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Turkey’s finance minister fails convince global investors: report

Turkish Finance Minister Berat Albayrak offered little convincing detail of his economic turnaround plan and failed to enthuse investors at a private meeting in Washington on...

Turkey to continue withholding lira liquidity overseas at least until Sunday’s elections: report

Turkey will continue directing its banks to withhold lira liquidity from a key overseas market at least until after Sunday’s local elections, three sources familiar with...

Turkish capital gravitating outward: report

As Turkey’s economic figures were worsening, the outward direct investment (ODI) by Turkish companies in 2018 surged 26 percent to reach nearly $4 billion,...

Turkish economy shrank 2.7 percent in Q4, 2018 growth below forecast: poll

Turkey's economy shrank 2.7 percent in the fourth quarter of 2018, dragging full-year growth down to a below-forecast 2.55 percent, according to a Reuters...

İzmir university begins to sell produce at low prices

A university in the western Turkish province of İzmir has established a produce stand in the cafeteria of its medical faculty to sell produce...

Turkey: Foreign trade deficit decreases over 70 percent in January

Turkey's foreign trade deficit fell 72.5 percent to $2.5 billion in January over the same month of 2018, the state-run Anadolu news agency reported...

Economic hardship erodes Erdoğan’s support in İstanbul, Ankara: report

With Turkey’s local elections a month away, support for President Recep Tayyip Erdoğan’s Justice and Development Party (AKP) is being eroded by a deterioration...

Turks are dumping lira and hoarding dollars: report

Turkish households and companies that are faced with runaway inflation and near-zero real returns on local-currency deposits have converted $18 billion of their lira...

Interest rates will drop in course of economic recovery says Turkey’s finance minister

Turkish Treasury and Finance Minister Berat Albayrak on Friday said interest rates should be decreased and that they would drop with an economic recovery...

Municipal produce stands get mixed reactions from Turks

As some municipalities across İstanbul and Ankara began to sell produce at relatively low prices this week in an attempt by the Turkish government...

Turkey kicks off municipality-sponsored sale of produce to fight inflation

Several reports on Monday indicated that the Turkish government has put into practice the sale of fruits and vegetables by municipalities in İstanbul and...

Ministry investigating above-normal produce prices in Turkish markets

Turkey’s Ministry of Customs and Trade issued a statement on Wednesday saying they have increased audits to detect and investigate higher than normal produce...

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