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Police seize $271 million in counterfeit banknotes in İstanbul

Police seize $271 million in counterfeit banknotes in İstanbul

İstanbul police have seized a total of $271,150,000 in counterfeit $100 bills in an operation in İstanbul and detained five…
Reuters poll expects deeper cut in Turkey’s interest rates

Reuters poll expects deeper cut in Turkey’s interest rates

The Turkish Central Bank is expected to cut its key interest rate by 250 basis points from its current 24…
Fitch downgrades 12 foreign owned, 2 state banks’ ratings: statement

Fitch downgrades 12 foreign owned, 2 state banks’ ratings: statement

New York-based Fitch Ratings, one of the big three credit ratings agencies, has downgraded the support-driven Long-Term Foreign Currency Issuer…
Turkey’s June house sales plunge by half year-on-year: report

Turkey’s June house sales plunge by half year-on-year: report

Turkish house sales tumbled 48.6 percent year-on-year in June, the sixth consecutive month of declines, official data showed on Wednesday,…
New central bank governor hints interest rate cuts in first public remarks: report

New central bank governor hints interest rate cuts in first public remarks: report

Turkey’s new central bank governor hinted at rate cuts in his first remarks since taking office nine days ago, emphasizing…
Turkey’s automotive production down 13 pct in first half of 2019

Turkey’s automotive production down 13 pct in first half of 2019

Production in Turkey’s automotive sector fell 13 percent year-on-year in the first six months of the year to 735,062 vehicles,…
Turkey’s April unemployment rate rose 3.3 pct year-on-year to 13 pct

Turkey’s April unemployment rate rose 3.3 pct year-on-year to 13 pct

Turkey’s unemployment rate rose by 3.3 percent year-on-year, reaching 13 percent in April, the Turkish Statistical Institute (TurkStat) announced on…
Turkey’s budget deficit rose 70 percent year-on-year in first half of 2019

Turkey’s budget deficit rose 70 percent year-on-year in first half of 2019

Turkey’s budget deficit reached TL 78.6 billion ($13.77 billion) in the first six months of 2019, increasing by 70 percent…
Number of unemployed in Turkey reaches record high with 4.4 million

Number of unemployed in Turkey reaches record high with 4.4 million

The number of unemployed reached an all-time high in June of 4,417,814, according to Turkish Employment Agency (İŞKUR) data released…
Turkey’s current account deficit shrinks to 16-year low: report

Turkey’s current account deficit shrinks to 16-year low: report

Turkey’s current account deficit has shrunk to its lowest level since 2003, all but eliminating an indicator that was once…
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