Category: Economy
Turkey’s economic confidence index fell 5.9 percent month-on-month in March to 91.8 points, data from the Turkish Statistical Institute indicate, marking a downturn after five straight months of gains, according to Reuters. The index points ...
The Central Bank of Turkey has stepped in and cut the policy rate to single digits, at 9.75%, for the first time since mid-2018. The bank also announced a number of actions to maintain the proper ...
As health officials reported Turkey’s third death linked to the coronavirus Thursday, analysts said the government will need to pursue significant fiscal interventions to stave off long-term economic impacts resulting from the global pandemic. Turkish President Recep Tayyip Erdogan announced a $15.4 ...
A municipality worker sprays disinfectant over a tram to prevent the spread of coronavirus in central Istanbul. ANKARA: As official figures report increasing rates of deaths and confirmed cases linked to the coronavirus, the Turkish ...
Turkish President Recep Tayyip Erdogan has already brought the central bank under his control, ousting the governor and installing a successor to drive interest rates lower and try to turbo-charge economic growth. Now he’s making ...
Turkey is repeating the mistakes that led to the 2018 lira crisis and another freefall for the currency may not be far off, according to an academic at international affairs think tank Chatham House. Fadi ...
Turkish airline Atlasglobal has decided to suspend operations and told its staff not to come to work on Thursday, Reuters reported, citing the aviation sector news website AirportHaber and other media. A source with knowledge ...
ISTANBUL (Reuters) – A run on the lira proved a pivotal moment for Turkey’s financial markets in 2018, prompting action from Ankara that has tilted the economy inward and frightened off foreign investors. Turkish President ...
Turkish Foreign Minister Mevlut Cavusoglu, right, and Swiss Foreign Minister Ignazio Cassis in July 2019.(Keystone / Cem Ozdel Handout Handout) The Swiss government has delayed fully signing off on an expanded free-trade deal with Turkey ...
The global fallout from the coronavirus outbreak is turning up pressure on the struggling Turkish economy, which has long been stuck in a roller coaster of domestic and foreign tensions. On March 11, Ankara confirmed ...