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Turkish lira crashes to record low on worries over economy, US row

Turkey’s lira plunged to 6.30 against the US dollar on Friday as worries about President Tayyip Erdoğan’s influence over monetary policy and worsening US...
Business

Erdoğan: If they have their dollars, we have our God

Turkish President Recep Tayyip Erdoğan on Thursday tried to calm the Turkish people over the historic loss in value of the Turkish lira against...
Business

Fitch says Turkey needs to quickly halt sharp slide of lira: report

Turkey needs to halt the sharp slide of the lira quickly, credit rating agency Fitch told Reuters on Thursday, warning the country's situation had...
Business

New economic model for Turkey to be announced on Friday: minister

Turkish Treasury and Finance Minister Berat Albayrak is set to announce a "framework for a new economic model" on Friday, the ministry has announced,...
Business

Turkey to build third nuclear plant in partnership with Chinese companies

Energy Minister Fatih Dönmez announced on Wednesday that Turkey would build its third nuclear power plant, to be located in the northwestern part of...
Business

Turkey to continue buying gas from Iran: minister

Turkey will continue buying natural gas from Iran under a contract that is due to expire in 2026, the Turkish energy minister said on...
Business

German energy giant to finalize exit from Turkey due to currency crisis

German energy giant EWE is close to completing its exit from Turkey, poised to sell its assets in the country, the Habertürk daily reported...
Business

IMF bailout is new talk of trading rooms in Turkey as desperate measures haunt

Trading rooms are awash with talk of a bailout of the Turkish economy by the International Monetary Fund (IMF) and potential capital controls, Bloomberg...
Business

Turkish lira rallies after historic plunge over tensions with US

The Turkish lira rallied on Tuesday after suffering its biggest daily loss in nearly 10 years in the previous session as investors eyed growing...
Business

Crisis with US may cost Turkey its historic helicopter export to Pakistan

A crisis in relations between Ankara and Washington has put Turkey’s historic defense export to Pakistan of 30 combat helicopters worth $1.5 billion in...
Business

Central bank lowers FX market reserve requirement limit to prevent value loss of lira

Turkey's central bank lowered the foreign exchange market reserve requirement limit on Monday in order to prevent subsequent value losses in the Turkish lira,...
Business

CHP deputy slams presidential decree granting lucrative subsidies to pro-gov’t businessman

Republican People’s Party (CHP) deputy Aykut Erdoğdu has slammed a presidential decree granting lucrative government subsidies to a rail carriage manufacturing subsidiary of BMC...
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