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Erdoğan doubles down on low interest rates despite lira fall

Turkey's President Recep Tayyip Erdoğan vowed "no compromise" on low interest rates in comments published by Turkish media on Monday, despite a currency crisis,...

Turkish finance minister’s record in the spotlight after controversial resignation

Finance Minister Berat Albayrak, the son-in-law of Turkish President Recep Tayyip Erdoğan, quit his job on Sunday, citing health reasons, after his tumultuous two...

Turkey’s automotive production down 13 pct in first half of 2019

Production in Turkey’s automotive sector fell 13 percent year-on-year in the first six months of the year to 735,062 vehicles, the Automotive Industry Association (OSD) said,...

Turkey’s annual inflation falls below 20 percent for first time since August

Annual Turkish consumer inflation fell to 19.67 percent in February, official data showed on Monday, dropping below 20 percent for the first time since...

Turkey’s lira slides, hit by global sell-off and central bank worries

Turkey’s lira slid 2 percent more against the dollar on Thursday, swept up in a global market sell-off and investor worries that lower-than-expected inflation...

FSA fighters also hit by loss of value in Turkish currency

The recent plunge of the Turkish lira has not only hit people living in Turkey but also Free Syrian Army (FSA) fighters in Syria...

Trump says Turkey has acted badly in Brunson case

US President Donald Trump on Friday said the United States was not going to take Turkey's detention of US Christian pastor Andrew Brunson "sitting...

Erdoğan using Brunson crisis to cover up his economic failure: CHP

President Recep Tayyip Erdoğan is deliberately using an ongoing row with the United States over the detention of pastor Andrew Brunson to cover up...

Erdoğan says Turkish economy will grow despite ‘attacks’ on currency

President Recep Tayyip Erdoğan said on Friday that yet-to-be-released figures would show the Turkish economy grew in the second quarter “despite all attacks on...

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...

Deputy PM Şimşek claims some circles provoking Turkey economically

Deputy Prime Minister Mehmet Şimşek on Sunday said some circles have been trying to economically provoke Turkey, claiming that the recent loss of value...

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