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Erdoğan says central bank governor fired for refusing to cut interest rates: report

Erdoğan says central bank governor fired for refusing to cut interest rates: report

In a meeting with his party’s deputies Turkish President Recep Tayyip Erdoğan said he sacked the central bank governor for…
Turkey’s inflation rate hits 12-month low in June

Turkey’s inflation rate hits 12-month low in June

Turkey’s annualized rate of inflation stood at 15.72 percent in June, hitting a 12-month low, the statistical authority said on…
Turkish auto market halved in first 6 months

Turkish auto market halved in first 6 months

Turkey’s automobile market saw a decline of 45 percent in the first half of 2019, the Diken news website reported.…
Turkey’s foreign trade deficit decreases 77 percent

Turkey’s foreign trade deficit decreases 77 percent

The Turkish Statistical Institute (TurkStat) on Friday released the country’s provisional foreign trade statistics for May, which point to a…
Volkswagen mulling €2 bln factory investment in Turkey: report

Volkswagen mulling €2 bln factory investment in Turkey: report

German car manufacturer Volkswagen is considering establishing a €2 billion car assembly plant in Turkey, Frankfurter Allgemeine Zeitung (FAZ) reported.…
Business closures up 20 percent in Turkey

Business closures up 20 percent in Turkey

The number of companies ceasing operations grew by 20 percent last month, according to figures provided by the Turkish Union…
Turkish consumer confidence bounces back from record lows

Turkish consumer confidence bounces back from record lows

Turkey’s consumer confidence improved 4.3 percent in June, after dropping to the lowest level on record in May, the Diken…
Turkey’s red meat imports jumped by 233 percent in 2018: report

Turkey’s red meat imports jumped by 233 percent in 2018: report

Turkey’s imports of red meat increased by 233 percent in 2018, while its red meat production dropped significantly, according to…
Moody’s downgrades Turkey rating to B1, ministry challenges move

Moody’s downgrades Turkey rating to B1, ministry challenges move

Moody’s cut Turkey’s sovereign credit rating deeper into “junk” territory on Friday, saying the risk of a balance of payments…
BDDK denies filing complaints over critical comments about Turkey’s currency crisis

BDDK denies filing complaints over critical comments about Turkey’s currency crisis

Turkey’s Banking Regulation and Supervision Agency (BDDK) on Friday denied media reports claiming that it filed criminal complaints about dozens…
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