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Poverty line stands at 64,157 Turkish lira, with only 26.5 pct covered by minimum wage

Turkey’s poverty line, which refers to the total amount a family of four needs to live without feeling deprived of food along with other...
Business

Turkey’s central bank again keeps interest rates steady at 50 percent

Turkey’s central bank on Tuesday kept its key interest rate unchanged for the fifth month in a row, with annual inflation recorded at over...
Business

Turkey records a budget deficit of $2.9 billion in July

Turkey’s central government budget recorded a deficit of 96.8 billion lira ($2.9 billion) in July, the state-run Anadolu news agency reported, citing official data...
Business

Turkey’s unemployment rate rose to 9.2 percent in June: TurkStat

The unemployment rate in Turkey rose to 9.2 percent in June, a 0.8 percentage point increase, official figures from the Turkish Statistical Institute (TurkStat)...
Business

Turkish central bank keeps year-end inflation forecast unchanged: report

Turkey's central bank will keep its year-end inflation forecast unchanged, maintaining a tight monetary policy to achieve a sustained reduction in inflation, Governor Fatih...
Business

891,000 Turks face legal action over unpaid bank loans, credit card debt

The Turkish Banks Association (TBB) Risk Center has released data indicating a substantial rise in the number of people facing legal action due to...
Business

TurkStat defends withholding of item prices in face of inflation manipulation allegations

The Turkish Statistical Institute (TurkStat) on Wednesday defended its controversial decision to withhold detailed item prices, addressing allegations of inflation data manipulation that have...
Business

İstanbul sees 71 percent increase in cost of living annually

The cost of living in Turkey’s most populous city of İstanbul for a family of four increased by 71.4 percent in July when compared...
Business

Turkey imposes new tariffs on mail order as Turks increasingly shop online due to high inflation

Turkish President Recep Tayyip Erdoğan has signed a decree introducing new tariffs on products ordered from abroad, imposing additional duty on goods purchased through...
Business

Turkey’s inflation falls to 61.78 percent in July

Turkey's annual rate of inflation slowed sharply in July to 61.78 percent as the country battles a cost-of-living crisis, Agence France-Presse reported on Monday,...
Business

Turkey aiming to complete trade talks with Gulf council by end-2024: report

Turkey wants to complete negotiations for a free trade agreement with the Gulf Cooperation Council by the end of the year after Ankara hosted...
Business

Turkey’s foreign trade deficit rose by 10.8 percent in June

Turkey’s foreign trade deficit rose by 10.8 percent year on year to $5.8 billion in June, with imports decreasing 4.4 percent, according to data...
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