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Turkey revises economic forecast with higher inflation targets and lower growth expectations

The Turkish government has announced revised economic targets for the 2025-2027 period, lowering its growth forecast while raising inflation expectations, Turkish media reported on...
Business

Data suggest Turkey’s exports to Israel continue via Palestine despite trade ban

Turkish businesses appear to be bypassing a government-imposed trade ban on Israel by routing exports through Palestine, according to data released by the Turkish...
Business

Turkey’s fiscal policy essential for slashing inflation: report

Turkey's fiscal policy will play a crucial role in the country's fight against inflation, central bank deputy governor Hatice Karahan told Reuters during an...
Business

Turkish finance ministry to name and shame entities with tax debts exceeding 5 million lira

Turkey’s Ministry of Treasury and Finance will publicly disclose the names of entities with tax debts and unpaid fines exceeding 5 million lira ($147,375),...
Business

Turkey signs 10-year LNG deal with British oil major Shell: report

Turkey’s state energy company, Botaş, signed a 10-year liquefied natural gas (LNG) supply agreement with British oil major Shell on Monday, marking a significant...
Business

Turkey’s economic growth slows more than expected to 2.5 pct in Q2: report

Turkey's economy expanded by a less-than-expected 2.5 percent in the second quarter of the year, data showed on Monday, cooling in the face of...
Business

Turkey’s stock market sees biggest losses globally in August: report

Turkey's stock market recorded the worst performance in the world in August as high interest rates and inflation eroded corporate profits, Bloomberg reported. The İstanbul...
Business

Erdoğan’s son-in-law paid highest income tax in 2023

Selçuk Bayraktar, chairman of Turkish defense contractor Baykar and the son-in-law of Turkish President Recep Tayyip Erdoğan, paid the highest amount of income tax...
Business

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)...
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