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Turkey increases minimum wage by 50 percent for 2022 amid lira crash

Turkey’s minimum wage will rise 50 percent next year to help offset increased living costs, President Recep Tayyip Erdoğan said Thursday, Bloomberg reported. The monthly...

Lira plunges as Turkey cuts interest rate again

The Turkish lira on Thursday hit fresh lows after the central bank fired the latest salvo in President Recep Tayyip Erdoğan's "economic war of...

Turkish lira slides ahead of likely interest rate cut

The Turkish lira on Wednesday extended its historic slide on the eve of a meeting at which the central bank was expected to lower...

Annual Turkish inflation surges to 21.31 percent in November: official data

Turkey's annual inflation rate jumped over 20 percent in November, official data showed Friday, after a currency crisis last month when the Turkish lira...

Opposition leader asks supermarkets not to raise prices of essential foods in winter

The leader of Turkey’s main opposition Republican People’s Party (CHP) has urged the management of supermarkets not to increase basic food prices in winter...

Erdoğan defends ‘risky but correct’ economic policy

Turkish President Recep Tayyip Erdoğan defended Wednesday his "risky but correct" economic policy of low interest rates as the central bank intervened in markets...

Erdoğan sticks to his guns on inflation as lira tumbles

Turkish President Recep Tayyip Erdoğan on Tuesday again rejected the idea of raising interest rates to shore up the nation's currency, which has slumped...

Turkish lira hits record low as Erdoğan vows to fight high interest rates

The Turkish lira hit a record low of 10.63 to the US dollar with the expectation of an interest rate reduction after President Recep...

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...

Erdoğan says Turkey to record double-digit growth this year

Turkey's economy is expected to record double-digit growth in 2021, President Tayyip Erdoğan said on Thursday, higher than a previous government forecast of 9...

Turkish inflation climbs to near 20 percent amid interest rate cuts

Turkey's annual inflation rate rose to its highest in more than 2-1/2 years in October, data showed on Wednesday, as the central bank, under...

Erdoğan says shelves in US, Europe empty while Turkey enjoys abundance

Despite the rising cost of living and increasing prices in Turkey, President Recep Tayyip Erdoğan has said Turkey has been enjoying an abundance of...

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