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Turkish unemployment falls to 10.9 percent in May

Turkey's unemployment rate dropped 0.3 percentage points month-on-month to 10.9 percent in May, while a seasonally adjusted measure of labor underutilization rose 0.8 points...

Turkey’s troubled lira rallies on ‘backdoor capital controls’

Turkey's beleaguered lira extended its biggest rally of the year on Monday in response to a new rule that effectively forces many banks to...

Erdoğan seeks 40.4 percent rise in pay for himself

As Turkey’s wage earners find it increasingly difficult to make ends meet amid the country’s economic woes, President Recep Tayyip Erdoğan is seeking a...

Turkey’s inflation soars to nearly 70 percent in April

Turkey's official inflation rate rose to nearly 70 percent in April, data showed on Thursday, posing a huge challenge to President Recep Tayyip Erdoğan,...

Turkish inflation hits fresh record at 61.1 percent

Turkey's inflation hit a new record in March, official data showed Monday, driven up by the fallout from Russia's invasion of Ukraine and soaring...

New hikes in food, utility prices further cripple Turks’ purchasing power

A staggeringly high cost of living has become the new normal in Turkey, where recent increases in food and utility prices are raising the...

‘Lira at lowest level, can’t decline further,’ Turkey’s finance minister assures citizens

In an attempt to assure holders of lira deposits that there’s no reason for them to switch to foreign currencies, Turkey’s Treasury and Finance...

Erdoğan’s son-in-law writes book on economy amid claims of poor performance as minister

Berat Albayrak, Turkey’s former finance minister and son-in-law of President Recep Tayyip Erdoğan, has written on a book on economy and energy that will...

Turkey’s economy grew 11 percent in 2021: official data

Turkey's economy grew a powerful 11 percent in 2021 as expected, according to official data on Monday showing it bounced back strongly from the...

Turkey’s unemployment dips to 11.2 percent in December, underutilization rises

Turkey's unemployment rate fell 0.1 percentage point to 11.2 percent in December, while a seasonally adjusted measure of labor underutilization rose 0.5 percentage points...

Turkey’s finance minister courts investors in London, promises stable lira: report

Turkey expects the lira to remain around its current level after suffering a 44 percent slump against the dollar last year, Finance Minister Nureddin...

Turkey’s current account swung to $2.68 billion deficit in November

Turkey's current account recorded a deficit of $2.68 billion in November as expected, official data showed on Tuesday, flipping into the red after three...

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