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Turkish inflation dips under 40 percent for first time in 16 months

Turkey's annual inflation rate dropped below 40 percent in May for the first time in 16 months, pushed down by a temporary offer of...

Erdoğan to appoint investor friendly Mehmet Şimşek as finance minister: reports

Turkish President Recep Tayyip Erdoğan will appoint Mehmet Şimşek, widely respected by foreign investors, as his new treasury and finance minister, Bloomberg and the...

‘Day of reckoning’: Turkish economy’s post-election peril

Turkey's economy is in a double bind: Analysts see its current policies leading to imminent peril and the prescriptions incurring massive pain. President Recep Tayyip...

Turkish lira hits record low, stocks gain after Erdoğan secures re-election

Turkey's lira hit fresh record lows against the dollar on Monday, though stocks rallied, after President Recep Tayyip Erdoğan secured victory in Sunday's presidential...

Turkish lira hits record low ahead of Sunday’s runoff election

The Turkish lira weakened to a record low of 20 against the dollar on Friday, ahead of this weekend's presidential election runoff, which will...

Turkey’s forex and gold reserves fell $17 billion before election: report

Turkey’s foreign currency and gold reserves tumbled $17 billion in the six weeks before Sunday’s general election as Recep Tayyip Erdoğan’s government sought to...

Turkey’s earthquakes weigh on reinsurance company Munich RE profits

German reinsurance giant Munich RE reported a drop in first-quarter profits Wednesday after taking a hit from claims linked to two devastating earthquakes that...

EBRD bank lowers Turkey GDP forecast, upgrades Russia

Turkey's earthquake-hit economy will grow this year by less than previously forecast, while Russian output will shrink far less than expected despite Ukraine war...

Iraqi Kurds await ‘final deal’ on Turkish crude exports

Officials in Iraqi Kurdistan say Baghdad is still waiting to reach a "final agreement" with Ankara to resume oil exports to Turkey, where the...

Iraq awaits Turkey’s response to resume Kurdish oil exports

Iraq is still waiting for a formal response from Turkey to resume oil exports from the autonomous Kurdish region, Agence France-Presse reported, citing Kurdish...

Iraq finalizes deal to resume Kurdish crude exports to Turkey

Iraq's federal and Kurdish governments have finalized a deal to resume crude oil exports through Turkey pending a response from Ankara, Agence France-Presse reported,...

Turkey defers $600 million Russian energy payment under deal: report

Turkey has deferred payment to Russia of a $600 million natural gas bill to 2024, Reuters reported, citing two sources on Wednesday, the first...

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