English

Both the government and the opposition have made a seemingly endless stream of economic pledges in the run-up to Turkey’s crucial May 14 elections. As voters grapple with the worst cost-of-living…Read more →

A return to orthodox economic policies is a key election pledge of Turkey’s opposition bloc. However, the colossal damage of the February earthquakes will make its task much harder should it…Read more →

Turkey will soon set up a multibillion-dollar fund to rebuild vast areas ravaged by two massive earthquakes last month as President Recep Tayyip Erdogan seeks to atone for his government’s much-criticized response…Read more →

Turkey’s economy expanded 5.6% in 2022 at the expense of a runaway inflation, but the working class share from the national income continued to shrink, official data showed Tuesday. The country’s…Read more →

The devastating earthquakes in Turkey’s southeast have sounded alarms over sluggish preparations for a long-feared earth tremor in Istanbul that scientists say is likely in the near future, with potentially catastrophic consequences for the…Read more →

With its economy already fragile, Turkey now braces for a widening budget deficit, fresh inflationary pressures and a blow to its gross domestic product (GDP) after a pair of massive earthquakes devastated…Read more →

The colossal devastation caused by two powerful earthquakes in southern Turkey has rekindled soul-searching and criticism on how prepared the country is for big temblors, even though 70% of its territory is…Read more →

Turkey has announced plans to increase renewable energy use by 2035, but other aspects of its energy strategy remain under criticism, including continued investment in coal-fueled and nuclear power plants. A National…Read more →

Turkish consumer prices rose 1.18% month-on-month in December, while annual inflation dropped to 64.27%, down nearly 20 percentage points from the previous month thanks mainly to a favorable base effect, official data…Read more →

Turkey’s economic growth — a goal that President Recep Tayyip Erdogan has adamantly pursued at the expense of an inflation storm — is running out of steam ahead of crucial…Read more →

Turkey’s annual consumer inflation eased to 84.4% in November from a 24-year high of 85.5% the previous month, slowing for the first time in 18 months, official data showed Monday. Prices rose 2.9%…Read more →

Turkey’s government is on a quest to secure new foreign exchange inflows from “friendly” countries, among them Saudi Arabia and Qatar, as international observers warn that a fresh currency crisis…Read more →

Turkey’s annual consumer inflation eased to 84.4% in November from a 24-year high of 85.5% the previous month, slowing for the first time in 18 months, official data showed Monday. Prices rose 2.9%…Read more →

Turkish officials have been hailing a notable rise in the country’s exports, but the increase has been marked by price cutting while the country’s imports have grown more expensive, official…Read more →

Turkey’s annual consumer inflation climbed to a 24-year high of 85.5% in October as prices rose 3.5% month-on-month, the statistics agency announced Thursday amid growing doubts that it could be glossing over…Read more →