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Turkey’s external assets have shrunk over 10 percent since end of last year: report

Turkey's external assets had shrunk to $227.3 billion at the end of June, decreasing 10.3 percent since the end of last year, the state-run...

Erdoğan announces Turkey’s largest gas reserve discovery in Black Sea

Turkey announced its biggest-ever natural gas discovery on Friday, a 320 billion cubic meter Black Sea field which President Recep Tayyip ErdoÄŸan said was...

Turkish central bank keeps interest rates steady despite weakening currency

Turkey’s central bank held its benchmark interest rate steady as expected on Thursday despite the lira hitting record lows this week, and it paved...

Turkey finds significant amount of natural gas in Black Sea: report

Turkey has found significant gas resources in the Black Sea, two Turkish sources told Reuters, a discovery that could help the country cut its...

Turkish economy has regained pre-pandemic momentum, ErdoÄŸan claims

Turkey's economy has regained the momentum it was seeing before the COVID-19 outbreak, President Recep Tayyip Erdoğan said on Wednesday. “Despite some troubles not originating...

Azerbaijan becomes Turkey’s major gas supplier as Ankara reduces dependence on Russia

Azerbaijan has become Turkey’s major gas supplier following Ankara’s years-long efforts to reduce its dependence on Russian gas, according to the Eurasia Review news...

Turkey discovers energy resource in Black Sea, Erdoğan heralds ‘new era’: report

Turkey has made an energy discovery in the Black Sea, most likely natural gas, two people with direct knowledge of the matter told Bloomberg...

Turkey posts $21.3 billion budget deficit in first 7 months: report

The Turkish government ran a monthly fiscal gap of 29.7 billion lira ($4 billion) in July, bringing the deficit in the first seven months...

Turkey’s lira continues sliding, central bank meeting takes on importance: report

Turkey's lira fell to a new record low against the US dollar on Monday, as investors weighed up tightening steps by the central bank...

Some Turkish banks begin charging for FX withdrawals: report

Some Turkish banks have begun charging a fee to withdraw foreign currencies in cash, bankers said on Thursday, after a slide in the lira...

Turkish finance minister shrugs off lira’s slide, says economic contraction possible

The competitiveness of Turkey's lira is more important than the exchange rate level, Finance Minister Berat Albayrak said on Wednesday, shrugging off a slide...

Turkish bank bonds trading at distressed levels implies more risk: report

The bonds of three Turkish lenders are trading at distressed levels, which shows the deteriorating opinion of investors on the ability of the companies...

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