New German government to decide on Eurofighter sale to Turkey: Officials Germany’s outgoing government will leave the Eurofighter sale decision to incoming Chancellor Friedrich Merz, official German sources suggested to Al-Monitor. Turkey
Turkey’s Simsek tours US for IMF, WB summits, Treasury Secretary meeting Turkey’s finance czar is starting his trip in New York before heading to Washington for talks on economic cooperation and global financial issues. Turkey
Turkey hikes interest rate to 46% amid turmoil over Imamoglu’s arrest The rate hike marks the first since March 2024, amid growing economic turmoil following the arrest of Istanbul Mayor Ekrem Imamoglu. Turkey
Turkey's budget deficit narrows to $6.8B in March as lira fluctuates The data was released as Turkey has been facing economic turmoil and currency volatility. Turkey
Inside Turkey's three dimensions for changing tune on Sweden's NATO bid Turkey’s surprise decision on the Swedish NATO bid seems to be underpinned by considerations on defense and economic areas. Turkey
Turkey's Erdogan anticipates 'serious investments' from Gulf ahead of visit Ahead of Turkish President Recep Tayyip Erdogan’s Gulf tour which will include Saudi Arabia, the UAE and Qatar, Ankara is working to maximize economic cooperation with regional states in a bid to ease its foreign currency crunch. Turkey
Bahrain, Turkey are Middle East's biggest eaters: Oxford rankings Bahrain and Turkey are listed among the top eaters globally, while daily calorie consumption in war-ridden Yemen stands behind the recommended level. Turkey
Turkey's finance, banking chiefs to visit Saudi Arabia in search of foreign funds The Saudi visit of Finance Minister Mehmet Simsek and Central Bank Governor Gaye Erkan is expected to be followed by the Turkish President's Gulf tour. Turkey
Turkey raises taxes up to 20% on basic goods as deficit, inflation linger The move follows changes to Turkey’s monetary policy and a new cabinet following President Recep Tayyip Erdogan’s reelection. Turkey
Turkey’s smaller-than-expected rate hike comes as relief for banks Turkey’s new economic chiefs are scrambling to navigate a return to rational policies as the lira continues to tumble, threatening to stoke inflation. Turkey
Turkey hikes interest rates by 6.5 percentage points to 15% The move by the central bank marks a dramatic departure from President Erdogan's yearslong policy of low rates. Turkey
Russia, Iran, Ukraine nationals top Turkey's real estate market for foreigners Official data shows the number of foreign real-estate buyers has increased in May from the previous month. Turkey
EU grants protection status to Turkey's Caglayancerit walnut The move will increase the market potential of Turkish walnuts that are produced in the country's southeast, which is still reeling from the nation's worst disaster. Turkey
Analysis Turkey eases forex controls, rate hikes next as Simsek takes charge Turkey’s Central Bank is expected to start hiking rates under a new economic leadership that many see as a signal that Erdogan will step back from his unorthodox policies. By Mustafa Sonmez In Istanbul, reporting on economics
Turkey names Gaye Erkan as first female Central Bank governor The choice of the US-based banking and finance executive, along with Mehmet Simsek as new finance and treasury minister, is aiming at reassuring international markets. Turkey
Turkey’s plunging lira could herald economic turnaround The Turkish lira’s record low could signal a return to the free market and all eyes are on the central bank’s monetary policy meeting on June 22. Turkey
