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Foreign investors flock to Turkey ahead of elections, anticipating potential economic shift: report

A wave of foreign investors is returning to Istanbul and Ankara after years of absence, holding numerous meetings to gauge the potential impact of...

Turkey’s central bank holds interest rate unchanged at 8.5 percent

Turkey's central bank held its policy rate at 8.5 percent as expected on Thursday, saying it had become even more important to keep financial...

Saudi deposit lifts Turkey’s net FX reserves to $25 billion: report

The Turkish central bank's net international reserves rose by $6 billion last week to $25 billion, three bankers' calculations showed on Tuesday, after a...

Erdoğan’s party pivots back to orthodox economic policies in draft manifesto: report

The draft election manifesto of Turkish President Recep Tayyip Erdoğan's ruling Justice and Development Party (AKP) marks a return to more orthodox, free market...

European development bank offers Turkey post-earthquake aid

The European Bank for Reconstruction and Development on Thursday announced it would invest up to 1.5 billion euros ($1.6 billion) in Turkey's earthquake-hit region...

Turkey’s Black Sea gas project faces delay due to earthquakes: report

The start of Turkish natural gas production from the Black Sea may be delayed by up to a month after staff had to leave...

Saudi Arabia deposits $5 billion in earthquake-hit Turkey’s central bank

Saudi Arabia said Monday it was depositing $5 billion in Turkey's central bank, a potentially major boost as the country grapples with inflation and...

Turkey’s inflation slows further as elections near

Turkey's inflation rate slowed for a fourth straight month in February but remained in double-digits ahead of elections in which President Recep Tayyip Erdoğan's...

Turkey’s trade deficit surges 52.8 percent in February after earthquakes

Turkey's foreign trade deficit stood at $12.19 billion in February, widening 52.8 percent year-on-year, highlighting the impact of last month's massive earthquakes on trade,...

Turkey’s economy grew 5.6 percent in 2022, pace to slow after earthquakes: report

Turkey's economy expanded 5.6 percent in 2022, official data showed on Tuesday, but growth was expected to slow significantly to 2.8 percent in 2023...

Turkey’s trade deficit jumps 38 percent to $14.2 billion in January

Turkey's foreign trade deficit widened 38.4 percent year-on-year to $14.24 billion in January, Reuters reported, citing official data on Monday, with imports surging 20.7...

Turkey cuts key interest rate to aid earthquake recovery

Turkey's central bank on Thursday dropped its key interest rate by half a percentage point to 8.5 percent, saying the cheaper borrowing cost would...

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