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 budget deficit narrows to $6.8B in March as lira fluctuates The data was released as Turkey has been facing economic turmoil and currency volatility. Turkey
Turkey's Simsek says economy will ride out Trump tariffs without lasting scars Mehmet Simsek stressed that his government’s economic program has made the economy more resilient against internal and external shocks, highlighting that inflation has fallen and continues to drop. Turkey
Top US senator: No F-35 jets for Turkey until Russia's S-400 missiles 'gone' Republican Sen. Jim Risch made the statement during the nomination hearing for Tom Barrack to be the next US ambassador to Turkey. Barrack emphasized Ankara's strategic role in countering Iran in the region and promoting stability in Syria. Turkey
Turkey’s year-end inflation soars to almost 65% Newly announced minimum wage hikes and upcoming pay raises for public servants, workers and pensioners bode a resurgence of price spikes across the board. Turkey
Turkey’s exports to Saudi Arabia, UAE and Russia shoot up in 2023: Erdogan The Turkish president also said the country’s total export revenues reached an all-time high. Turkey
2023 in review: From disaster to diplomacy, a climactic year for Turkey Ankara and NATO capitals are once again at loggerheads despite Turkey’s restoration vision put forward after the May elections. Turkey
Is Turkey-Egypt rapprochement turning into a long-term defense partnership? Rapidly improving defense cooperation between Cario and Ankara falls in line with Turkey's multidimensional strategic outlook, observes believe. Turkey
Turkey’s Central Bank delivers moderate rate hike The bank said it has slowed the pace of monetary tightening, assessing that it is close to the level required to establish a course of disinflation. Turkey
Turkey's Erdogan declares 'new era' with Greece on landmark visit The Turkish and Greek leaders vowed to maintain good neighborly relations in the interest of peace in the Agean Sea region. Turkey
What is behind Turkey’s inflation spike to 61.9% in November? November's consumer prices also rose by 3.28%, data released by the Turkish Statistical Institute showed on Monday. Turkey
Breaking | Last Updated: November 23, 2023, 10:50 am Turkey’s Central Bank delivers larger-than-expected rate hike The decision comes after Turkish President Recep Tayyip Erdogan said earlier this week that the lira's depreciation has come to an end. Turkey
What awaits Turkey's economy as its foreign exchange woes ease? After the March local polls, Ankara will be free of major domestic political concerns and is expected to enact a stern program to cool the economy and make real progress in fighting inflation. Turkey
Turkey reports account surplus amid fiscal policy changes Turkish bonds may also become more attractive, according to a top bank, as Turkey’s new economic leaders raise interest rates and end unpopular policies. Turkey
What is driving Turkey’s Erdogan pro-Hamas, fiery Israel criticism? Diplomats and experts say Erdogan’s response to Hamas’ attack on Israel and its aftermath have seriously undermined Turkey’s international position. Turkey
Turkey’s inflation slightly eases in October, remains above 60% Following three months of increases, Turkey’s year-on-year inflation slightly eased last month. Turkey
