Turkish economy

Israel still hesitant to rehab diplomatic relations with Turkey

Jerusalem seems unconvinced that Turkish President Recep Tayyip Erdogan sincerely wants to improve bilateral relations.

Israel

Turkish inflation hits two-decade high, inches toward 50%

With annual producer inflation reaching 93.5%, further price increases appear in store for Turkish consumers in February and March after consumer inflation sets a two-decade record in January.

Turkey

Independent Turkey economists face court action over inflation figures that challenge official data

ENAGrup is sued over calculations that put yearly price rises at 83% and told to halt work refuting state agency’s rate.

Turkey

Turkey’s central bank continues window dressing with currency swaps

Hit by a foreign reserves drain, Turkey’s central bank eyes fresh currency swap deals, including with the central banks of Azerbaijan, Turkmenistan, Uzbekistan and Libya.

Turkey

Pro-Erdogan business leaders anxious about Turkey's economy

The pro-government business association MUSIAD has stood behind Erdogan’s controversial economic policies but appears concerned that both borrowing costs and foreign exchange prices remain above the desired levels. 

Turkey

Inflation crisis hits Turkey's retirees hardest of all

According to economists and Turkish seniors' personal accounts, the elderly who suffered most during the COVID-19 pandemic are now being hardest hit by the economic slump.

Turkey

Turkish women decry high price of sanitary pads

Women activists call on the Turkish government for a tax reduction and other measures to lower the prices of menstrual products, which have grown forbiddingly expensive amid the country’s economic turmoil.

Turkey

The Takeaway: Iraq takes first steps toward new government: What comes next

Updates from our regional correspondents on Turkey, Kazakhstan and Saudi Arabia, Oman, and Egypt; multimedia on Israel and Iran — all in about 1,000 words.

Iraq

Kazakhstan crisis challenges Turkey's leadership of Turkic union 

The unrest rattling Kazakhstan has reflected the irrelevance of Turkey and the Organization of Turkic States chaired by President Recep Tayyip Erdogan.

Turkey

Turkey’s middle class put on austerity footing amid skyrocketing prices

Staggering price increases are forcing Turkey’s middle class to cut on spending in myriad fields, from shopping and transport to dining and travel.

Turkey

Erdogan hopes fence-mending trip to Saudi Arabia eases financial woes

Following normalization with the UAE in November, Erdogan plans to pursue reconciliation with Saudi Arabia next month, pressed by financial woes at home, as both sides appear ready to leave the Khashoggi affair behind.

Turkey

Turkey’s opposition faces Erdogan’s ire as economic crisis muddles election timetable

Opposition parties are under growing pressure as Turkey waits to see if Recep Tayyip Erdogan will call early elections despite skyrocketing prices.

Turkey