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Central bank: Turkish lira will be valued at 5.64 to the US dollar at yearend

Turkey’s central bank released an expectation poll for the month of November that it conducted on 70 finance experts, executives and professionals in which...

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...

Turkish inflation hits 25.2 percent in October, highest in 15 years

Annual inflation in Turkey surged to 25.2 percent in October, hitting its highest in 15 years and underscoring the impact on the wider economy...

Turkey to cut taxes in several sectors to tackle inflation: minister

Turkey will cut taxes in several sectors including automotives, white goods and furniture and will continue to take measures to bring down inflation, Finance...

Turkey to introduce tighter controls, fines for steep price hikes

The Turkish Interior Ministry on Thursday ordered governors across the country to impose tighter controls and fines on those imposing steep price hikes due...

Salaries for new presidential agencies put extra burden on Turkey’s budget

Members of nine newly established presidential agencies who will work with President Recep Tayyip Erdoğan will each be paid a monthly salary of TL...

Turkey’s private sector to reduce prices 10 percent to fight inflation: minister

Turkey’s government has agreed with the private sector for an across-the-board 10 percent discount in goods, Finance and Treasury Minister Berat Albayrak said on...

Turkish Trade Ministry seeks defense from 114 companies over price hikes

The Turkish Trade Ministry said on Monday it had asked 114 companies for their defense of what it described as excessive price hikes as...

Erdoğan says Turkey will never seek assistance from IMF

President Recep Tayyip Erdoğan said on Sunday Turkey was not facing any worrying economic problems and would not seek assistance from the International Monetary...

Turkey struggles to keep bread prices steady amid currency crisis

Turkey has been attempting to keep the price of bread steady amid an ongoing currency crisis. Earlier this week the Trade Ministry rejected a price...

‘We’ve left the worst behind,’ says Turkish finance minister as inflation hits record 24.52 pct

Berat Albayrak, Turkey's treasury and finance minister and son-in-law of President Recep Tayyip Erdoğan, on Wednesday said the country has left the worst behind...

Turkish manufacturing slides to 9-year low, indicating deep recession on the way

Turkish manufacturing activity slid to its lowest level in nine years in September, a business survey showed on Monday, in what economists said was...

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