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Izmir follows Ankara’s bread price increase

Izmir follows Ankara’s bread price increase

The price of 250 grams of bread in Izmir city has increased to 1.5 lira (0.25 USD) – a 25…
Turkey’s consumer confidence surges by 3.4 percent, signaling recovery from currency crisis

Turkey’s consumer confidence surges by 3.4 percent, signaling recovery from currency crisis

Turkey’s consumer confidence index rose by 3.4 percent in April, reaching 84.7 points, the Turkish Statistical Institute (TurkStat) said on…
İstanbul election challenges, strained US relations lead Turkish lira to hit 6-month low

İstanbul election challenges, strained US relations lead Turkish lira to hit 6-month low

The Turkish lira hit its weakest intraday level against the dollar since mid-October on Wednesday as investors weighed up risks…
Turkish lira plunges to 6-month low as possibility of new election in İstanbul lingers

Turkish lira plunges to 6-month low as possibility of new election in İstanbul lingers

The value of the Turkish lira plunged on Thursday to 5.85, the lowest in six months against the US dollar,…
Prominent economist claims Turkey’s real inflation much higher than statistical authority says

Prominent economist claims Turkey’s real inflation much higher than statistical authority says

Steve Hanke, a professor of applied economics at John Hopkins University and former senior economist with a Reagan White House…
Turkey’s quarterly budget deficit reaches half its total amount in 2018

Turkey’s quarterly budget deficit reaches half its total amount in 2018

Budget statistics announced by the Ministry of Treasury and Finance have revealed that Turkey’s budget deficit in the first three…
Turkey’s finance minister fails convince global investors: report

Turkey’s finance minister fails convince global investors: report

Turkish Finance Minister Berat Albayrak offered little convincing detail of his economic turnaround plan and failed to enthuse investors at…
Turkey starts imposing VAT on Facebook ads

Turkey starts imposing VAT on Facebook ads

The Turkish government has begun imposing Value Added Tax (VAT) on Facebook ads, the Bloomberg HT news website reported on…
Reuters poll: Turkish lira will plunge to 6.25 against US dollar in a year

Reuters poll: Turkish lira will plunge to 6.25 against US dollar in a year

A Reuters poll on Friday forecast that the Turkish lira would continue falling, plunging to 6.25 to the US dollar…
Volatile Lira continues uncertainty in the aftermath of local elections

Volatile Lira continues uncertainty in the aftermath of local elections

Foreign exchange fluctuation is continuing in the Turkish market after the 31st March local election with the Lira weakening 2…
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