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Food inflation is long-term structural problem for Turkey, experts say

Experts have stated that high inflation in food prices is a long-term structural problem for Turkey, adding that permanent reductions in prices require some...
Business

Erdoğan launches Black Sea gas deliveries ahead of elections

President Recep Tayyip Erdoğan on Thursday launched Turkey's first delivery from a Black Sea gas reserve a few weeks ahead of a general election...
Business

CEO of collapsed crypto exchange detained in Turkey after extradition

Faruk Fatih Özer, the former CEO of collapsed cryptocurrency exchange Thodex, was extradited from Albania to Turkey, where he was immediately detained at İstanbul...
Business

Turkey’s central bank asks lenders to limit dollar purchases

Turkey’s central bank has asked local lenders to limit the amount of dollar purchases they make in the interbank market to ease pressure on...
Business

Cost of living skyrocketed in İstanbul in March amid depreciation of Turkish lira

A survey conducted by the İstanbul Planning Agency (IPA) has revealed that the cost of living in Turkey’s most populous city increased by more...
Business

Turkey’s annual inflation falls to 50.5 percent in March: official data

Turkish annual consumer price inflation dropped to 50.51 percent in March, slightly below forecast, easing ahead of May 14 presidential and parliamentary elections, Reuters...
Business

S&P lowers Turkey’s outlook to negative, cites vulnerabilities: report

S&P Global Ratings lowered its outlook on Turkey from "stable" to "negative" on Friday, citing vulnerabilities stemming from the country's low policy rates, directed...
Business

Turkey’s trade deficit surges 51.4 percent in February: report

Turkey's foreign trade deficit surged 51.4 percent year on year to $12.08 billion in February, with imports climbing 10.1 percent, Reuters reported, citing data...
Business

Foreign investors flock to Turkey ahead of elections, anticipating potential economic shift: report

A wave of foreign investors is returning to Istanbul and Ankara after years of absence, holding numerous meetings to gauge the potential impact of...
Business

Turkey’s central bank holds interest rate unchanged at 8.5 percent

Turkey's central bank held its policy rate at 8.5 percent as expected on Thursday, saying it had become even more important to keep financial...
Business

Saudi deposit lifts Turkey’s net FX reserves to $25 billion: report

The Turkish central bank's net international reserves rose by $6 billion last week to $25 billion, three bankers' calculations showed on Tuesday, after a...
Business

Erdoğan’s party pivots back to orthodox economic policies in draft manifesto: report

The draft election manifesto of Turkish President Recep Tayyip Erdoğan's ruling Justice and Development Party (AKP) marks a return to more orthodox, free market...
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