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Diplomacy

Sanctions imposed by US shattering its own reputation, Turkish FM says

Sanctions imposed by the United States on Turkey are shattering the US’s reputation, Turkey’s Foreign Minister Mevlüt Çavuşoğlu warned on Tuesday, the Hürriyet Daily...
Business

Erdoğan advisor says people returning to Turkish lira will profit in 12-48 months

Yiğit Bulut, one of the chief advisors to Turkish President Recep Tayyip Erdoğan, has said people who exchange foreign currency for Turkish lira will...
National

Tourists flocking to malls before international brands raise prices in Turkey

Tourists in Turkey are rushing to malls to buy luxury goods for less before international brands adjust their prices upward to reflect the current...
Diplomacy

Merkel: Germany would like to see an economically prosperous Turkey

Chancellor Angela Merkel said on Monday that Germany wants to see economic prosperity in Turkey and that Ankara should ensure the independence of its...
Business

Markets still rattled as Turkish lira pulls back from record low

Turkey’s lira pulled back from a record low of 7.24 to the dollar on Monday after the central bank pledged to provide liquidity and...
National

Opposition leaders lend support to Turkish gov’t amid economic meltdown

The leaders of two opposition parties in Turkey have extended their support to the Turkish government in the wake of the deterioration of the...
Business

Prominent Turkish businesswoman says has full faith in economy minister, new economic model

The chairperson of one of the leading business conglomerates in Turkey, Güler Sabancı, has said she has full faith in Turkey’s Finance and Treasury...
Business

Albayrak’s ‘new economy approach’ unhelpful to Turkish lira’s free fall

Finance and Treasury Minister Berat Albayrak held a meeting on Friday at Dolmabahçe Palace in İstanbul to announce the policies Turkey would adopt for...
Business

Turkish lira crashes to record low on worries over economy, US row

Turkey’s lira plunged to 6.30 against the US dollar on Friday as worries about President Tayyip Erdoğan’s influence over monetary policy and worsening US...
Business

Erdoğan: If they have their dollars, we have our God

Turkish President Recep Tayyip Erdoğan on Thursday tried to calm the Turkish people over the historic loss in value of the Turkish lira against...
Business

Fitch says Turkey needs to quickly halt sharp slide of lira: report

Turkey needs to halt the sharp slide of the lira quickly, credit rating agency Fitch told Reuters on Thursday, warning the country's situation had...
Business

New economic model for Turkey to be announced on Friday: minister

Turkish Treasury and Finance Minister Berat Albayrak is set to announce a "framework for a new economic model" on Friday, the ministry has announced,...
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