Business
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Turkey’s June house sales plunge by half year-on-year: report
July 17, 2019
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
July 17, 2019
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
July 17, 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
July 17, 2019
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
July 17, 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
July 12, 2019
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
July 11, 2019
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…
Turkey’s currency weakens after Erdoğan fires central bank governor
July 10, 2019
Turkey’s currency weakens after Erdoğan fires central bank governor
Turkey’s lira weakened on Monday after President Recep Tayyip Erdoğan dismissed the central bank governor, reigniting concerns about political interference…
Erdoğan’s AKP proposing changes to Turkish Central Bank legal reserves
July 10, 2019
Erdoğan’s AKP proposing changes to Turkish Central Bank legal reserves
Turkish President Tayyip Erdoğan’s Justice and Development Party (AKP) is proposing changes in the central bank’s legal reserve ratios, party…
Economist exposes plagiarism in new Turkish central bank governor’s master’s thesis
July 10, 2019
Economist exposes plagiarism in new Turkish central bank governor’s master’s thesis
Murat Uysal, Turkey’s new central bank governor, became a controversial subject on social media after a Turkish economist on Twitter…