Category: Economy
A spending splurge during back-to-back elections last year, and efforts to revive the economy through fiscal stimulus, pushed Turkey’s monthly deficit to a record high. The central government’s deficit in December was 30.8 billion liras ...
İstanbul’s new mayor Ekrem İmamoğlu in a city tram. İstanbul Mayor Ekrem İmamoğlu has said the city’s plans to revive three rail system projects are currently blocked by the Undersecretariat of the Treasury, the BirGün ...
Turkey’s central budget showed a deficit of TL 123.7 billion ($21 billion) in 2019, TL 30.8 billion of which was recorded in December, the Diken news website reported on Wednesday, citing the Ministry of Finance. ...
Daron Acemoglu Turkey has a serious productivity problem because its government has compromised the independence of key institutions and failed to encourage the development of new thought and technologies, said Daron Acemoglu, professor of economics ...
By Reuters NEW YORK — A federal judge in Manhattan on Thursday rejected a request by Turkey’s state-owned Halkbank to put on hold a federal prosecution accusing it of helping Iran evade U.S. economic sanctions. U.S. ...
(Reuters) – Turkey’s lira declined more than 0.5% on Tuesday to its weakest level in two months, as concern over relations with the United States lingered and a lower real yield on the currency lessened ...
Turkey’s position economically, and from a capital markets standpoint, is better at the end of 2019 than it was a year ago. However, that is not to say all is well with the country — ...
Turkey’s Central Bank headquarters is seen in Ankara. Turkey’s central bank is expected to cut its key interest rate to 12.5 percent from 14 percent next week, sustaining an easing cycle designed to revive the ...
A judge cited “extraordinary” and “remarkable” meetings two years ago involving top U.S. and Turkey political figures to intervene in a New York prosecution Thursday as he rejected efforts by a state-owned bank in Turkey ...
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Turkey is facing a perfect storm brought on by its ineffective governance, social discontent, and regional conflict. Investors should be wary. Human rights, democracy, and good neighborly relations create a favorable climate for doing business. ...