Category: Economy
(Bloomberg) — The wheels are coming off the lira’s best start to a year since 2012 after President Recep Tayyip Erdogan rekindled doubts over the direction of Turkey’s monetary policy. The currency had appreciated more ...
Turkey’s financial troubles have increased since the country was hit by the COVID-19 pandemic. Contrary to government declarations, a sudden surge in the number of suicides as well as in the number of closed businesses ...
A total of 4,801 people have died by suicide in Turkey due to financial problems since 2002, when the Justice and Development Party (AKP) came to power, while 1,370 of these suicides took place in ...
Turkish exporters say they have become collateral victims of President Recep Tayyip Erdogan’s aggressive foreign policy. Ankara’s push to exert its influence in the Middle East and Africa has provoked a strong reaction from the ...
The decision to cancel a production Turkey plant in Turkey is a loss for Volkswagen, which is missing out a lucrative investment in the country, Turkish Minister of Industry and Technology Mustafa Varank said on ...
An opposition lawmaker has announced that Turkey saw the biggest decline in private wealth in the world, with a total of 17,100 individuals having net assets of at least $1 million moving them out of ...
Turkish President Recep Tayyip Erdogan’s promise of a new economic era triggered a foreign-driven rally in the lira, but local investors have yet to be persuaded that policies they say have dragged on economic prospects ...
The reason for Turkey’s economic precariousness—it is by far the worst performing emerging market this year—is no secret: Over the long term, markets react favorably to certainty and crumble in the face of haphazardness. In the short ...
The bilateral ties have sparked a public outcry, with people criticizing the sale of strategic assets to the Gulf nation Turkey transferred 10 percent of shares in the Istanbul stock exchange to the Qatar Investment ...
Recep Tayyip Erdogan has climbed back on his favorite economic hobby horse, resuming his quixotic charge against high interest rates. This augurs ill for Turkey’s economy, which has historically paid a large price for the ...