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Erdoğan says Turkish lira volatility is temporary: report

Turkish President Recep Tayyip Erdoğan said on Friday that exchange rates and gold prices will settle at their right levels and that volatility is...
Business

Rating agencies warn Turkey it may need to hike rates: report

Ratings agencies warned Turkey on Friday that it will likely have to hike interest rates sooner or later as it runs out of options...
Business

Turkish lira hits another historic low amid pandemic: report

Turkey's currency tumbled further Friday, hitting another record low, according to The Associated Press. The Turkish lira dropped to 7.3677 against the dollar before making...
Business

Turkey’s lira slides to record low despite central bank efforts: report

The Turkish lira tumbled to a record low on Thursday, despite efforts by the central bank to reassure investors that the country’s economy is...
Business

Turkey’s tumbling lira tests Erdoğan’s rate resolve: report

Turkish central bank head Murat Uysal has stuck to the rate-cutting script since President Recep Tayyip Erdoğan hired him to lift Turkey out of...
Business

Turkey’s car sales surge more than 380 percent in July after lockdown

Sales of passenger cars and light commercial vehicles in Turkey surged 387.5 percent year-on-year in July, the Automotive Distributors Association said on Wednesday, reflecting...
Business

Germany lifts travel warnings for 4 provinces in Turkey’s southwest

Germany lifted a warning against travelling to four Turkish seaside provinces with low coronavirus infection rates as part of a deal to help revive...
Business

Turkish inflation dips below expectations in July, currency firms: report

Turkey's consumer price inflation fell to a lower-than-expected 11.76 percent year-on-year in July, official data showed on Tuesday, reversing two months of rising inflation...
Business

Turkey’s economic confidence rebounds by 11.8 percent in July

Turkey's economic confidence index rebounded 11.8 percent month-on-month in July to 82.2 points, Turkish Statistical Institute data showed on Thursday, the third month of...
Business

Turkey’s central bank sharply raises yearend inflation forecast: report

Turkey's central bank sharply raised its end-year inflation forecast to 8.9 percent on Wednesday, after three months of price rises through the pandemic, but...
Business

China’s WeChat Pay launches service at Turkey’s İstanbul airport: report

China's third-party payment platform WeChat Pay, run by Chinese tech giant Tencent, was launched in Turkey on Tuesday, according to the Xinhua news agency. Speaking...
Business

Turkey will not publish tourism revenue statistics for 2nd quarter: report

The Turkish Statistics Institute said on Monday it will not release second quarter tourism revenue data since it could not conduct surveys due to...
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