Turkey

Turkey’s private sector has started to make calculations as to how the government’s pledged increase of the minimum wage will affect overheads. The minimum wage is expected to be...

A number of economic reforms are in the pipeline to boost the Turkish economy following the Nov. 1 elections, Turkish Finance Minister Mehmet Şimşek has said in an interview...

Turkey’s exports declined by 1.5 percent to $12.3 billion in October, although exports saw a 10 percent increase on an amount (kilogram) basis compared to the same month of...

Turkey’s credit outlook will hinge on the new government’s ability to tackle slowing growth and high inflation as credit risks of the country still remain, ratings agency Moody’s said...

Four major Greek banks must find up to 14.4 billion euros ($15.8 billion) to survive potential economic shocks, the European Central Bank said on Oct. 31, releasing the results...

Prime Minister Ahmet Davutoğlu has instructed his party officials to draft an urgent action plan to keep the election promises he has made – particularly in regard to the...

Activity in China’s vast manufacturing sector shrank in October for the third straight month, officials said on Nov. 1, fuelling fears that growth in the world’s second largest economy...

After the Justice and Development Party (AKP) secured an unexpected victory in Turkey’s Nov. 1 snap election, receiving enough parliamentary seats to form a single-party government for four years,...

Turkey has spent over $8 billion for more than 2.1 million Syrian migrants in the last 4.5 years in line with its “Open Door Policy” with Syria. The country's...

The outcome of Turkey’s general election on Nov. 1, which saw the Justice and Development Party (AKP) regain its parliamentary majority, follows a period of heightened political uncertainty that...