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Erdoğan admits minimum wage, pension hikes fall short amid inflation surge

Turkish President Recep Tayyip Erdoğan has acknowledged that recent increases in the minimum wage and pension payments have failed to keep pace with the...

Unemployment in Turkey was lowest in a decade in 2023: TurkStat

Turkey experienced its lowest unemployment rate in a decade in 2023, with figures dropping to 9.4 percent from 10.4 percent in 2022, according to...

Turkey’s central bank raises interest rate to 50 percent

Turkey's central bank hiked its key interest rate on Thursday, resuming its tightening cycle as one of the world's highest inflation rates rose again...

Turkey’s external debt up to 1-year maturity $174.9 bln at end of January: central bank

Turkey’s central bank said on Monday that the country’s external debt maturing in a year or less stood at $174.9 billion at the end...

Turkey to keep interest rate unchanged this week, but hike imminent: Reuters poll

Turkey's central bank is expected to leave its key interest rate unchanged at 45 percent this week, holding steady for the second month in...

Turkey moves against Meta over Threads-Instagram data sharing: report

Turkey's competition authority on Monday imposed an interim measure on Meta Platforms Inc meant to hinder data sharing between the Instagram and Threads platforms...

Turkey closes Ferrero hazelnut monopoly investigation

Turkey is ending an investigation into Italian company Ferrero over accusations that it was monopolizing the country's hazelnut market, Agence France-Presse reported, citing a...

UK, Turkey launch post-Brexit free trade talks: report

The United Kingdom and Turkey have launched negotiations on a new free trade agreement (FTA) with a view to including services as well as...

Ford to pay $365 million in US tariff fraud case for vans imported from Turkey

American auto giant Ford has agreed to pay $365 million to settle a civil suit linked to the alleged disguising of imported cargo vans...

Turkey’s unemployment rate rises to 9.1 percent in January: TurkStat

Turkey's unemployment rate rose 0.2 percentage points month-on-month to 9.1 percent in January, data from the Turkish Statistical Institute (TurkStat) showed on Monday. The number...

Turkey increased arms exports, ranked 11th largest exporter globally: SIPRI report

A new report published by the Stockholm International Peace Research Institute (SIPRI) shows Turkey’s arms exports increased by 106 percent over the past four...

Fitch upgrades Turkey’s rating to ‘B+’, outlook to positive

Turkey’s financial standing has received a boost as Fitch Ratings on Friday upgraded the nation’s long-term foreign-currency issuer default rating (IDR) to "B+" from...

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