The United States imposed sanctions on Tuesday against Venezuela’s state-run gold mining company Minerven and its president, Adrian Perdomo, accusing […]
Treasury and Finance Minister Albayrak’s comments yesterday on the Turkish economy appeared rather puzzling and perhaps to some degree amusing […]
As per the official data, homes in Turkey fell by an annual 18% to 78,450 units last month. Home sales fell […]
Turkey’s sovereign wealth fund denied reports that it would be sold according to Dünya newspaper. The institution in a statement […]
The unemployment rate (SA) in Turkey rose in December to the highest level since September 2009, as job creation lost […]
Turkey’s budget posted a deficit of 16.8 billion liras ($3.1 billion) in February, widening more than eight-fold from the same […]
Today Turkey’s economy is in recession. This has its roots in politics. According to official stats, the economy shrank […]
Turkey’s industrial production started the new year with an upswing, as it fell by 7.3% YoY in both unadjusted and […]
Turkey’s January current account deficit registered as $813 million, in parallel with survey expectations. Thus, CAD decreased by 88.4% YoY, […]
Turkey officially entered recession at the end of last year, with its second quarter GDP officially announced at -3% growth year-on-year. […]
Promising to stick to a tight monetary policy until inflationary pressures ease, he Monetary Policy Council of Central Bank (CBRT) […]
Turkish Competition Authority has launched an investigation into 23 supermarket chains over claims of exorbitant water, vegetable and fruit prices to determine whether […]
Turkey’s acquisition of the Russian S-400 air defence system will have grave consequences for the United States’ defense relationship with Turkey, […]
Turkey’s finance ministry is reportedly trying find a source of funding to inject into state-owned lenders. People familiar with the […]
The Consumer price index (CPI) increased by 0.16% in February below the average market expectation of 0.5%; carrying the yoy CPI […]
Turkish February CPI rose by 0.16% MoM, bringing down the annual figure to 19.67%, a six-month low, from a […]
Turkey’s economic confidence index this February rose 1.2 percent month-on-month to 79.4 up from 78.5 in January. The uptick was rooted in gains in real sector […]
The Government is working on new measures to support the real sector directly and stimulate household consumption Following an estimated […]
As was informed by Treasury and Finance Minister Albayrak back in mid-January, Turkey is selling samurai bonds as part of its […]
As evident from the contracting domestic demand, consumers in Turkey refrain from spending amidst the tough economic conditions. The consumer […]
Standard and Poor’s said on Tuesday that it expects the non-performing loan (NPL) ratio in Turkey’s banking sector to double […]
Turkey’s brand-name conglomerates are hastily disposing assets to slash debt burdens, even though the currency has calmed down since the […]
The CBRT’s weekend RRR action… The CBRT via a weekend press release cut TRY reserve requirement rates (RRR) by 100 […]
The central government budget posted a TL5.1bn headline surplus in January (released on Friday, 15 Feb) compared to a TL1.7bn […]
The brief report issued by the agency did highlight some room for improvement, but mainly gave voice to downside risks. […]
Deteriorating confidence, corporate debt woes and high inflation are taking their toll on economic growth, and subsequently on employment. Headline […]
While Turkey’s economic agenda is full of news about the high food price inflation and the government’s unsustainable solutions to […]
Bank of America Merrill Lynch experts toured Turkish government officials, company execs and independent experts for three days, to draw […]
Official stats don’t do justice to Turkey’s deepening recession. Data from industries, which tend to be more update paint the […]
Turkey’s Trade Ministry officials conducted raids on wholesale vegetable markets in five different provinces, announcing that the ministry will soon […]
Last year’s currency crisis is continuing to take its toll on the Turksh economy as it has going through a severe […]
January headline CPI inflation print was not surprising in the sense that it almost met the average expectations. Furthermore, the […]
Food and alcoholic beverages prices in Turkey rose by 6% in January and ca 30% YoY, causing loud mumblings among […]
Turkey is stuck in a textbook stagflation, with Turkstat almost certain to call a second quarterly decline in GDP later […]
Turkey’s foreign trade deficit shrank by an annual 71% to USD2.67bn in December as the monthly imports slumped 28% to USD16.6bn […]
Turkey’s struggle against inflation is yet to bear any visible results, according to the venerable monthly survey of Reuters, with […]
The Erdogan administration has behaved exceptionally well in terms of economic discipline, ahead of crucial municipal elections, despite most polls […]
Turkish Minister of National Defense Hulusi Akar stated on Tuesday the end of all preparations for carrying out a new […]
Reportedly, the AKP government will tighten its grip on supermarkets in an effort to oversight how they set prices as it […]
Economy czar Mr. Berat Albayrak heralded in Davos that Turkey will not experience a recession in 2019, sounding certain to […]
Turkish President Tayyip Erdogan on Monday called on companies to lower their prices and cut profits if necessary, to help […]
Turkey has permanently settled into a double-digit inflation aquarium, the return from which would require not only painful fiscal and […]
The European Commission’s move to extend its steel import restrictions threatens to force Turkish mills, already buckling under the weight […]
President Recep Tayyip Erdogan was granted emergency powers that give him broad authority to act when Turkey’s financial stability is […]
I’m not a Turk, but have lived here long enough to acquire a rudimentary understanding of the innerworkings of Turkish […]
