Turkey’s troubled lira rallies on ‘backdoor capital controls’

Turkey's beleaguered lira extended its biggest rally of the year on Monday in response to a new rule that effectively...

Report reveals economic decline of Turkey since introduction of presidential system

A recent report released by the Confederation of Progressive Trade Unions (DİSK-AR) research center has revealed how the presidential system...

Inflation-ravaged Turkey refuses to raise rates

Turkey's central bank on Thursday bucked global trends once again and kept its benchmark interest rate stable despite one of...

TÜSİAD chair slams Erdoğan gov’t’s unorthodox economic policies amid highest inflation since 1998

Orhan Turan, president of the Turkish Industrialists and Businessmen’s Association (TÜSİAD), has criticized the unorthodox economic policies of President Recep...

Turkey’s minimum wage workers earn $26 less a month than they did in 2021

Although the Turkish minimum monthly wage was increased by 50 percent for this year to help offset an increased cost...

Turkish Treasury to issue new bonds; consumer loan limits set

Turkey's Treasury said on Thursday it will issue state enterprise income-indexed domestic bonds to encourage Turks to make savings in...

Turkish lira plunges to 17.20 against dollar

The Turkish lira slid to beyond 17.2 against the dollar on Thursday, slipping for a fourth consecutive session towards December's...

Turkey’s lira slides against dollar, down 23 percent so far this year

The Turkish lira dropped 2 percent against the dollar on Wednesday, bringing its losses to 23 percent this year, after...

Erdoğan says Turkey won’t raise rates in face of soaring inflation

Turkish President Recep Tayyip Erdoğan insisted on Monday that his government was opposed to higher interest rates even as inflation...

Ukraine envoy says Turkey among destinations of grain stolen by Russia

Kyiv's ambassador in Ankara said on Friday Turkish buyers were among those purchasing grain that Russia stole from Ukraine, adding...

Minister claims Turkey’s inflation on a downward trajectory amid record level

Although Turkey’s inflation climbed to its highest level since 1998 according to official data, hitting an annual 73.5 percent in...

Turkish inflation hits highest rate since 1998 at 73.5 percent

Turkey's inflation climbed to its highest level since 1998, hitting an annual 73.5 percent in May, official data showed Friday,...

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