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Turkey’s inflation slows to 44.3 percent in December

Turkey's annual inflation rate slowed for the seventh consecutive month in December, Agence France-Presse reported, citing official figures on Friday. Consumer prices rose by 44.3...
Business

After 18 months of orthodox economics, Erdoğan again vows to lower interest rate to ‘fight inflation’

Turkish President Recep Tayyip Erdoğan has renewed his push to lower interest rates, claiming that cutting rates is essential to reducing inflation and stabilizing...
Business

Turkey lowers interest rate to 47.5 percent

Turkey's central bank lowered its key interest rate on Thursday, the first cut in nearly two years as it battles double-digit inflation, Agence France-Presse...
Business

Turkish central bank plans to end FX-protected deposit scheme in 2025

Turkey's central bank on Wednesday announced that it plans to terminate its foreign exchange-protected lira deposit scheme next year as part of its macroprudential policy...
Business

Turkish gov’t raises monthly minimum wage by 30 percent for 2025

The Turkish government has announced a 30 percent increase in the monthly minimum wage for 2025, raising it to 22,104 Turkish lira ($630.36) from...
Business

Turkey, Hungary granted waiver for gas payments due to Gazprombank sanctions: report

Turkey and Hungary said they have received exemptions for gas payments to Russia after the United States imposed sanctions on Gazprombank, removing a major...
Business

Turkey’s Pegasus Airlines to buy 200 Boeing 737 aircraft

Turkey's Pegasus Airlines said Thursday it would buy 200 Boeing 737 MAX 10 aircraft in its largest-ever order worth some $36 billion as it...
Business

Minting 1 lira coins costs Turkey over 3 lira: lawmaker

The rising price of metals used in the production of coins has pushed the cost of minting Turkey’s 1 lira coin to over 3...
Business

Turkey halves import tax on goods from Turkish Republic of Northern Cyprus

The Turkish government on Tuesday reduced import taxes on goods from the Turkish Republic of Northern Cyprus (KKTC), halving the previous 60 percent rate...
Business

Turkey’s competition board fines Google $75 million

The Turkish Competition Authority fined Google 2.61 billion lira ($75 million), saying the company provided an unfair advantage to its own supply-side platform at...
Business

Minimum wage talks to test Turkey’s inflation-fighting credentials: report

Turkish workers pushing for a solid minimum wage hike to cope with a persistent cost-of-living crisis face a battle in looming wage talks as...
Business

Turkey’s inflation slows to 47.1 percent in November: TurkStat

Turkey's annual inflation rate slowed for the sixth month in a row in November, as the central bank has kept borrowing costs high to...
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