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Central bank: Turkish lira will be valued at 5.64 to the US dollar at yearend

Turkey’s central bank released an expectation poll for the month of November that it conducted on 70 finance experts, executives and professionals in which...
Business

Turkey’s national wealth diminished by $190 billion last year: report

Turkey’s national wealth diminished by $190 billion last year due to a currency crisis, Credit Suisse, a Swiss investment banking company, said its ninth...
Business

Turkey’s unemployment rate hits highest since early 2017 at 11.1 pct

Turkey’s unemployment rate rose to 11.1 percent in the July-September period, official data showed on Thursday, hitting its highest level since early last year...
Business

US official says Halkbank investigation still underway: report

An unnamed US official who met with a group of Turkish journalists said that an investigation into Turkey’s state-owned Halkbank conducted by the Office...
Business

Syrian startups launched by refugees on the rise in Turkey

The number of Syrian enterprises in Turkey is continuing to rise, fueling local economies, according to a newly released report, the Hürriyet Daily News...
Business

Moody’s warns of sharp contraction in Turkey’s economy

Declines in the Turkish lira, one of this year’s worst performers globally, will translate into sharp economic contraction as growth decelerates across advanced and...
Business

Turkish finance minister optimistic over Iran sanctions-busting case

Turkey has positive expectations regarding an Iran sanctions-busting case in the United States related to Turkish state-owned lender Halkbank, Finance Minister Berat Albayrak said...
Business

Turkish inflation hits 25.2 percent in October, highest in 15 years

Annual inflation in Turkey surged to 25.2 percent in October, hitting its highest in 15 years and underscoring the impact on the wider economy...
Business

CHP deputy claims Turkey will sign IMF deal after local elections in March

Main opposition Republican People’s Party (CHP) İstanbul deputy Mehmet Bekaroğlu on Thursday said President Recep Tayyip Erdoğan’s government would sign a deal with International...
Business

Turkish exports in October reach highest monthly figure in country’s history: minister

Turkey's exports in October were the highest in a single month in the country's history, the Turkish trade minister said on Thursday, the state-owned...
Business

Turkey to cut taxes in several sectors to tackle inflation: minister

Turkey will cut taxes in several sectors including automotives, white goods and furniture and will continue to take measures to bring down inflation, Finance...
Business

Economic attack on Turkey planned in foreign capital, Albayrak says

Treasury and Finance Minister Berat Albayrak on Tuesday said an economic attack targeting Turkey was planned in a foreign capital, the Evrensel daily reported. “The...
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