ankara and the world’s largest trading bloc, Bloomberg reports. An EU working …

Erdogan says worst is over for Turkish economy

Erdogan says worst is over for Turkish economy

Turkish President Recep Tayyip Erdogan has claimed that “the worst is over” for the Turkish economy, hailing the improving figures in various parts of the economy from exports to domestic consumption. …

Asia's growth meets Turkey

Asia's growth meets Turkey

This is undoubtedly an important development not only for Turkey, but also for the Eurasian region