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Turkish unemployment unchanged at 11.2 percent in November: TurkStat

Turkey's unemployment rate stood at 11.2 percent in November, unchanged from a month earlier, while a seasonally adjusted measure of labor underutilization fell 0.7...

The costs of Erdoğan’s fight for Turkey’s ‘economic independence’

Turkey's consumer prices have soared by the highest rate since 2002, further undermining President Recep Tayyip Erdoğan 's unorthodox battle for his developing country's...

Turks’ confidence in AKP economic policies declined in 2021: poll

More than 75 percent of Turks have said their confidence in the ruling Justice and Development Party (AKP)’s economic policies has decreased over the...

Economic confidence in Turkey drops to lowest level in 7 months

Turkey’s economic confidence index tumbled 1.8 percent month-on-month in December to 97.6 points, the lowest figure since May, data from the Turkish Statistical Institute...

Turkey’s finance minister says ‘Look into my eyes’ for data on new economic plan

Turkey’s Treasury and Finance Minister Nureddin Nebati has been ridiculed on social media for asking a reporter to look into his eyes and tell...

Erdoğan replaces 2 finance officials ahead of CB’s rate decision

Turkish President Recep Tayyip Erdoğan has replaced two deputy finance ministers as part of his latest policymaker reshuffle ahead of today's interest rate decision...

Turkish lira collapse piles misery on northern Syria

Mohammed al-Debek, a schoolteacher in northern Syria, is on strike: the currency devaluation in neighboring Turkey has slashed the value of his salary by...

New finance minister sparks debate about his credentials to steer Turkish economy

The overnight appointment of Nureddin Nebati, who does not have a degree in economics, as Turkey’s new finance minister has prompted discussions about his...

[OPINION] Turkey’s dollar-rich ruling elites profit as lira plummets

Türkmen Terzi The Turkish lira plummeted to a record low on Tuesday, losing 15 percent of its value and exceeding 13 to the US dollar,...

Jailed Kurdish leader urges opposition to call on AKP to resign over lira crisis

Imprisoned Kurdish politician Selahattin Demirtaş has urged Turkey’s opposition leaders to jointly call on the ruling Justice and Development Party (AKP) to resign over...

Erdoğan’s remarks defending CB’s policy rate send lira to historic low

The beleaguered Turkish lira weakened to a record low on Tuesday, losing 13 percent against the US dollar after President Recep Tayyip Erdoğan defended...

Opposition urges Erdoğan to hold snap election amid worsening economy

Leaders of the main opposition Republican People’s Party (CHP) and its ally, the nationalist İYİ (Good) Party, have called on President Recep Tayyip Erdoğan...

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