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Central bank lifts borrowing costs to 30% as part of efforts to tackle high inflation
As the 100th anniversary of the republic approaches, the west should take care not to assist in the burial of democracy
Ankara seeks to emphasise its traditional role as a route for goods moving from Asia to Europe
Émigré hackers fleeing Putin’s military conscription prompts surge in activity involving stolen financial data
VakifBank bond and Ebebek IPO show overseas funds willing to test waters after deserting country in recent years
President vows to use ‘tight monetary policy’ in sharp about-turn
Also in this newsletter: Can Erdoğan convince Putin to resuscitate the Ukraine grain deal?
GDP growth of 3.8% beats forecasts on back of post-earthquake reconstruction and credit-fuelled consumption
Ali Sabancı and Vuslat Doğan Sabancı being treated in hospital
Central bank continues to unwind unorthodox position favoured by Erdoğan as it seeks to stem runaway inflation
Companies raise nearly $2bn on Borsa Istanbul as they tap into retail trading frenzy
Erdoğan continues retreat from unconventional economic policies that stoked inflation crisis
Ekrem İmamoğlu seeks to win race seen as crucial signal of opposition’s ability to counter Turkish president
Figure for June is first time country’s balance of payments has not recorded a deficit since 2021
Visitor numbers rising but those in the sector say cost of living crisis means travellers are spending less once they arrive
Weak lira and government’s stimulus programme push prices higher, adding to strain on consumers
Locals seek shield from rising prices in equities while president Erdogan’s pivot to ‘rational’ policymaking lures foreign buyers
Demand for bars rises 7% in three months thanks to corporates and wealthy individuals
International investors are alert to signs that Erdoğan is finally addressing the country’s ills
Three deputy governors recruited to work alongside recently appointed bank chief Hafize Gaye Erkan
Central bank has doubled interest rates in past two months but many economists say more must be done
Rönesans chief Erman Ilıcak tells FT he is ‘very optimistic’ about shift away from inflationary policies
Kremlin proposal would involve both Qatar and Turkey but neither has agreed to the idea
Central bank raises 1-week repo rate by 2.5 percentage points to 17.5% but limited increase prompts concerns
Erdoğan seeks support for economy with trade and business deals and backing for earthquake reconstruction
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