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Turkey starts paying for some Russian gas in rubles

Turkey has started paying for some of its natural gas from Russia in rubles, Reuters reported, citing Turkish Energy Minister Fatih Dönmez on Tuesday. In...

IMF staff recommends Turkey raise rates, boost central bank independence

Turkey should tighten monetary policy and give its central bank more independence, a mission from the International Monetary Fund (IMF) said on Friday, Reuters...

Turkey’s inflation jumps to 85.51 percent in October

Turkish inflation surged past 85 percent in October, its highest level since 1997, official data showed Thursday, as President Recep Tayyip ErdoÄŸan sticks to...

Turkey gets to rewrite inflation forecasts again after rate cuts: report

Turkey’s central bank is likely to raise its year-end inflation projection following a round of unorthodox interest-rate cuts that have sent prices higher --...

Turkish competition board fines Meta Platforms $18.6 million

Turkey's competition authority has fined Facebook parent Meta Platforms Inc (META.O) 346.72 million lira ($18.63 million) for breaking competition law, Reuters reported on Wednesday,...

Turkish central bank cuts rates for third month

Turkey's central bank on Thursday cut its policy rate for the third consecutive month despite plunging lira and an annual inflation rate that has...

Turkey’s budget records biggest deficit this year: report

Turkey’s central government budget swung to a deficit in September on the back of increased spending and lower corporate tax revenues, Bloomberg reported. The government...

Turkey’s current account remains in deficit for 10th month: report

Turkey’s current account remained in deficit for a 10th consecutive month as the trade balance took a hit from a global rally in energy...

Turkish unemployment falls to 9.6 percent in August

Turkey's unemployment rate dropped 0.4 percentage points month-on-month to 9.6 percent in August, while a seasonally adjusted measure of labor underutilization fell to 19.8...

EBRD head raises ‘question marks’ over Turkey’s rate-cutting policy: report

The head of the European Bank for Reconstruction and Development (EBRD) has raised concerns with Turkish authorities for using low interest rates to boost...

US Supreme Court to hear Turkish lender Halkbank’s bid to avoid charges

The US Supreme Court on Monday agreed to hear Turkish state-owned lender Halkbank's bid to avoid criminal charges of money laundering, bank fraud and...

Turkey wants Russia to delay its gas payments until 2024: Bloomberg

Turkish officials have asked Russia to delay a portion of Ankara’s payments due for natural gas, according to people familiar with the matter, as...

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