Category: Economy
The Turkish Statistical Institute (TurkStat) revealed in a report issued on Tuesday that the indicator for inequality of income distribution in Turkey is the worst since 2009. The share of the richest 20 percent of the ...
Officials of the ruling Justice and Development Party (AKP) have claimed that asking banks about their transactions would harm the country’s economy, as they tried to explain their objection to forming a parliamentary commission on ...
Turkey signed a new $3.6 billion swap agreement with China, increasing the limit on their existing currency arrangement to $6 billion, Turkish President Recep Tayyip Erdogan said Sunday. The arrangement with one of Turkey’s biggest ...
A main opposition lawmaker has reiterated on social media his written question to Turkish state lender Ziraat Bank in 2020 concerning a $750 million loan taken out by the pro-government Demirören Group before purchasing media ...
President Recep Tayyip Erdoğan has announced that Turkey discovered an additional 135 billion cubic meters (bcm) of natural gas in the southern Black Sea, increasing the total reserves in the region to 540 bcm, local ...
The Turkish lira again slumped to a fresh low early on Wednesday, losing 0.6 percent of its value and hitting a low of 8.88 lira to the US dollar after President Recep Tayyip Erdogan announced his ...
President Recep Tayyip Erdogan of Turkey, who is completely ignorant about economics, met with the chief executive officers of 26 major American companies and told them many falsehoods about the Turkish economy. The reality is ...
A report drafted by an opposition lawmaker has revealed that 150 people have died by suicide in Turkey due to financial problems in the first five months of 2021, a quarter of the total number ...
Turkey’s lira tumbled to a record low of 8.6 versus the dollar on Friday as it took a hit from global inflation concerns, expectations that the central bank will soon cut interest rates and worries ...
Briefly, Turkish Prime Minister Erdogan seemed to be surrendering to orthodox economics. This week, he made clear the flirtation was over. For economists, Turkish President Recep Tayyip Erdogan has become something of a running joke. ...