Turkish economy

Turkish lira sinks further with Erdogan’s latest rate cut

Ankara’s controversial economic policy coupled with external forces portend a continuing deprecation of the Turkish lira that will only worsen inflation and other economic parameters.

Turkey

Turkish lira tumbles ahead of key decision on rate cuts, wages

As Turkey’s battered lira pushes to new lows against the dollar, all eyes turn to Thursday’s central bank meeting and critical talks on the minimum wage.

Turkey

Car ownership drifts beyond reach of millions of Turks

Turkey’s currency crisis coupled with exorbitant taxes levied on cars has dealt an enormous blow to the domestic automotive market.

Turkey

Turkey's good relations with Qatar may not be enough for Erdogan

Erdogan’s Qatar visit failed to produce agreements that could help the ailing Turkish economy, but he wants to maintain Turkey’s partnership with Qatar, including military ties, while making efforts to reconcile with Gulf rivals.

Turkey

Erdogan says Turkey seeks to clear up 'misunderstandings' with Gulf states

President Recep Tayyip Erdogan made the remarks ahead of a two-day visit to Qatar.

Turkey

Turkish opposition leader barred from data center as mistrust in data grows

Turkey’s official inflation figures have fueled tensions between the government and the opposition amid growing doubts over the credibility of the data.

Turkey

Erdogan appoints champion of low interest rates as new finance minister

Nureddin Nebati, who has fiercely defended the president’s low rate policies, has replaced Lutfi Elvan as Turkey's finance minister.

Turkey

Turkish Central Bank intervenes to curb 'unhealthy' lira losses

Amid a sharp slide in the nation’s currency, the Turkish Central Bank announced it would intervene in markets and sell foreign exchange reserves Wednesday to stem volatility in the Turkish lira.

Turkey

The Takeaway: Israel’s military threats shadow Iran nuclear talks

Erdogan digs in on lira; Egypt, Ethiopia tensions rise again over Nile Dam; Assassins "carefully planned" attack on Iraqi PM; Iraqi Shiite scholars ponder post-Sistani era; Children become breadwinners in besieged Idlib; The return of Mohammed Ali Pasha’s palace … all in less than 1,200 words.

Israel

Turkey’s economy grows in third quarter, but so do risks 

Turkey has posted a 7.4% growth rate in the third quarter but continues to accumulate economic risks that threaten to sharply stem growth next year.

Turkey

Erdogan doubles down on economic policy amid currency volatility

Turkish President Recep Tayyip Erdogan reiterated his stance against interest rate hikes Monday, sending the Turkish lira down 4% as the nation’s economy faces high inflation.

Turkey

Deteriorating Turkish lira hurts residents in Syria's Idlib

The depreciation of the Turkish lira against the US dollar has resulted in worsening living conditions in Idlib and increased the people’s resentment against Hayat Tahrir al-Sham and the Salvation Government, which they hold primarily responsible for the economic crisis.

Syria