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Turkey’s unemployment rate falls slightly in third quarter of 2020

Turkey’s unemployment rate decreased by 0.8 percent year-on-year and stood at 13.2 percent in the third quarter of 2020, while the number of people...

Turkish finance minister’s record in the spotlight after controversial resignation

Finance Minister Berat Albayrak, the son-in-law of Turkish President Recep Tayyip ErdoÄŸan, quit his job on Sunday, citing health reasons, after his tumultuous two...

ErdoÄŸan replaces head of Turkish Central Bank after lira plunge

Turkish President Recep Tayyip Erdoğan has dismissed the head of the country’s central bank and replaced him with a former finance minister as the...

Turkey pays nearly $3.5 mln of Somalia’s IMF debt: Official Gazette

The Turkish government has settled a part of Somalia’s debt to the International Monetary Fund (IMF) by allocating nearly $3.5 million to a fund...

Turkish Airlines lost $614 mln in first 9 months of 2020: report

Turkey's national flag carrier Turkish Airlines (THY) recorded a net loss of TL 5.2 billion ($614 million) during the first nine months of 2020...

Turkey has abandoned trying to shore up its fast plummeting currency

Turkey’s central bank, which has spent some $120 billion to put the brakes on the fall of the lira against the US dollar, has...

Turkey’s inflation rate rises to 11.89 percent in October: TurkStat

Consumer prices in Turkey saw an 11.89 percent annual increase in October, the Turkish Statistical Institute (TurkStat) announced on Tuesday. The rate of inflation rose...

Turkish lira hits another historic low against US dollar

Turkey's lira once again weakened to a record low against the US dollar on Tuesday, standing at 8.489 to the dollar and 9.930 to...

Turkey’s meat consumption falls by 30 percent while pasta is up 25 percent

A family of four in 2020 has consumed 30 percent less meat than four years ago, while there has been a 25 percent increase...

Destruction of the Turkish Central Bank’s independence explained

Turhan Bozkurt The Central Bank of Turkey (TCMB) started losing its independence after Durmuş Yılmaz left the post of governor in 2010. Yılmaz, who now...

Turkish lira plummets at unprecedented rate

The Turkish lira on Wednesday reached a new record low, trading at 8.23 to the US dollar amid Turkish President Recep Tayyip Erdoğan‘s negative...

Rate of inflation in Turkey higher than officially announced: independent economists

Turkey’s rate of inflation in September is almost four times higher than the officially announced figure, according to an independent group of academics who...

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