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Lira gaining value would slow industry, raise unemployment: Turkey’s finance minister

Turkey’s Treasury and Finance Minister Nureddin Nebati has said that if the Turkish lira gains in value against the US dollar, it would slow...
National

Social media celebrity detained for throwing Turkish lira into a toilet in video

Mika Can Raun, a social media celebrity, was detained after releasing a video on Instagram in which she flushes TL 100 ($5.37) down the...
Business

Turkey’s inflation hits new 24-year high at 80.2 percent

Turkey's annual inflation climbed to a fresh 24-year high of 80.21 percent in August, a bit below expectations according to official data, after the...
Business

Turkish factory activity contracts for sixth straight month in August: report

Activity in the Turkish manufacturing sector shrank for the sixth month running in August as demand contracted sharply, leading to a slowdown in output,...
Business

Turkish budget swings to deficit in June on increased spending

Turkey’s central government budget swung to a deficit in June on the back of increased spending on current transfers and personnel wages, Bloomberg reported. The...
Business

Turkey’s troubled lira rallies on ‘backdoor capital controls’

Turkey's beleaguered lira extended its biggest rally of the year on Monday in response to a new rule that effectively forces many banks to...
Business

Turkey keeps interest rates unchanged despite lira, inflation risks

Turkey’s central bank left interest rates unchanged for a fifth month, extending a pause that is coming at a steep cost for the lira,...
Business

Turkish court acquits Bloomberg journalists over article on lira fall

A Turkish court on Friday acquitted two Bloomberg reporters of trying to sabotage the economy with an article about the currency crisis of 2018,...
Business

Turkish inflation hits fresh record at 61.1 percent

Turkey's inflation hit a new record in March, official data showed Monday, driven up by the fallout from Russia's invasion of Ukraine and soaring...
Business

‘Lira at lowest level, can’t decline further,’ Turkey’s finance minister assures citizens

In an attempt to assure holders of lira deposits that there’s no reason for them to switch to foreign currencies, Turkey’s Treasury and Finance...
Business

Turkish lira declines to weakest since December over Ukraine concerns

The Turkish lira declined for a seventh straight day on Wednesday, bringing its losses to more than 5 percent since Russia launched its attack...
Headline

Inflation hits women the hardest in male-dominated Turkey

Battered by soaring food prices, inflation and a plunging currency, Sümeyye Alayumat is among millions of Turkish women battling poverty in addition to inequality...
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