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Erdoğan plans to combine economic management under one ministry if re-elected

Turkey’s President Recep Tayyip Erdoğan plans to combine economic management under one ministry if he is re-elected in an upcoming presidential election on June...
Business

İYİ Party member detained for tweet claiming Halkbank to be fined by US

An İstanbul court has ruled for the pretrial detention of Kerim Yılmaz, a High Advisory Board member of the İYİ (Good) Party, over a...
Business

Moody’s downgrades forecast for Turkey’s GDP growth to 2.5 percent

Global credit rating agency Moody’s has downgraded its expectations for Turkish gross domestic product (GDP) growth to 2.5 percent this year and 2.0 percent...
Business

Şimşek reassures global investors in London, softening Erdoğan rhetoric

Turkey’s Deputy Prime Minister Mehmet Şimşek assured global investors in London that the central bank has the freedom to act to defend the Turkish...
Business

Detention warrants issued for 59 Bank Asya customers over alleged Gülen links

The Ankara Chief Public Prosecutor’s Office has issued detention warrants for 59 people who were customers of the now-closed Islamic lender Bank Asya, which...
Business

Lira gains value after central bank simplification announcement

The Turkish lira gained value and firmed to 4.55 against the US dollar after a central bank decision on Monday "to complete the simplification...
Business

Şimşek says Halkbank rumors limited central bank’s effect on Turkish lira

Deputy Prime Minister Mehmet Şimşek has claimed that a decision made by the Turkish Central Bank to increase interest rates only had a limited...
Business

Turkey’s finance leaders to meet with foreign investors amid lira’s free fall

Deputy Prime Minister Mehmet Şimşek and Turkish Central Bank Governor Murat Çetinkaya will meet with fund managers and investors on May 28 in İstanbul...
Business

Turkey’s central bank increases interest rates as Turkish lira is in free fall

Following the Turkish lira’s record value loss against the US dollar, policy committee members of Central Bank of the Republic of Turkey (CBRT) held...
Business

Government thinks Turkish lira’s value loss is a plot targeting elections

Deputy Prime Minister and Cabinet spokesperson Bekir Bozdağ made statement on Wednesday concerning the Turkish lira’s record loss in value, claiming the latest deterioration...
Business

Turkish lira hits record low amid concerns over Erdoğan

Turkey’s currency, the Turkish lira, has fallen to a record low against the dollar amid concerns about an outflow of investor capital and the...
Business

Northern Cyprus PM hints at dropping Turkish lira over record value loss

Turkish Republic of Northern Cyprus (KKTC) Prime Minister Tufan Erhürman announced on Tuesday that radical measures for the economy are being considered, hinting that...
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