An
increase in the special consumption tax introduced by Turkey’s government in
July has caused taxation on cigarettes to jump to 87 percent, higher than the
same...
Turkey's inflation rose a bit less than expected to
16.65 percent in July after tax cuts on some goods expired, briefly disrupting
a downward trend that...
Turkey will see a downward trend in interest rates in
the coming days, the country's finance and treasury minister said on Tuesday,
according to the Hürriyet...
Turkish President Recep Tayyip Erdoğan sacked the
governor of the central bank on Saturday as differences between them deepened
over the timing of interest rate cuts...
The Trump administration is
weighing three sanctions packages to punish Turkey over its purchases of the
Russian S-400 missile-defense system, according to people familiar with the
matter,...
A Turkish court accepted an
indictment from a prosecutor requesting a jail term of between two and five
years for two Bloomberg reporters and 36 other...
Treasury and Finance Minister Berat Albayrak on
Thursday claimed that Turkey’s inflation would drop to single digits in three
months’ time and that interest rates would...
Turkey’s lira is fundamentally undervalued and will
continue to support the country’s export sector, S&P Global Ratings said on
Thursday, Reuters reported.
Speaking about possible drivers of...
The Turkish economy
contracted 2.6 percent year-on-year in the first quarter, in line with
expectations, as the official data reinforced the country’s slide into
recession after last...
Turkey’s foreign exchange reserves have fallen to a
fresh 2019 low once short term borrowing is stripped out, new data showed on
Thursday, as Moody’s issued...
According
to a new presidential decree published in the Official Gazette on Wednesday,
the Turkish government is poised to collect tax on foreign exchange
transactions, the Artı...
