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
Money inflows of unknown origin headed for record in Turkey As Turkey’s current account deficit continues to widen in the coming months, foreign currency inflows of unknown origin might end up covering more than 70% of the gap. Turkey
Turkey’s current account gap widens, with no respite in sight for the lira The Turkish lira is likely to tumble further in the coming months as the country’s current account gap threatens to grow beyond $40 billion by the end of the year. Turkey
Russia offers Erdogan economic lifeline Gas payments in rubles will help Turkey reduce its foreign-currency demand. Turkey
Turkey’s inflation hits almost 80% as Erdogan insists on low-rate policy Despite a relative slowdown in July, Turkey’s consumer inflation appears on course to overshoot the central bank’s newly revised year-end forecast of 60.4%. Turkey
Turkey, Russia gas ties grow contentious amid Ukraine war Russian gas giant Gazprom’s sudden “maintenance" shutdown of a major pipeline carrying gas to Turkey coincided with the talks over Finland's and Sweden’s NATO membership bids. Turkey
Praise for Erdogan's mediation in Ukraine grain deal has its limits The UN-Turkish mediation with Russia and Ukraine may not give the Turkish president the expected diplomatic boost at home. Turkey
Abandoned Ankara theme park subject of lawsuits, political controversy The opposition mayor says the Wonderland Eurasia theme park, or Ankapark, cost $801 million as he files criminal complaint. Turkey
How realistic are Ankara’s hopes of trading in Turkish liras? While the Turkish lira continues to tumble, Turkey’s currency swaps with China and other countries have failed to live up to their stated objective of boosting trade in local currencies, official data show. Turkey
Erdogan woos Turkish youth by canceling interest on student loans The president’s move, first suggested by the opposition, follows protests by thousands of students over the exorbitant interest on student loans. Turkey
Turkey’s economy stands to suffer from euro’s downturn The ramifications of the euro’s slide threaten to further stoke Turkey’s currency woes and soaring inflation. Turkey
Turkey looks to import gas from Turkmenistan, test exports to Bulgaria Turkey and Turkmenistan are working on a gas deal that will likely extend to Europe in a bid to reduce Western dependency on Russian gas. Turkey
Turkey’s runaway inflation soars to near 79% The Turkish government’s continued failure to stabilize the battered lira raises the prospect of inflation topping 100% in the fall. Turkey
