India wages economic war on Turkey for supporting Pakistan in Kashmir Turkish business interests are taking a hit as India retaliates against Ankara’s backing of Pakistan on Kashmir. Turkey
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 medicine shortages could turn into 'drug famine' with no end in sight In all Turkish pharmacies Al-Monitor visited recently, the drug shortage was palpable. Children's medicines, antibiotics, some cancer drugs top Turkey's long-unavailable drug list. Turkey
Turkey’s defense exports reach record levels in 2022, Erdogan says Turkey’s president is touting the country's defense exports, which have reached a record high. Turkey
Turkey airs rare public criticism of China's treatment of Uyghurs Turkey is openly criticizing China's treatment of the Uyghur minority as more tension emerges between Huawei and its Turkish partner telecom operator Turkcell. Turkey
2022 in review: Turkey wraps up year of regional resets but more whiplash ahead As 2022 forced the Turkish government to reverse course with regional powers, this election year is expected to usher in even more change in Turkey’s foreign policy. Turkey
Turkey’s economic growth loses steam as elections near President Recep Tayyip Erdogan has persistently prioritized economic growth but might face the risk of stagnation ahead of Turkey's crucial elections next year. Turkey
World Bank says debt increasing in Middle East countries Egypt, Iran and Turkey’s debt rose significantly last year. Gulf
Senior Turkish retail executive forced out after criticizing government economic policy The chief operator of Turkey’s largest discount chain resigned from a retail association post after threats from Erdogan's ally Nationalist Movement Party. Turkey
As Turkey’s inflation slows in November, all eyes now on pay hikes Despite the fall in the annual inflation rate, Turkish consumers are likely to face monthly price increases averaging 3% to 4% in 2023. Turkey
Turkish government banks on Gulf financial support to save economy As crucial elections near, Ankara pins hope on financial support from “friendly” countries to ease its foreign currency shortfall and rein in inflation. Turkey
Deepening poverty fuels mass school dropout in Turkey Children are dropping out of school at unprecedented rates in Turkey, activists warn, as the social toll of the country’s economic turmoil deepens. Turkey
Turkish exporters, tourism sector cut prices Amid the dramatic slump of the lira, Turkish exporters have sold goods at lower prices, while the country’s imports, chief among them energy, have grown more expensive, official data show. Turkey
Turkish inflation hits 85.5% as doubts linger over official data Alternative surveys put Turkey’s inflation rate well above the official figure, nourishing suspicions that the statistics agency is tweaking market realities under government pressure. Turkey
