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 Central Bank raises inflation forecast yet again Turkey's central bank governor has raised the inflation estimate for the fourth time in a year as prices hit a 24-year high. Turkey
Can Erdogan pull up his sagging support? Unlike previous polls that suggest steady decrease for Erdogan and his ruling party, a recent poll shows the tide may have been turned. Turkey
Turkey’s Central Bank ducks soaring inflation to cut rates again Despite the highest inflation in 24 years, Turkey’s Central Bank has made its third interest cut ahead of elections next June. Turkey
Erdogan’s staunchest backers 'tired' of interest rate debate The Turkish president’s controversial economic policies have led to rare public criticism by a business group that has long backed his party. Turkey
Turkish inflation passes 83% as Erdogan eyes further rate cuts Despite a galloping inflation topping 83%, Turkish President Recep Tayyip Erdogan has doubled down on his controversial monetary policy, urging the central bank to cut its policy rate to single digits by the year-end. Turkey
Erdogan initiates economic gestures ahead of Turkey's critical elections Turkey’s president has stepped up economic pledges to the electorate ahead of next year’s polls, which loom as the toughest test of his two-decade rule. Turkey
Halt of Mir use deals blow to rising Putin-Erdogan cooperation The specter of Western sanctions could curb other economic activities between Turkey and Russia as the surging bilateral trade comes under growing scrutiny. Turkey
Erdogan looks to Putin to ease foreign currency woes An extraordinary uptick in capital flows of unknown origin to Turkey has left many wondering whether Russian money could be involved. Turkey
Despite ‘crypto winter,’ digital currency use remains high in Turkey Crypto is down, but not out for dedicated traders, particularly in high inflation markets like Turkey, where digital tokens continue to draw users looking to earn, save and transfer hard currencies. Turkey
Turkey’s inflation tops 80% as poverty deepens Even though Turkey’s economy continued to expand in the second quarter, the share of payments to employees dropped to the lowest level since Erdogan’s party came to power two decades ago. Turkey
Turkey’s 'covert' interest payments on course to exceed regular ones The cost of state safeguards in a deposit scheme meant to curb dollarization in Turkey has ballooned to alarming levels as the Turkish lira continues to tumble. Turkey
Analysis Turkey’s economic crisis coincides with new diplomatic initiatives Finding solutions: Turkey and the UN are pursuing diplomacy to end Ukraine war while Ankara is considering rapprochement with Syria and mending ties with Israel. By Week in Review
