Turkish currency and debt crisis
Turkey's 12-month current account deficit stands at $57.4 billion
Turkey's current account deficit stood at $2.97 billion in June in line with forecasts, data from the Central Bank has shown.
Turkey's banks will 'comfortably' renew funding: Association chair
Turkey's banks will not have problems renewing non-deposit funding, the head of the country's banks association said on Aug. 8, as an ongoing sell-off in the Turkish Lira has raised concern about the outlook for banks.
Turkish Lira hits record low after US says reviewing duty-free access
The Turkish Lira reached a record low against the dollar on Aug. 6, after the Trump administration said it was reviewing Turkey's duty-free access to the United States market, a move that could affect $1.66 billion of Turkish imports.
Turkey’s biggest employers announced
Turkey’s biggest employers have been announced. Click through for the top 25 Turkish companies by number of employees according to Capital magazine’s August 2018 issue...
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Turkish Lira skids past 5 to the dollar on US sanctions news
The Turkish Lira slid to a record low beyond 5 to the dollar and stocks fell on Aug. 2, after the United States imposed sanctions on two Turkish ministers over the trial of a U.S. pastor accused of backing terrorism.
High inflation, interest rates hurt businesses: Top business body
A number of problems have been hindering businesses to raise their competitiveness and to take new investment decisions in Turkey, including a weaker Turkish Lira, rising inflation rates and high interest rates, the head of the country's to business association has said.
Economic confidence higher in July
Economic confidence in Turkey improved in July, rising 2 percent, the Turkish Statistical Institute (TÜİK) reported on July 30.
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Turkey's Central Bank leaves policy rate unchanged, lira falls
The Turkish Central Bank has decided to keep the one-week repo rate -- policy rate -- constant at 17.75 percent, bucking expectations of an increase after inflation spiked to a 14-year high in June.
Consumer confidence index goes up in July
Turkish consumers' confidence in the country's economy has gone up in July, rising 4 percent month-on-month, according to Turkey's statistical authority TÜİK's statement on July 23.
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Turkey’s industrial production decreased 1.6 percent in May
Turkey’s industrial output contracted 1.6 percent in May compared with the previous month, the Turkish Statistical Institute (TÜİK) announced on July 17.