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Financials and Investment News in Turkey

Turkey in Weekend Lockdown With Coronavirus Cases at Record Highs
12/6/2020 - Turkey has entered its first full weekend lockdown since May as deaths from coronavirus more than doubled in less than three weeks to hit record highs, with daily infections now among the highest numb...
Turkey Holds Key Rates as Expected on Inflation Outlook
7/27/2017 - Turkey’s central bank kept all its main interest rates unchanged and said it will keep policy tight until the outlook for consumer inflation improves. The lira strengthened.

The regulator hel...
Erdogan Wants Trade with Russia, China in Local Currencies
12/4/2016 - Turkish President Recep Tayyip Erdogan said his country was moving towards allowing trade with Russia, China and Iran to be conducted in local currencies, as he continues his efforts to strengthen the...
Low Inflation in Turkey Reinforces the Direction of the Central Bank to Cut Interest
10/3/2016 - Turkish Minister of Development Lutfi Alwan said that the downward trend in the rate of core inflation in Turkey since February, has become more pronounced in September, reinforcing the direction of t...
Moody's Decision to Downgrade Turkey's Political
9/26/2016 - The Turkish Deputy Prime Minister Numan Kurtulmus criticized after Moody's downgraded its credit rating for the debt of government Ankara to a high degree of risk, saying that a political decision and...
Turkey Labor Ministry Sacks 785 Employees Since Failed Coup
9/22/2016 - Turkey's labour ministry has so far sacked nearly 800 employees over links to a U.S.-based cleric blamed by Ankara for orchestrating a failed coup in July, the minister said.

Around 100,000 p...
Turkey's economy from shock of coup attempt were dashed largely
9/21/2016 - Moody's credit rating, said that the trauma caused to the economy of Turkey due to the failed coup of July 15 dissipated to a large extent, adding that it expects the completion of the assessment of t...
Turkish Minister: Budget Revenues in 8 Months Is Consistent With the Year-End Targets
9/19/2016 - Turkish Finance Minister Naji Iqbal said that his country's budget revenues during the period from January to August, consistent with year-end targets, following the release of official data showed th...
Russia, Turkey to form joint investment fund
9/4/2016 - Russian Economy Minister Alexei Ulyukaev said on Sunday President Vladimir Putin and his Turkish counterpart Tayyip Erdogan had agreed to form a joint investment fund between their two countries.
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Coup Costs Turkey Economy $100 billion
8/2/2016 - The foiled coup attempt seeking to unseat the government of President Recep Tayyip Erdogan has cost the Turkish economy 300 billion lira ($100 billion/90 billion euro), the trade minister was quoted a...
Pakistan, Turkey agree to form strategic economic partnership
8/2/2016 - Pakistan and Turkey agreed to transform their warm relationship into a durable strategic and economic partnership during a delegation level talk headed by visiting Turkish Foreign Minister, Mevlut Cav...
Turkish Tourist Arrivals Plummet 40% in June, Biggest Drop in 22 years
7/28/2016 - The number of foreigners visiting Turkey plummeted more than 40% in June, official data showed, marking the biggest drop in at least 22 years as tensions with Russia and a series of deadly bombings ke...
After failed coup, Turkey's central bank cuts rates again
7/19/2016 - Turkey's central bank cut interest rates for the fifth straight month, lowering its overnight lending rate by an expected 25 basis points days after a failed coup shook the country and briefly roiled ...
Oil Prices Ease as Market Shrugs off Turkey Coup Bid
7/18/2016 - Oil prices fell as traders shrugged off the impact of the attempted coup in Turkey and the market turned its attention to bearish fundamentals, while disruptions to crude exports in Libya lent prices ...
As Turkey's Economy Booms, Deep Inequality Persists
11/28/2012 - Near the shores of the Bosphorus, a few minutes' drive from a bay of million-dollar homes and swaying yachts, lay expensive commercial outlets for the affections of the Istanbul elite inside the glass...

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