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Turkish lira hits lowest level since 2018 currency crisis: report

Turkey's lira weakened some 0.5 percent against the dollar on Wednesday to its lowest level since the height of the 2018 currency crisis, as investors eyed...

Turkish lira hits weakest level since currency crisis in 2018: report

Turkey's lira on Tuesday weakened nearly 0.4 percent over concerns about the impact of the coronavirus, hitting its weakest level since September 2018, at the height...

Turkish central bank chief sees less inflation and more loans in forecast

Turkey’s central bank chief said the economic recovery is strengthening according to preliminary indicators, and corporate loans should continue rising even as inflation edges down toward...

899 businesses in Turkey applied for debt restructuring in 2019: report

A total of 899 Turkish companies applied for debt restructuring in 2019, a decline in number over the previous year, when the country experienced a currency...

Turkish regulator tells banks to write off some $8 bln in bad loans: report

A Turkish regulator on Tuesday told banks to write off 46 billion lira ($8.1 billion) in loans by yearend and set aside loss reserves,...

[UPDATE] Turkish state banks sell $4.5 billion dollars to boost lira’s value: report

Turkish state banks sold around $4.5 billion last week, two sources told Reuters, including in a flurry of selling late on Friday, to support...

Re-run of İstanbul election could delay Turkey’s economic reforms: report

Turkey’s long road to economic reform may have grown bumpier this week when authorities ordered a re-run of an İstanbul city election, further testing the patience...

Turkey’s energy, automotive sectors suffering from debt, low demand

Turkey’s energy and automotive sectors are suffering from exorbitant debt and low demand, respectively, in the face of a continuing recession. Turkey’s energy sector has $12-13 billion...

Turkey’s April inflation unexpectedly slows to 19.5 percent amid weak demand

Turkey's inflation rate unexpectedly slowed somewhat to 19.50 percent in April from a year earlier, helped by more moderate rises in transportation and clothing, even while...

Turkey’s trade deficit shrinks due to decline in imports

Turkey’s official statistics agency, TurkStat, has announced that the country’s foreign trade deficit in March dropped 63.7 percent year-on-year, from $5.88 billion to $2.14 billion, the NTV...

İstanbul election challenges, strained US relations lead Turkish lira to hit 6-month low

The Turkish lira hit its weakest intraday level against the dollar since mid-October on Wednesday as investors weighed up risks generated by challenges to İstanbul election...

Turkish lira plunges to 6-month low as possibility of new election in İstanbul lingers

The value of the Turkish lira plunged on Thursday to 5.85, the lowest in six months against the US dollar, as Turkey’s ruling party requested a...

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