Category: Economy
Turkey’s central bank unexpectedly cut its main interest rate on Thursday after months of pressure from President Recep Tayyip Erdogan for it to lower rates, leaving the Turkish lira at close to a record low against ...
Simone Kaslowski, a Turkish businessman of Italian origin and president of the Turkish Industrialists and Businessmen’s Association (TÜSİAD), has warned the authorities against early interest rate cuts, stating that cutting interest rates before structurally reducing ...
The decaying dinosaur toys outside the abandoned theme park tell the tale of grand ambition, waste and troubles facing the long-ruling party of Turkish President Recep Tayyip Erdoğan. The problems started early for “Wonderland Eurasia”, ...
A total of 18,772 people in Turkey took their own lives between 2010 and 2019, an opposition politician revealed on social media, citing data from the Ministry of Health. Main opposition Republican People’s Party (CHP) Deputy ...
ISTANBUL (AP) — Turkey’s wildfires have left little behind, turning green forests into ashen, barren hills. The destruction is being intensely felt by Turkey’s beekeepers, who have lost thousands of hives as well as the ...
ISTANBUL — Turkey’s annual inflation rate rose higher than expected in July, reaching a two-year high of 18.95%, according to data published Tuesday by the Turkish Statistical Institute (TurkStat). Driven by growing food and transportation ...
The debts of Turkish farmers have increased from 2.5 billion liras in 2003 to a current level of 180 billion liras, daily Sözcü reported on July 23. The whopping 72-fold increase in the debt level ...
Sedat Peker, a mobster who for a while has been steering Turkey’s political debate with his bombshell revelations on YouTube and Twitter, has now set off a debate in the country over alleged state-led extortion ...
Last month Turkish President Recep Tayyip Erdoğan insisted that “Turkey has never compromised on free-market rules and is now much closer to achieving its goal of becoming one of the 10 largest economies in the world.” But ...
As wildfires in Turkey’s south coast delivered a fresh blow to the struggling tourism sector, the country’s tourism minister appealed to local vacationers not to cancel their bookings in the fire-hit areas. “We need to tell ...