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Turkey economy grew 7.4 percent in Q3, boosted by demand and exports

Turkey's economy grew 7.4 percent year-on-year in the third quarter, meeting expectations on the strength of retail demand, manufacturing and exports, official data showed...

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...

Turkey’s economy grew by 7 percent in first quarter of 2021

Turkey's economy grew a more-than-expected 7 percent year-on-year in the first quarter, official data showed on Monday as pandemic restrictions did not temper hot...

Turkey’s external debt hits record high of 62.8 pct of GDP in 2020

Turkey's external gross debt stocks, which amounted to $450 billion at end-2020, climbed to a record 62.8 percent of gross domestic product (GDP) at...

Turkish economy grows 6.7 percent in third quarter after initial virus wave

Turkey’s economy roared to a more-than-expected 6.7 percent growth rate in the third quarter, as a flood of credit helped it rebound from a...

Turkey’s new economy team fails to halt demand for US dollars

Turhan Bozkurt The Turkish economy team has backed down on its opposition to high interest rates, and the central bank hiked rates last week....

Erdoğan announces Turkey’s largest gas reserve discovery in Black Sea

Turkey announced its biggest-ever natural gas discovery on Friday, a 320 billion cubic meter Black Sea field which President Recep Tayyip Erdoğan said was...

Turkey finds significant amount of natural gas in Black Sea: report

Turkey has found significant gas resources in the Black Sea, two Turkish sources told Reuters, a discovery that could help the country cut its...

Turkish economy expected to contract this year, rebound next: Reuters poll

Turkey’s economy is expected to contract this year for the first time in more than a decade as the coronavirus pandemic and related restrictions...

Fitch lowers Turkey’s economic growth forecast for second time in 2 months: report

Fitch lowered its economic growth forecast for Turkey for the second time in two months, citing the collapse in the tourism industry, the Ahval...

Turkey to extend coronavirus wage support for 1 more month: Erdoğan

Turkey will extend a wage support system for one month to continue offsetting fallout from the coronavirus pandemic and related lockdowns, President Recep Tayyip...

Turkish companies start using yuan funding after Chinese swap deal: report

Turkey's central bank said Turkish companies last week used Chinese yuan funding for the first time under a swap agreement signed with the People’s...

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