We use cookies and other data for a number of reasons, such as keeping FT Sites reliable and secure, personalising content and ads, providing social media features and to analyse how our Sites are used.
Add this topic to your myFT Digest for news straight to your inbox
President Recep Tayyip Erdoğan under pressure to turn around the economy ahead of a general election set for May
Annual figure drops to 64.3% in December, a sharp decrease from record levels of around 85% in previous 2 months
Cheap lira and closer ties with Russia boost trade, aiding Erdoğan’s re-election hopes
Istanbul bourse has surged more than 100% in US dollar terms since end of 2021
Help for workers comes as president prepares for tough elections next year
Investment from new allies will ease pressure on Erdoğan to change ruinous economic policies
Transaction would follow diplomatic push by Erdoğan to attract Saudi cash to crisis-hit economy
Nureddin Nebati pushes back against western worries over ties between Ankara and Moscow
Central bank imposes bigger than expected reduction to 10.5% as Erdoğan battles to bring down borrowing costs
Country’s president lays ground for next year’s vote with bumper housing package
September’s price rises are the worst since president’s ruling party came to power 20 years ago
Decision comes at a time when central banks around the world have been raising borrowing costs
Executives consider wage rises and managing forex exposure as they grapple with latest crisis
Washington to target banks that are integrated into Mir processing system
$24.4bn, layin’ right there in the street
Ankara insists price pressures will ease soon but economists warn rate could remain uncomfortably high
Businesses in Cappadocia region say every dollar and euro counts as country faces soaring energy import bill
Currency slides after central bank loosens policy further and lowers rate to 13%
Mediterranean neighbours seek to repair relations after 2018 rift over killing of Palestinian protesters
Value of goods sold soars 46% as companies fill trade void created by war sanctions
President ‘out of options’ as widespread hardship hands chance to opposition parties
Disruption to food and energy imports caused by war in Ukraine adds to pressure on prices
Ekrem İmamoğlu says company leaders are ‘culpable’ for Turkey’s economic crisis
Cargo prevented from entering Black Sea port after Kyiv complains of resources stolen in invasion
Inflationary pressures fuelled by fall in lira mean president’s move will do little to support households, analysts say
International Edition
