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economy
Erdoğan says Turkey’s inflation will fall to 40 percent in several months
In remarks that raised eyebrows, Turkish President Recep Tayyip Erdoğan has said the country’s inflation, which currently stands at more than 80 percent, will...
Turkish economy grows 3.9 percent in 3rd quarter
Turkey's economy grew 3.9 percent in the third quarter of 2022 on a yearly basis, official figures showed on Wednesday, the state-run Anadolu news...
Turkish central bank cuts rate for fourth consecutive month
Turkey's central bank said on Thursday it had cut its main policy rate for the fourth consecutive month despite high inflation, Agence France-Presse reported.On...
Turkish unemployment rate rises to 10.1 percent in September
Turkey's unemployment rate rose 0.3 percentage points month-on-month to 10.1 percent in September, while a seasonally adjusted measure of labor underutilization rose to 20.3...
[OPINION] Turkey becomes a haven for black money
Türkmen Terzi
An influx of suspicious money has helped the Turkish economy boost its foreign reserves, according to reports by Bloomberg and the Financial Times...
Turkey’s current account remains in deficit for 10th month: report
Turkey’s current account remained in deficit for a 10th consecutive month as the trade balance took a hit from a global rally in energy...
Turkey’s trade deficit jumps 160 percent in August: report
Turkey's foreign trade deficit surged 159.9 percent year-on-year to $11.19 billion in August, with imports rising 40.4 percent, Reuters reported, citing data from the...
Turkish factory activity contracts for sixth straight month in August: report
Activity in the Turkish manufacturing sector shrank for the sixth month running in August as demand contracted sharply, leading to a slowdown in output,...
Turkey’s economy grew 7.6 percent in Q2 driven by domestic demand, exports
Turkey's economy grew 7.6 percent year-on-year in the second quarter as expected, extending a hot streak on strong domestic demand and exports, according to...
İstanbul attracted highest monthly number of tourists in past decade in July
İstanbul attracted more than 1.7 million foreign tourists in July, the highest number of tourists visiting the city in a month in the past...
Turkey’s economy expanded 7.5 percent in Q2, seen slowing in H2: report
Turkey's economy expanded 7.5 percent annually in the second quarter of the year, a Reuters poll showed on Wednesday, while the full-year growth forecast...
Turkey stuns markets by cutting rate despite soaring inflation
Turkey's central bank on Thursday stunned the markets by lowering its main interest rate even as inflation soared to a 24-year high and looks...