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[ANALYSIS] Erdoğan knew an economic crisis was coming and did nothing at all

In March 2015, Turkish President Recep Tayyip Erdoğan urged his fellow citizens not to invest in US dollars at a time when the Turkish...
Business

Russians’ purchase of real estate in Turkey skyrockets due to plunge of lira

Russians are taking advantage of the recent loss in value of the Turkish lira against other currencies to purchase real estate in Turkey, Sputnik...
Business

Turkey files complaint with WTO over US metals tariffs

The World Trade Organization (WTO) said in a press release on Monday that Turkey had filed a complaint against US metals tariffs, Sputnik reported. “Turkey...
Business

Qatar and Turkey central banks sign swap agreement: report

Qatar and Turkey’s central banks have signed a currency swap agreement to provide liquidity and support for financial stability, Qatar’s central bank said on...
Business

Bundesbank chair: Turkey currency crisis to have limited impact on German banks

The currency crisis in Turkey will have limited impact on German banks, given improvements in the overall resilience of financial systems, the head of...
Business

Pro-Erdogan media boss gets special treatment, makes $44 mln windfall profit

Turkey’s Capital Markets Board (SPK) exempted the pro-government Demirören Group from the legal obligation to solicit takeover bids from public shareholders in its purchase...
Business

Moody’s downgrades Turkey to Ba3, assigns negative outlook

Moody's cut Turkey's sovereign credit rating deeper into "junk" territory on Friday, citing a weakening of public institutions and the related reduction in the...
Business

S&P lowers Turkey’s credit rating deeper into junk territory

Standard & Poor's said on Friday it had cut Turkey's sovereign credit rating deeper into "junk" territory, citing extreme lira volatility and forecasting a...
Business

Samsung smartphones get more expensive in Turkey after Erdoğan’s call

South Korean electronics company Samsung has increased the prices of some of its smartphone models sold in Turkey following a recent call from Turkish...
Business

Central bank poll: Turkish lira will be valued at 5.97 to the US dollar at yearend

Turkey’s central bank has released its expectations poll for August 2018 in which it forecast the value of the lira against the US dollar...
Business

Finance Minister Albayrak seeks to reassure global investors amid currency crisis

-- No plans to go to IMF, focus on foreign direct investment -- Government to see certain expenditure cuts -- No non-market measures or capital controls --...
Business

Turkish municipality stops licensing Starbucks, McDonald’s, Burger King

Following a call by Turkish President Recep Tayyip Erdoğan to boycott American electronics, a district municipality in Ankara has stopped issuing business licenses to...
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