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Minister claims Turkey’s inflation on a downward trajectory amid record level

Although Turkey’s inflation climbed to its highest level since 1998 according to official data, hitting an annual 73.5 percent in May, Finance Minister Nureddin...
Business

Turkish inflation hits highest rate since 1998 at 73.5 percent

Turkey's inflation climbed to its highest level since 1998, hitting an annual 73.5 percent in May, official data showed Friday, an issue dogging President...
Business

Turkey keeps interest rates unchanged despite lira, inflation risks

Turkey’s central bank left interest rates unchanged for a fifth month, extending a pause that is coming at a steep cost for the lira,...
Business

Turkey’s finance minister to pay first ministerial-level visit to Egypt in 9 years

In what will be the first ministerial-level visit in nine years, Turkish Finance Minister Nureddin Nebati will travel to Egypt next month to attend...
Business

Turkish lira declines for 8th consecutive day versus US dollar

The Turkish lira slid 1 percent to beyond 15.65 against the dollar on Monday, slipping for an eighth consecutive session towards the lowest levels...
Business

Turkey to introduce heavier penalties for hoarding stock to fight inflation: minister

Turkey will amend the law penalizing restriction of the supply of goods and services to increase the prison term it stipulates, the Turkish justice...
Business

Turkey’s inflation soars to nearly 70 percent in April

Turkey's official inflation rate rose to nearly 70 percent in April, data showed on Thursday, posing a huge challenge to President Recep Tayyip Erdoğan,...
Business

Turkish court acquits Bloomberg journalists over article on lira fall

A Turkish court on Friday acquitted two Bloomberg reporters of trying to sabotage the economy with an article about the currency crisis of 2018,...
Business

No payment problem for Russian tourists in Turkey: finance minister

Russian tourists will not have problems paying for services in Turkey since the Russian Mir payment system is becoming more widely accepted, Turkish Finance...
Business

Independent group to keep announcing inflation rates despite possible sanctions

The Inflation Research Group (ENAG) has vowed to continue releasing alternate inflation rates despite legislation proposed by the ruling Justice and Development Party (AKP)...
Business

Turkey again refuses to raise rates to fight record inflation

Turkey's central bank on Thursday brushed aside an inflation reading that has soared past 60 percent and kept its benchmark interest rate steady for...
Business

Turkey mulls jail terms for publishing unapproved economic data: report

Turkish economic researchers may face up to three years in prison if they publish unofficial data on indicators without first seeking approval of the...
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