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Turkey’s annual inflation falls to 20.3 percent in December

Turkey’s annual rate of consumer price inflation fell to 20.3 percent last month, according to figures released on Thursday by the Turkish Statistics Institute...

Turkey sticks with 5 pct target despite current inflation of more than 20 pct

Turkey’s central bank said on Wednesday it would stick with a 5 percent inflation target, a deeply ambitious goal after this year’s currency crisis...

Tax cuts, discounts force Turkey’s inflation down in November

Turkey’s consumer price index fell 1.44 percent month-on-month in November, official data showed on Monday, bringing the annual inflation rate down from a 15-year...

Turkish police raid onion, potato warehouses to fight high inflation

Turkish police raided dozens of warehouses on suspicion of stockpiling produce such as potatoes and onions as part an “all-out war” against high inflation,...

Turkish finance minister optimistic over Iran sanctions-busting case

Turkey has positive expectations regarding an Iran sanctions-busting case in the United States related to Turkish state-owned lender Halkbank, Finance Minister Berat Albayrak said...

Economic attack on Turkey planned in foreign capital, Albayrak says

Treasury and Finance Minister Berat Albayrak on Tuesday said an economic attack targeting Turkey was planned in a foreign capital, the Evrensel daily reported. “The...

Turkey’s Wealth Fund started working with US firm McKinsey in 2017

A report sent to members of the Planning and Budget Commission of the Turkish Parliament reveals that Turkey’s sovereign Wealth Fund launched cooperation with...

Lira gains 5 percent after Turkish court releases American pastor

The Turkish lira has gained over 5 percent in value against the US dollar since last Friday after the emergence of signs of recovery...

IMF slashes growth forecasts for Turkey, calling for measures to shield economy

The International Monetary Fund (IMF) slashed its growth outlook for Turkey and called for a sweeping mix of measures to shield the economy after...

Turkey’s private sector to reduce prices 10 percent to fight inflation: minister

Turkey’s government has agreed with the private sector for an across-the-board 10 percent discount in goods, Finance and Treasury Minister Berat Albayrak said on...

Turkish Trade Ministry seeks defense from 114 companies over price hikes

The Turkish Trade Ministry said on Monday it had asked 114 companies for their defense of what it described as excessive price hikes as...

Erdoğan says Turkey will never seek assistance from IMF

President Recep Tayyip Erdoğan said on Sunday Turkey was not facing any worrying economic problems and would not seek assistance from the International Monetary...

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