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CATEGORY

Business

Business

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...
Business

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...
Business

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...
Business

Turkish lira plunges to 6-month low as possibility of new election in Ä°stanbul lingers

The value of the Turkish lira plunged on Thursday to 5.85, the lowest in six months against the US dollar, as Turkey’s ruling party requested a...
Business

ErdoÄŸan lashes out at FT, Western media, over reporting on Turkish economy

Turkey's president has lashed out at the Financial Times (FT) and other Western media, accusing them of falsely portraying the Turkish economy as being on the...
Business

Turkey to remain 4th most miserable country in 2019 with slight deterioration expected: Bloomberg index

According to Bloomberg’s misery index, covering 62 economies, Turkey will remain the fourth most miserable country in the world in 2019, with the situation expected to...
Business

Home sales secured by mortgages in Turkey down 30 percent in March: TurkStat

The Turkish Statistical Institute (TurkStat) has announced that houses financed by mortgages declined in March by 30.6 percent year-on-year, the Diken news website reported on Wednesday. The share of...
Business

Turkey’s quarterly budget deficit reaches half its total amount in 2018

Budget statistics announced by the Ministry of Treasury and Finance have revealed that Turkey’s budget deficit in the first three months of 2019 stood at TL...
Business

Prominent economist claims Turkey’s real inflation much higher than statistical authority says

Steve Hanke, a professor of applied economics at John Hopkins University and former senior economist with a Reagan White House advisory council, has claimed that Turkey’s real...
Business

Turkey’s unemployment rate climbs to a decade-high at 14.7 percent

Turkey’s unemployment rate surged to 14.7 percent in the December-February period, its highest level in nearly a decade according to official data on Monday, as the...
Business

Turkey’s economy to contract in 2019, longer recession looms: poll

Turkey's economy is expected to contract in 2019 after a decade of strong growth, and economists are predicting a longer recession ahead after a recent bout...
Business

Turkey’s finance minister fails convince global investors: report

Turkish Finance Minister Berat Albayrak offered little convincing detail of his economic turnaround plan and failed to enthuse investors at a private meeting in Washington on...
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