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Economy is country’s biggest problem according to 35 percent of Turks: survey

A full 35.5 percent of the Turkish public thinks that Turkey’s recent economic deterioration is the most urgent problem facing the country, according to...

Majority of AKP voters think Turkey’s economy is in bad shape: survey

A public opinion survey released on Wednesday by İstanbul Economics Research has revealed that more than half of Turks who voted for the ruling...

Turkey’s unemployment rate rose to 11.4 percent in September

Turkish unemployment rose to 11.4 percent in September, the country’s statistics authority said on Monday, the Hürriyet Daily News reported. “The number of unemployed persons...

Fitch holds Turkey rating at BB, outlook negative

Ratings agency Fitch on Friday kept Turkey's credit rating at "BB" with a negative outlook. The Turkish economy is navigating out of a "sharp depreciation"...

Former PM says Turkey spent too much in the past, economy will improve in 3-5 months

Former Turkish Prime Minister Binali Yıldırım, who is now serving as parliament speaker, said on Friday that Turkey spent too much in the past...

Turkey 132nd most generous country in the world: Gallup

Turkey is the 132nd most generous country among 146 countries according to “The 2018 World’s Most Generous Countries Report” released on Wednesday by Gallup,...

Turkish economic growth fades to 1.6 pct in Q3 amid currency crisis

Turkish economic growth dwindled to 1.6 percent year-on-year in the third quarter, data showed on Monday, falling short of forecasts as a currency crisis...

S&P: Turkish banks’ bad loans may double in next 12-18 months

Rating agency S&P Global expects the number of bad loans on the books of Turkish banks to double over the next 12 to 18...

Turkish CEOs say they are pessimistic about future due to economic uncertainty

Chief executive officers of leading holdings in Turkey have expressed pessimism about the future of their companies due to uncertainty over the Turkish economy,...

Moody’s warns of sharp contraction in Turkey’s economy

Declines in the Turkish lira, one of this year’s worst performers globally, will translate into sharp economic contraction as growth decelerates across advanced and...

Turkey’s Wealth Fund started working with US firm McKinsey in 2017

A report sent to members of the Planning and Budget Commission of the Turkish Parliament reveals that Turkey’s sovereign Wealth Fund launched cooperation with...

Turkish central bank keeps main interest rate unchanged

The Turkish central bank on Thursday kept its main interest rate unchanged, in line with market expectations after an unexpectedly aggressive hike last month,...

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