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Turkey’s unemployment remained unchanged at 10.2 percent in November

Turkey’s unemployment rate was unchanged month-on-month at 10.2 percent in November, while a seasonally adjusted measure of labor underutilization rose 0.5 percentage points to...

Turkey’s current account deficit expected to reach $48 billion in 2022: report

Turkey is expected to record a current account deficit of $4.1 billion in November, a Reuters poll showed on Friday, while the deficit was...

Inflation rate in Turkey drops sharply to 64.3 percent

Turkey's annual rate of inflation slowed for a second month in December after previously hitting a two-decade high, Agence France-Presse reported, citing official data...

Turkey’s central bank announces plans to increase share of lira deposits in banking system

Turkey's central bank has announced plans to increase the share of lira deposits in the country's banking system to 60 percent over the next...

Erdoğan eliminates retirement age requirement for millions of Turks ahead of election

Turkish President Recep Tayyip Erdoğan announced on Wednesday that he has eliminated the retirement age requirement for more than 2 million workers, Reuters reported.The...

Turkey’s inflation to fall to 66.8 pct in December, reach only 43.2 pct by end-2023: poll

Turkey's annual inflation rate is expected to drop to 66.8 percent in December due to a favorable base effect, but only fall to 43.2...

Turkish opposition parties, labor unions dissatisfied with minimum wage increase

Turkey’s opposition parties and representatives from labor unions have expressed dissatisfaction with a 55 percent increase in the country’s minimum wage for 2023, saying...

Turkey raises monthly minimum wage by 55 percent to fight inflation

Turkish President Recep Tayyip Erdoğan on Thursday announced the third major minimum wage hike in a year to try and combat a historic jump...

Turkey extends FX-protected lira deposit scheme for a year

Turkey extended by a year a scheme it adopted in the throes of a 2021 currency crisis that protects lira deposits from depreciation against...

Turkey’s unemployment rate rises ahead of tight election for Erdoğan

Turkey's unemployment rate edged up to 10.2 percent in October, data showed on Monday, posing a potential challenge to President Recep Tayyip Erdoğan's re-election...

Turkish grocery app Getir acquires German rival Gorillas

Turkey's grocery app Getir said Friday it had acquired its German rival Gorillas as the online food delivery market consolidates following a boom during...

Saudi Arabia will soon make $5 billion deposit with Turkey: Saudi finance minister

Saudi Arabia will place a $5 billion deposit at Turkey's central bank "within days," Reuters reported, citing the kingdom's finance minister, Mohammed al-Jadaan, on...

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