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Turkish central bank cuts rate for fourth consecutive month

Turkey's central bank said on Thursday it had cut its main policy rate for the fourth consecutive month despite high inflation, Agence France-Presse reported. On...

Turkish unemployment rate rises to 10.1 percent in September

Turkey's unemployment rate rose 0.3 percentage points month-on-month to 10.1 percent in September, while a seasonally adjusted measure of labor underutilization rose to 20.3...

[OPINION] Turkey becomes a haven for black money

Türkmen Terzi An influx of suspicious money has helped the Turkish economy boost its foreign reserves, according to reports by Bloomberg and the Financial Times...

Turkey’s current account remains in deficit for 10th month: report

Turkey’s current account remained in deficit for a 10th consecutive month as the trade balance took a hit from a global rally in energy...

Turkey’s trade deficit jumps 160 percent in August: report

Turkey's foreign trade deficit surged 159.9 percent year-on-year to $11.19 billion in August, with imports rising 40.4 percent, Reuters reported, citing data from the...

Turkish factory activity contracts for sixth straight month in August: report

Activity in the Turkish manufacturing sector shrank for the sixth month running in August as demand contracted sharply, leading to a slowdown in output,...

Turkey’s economy grew 7.6 percent in Q2 driven by domestic demand, exports

Turkey's economy grew 7.6 percent year-on-year in the second quarter as expected, extending a hot streak on strong domestic demand and exports, according to...

İstanbul attracted highest monthly number of tourists in past decade in July

İstanbul attracted more than 1.7 million foreign tourists in July, the highest number of tourists visiting the city in a month in the past...

Turkey’s economy expanded 7.5 percent in Q2, seen slowing in H2: report

Turkey's economy expanded 7.5 percent annually in the second quarter of the year, a Reuters poll showed on Wednesday, while the full-year growth forecast...

Turkey stuns markets by cutting rate despite soaring inflation

Turkey's central bank on Thursday stunned the markets by lowering its main interest rate even as inflation soared to a 24-year high and looks...

Turkish unemployment falls to 10.9 percent in May

Turkey's unemployment rate dropped 0.3 percentage points month-on-month to 10.9 percent in May, while a seasonally adjusted measure of labor underutilization rose 0.8 points...

Turkey’s troubled lira rallies on ‘backdoor capital controls’

Turkey's beleaguered lira extended its biggest rally of the year on Monday in response to a new rule that effectively forces many banks to...

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