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    Turkish economy

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    • Thursday, 26 January, 2023
      Turkey unveils foreign currency scheme to prop up lira

      President Recep Tayyip Erdoğan under pressure to turn around the economy ahead of a general election set for May

    • Tuesday, 3 January, 2023
      Turkish inflation falls more than expected on lower fuel costs

      Annual figure drops to 64.3% in December, a sharp decrease from record levels of around 85% in previous 2 months

    • Monday, 2 January, 2023
      Turkish exports hit record high in 2022

      Cheap lira and closer ties with Russia boost trade, aiding Erdoğan’s re-election hopes

    • Friday, 30 December, 2022
      Turkish stocks soar as local investors seek refuge from blistering inflation

      Istanbul bourse has surged more than 100% in US dollar terms since end of 2021

    • Thursday, 22 December, 2022
      Erdoğan raises Turkey’s minimum wage by 55%

      Help for workers comes as president prepares for tough elections next year

    • Wednesday, 23 November, 2022
      Lex
      Turkey/Egypt: Gulf funding is a warning to investors to steer clear Premium content

      Investment from new allies will ease pressure on Erdoğan to change ruinous economic policies

    • Wednesday, 23 November, 2022
      Saudi Arabia in talks to deposit $5bn into Turkey’s central bank

      Transaction would follow diplomatic push by Erdoğan to attract Saudi cash to crisis-hit economy

    • Tuesday, 25 October, 2022
      Turkish finance minister defends economic links with Russia

      Nureddin Nebati pushes back against western worries over ties between Ankara and Moscow

    • Thursday, 20 October, 2022
      Turkey
      Turkey cuts benchmark interest rate despite rampant inflation

      Central bank imposes bigger than expected reduction to 10.5% as Erdoğan battles to bring down borrowing costs

    • Wednesday, 19 October, 2022
      Turkish politics
      Erdoğan gears up for huge pre-election spending spree in Turkey

      Country’s president lays ground for next year’s vote with bumper housing package

    • Monday, 3 October, 2022
      Turkish inflation tops 83% as Erdoğan promises more rate cuts

      September’s price rises are the worst since president’s ruling party came to power 20 years ago

    • Thursday, 22 September, 2022
      Turkey’s central bank cuts rates despite rampant inflation

      Decision comes at a time when central banks around the world have been raising borrowing costs

    • Friday, 16 September, 2022
      News in-depth
      Turkey’s ‘Darwinian’ companies ride out 80% inflation

      Executives consider wage rises and managing forex exposure as they grapple with latest crisis

    • Thursday, 15 September, 2022
      War in Ukraine
      US and EU step up pressure on Turkey over Russia sanctions

      Washington to target banks that are integrated into Mir processing system

    • Tuesday, 13 September, 2022
      Who’s stuffing Turkey?

      $24.4bn, layin’ right there in the street

    • Monday, 5 September, 2022
      Turkey
      Turkish inflation tops 80% for first time in 24 years

      Ankara insists price pressures will ease soon but economists warn rate could remain uncomfortably high

    • Tuesday, 23 August, 2022
      News in-depth
      Turkey taps tourism revenues in effort to steady its fragile economy

      Businesses in Cappadocia region say every dollar and euro counts as country faces soaring energy import bill

    • Thursday, 18 August, 2022
      Turkey surprises with interest rate cut as inflation soars

      Currency slides after central bank loosens policy further and lowers rate to 13%

    • Wednesday, 17 August, 2022
      Middle Eastern politics & society
      Turkey and Israel to appoint ambassadors and restore diplomatic ties

      Mediterranean neighbours seek to repair relations after 2018 rift over killing of Palestinian protesters

    • Tuesday, 16 August, 2022
      Surge in Turkish exports to Russia raises western fears of closer ties

      Value of goods sold soars 46% as companies fill trade void created by war sanctions

    • Thursday, 7 July, 2022
      News in-depth
      Fruit becomes a luxury in Erdoğan’s Turkey as inflation threatens re-election bid

      President ‘out of options’ as widespread hardship hands chance to opposition parties

    • Monday, 4 July, 2022
      Turkish inflation nears 80% as Erdoğan’s monetary policy takes toll

      Disruption to food and energy imports caused by war in Ukraine adds to pressure on prices

    • Monday, 4 July, 2022
      Turkish politics
      Istanbul mayor urges Turkish business community to show ‘courage’ towards Erdoğan

      Ekrem İmamoğlu says company leaders are ‘culpable’ for Turkey’s economic crisis

    • Sunday, 3 July, 2022
      War in Ukraine
      Ukraine says Turkey has halted Russian vessel carrying looted grain

      Cargo prevented from entering Black Sea port after Kyiv complains of resources stolen in invasion

    • Friday, 1 July, 2022
      Erdoğan raises Turkey’s minimum wage for second time in six months

      Inflationary pressures fuelled by fall in lira mean president’s move will do little to support households, analysts say

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