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Dutch leasing giant sees 48 pct decline in net profits in Turkey due to currency crisis

The sharp depreciation of the Turkish lira forced LeasePlan, a full service leasing giant based in Netherlands, to take a €73 million hit, causing...

Dutch bank sees no sharp sell-off in Turkish lira in near future

Dutch Bank ABN Amro has said there will be no sharp sell-off in the Turkish lira in the near future, according to the bank’s...

Turkey allows forex real estate contracts for foreigners

Turkey has allowed foreign citizens resident in the country to make real estate contracts in foreign currencies under a revision of regulations designed to...

Moody’s says Turkey’s economy likely entered recession

Global credit agency Moody’s has said Turkey's economy began decelerating rapidly in the third quarter, in the wake of a currency crisis, causing a...

Turkey’s national wealth diminished by $190 billion last year: report

Turkey’s national wealth diminished by $190 billion last year due to a currency crisis, Credit Suisse, a Swiss investment banking company, said its ninth...

Turkish inflation hits 25.2 percent in October, highest in 15 years

Annual inflation in Turkey surged to 25.2 percent in October, hitting its highest in 15 years and underscoring the impact on the wider economy...

Pro-gov’t Vatan daily halts print edition, becomes supplement of Milliyet

Turkey’s pro-government Demirören Media Group on Wednesday announced that the Vatan daily would shut down operations and become a weekly supplement of another of...

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...

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...

Turkey struggles to keep bread prices steady amid currency crisis

Turkey has been attempting to keep the price of bread steady amid an ongoing currency crisis. Earlier this week the Trade Ministry rejected a price...

[ANALYSIS] Increasing number of Turkish firms apply for ‘konkordato’ due to currency crisis

Turkey’s sole remaining wooden shoe last manufacturer, Sabo Shoes, on Sept. 25 applied to an İstanbul commercial court of first instance for “konkordato.” On...

Turkish economic confidence suffers biggest slump in a decade

Confidence in Turkey’s economy fell by the most in a decade in September with a 15.4 percent tumble, official data showed on Thursday, reinforcing...

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