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Turkey’s troubled lira accelerates record slide

The Turkish lira suffered one of its biggest falls of the year on Tuesday and hit new historic lows to cement its status as...

We wrote the book on economy, Erdoğan says, amid economic woes

Turkish President Recep Tayyip Erdoğan slammed opposition criticism of his ruling party’s management of the economy, saying they wrote the book on economy and...

Spain’s BBVA seeks full ownership of Turkish lender Garanti

Spain's second-largest bank BBVA said Monday it has launched a bid to take full control of Turkish lender Garanti, issuing a vote of confidence...

Turkish lira hits new depths near 10 to the dollar

The Turkish lira continued its dive into uncharted territory on Thursday, touching a new low of 9.975 to the dollar after a jump in...

Erdoğan aide denies claims about resignation of finance minister

Fahrettin Altun, communications director for Turkish President Recep Tayyip Erdoğan, has denied media reports suggesting that the country’s finance minister has submitted his resignation...

Turkish July inflation climbs to near policy rate level of 19 percent

Turkish annual inflation hit a fresh two-year high of 18.95 percent in July, official data showed on Tuesday, above a poll forecast of 18.5...

Turkish unemployment dips to 13.2 percent in May

Turkey's unemployment rate dropped 0.6 percentage points to 13.2 percent in May, while a seasonally adjusted measure of labor underutilization slipped from a month...

Number of people living in poverty in Turkey rises to 18 mln: TurkStat

The number of people in Turkey who are officially recognized as living in poverty rose to 17,921,000 in 2020, a 714,000 increase over 2019,...

Guests or enemies? Syrian refugees in Turkey after 10 years

Alin Ozinian The Syrian civil war has brought the largest world refugee and displacement crisis of our time, with extensive deaths, displacement and destruction. The...

Turkey sacks central bank governor after interest rate hike

Turkey fired the governor of its central bank and replaced him with economist and former ruling party lawmaker Şahap Kavcıoğlu, according to a presidential...

People who say Turkey’s economy worsened under AKP rule ‘ungrateful,’ pro-gov’t columnist says

Ali İhsan Karahasanoğlu, editor-in-chief of the pro-government radical Islamist Yeni Akit newspaper, has argued in a column that Turkey’s economy is in better shape...

Halkbank case in US court could trigger an economic crisis like 2001: report

Turkey could plunge into an economic crisis like one that occurred in 2001 if a United States court rules that Turkish state lender Halkbank...

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