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Turkey’s inflation slows for first time since 2021: official data

Turkey's inflation slowed in November for the first time since May 2021, official data showed on Monday, delivering a boost to President Recep Tayyip...
Business

Turkish economy grows 3.9 percent in 3rd quarter

Turkey's economy grew 3.9 percent in the third quarter of 2022 on a yearly basis, official figures showed on Wednesday, the state-run Anadolu news...
Business

Turkey’s trade deficit jumps 421.7 percent in October

Turkey’s foreign trade deficit surged 421.7 percent year-on-year to $7.87 billion in October, Deutsche Welle's Turkish service (DW Türkçe) reported, citing data from the...
Business

Turkey in final stage talks for up to $10 bln funding from Qatar: report

Turkey and Qatar are in the final stages of talks for Doha to provide up to $10 billion in funding for Ankara, including up...
Business

Turkish central bank cuts rate for fourth consecutive month

Turkey's central bank said on Thursday it had cut its main policy rate for the fourth consecutive month despite high inflation, Agence France-Presse reported. On...
Business

Saudi Arabia says it is close to making $5 billion deposit with Turkey

Saudi Arabia and Turkey are discussing Riyadh making a $5 billion deposit in Turkey's central bank, Reuters reported, citing a Saudi Ministry of Finance...
Business

Turkish unemployment rate rises to 10.1 percent in September

Turkey's unemployment rate rose 0.3 percentage points month-on-month to 10.1 percent in September, while a seasonally adjusted measure of labor underutilization rose to 20.3...
Business

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...
Business

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...
Business

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 Erdoğan sticks to...
Business

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 --...
Business

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,...
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