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Turkey’s unemployment rate fell to 12.2 percent in January

Turkey's unemployment rate fell to 12.2 percent in January, and the worker participation rate rose toward 50 percent from a month earlier, Reuters reported,...
Business

US-convicted banker quits as İstanbul exchange chief

A top Turkish banker convicted in the US of busting sanctions on Iran resigned on Monday as the chief executive of the İstanbul stock...
Business

Turkey registers highest inflation rate since mid-2019 at 15.61 pct in February

Turkish annual inflation rose more than expected to 15.61 percent in February, the highest since mid-2019 according to official data on Wednesday, keeping pressure...
Business

Turkey records 1.8 percent economic growth in 2020 despite pandemic

Turkey's economy grew 5.9 percent in the fourth quarter and 1.8 percent in 2020 as a whole, annual data showed on Monday, emerging as...
Business

Speculation over possible Albayrak return sends lira tumbling

Turkey's lira tumbled on Thursday after a rally triggered by a shakeup of the economy team in November as the government again defended the...
Business

Turkey keeps main interest rate steady at 17 percent

Turkey's central bank on Thursday kept its main interest rate unchanged at 17 percent for the second month in a row to support a...
Business

Turkey’s unemployment slightly down in November, standing at 12.9 percent

Turkey's unemployment rate fell by 0.4 points in November, to 12.9 percent, while the country saw a drop in the employment rate, with a...
Business

Turkey’s inflation jumped to 15 percent in January: report

Turkey’s annual inflation rate climbed more than expected to 14.97 percent last month, data showed on Wednesday, driven by energy and food prices and...
Business

Turkey’s foreign deficit grew by 69.1 pct in 2020: TurkStat

Turkey’s foreign trade deficit surged 69.1 percent in 2020, increasing from $29.5 billion to $49.9 billion according to the general trade system, another indicator...
Business

Erdoğan blames shopkeepers for rising food prices, warns of penalties

Turkish President Recep Tayyip Erdoğan holds the country’s shopkeepers responsible for the country's constantly increasing food prices, warning that they may face penalties if...
Business

Turkey’s Wealth Fund debt increased by 81 percent in 2019

Debt accumulated by the Turkey Wealth Fund (TVF) to the banking system increased from TL 75.4 billion ($10.2 billion) in 2018 to TL 136.4...
Business

Amid Turkey’s economic woes, video of father who can afford cooking oil goes viral

Cevheri Güven Sunflower seed oil, a regular item in most Turkish kitchens, has seen a price surge of 40 percent over the past few months....
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