Turkish lira

Turkey says would retaliate against US sanctions over Russian S-400s

Turkey will "take reciprocal steps" if the United States imposes sanctions over the purchase of Russian S-400 defense systems, Turkish Foreign Minister Mevlut Cavusoglu said on Friday.

The Turkish lira weakened briefly to 5.9075 against US dollar after the comment, to its weakest level in two weeks.

Greek fish farming suffering from fierce competition after lira drop

The impact of the collapse in the Turkish lira last year had a predictable impact on Greek fish farming sales.

Although Greek aquaculture companies managed to sell greater quantities in 2018, according to the financial figures they released, the average sale prices dived due to pressures in foreign markets from the much cheaper Turkish fish.