Turkish economy

After having briefly rallied, the Turkish lira has lost value again and tumbled to 4.74 against the U.S. dollar after less than a day Central Bank raised a key lending rate by 300 basis…

Turkish lira bounced back from historic low 4.90 to 4.55 against the U.S. dollar after the Central Bank raised benchmark lending rate from 13,5% to 16,5% following an emergency meeting on…

A week after President Recep Tayyip Erdogan’s three-day visit to London to lure international investors, the Turkish economy shows signs of serious trouble, with its bonds sinking, and a…

Last month or so, Turkey’s Central Bank saw its net international reserves dropped %20. The lira was in a freefall against the dollar, and nobody is sure when it would recover its strength…

The high inflation remains to be a headache for Turkish authorities in Ankara despite a slight ease in December, a decline from record-high to 12 percent. Inflation in Turkey eased…

Turkish economy saw a stunning, eye-catching 11 percent growth in the third quarter of this year, surpassing even the most optimist forecasts. For President Recep Tayyip Erdogan, it was…

Amid signs of brewing crisis, Turkey's economy has proved to be resilient and defied forecasts by international observers. The Turkish economy grew by an eye-catching 11.1 percent in the…

In a rare act of turnaround, President Recep Tayyip Erdogan retracted his threats against businessmen over moving assets out of the country and said Turkey is an open market economy with no…

President Recep Tayyip Erdogan castigated some of the Turkish businessmen as "traitors" for attempting to move their assets out of Turkey amid looming signs of a potential economic crisis.…

Headlines Hurriyet Great Suspicion Turkish officials believe that Ilhami Bali and Mustafa Dokumaci who planned and organized many bloody attacks in Turkey were among those Islamic State…