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Erdoğan laying the groundwork for bringing back long-missing son-in-law

Cevheri Güven President Recep Tayyip Erdoğan has begun testing the waters to reintroduce to prominence his son-in-law Berat Albayrak, who stepped down as finance minister...

Turkey keeps main interest rate steady at 17 percent

Turkey's central bank on Thursday kept its main interest rate unchanged at 17 percent for the second month in a row to support a...

Complaints about public institutions in Turkey surged by 330 pct in 2020

The Turkish Ombudsman, which looks into complaints regarding the delivery of public services in the country, received more than 90,000 complaints in 2020, a...

Turkey’s foreign deficit grew by 69.1 pct in 2020: TurkStat

Turkey’s foreign trade deficit surged 69.1 percent in 2020, increasing from $29.5 billion to $49.9 billion according to the general trade system, another indicator...

The real portrait of Turkey’s economy

Turkey’s financial troubles have increased since the country was hit by the COVID-19 pandemic. Contrary to government declarations, a sudden surge in the number...

Turkish inflation higher than expected at 14.6 percent in December: report

Turkish annual inflation rose more than expected to 14.6 percent in December as food costs jumped, official data showed on Monday, keeping pressure on...

Turkey posts yet another current account deficit in October

Turkey’s current account remained in deficit for the 11th month in a row amid a deteriorating trade balance, Bloomberg reported. The gap in Turkey’s current-account...

Former finance minister slams Erdoğan over rate hike, demanding an explanation to the nation

A former economy minister lambasted Turkish President Recep Tayyip Erdoğan on Friday after the president described an aggressive repo rate hike by the central...

What kind of a bureaucrat is Turkey’s new central bank governor?

Turkish President Recep Tayyip Erdoğan on Saturday again replaced the governor of the central bank after a previous ousting only 16 months earlier, appointing...

Erdoğan appoints former minister to the helm of Turkish economy

Turkish President Recep Tayyip Erdoğan on Monday appointed former transport and development minister Lütfi Elvan to replace his son-in-law Berat Albayrak as the country’s...

Questions linger over possible reasons behind resignation of Turkey’s finance minister

Speculation is rampant in the media regarding the reasons for the unexpected resignation on Sunday of Turkish Finance Minister Berat Albayrak, who is also...

Erdoğan’s son-in-law steps down as finance minister, citing health reasons

Berat Albayrak, the son-in-law of Turkish President Recep Tayyip Erdoğan, has quit his job as the country’s finance minister, citing health reasons, according to...

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