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Turkey’s economy contracted 11.8 pct in second quarter: report

Turkey’s economy contracted 11.8 pct in second quarter: report

Turkey’s economy contracted nearly 12 percent in the second quarter due to the coronavirus lockdown, a Reuters poll showed on…
Turkish manufacturers become more optimistic after near standstill: report

Turkish manufacturers become more optimistic after near standstill: report

Turkish manufacturers grew more optimistic and a measure of potential output rose this month as the economy continued to regain…
Erdoğan calls economy summit as lira hits new record low

Erdoğan calls economy summit as lira hits new record low

Turkish President Recep Tayyip Erdoğan called a meeting of the country’s top economy officials for this week as the lira…
Turkish bank bonds trading at distressed levels implies more risk: report

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…
Turkish lira slides again as funding costs edge higher

Turkish lira slides again as funding costs edge higher

Turkey’s lira weakened again on Monday after touching a record low last week, falling 0.8% against the dollar as the…
Turkish inflation dips below expectations in July, currency firms: report

Turkish inflation dips below expectations in July, currency firms: report

Turkey’s consumer price inflation fell to a lower-than-expected 11.76 percent year-on-year in July, official data showed on Tuesday, reversing two…
Turkey’s lira nears record low against euro amid concerns over EU sanctions

Turkey’s lira nears record low against euro amid concerns over EU sanctions

Turkey’s lira approached a record low against the euro on Monday, driven by state interventions that have tied it to…
Turkish parliament allows Erdoğan to extend layoff ban until July 2021: report

Turkish parliament allows Erdoğan to extend layoff ban until July 2021: report

Turkey’s parliament on Thursday approved a law allowing President Recep Tayyip Erdoğan to extend a layoff ban imposed to combat…
Global index provider warns Turkey could be demoted to ‘frontier market’ status: report

Global index provider warns Turkey could be demoted to ‘frontier market’ status: report

Turkey could be demoted to the status of “frontier” market by one of the world’s most important index providers, after…
Turkey’s central gov’t debt jumped 34 percent year-on-year in May: ministry

Turkey’s central gov’t debt jumped 34 percent year-on-year in May: ministry

Turkey’s central government debt totaled 1.63 trillion lira ($238 billion) at the end of May, up 34 percent year-on-year, the…
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