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Report: Kuwait noncommittal on Turkey’s ask for $1.8 billion amid currency crisis

Turkish Treasury and Finance Minister Berat Albayrak made a quick visit to Kuwait to seek financial assistance in the amount of $1.8 billion amid...

Prominent Turkish businesswoman says has full faith in economy minister, new economic model

The chairperson of one of the leading business conglomerates in Turkey, Güler Sabancı, has said she has full faith in Turkey’s Finance and Treasury...

Albayrak’s ‘new economy approach’ unhelpful to Turkish lira’s free fall

Finance and Treasury Minister Berat Albayrak held a meeting on Friday at Dolmabahçe Palace in İstanbul to announce the policies Turkey would adopt for...

Turkish lira crashes to record low on worries over economy, US row

Turkey’s lira plunged to 6.30 against the US dollar on Friday as worries about President Tayyip Erdoğan’s influence over monetary policy and worsening US...

9 more majors sought by prosecutors over alleged Gülen links

The Ankara Chief Public Prosecutor’s Office on Monday issued detention warrants for two active duty and seven previously dismissed majors as part of an...

Turkey’s inflation approaches 16 percent in July, highest in 14 years

Turkey’s July inflation hit its highest point in more than 14 years on Friday, reaching nearly 16 percent on an annual basis as food...

Minister: Measures being taken to limit expenses of public administration

Turkey’s newly appointed Treasury and Finance Minister Berat Albayrak said in a press release on Tuesday that measures are being taken to limit the...

New presidential decrees redefine public institution authorities in Turkey

President Recep Tayyip Erdoğan has issued nine more presidential decrees making extensive changes to public and autonomous institutions, reinstating the State Theaters (DT) and...

Fitch downgrades Turkey’s already ‘junk’ rating

Ratings agency Fitch on Friday downgraded its already “junk” rating on Turkey’s sovereign debt, citing a widening current account deficit, a jump in inflation...

Moody’s highlights concern about Turkey central bank independence

Amid debates on new Turkish cabinet appointed by President Recep Tayyip Erdoğan, ratings agency Moody’s highlighted concern about the independence of the Turkish central...

Stocks and bonds slide as Turkish lira approaches 2-week low

Turkey’s stocks and bonds slid for a second day and the lira approached a two-week low amid growing investor unease over President Recep Tayyip...

[OPINION] Erdoğan terrorizing Turkey to become caliph

By Abdullah Bozkurt In his latest push to secure an imperial presidency that will lead to a self-declared caliphate, Turkey’s top Islamist ruler, Recep Tayyip...

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