page 6
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. …
Consumer confidence in the Turkish economy in December stood at the same level with the previous month, the country's statistical authority announced on Monday. The consumer confidence index was 80.1 this month, the Turkish …
Turkey's external assets amounted to $227.1 billion as of Oct. 31, down 10.4% from the end of last year, the Turkish Central Bank announced Friday. The country's liabilities against non-residents during the same period also fell …
The number of newly established companies in Turkey jumped 12% year-on-year in November, the country's top trade body said on Friday. A Union of Chambers and Commodity Exchanges of Turkey (TOBB) report showed 8,669 companies were …
The Turkish central government posted a budget deficit of 132.5 billion Turkish liras ($19 billion) in January-November, the Treasury and Finance Ministry said Tuesday. The data showed that the reading widened 42.1% compared to the same …
Turkey's hazelnut exports rose 27.5% to reach 343,561 tons from September 2019 to August 2020 year-on-year – a new record – a regional trade union announced Wednesday, Amadolu agency reports. The Black Sea Hazelnut and …
Turkey's exports reached $12.5 billion in August, decreasing 5.7% from the same month last year, the Trade Ministry announced on Sept. 2, Hurriyet daily news reports. Turkish imports boosted 20.6% to $18.8 …
