Category: Economy
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 ...
HSBC is considering selling its Turkey business amid concerns about the country’s volatile currency and economic outlook, sources familiar with the matter said. As part of broader cost-cutting measures under interim Chief Executive Noel Quinn, ...
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. ...
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. ...