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Turkey pledges to support financial markets during coronavirus crisis: report

Turkey promised on Monday to support financial markets facing a liquidity crunch as the lira and stocks tumbled again, raising expectations of broader fiscal and monetary...

Turkey posts 7.9 percent increase in January’s industrial output

Turkey's industrial output rose 7.9 percent year-on-year in January, the country's statistical authority said on Friday, according to the state-run Anadolu news agency. Among the three main...

Coronavirus may exhaust Turkey’s opportunities for economic recovery: report

Turkey, which unleashed a massive stimulus to recover from a 2018 currency crisis, is poised to stretch its central bank and public finances even more to...

Turkish lira continues losing value due to coronavirus concerns: report

The Turkish lira extended losses on Thursday as concern intensified among the public about the spread of the coronavirus, the Ahval news website reported. The lira dropped...

Turks begin panic buying in several cities after first COVID-19 case

After the Turkish health minister announced the first case of novel coronavirus yesterday, Turks reportedly began inundating supermarkets in several provinces, including Ä°stanbul, as...

Coronavirus outbreak delays Chinese refinance of Ä°stanbul bridge loan: report

The novel coronavirus outbreak threw off track a major loan deal that Chinese banks were arranging in Turkey, a sign that the virus’s spread could slow...

Turkish opposition says unemployment numbers higher than announced

Turkey’s main opposition party has claimed that the country’s unemployment rate was around 17 percent in December, instead of the 13.7 percent that was announced by...

Turkey’s unemployment grew slightly in December despite economic recovery: report

Turkey's unemployment rate rose to 13.7 percent in December from 13.3 percent a month earlier, official data showed on Tuesday, despite a pick-up in growth as...

Turkey auto sales surge 96 percent year-on-year in February: report

Sales of cars and light commercial vehicles in Turkey jumped dramatically on an annual basis in February as an economic recovery gathered pace and interest rates edged...

Turkey to control export of masks amid global coronavirus outbreak: report

Turkey has subjected protective products such as masks, goggles and sterile gloves to export restrictions, according to a regulation published in the Official Gazette on Wednesday. ...

Turkey’s inflation rate rises for fourth straight month: report

Turkey’s key inflation gauge rose for a fourth straight month to 12.37 percent in February, data showed on Tuesday, testing the central bank’s resolve to keep...

Turkey’s economy grows 0.9 percent in 2019: statistical institute

Turkey's economy posted a growth rate of 0.9 percent in 2019, according to the Turkish Statistical Institute (TurkStat), the Anadolu news agency reported. The country's gross domestic product...

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