All News on Economics in Turkey
Turkey's inflation eases in March as food prices drop
Annual inflation in Turkey fell unexpectedly in March, mainly due to a sharp decline in food prices, according to official data released on April 4.
The Turkish Statistics Institute (TÜ?K) said the annual consumer price index fell to 7.46 percent in March. February's rate stood at 8.78 percent.
Political climate obstructing growth
The onset of spring has seen a rally in emerging economies like Turkey, but the country's political risks are likely to rule out further growthThe European Central Bank's negative step on interest rates, as well as the U.S. Fed's postponement of its rate operation, look as if they have created a doping effect on "emerging economies," which also includes Turkey.
Central Bank head says forex, food hikes caused 2015 inflation target miss
Central Bank Gov. Erdem Ba?ç? has said the main reason the 2015 inflation target could not be reached was cumulative rises in foreign exchange rates and food prices, in response to a question from a main opposition party deputy.
Turkey's jobless rate hits 10-month high: Data
Turkey's unemployment rate rose to a 10-month high of 10.8 percent in December 2015 from 10.5 percent in the previous month, data from the Turkish Statistics Agency (TÜ?K) showed on March 15. The rate was 10.9 percent in December 2014, according to official data.
Turkey's inflation eases as food prices slow down
Turkey's inflation rate slowed down more than forecast in February as increases in food prices lost pace, according to Turkish Statistics Institute (TÜ?K) data released on March 3.
AKP deputy opens electricity hike to debate in commission
Recent hikes in electricity costs have produced anger even among ruling Justice and Development Party (AKP) parliamentarians, prompting a defense from the Energy Ministry.
OECD cuts 2016 growth forecast, addresses risks emerging markets
The Organization for Economic Cooperation and Development (OECD) on Feb. 18 cut its 2016 economic growth forecast to 3 percent from 3.3 percent owing to disappointing data, sluggish demand, weak investment and a high risk of financial instability.
25 percent of foreign investments in real estate
The most desired aspect of foreign capital investments is foreign direct investment, but in Turkey's case, this item has a share of just one-fourth of the total inflow, almost equal to real estate purchasesForeign direct investments to Turkey, particularly after 2003, increased visibly compared to previous years.
Turkey's current account deficit narrows as oil prices continue to drop
Turkey's current account deficit narrowed to $2.1 billion in November 2015, a decrease of $3.689 billion from November of the previous year, the Turkish Central Bank said in a statement on Jan. 11.
Economic confidence index slips in December
Economic confidence index decreased by 3.8 percent to 100.18 in December compared to previous month, amid rising tension between Turkey and Russia and uncertainties resulting from the rate hike decision by the U.S. Federal Reserve (Fed).
Flow of Illegal Migrants at Bulgaria's Lesovo Increases - bTV
Bulgarian authorities have been faced with increased flow of illegal migrants across the country's border with Turkey in recent days, bTV broadcaster reported on Tuesday.
Several groups of migrants have been detained by border police while trying to illegally cross into Bulgaria at Lesovo checkpoint, the TV channel said citing prosec?ting authorities in the nearby town of Elhovo.
Turkish industrialists want reforms from new cabinet
Turkey's new government should accelerate structural reforms, particularly in taxes and the judicial system, as well as support minimum wage payments, Turkish industrialists have said.
Turkish investment agency hopeful for 2016
After months of a decline amid elections, security concerns and a slow recovery in Europe and the U.S., officials from the Turkish Prime Ministry Investment Agency have expressed hope about a rise in investments in 2016.
Net error and omission of $42 billion in 14 years - Is this unregistered capital inflow or black money?
There has been a dramatic rise in the amount of unregistered money inflow to Turkey, creating some question marks about the origins of this moneyIn the first nine months of the year 2015, Turkey's chronic illness or current account deficit was $25 billion. This deficit was $46 billion the entire year of 2014. For the whole year 2015, it looks as if it will be $42 billion.
Turkey posts current account surplus
Turkey ran a current account surplus of $95 million in September, contrary to an expected $27 million deficit, marking the second time the country recorded a surplus in the balance of payments since 2009.
The 12-month rolling current account deficit stood at $40.6 billion, or about 5 percent of the GDP.