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Turkey’s current account posts $1.2 billion year-on-year surplus in July

Turkey’s current account posts $1.2 billion year-on-year surplus in July

Turkey’s current account balance posted a $1.2 billion surplus in July, improving from a $2.2 billion deficit in same period…
Washington-Beijing trade war offers Turkey opportunity to boost trade with US

Washington-Beijing trade war offers Turkey opportunity to boost trade with US

Turkey sees an opportunity to boost trade with the United States amid Washington’s trade war with Beijing, the Turkish trade…
Turkey will lower interest rates to single digits, Erdoğan says

Turkey will lower interest rates to single digits, Erdoğan says

President Recep Tayyip Erdoğan has said Turkey will soon lower interest rates to single digits and that inflation will follow…
Turkey stands to lose $3 bln in trade under no-deal Brexit, says trade minister

Turkey stands to lose $3 bln in trade under no-deal Brexit, says trade minister

Turkey’s exports to the UK are expected to drop by up to $3 billion in the event of a no-deal…
Czech PM says Volkswagen to make large investment in Turkey

Czech PM says Volkswagen to make large investment in Turkey

German carmaker Volkswagen is making a large investment in Turkey, Czech Prime Minister Andrej Babis said on Tuesday, according to…
Contraction in Turkish construction sector to continue despite slight improvement: report

Contraction in Turkish construction sector to continue despite slight improvement: report

The outlook will remain negative for Turkey’s construction sector in the coming quarters even though new construction orders saw a…
Turkey’s inflation drops to 15-month low in August

Turkey’s inflation drops to 15-month low in August

Turkey’s inflation decreased to 15.01 percent year-on-year in August, the lowest point in the last 15 months, according to the…
Automotive sales drop more than 45 pct in first 8 months: report

Automotive sales drop more than 45 pct in first 8 months: report

Automobile and light commercial vehicle sales in Turkey dropped more than 45 percent in the first eight months over the…
Turkish economy contracted less than expected in Q2: report

Turkish economy contracted less than expected in Q2: report

The Turkish economy contracted less than expected in the second quarter, 1.5 percent year-on-year, as it looks to shake off…
Turkey’s foreign trade deficit shrinks by 46.9 pct year-on-year in July

Turkey’s foreign trade deficit shrinks by 46.9 pct year-on-year in July

Turkey’s foreign trade deficit narrowed 46.9 percent year-on-year in July to $3.192 billion, data from the Turkish Statistical Institute (TurkStat)…
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