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Turkey’s lira slides against dollar, down 23 percent so far this year

The Turkish lira dropped 2 percent against the dollar on Wednesday, bringing its losses to 23 percent this year, after worries about a surge...
Business

Erdoğan says Turkey won’t raise rates in face of soaring inflation

Turkish President Recep Tayyip Erdoğan insisted on Monday that his government was opposed to higher interest rates even as inflation in the country soars...
Business

Ukraine envoy says Turkey among destinations of grain stolen by Russia

Kyiv's ambassador in Ankara said on Friday Turkish buyers were among those purchasing grain that Russia stole from Ukraine, adding that he has sought...
Business

Minister claims Turkey’s inflation on a downward trajectory amid record level

Although Turkey’s inflation climbed to its highest level since 1998 according to official data, hitting an annual 73.5 percent in May, Finance Minister Nureddin...
Business

Turkish inflation hits highest rate since 1998 at 73.5 percent

Turkey's inflation climbed to its highest level since 1998, hitting an annual 73.5 percent in May, official data showed Friday, an issue dogging President...
Business

Turkey keeps interest rates unchanged despite lira, inflation risks

Turkey’s central bank left interest rates unchanged for a fifth month, extending a pause that is coming at a steep cost for the lira,...
Business

Turkey’s finance minister to pay first ministerial-level visit to Egypt in 9 years

In what will be the first ministerial-level visit in nine years, Turkish Finance Minister Nureddin Nebati will travel to Egypt next month to attend...
Business

Turkish lira declines for 8th consecutive day versus US dollar

The Turkish lira slid 1 percent to beyond 15.65 against the dollar on Monday, slipping for an eighth consecutive session towards the lowest levels...
Business

Turkey to introduce heavier penalties for hoarding stock to fight inflation: minister

Turkey will amend the law penalizing restriction of the supply of goods and services to increase the prison term it stipulates, the Turkish justice...
Business

Turkey’s inflation soars to nearly 70 percent in April

Turkey's official inflation rate rose to nearly 70 percent in April, data showed on Thursday, posing a huge challenge to President Recep Tayyip Erdoğan,...
Business

Turkish court acquits Bloomberg journalists over article on lira fall

A Turkish court on Friday acquitted two Bloomberg reporters of trying to sabotage the economy with an article about the currency crisis of 2018,...
Business

No payment problem for Russian tourists in Turkey: finance minister

Russian tourists will not have problems paying for services in Turkey since the Russian Mir payment system is becoming more widely accepted, Turkish Finance...
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