Turkish economy

Turkish grocers pull peppers, eggplants after Erdogan warns of price 'treason'

The Turkish leader is pressuring retailers to drop their prices to tame inflation, singling out grocers for high prices on some of the country’s staple foods.

Turkey

Economic woes set to seal fate of Turkey’s local polls

Public opinion polls show that economic problems have climbed to the top of the Turkish public’s concerns and electoral support for the ruling party is on the decline ahead of municipal elections in March.

Turkey

Turkey’s metal, building industries in coma

Declining production in key industrial sectors is seen as an omen that the worst of Turkey’s economic crisis might still be to come.

Turkey

Why some Turkish media rejoice at negative economic data

Glossing over unpleasant economic news has become a notable trend in the Turkish media as the country heads to local elections in the grips of economic woes.

Turkey

Turkey’s youth unemployment reaches frightening level

Youth unemployment in Turkey has hit 21.6%, according to official figures, but beyond the formal definitions and methodologies, the actual situation on the ground is even more alarming.

Turkey

How real are Erdogan’s ‘second Gezi’ worries?

Turkey’s president and his far-right ally have come to issue harsh warnings against opposition protests, but in the absence of any sign that such protests could erupt, their real aim appears to be to nourish polarization.

Turkey

Will China buy Turkey on the cheap?

Some argue China may “swallow” Turkey through acquisitions, given China’s growing interest in the region and Turkey’s economic crisis, which has cheapened its assets and left it in dire need of external funds. But the realities on the ground speak otherwise.

Turkey

Ankara's efforts to help banks could backfire

The Turkish government's moves to shield public banks against economic woes could discredit its monetary policy and further scare off foreign investors.

Turkey

Economists unmoved by pause in Turkish lira's plummet

Though the latest news about Turkey's currency is good, economists still believe Turkey could well be sailing into recession, while at the G-20 summit, the Turkish president is frustrated by how little is being made of the Jamal Khashoggi murder case.

Saudi Arabia

Turkey’s first 'communist' grocery chain goes global

Led by Turkey’s first and only communist mayor, the small town of Ovacik boasts a flourishing farming cooperative whose organic products have taken customers across the country by storm.

Turkey

Turkey's Finance Ministry, Moody's have opposite views on economy's direction

Moody's sees the Turkish economy as likely in recession, while Erdogan's son-in-law says positive results are on their way.

Turkey

Turkey's skyrocketing food prices show no sign of slowing

Ill-advised policies over the decades have reduced Turkey to a net food importer despite its significant agricultural potential, fueling a dramatic increase in food prices that deals the hardest blows to the poorest citizens.

Turkey