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Turkish lira slides again as funding costs edge higher
August 10, 2020
Turkish lira slides again as funding costs edge higher
Turkey’s lira weakened again on Monday after touching a record low last week, falling 0.8% against the dollar as the…
Turkish inflation dips below expectations in July, currency firms: report
August 4, 2020
Turkish inflation dips below expectations in July, currency firms: report
Turkey’s consumer price inflation fell to a lower-than-expected 11.76 percent year-on-year in July, official data showed on Tuesday, reversing two…
Turkey’s lira nears record low against euro amid concerns over EU sanctions
July 27, 2020
Turkey’s lira nears record low against euro amid concerns over EU sanctions
Turkey’s lira approached a record low against the euro on Monday, driven by state interventions that have tied it to…
Turkish parliament allows Erdoğan to extend layoff ban until July 2021: report
July 24, 2020
Turkish parliament allows Erdoğan to extend layoff ban until July 2021: report
Turkey’s parliament on Thursday approved a law allowing President Recep Tayyip Erdoğan to extend a layoff ban imposed to combat…
Global index provider warns Turkey could be demoted to ‘frontier market’ status: report
June 24, 2020
Global index provider warns Turkey could be demoted to ‘frontier market’ status: report
Turkey could be demoted to the status of “frontier” market by one of the world’s most important index providers, after…
Turkey’s central gov’t debt jumped 34 percent year-on-year in May: ministry
June 23, 2020
Turkey’s central gov’t debt jumped 34 percent year-on-year in May: ministry
Turkey’s central government debt totaled 1.63 trillion lira ($238 billion) at the end of May, up 34 percent year-on-year, the…
Turkish companies start using yuan funding after Chinese swap deal: report
June 22, 2020
Turkish companies start using yuan funding after Chinese swap deal: report
Turkey’s central bank said Turkish companies last week used Chinese yuan funding for the first time under a swap agreement…
Turkey’s troubled tourism sector faces critical week as borders reopen: report
June 22, 2020
Turkey’s troubled tourism sector faces critical week as borders reopen: report
Turkey’s Mediterranean coasts and historic attractions face a critical week as the government presses to open borders and salvage at…
Turkey’s consumer confidence stays in pessimistic territory in June: report
June 22, 2020
Turkey’s consumer confidence stays in pessimistic territory in June: report
Turkey’s consumer confidence index edged up to 62.6 points in June from 59.5 the previous month, remaining deep in pessimistic…
With economy reopening, Turkey to halt worker pay system: report
June 17, 2020
With economy reopening, Turkey to halt worker pay system: report
Turkey, which reopened its economy this month after a coronavirus-related lockdown, will deactivate a temporary pay system used over the…