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, …
Turkish economy
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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 …
Erdogan: Ankara-Washington relations to strengthen with trade
Relations between Turkey and the United States will strengthen with investment and trade, Turkish President Recep Tayyip Erdogan said in speech to representatives from U.S. companies. "I believe our strategic …
Turkish citizenship fourfold lower in price
Ankara cuts investment levels for citizenship, property sales seen boosted,
Erdogan: no economic crisis in Turkey, these are manipulations
Turkish President Recep Tayyip Erdogan said that there is no crisis in Turkey, and all happening in the country was manipulation. Speaking at Veterans Day ceremony in Ankara, Erdogan urged the use of the local currency …
What is IFC doing in Turkey?
IFC invests $1.1 bln in Turkey in 2018 fiscal year
Turkey came under 'economic attack'
The Turkish leader described the sudden fall in the value of the lira last month as an 'economic assassination attempt'
Erdogan: US behind ‘economic assassination attempt’ on Turkey
Turkish President Recep Tayyip Erdogan has accused Washington of waging an economic war against his country. Speaking before his ruling AK party in Ankara on Friday, he urged boosting the role of the Turkish lira in settlements, …
Turkish central bank hikes rates in a bid to save tumbling currency
The Central Bank of Turkey increased its benchmark interest rate on Thursday to 24 percent, a hike of 625 basis points from the previous rate of 17.75 percent. The Turkish lira jumped more than 5 percent on the news, firming to around …
Saving Turkish Lira
Would Turkey's Central Bank take all necessary steps to combat inflation?
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 …
Trump's cowboy policy outrages Ankara
Economic wars and the emergence of a new chaotic world order
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
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 …
Turkey: economic growth seen slowing
Erdogan’s government is considering further stimulus measures
Chinese investment potential in Turkey
The bilateral trade between Turkey and China was recorded at $28 billion in 2017
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 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 …
What does Turkey's 2017 growth say?
This growth is a sign of a fundamental change for Turkey in terms of both its composition and the situation of the world
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 …
