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Turkey’s energy, automotive sectors suffering from debt, low demand

Turkey’s energy and automotive sectors are suffering from exorbitant debt and low demand, respectively, in the face of a continuing recession. Turkey’s energy sector has $12-13 billion...

Turkey’s April inflation unexpectedly slows to 19.5 percent amid weak demand

Turkey's inflation rate unexpectedly slowed somewhat to 19.50 percent in April from a year earlier, helped by more moderate rises in transportation and clothing, even while...

Turkish Central Bank’s forex reserves shrink again, losing $1 billion

The Turkish Central Bank’s international net reserves suffered a further decrease of $1 billion last week, according to the T24 news website, falling to...

Turkey’s PMI maintains its negative trend for the 13th month in a row

Turkey’s Purchasing Managers’ Index (PMI), a survey of manufacturing sector managers on productivity, stood at 46.8 in April, marking the 13th consecutive month with a score that...

Number of Turkish companies with Syrian partners dropped by 47.5 pct in March over last year

The number of companies established with Syrian immigrant partners in Turkey decreased by 47.5 in March over the same period last year, according to a bulletin...

Turkey’s trade deficit shrinks due to decline in imports

Turkey’s official statistics agency, TurkStat, has announced that the country’s foreign trade deficit in March dropped 63.7 percent year-on-year, from $5.88 billion to $2.14 billion, the NTV...

Turkey watchers puzzled on policy after central bank chief’s Q&A: report

Turkish Central Bank Governor Murat Çetinkaya set the Turkish lira wobbling with comments at a press briefing on Tuesday that a new round of monetary tightening may...

Turkey’s consumer confidence surges by 3.4 percent, signaling recovery from currency crisis

Turkey’s consumer confidence index rose by 3.4 percent in April, reaching 84.7 points, the Turkish Statistical Institute (TurkStat) said on Monday, signaling a recovery from a...

10 percent of Turkish millionaires emigrated in 2018: report

Ten percent of Turkey’s millionaires, some 4,000 individuals, moved out of the country in 2018, according to the Global Wealth Migration Review 2019 recently published by...

Goldman Sachs interested in buying restructured Turkish loans: report

Goldman Sachs is in talks with Turkish banks and companies to buy large distressed loans following a wave of corporate restructurings in the country...

Turkey’s central bank leaves interest rates unchanged as lira keeps bleeding

Turkey’s central bank has decided to keep interest rates steady as the Turkish lira depreciated further, the Diken news website reported on Thursday. The bank at its monetary...

Ä°stanbul election challenges, strained US relations lead Turkish lira to hit 6-month low

The Turkish lira hit its weakest intraday level against the dollar since mid-October on Wednesday as investors weighed up risks generated by challenges to Ä°stanbul election...

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