Tag: turkish economy

As of June 21, the Turkish Central Bank (CBRT) has announced that its total reserves have soared to an all-time high of $147.6 billion (4.85 trillion TRY), marking a significant ...

Turkey celebrates FATF exit from the Financial Action Task Force (FATF) "grey list" of countries under special scrutiny, marking a significant victory in its efforts to combat financial crime and ...

Turkey has left behind one of the most serious speculative attacks faced in its economic history. After the announcement of the New Economic Program, the Central Bank’s aggressive interest rate ...

Turkey is the secret jewel of Europe. This is well known for those who live there. Many people, especially outside of Europe, aren’t familiar with Turkey. For some, discovery of ...

Deputy PM Babacan says 9.9 percent unemployment rate is in line with 2014 targets. Turkey's Central Bank's policy decisions have helped to calm down the volatility of markets and encourage ...

"Exchange rate fluctuations in recent days are irrelevant to the real economy as such changes do not cause any deterioration in Turkey’s foreign trade balance" 2013 was a tough year ...

Turkish Economy Minister Zafer Çağlayan and Interior Minister Muammer Güler, whose sons were arrested last week on accusations of bribery and corruption, announced their resignations this morning. The announcement came ...

The upcoming local, general and presidential elections threaten the goals of the Medium-Term Program, as they are likely to postpone much needed reforms. Such political uncertainty stands as the biggest ...

Turkey has reported stronger industrial production data in June, signaling greater economic growth for the period. The country’s industrial output in June expanded a seasonally and calendar-adjusted 1.4 percent compared ...

Turkey had attracted around $400 billion of foreign money for the last decade, but foreigners have now stepped back after the FED’s decision to end the liquidity party soon. How ...