Turkey Unveils Reform Package to Revive Growth
Turkey's government on Wednesday said it would increase support for state banks, bring in measures to curb inflation and overhaul taxes as part of reforms aimed at tackling an economic…
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Berat Albayrak
Turkey Tumbles into Recession as Polls Loom
Turkey's economy fell into its first recession in a decade, official data showed on Monday, just weeks before President Recep Tayyip Erdogan's government faces local elections when growth…
Turkey Inflation Drops from 15-year High
Inflation in Turkey fell back last month after hitting a 15-year high in October, official statistics showed Monday, increasing the likelihood of an interest rate cut in the months ahead.
Central Bank, Public Banks Come Under Authority of Erdogan’s Son-in-Law
In a new controversial decree, Central Bank and other public banks have come under the direct authority of President Recep Tayyip Erdogan's son-in-law Berat Albayrak who now leads the newly…
Turkey’s Currency Tumbles, With Nearing to 5 Lira Against Dollar
Turkey's embattled lira slumped almost five percent to new record lows in value against the U.S. dollar on Wednesday after concern over President Recep Tayyip Erdogan's new cabinet and his…
Zarrab: Erdogan’s Son-In-Law Demanded Revival of Iran Gold Trade
Turkish-Iranian gold trader Reza Zarrab whose cross-examination at a high-profile U.S. case in New York City ended this week said Berat Albayrak, the son-in-law of President Recep Tayyip…