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Turkey gets to rewrite inflation forecasts again after rate cuts: report

Turkey’s central bank is likely to raise its year-end inflation projection following a round of unorthodox interest-rate cuts that have sent prices higher --...

Turkish court acquits Bloomberg journalists over article on lira fall

A Turkish court on Friday acquitted two Bloomberg reporters of trying to sabotage the economy with an article about the currency crisis of 2018,...

Turkish bank bonds trading at distressed levels implies more risk: report

The bonds of three Turkish lenders are trading at distressed levels, which shows the deteriorating opinion of investors on the ability of the companies...

İstanbul Mayor İmamoğlu makes it into Bloomberg’s top 50 list of 2019

Bloomberg has chosen Ekrem İmamoğlu, the mayor of İstanbul who won the race for Turkey’s biggest city from the ranks of the country’s main opposition party,...

Turkey ranks 51st out of 169 countries in Bloomberg’s health index

Turkey is ranked 51st out of 169 countries in the 2019 edition of the “Bloomberg Healthiest Country Index.” Turkey placed 54th in the previous index,...

Turks are dumping lira and hoarding dollars: report

Turkish households and companies that are faced with runaway inflation and near-zero real returns on local-currency deposits have converted $18 billion of their lira...

Erdoğan pushing cheap credit in local election campaign: report

Turkey’s government is making cheap credit a key part of its campaign, pushing banks to take on greater risks in an economy that’s already...

Stocks and bonds slide as Turkish lira approaches 2-week low

Turkey’s stocks and bonds slid for a second day and the lira approached a two-week low amid growing investor unease over President Recep Tayyip...

Fitch says Erdoğan’s remarks on tightening control of central bank raise risks

International credit rating agency Fitch on Tuesday published a press release on Turkey, arguing that President Recep Tayyip Erdoğan’s remarks last week on Bloomberg...

Turkey on way to creating Russian-like business oligarchy, economist says

“We are seeing a terrible plunder like the one that created the Russian oligarchs,” Seyfettin Gürsel, a columnist and a professor of economics, has...

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