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ARTICLE SUMMARYHaving borrowed 1 billion euros from foreign lenders, Turkey’s controversial sovereign wealth fund has turned to rescuing troubled construction companies. REUTERS/Murad Sezer/File PhotoSarphan Finans Park (L), a project as part…Read more →

Turkey’s gross domestic product shrank 1.5% year-on-year in the second quarter, according to official figures released this week, with a dramatic decrease in investments standing out as a major driver of the…Read more →

Turkey’s ruling Justice and Development Party (AKP), in power since 2002, has seen a sharp decline in its political fortunes over the past year, with the crisis bruising the country…Read more →

For the first time in a long time, Turkey’s current account has shown a surplus on a monthly basis, bringing the 12-month current account gap to a 16-year low, according…Read more →

In a memorable interview in May 2018, Turkish President Recep Tayyip Erdogan advocated low interest rates as a way to reduce inflation, defying conventional economic theory. “When we look at the cause and…Read more →

The June 23 rerun of the mayoral election in Istanbul ended in a big debacle for the ruling Justice and Development Party (AKP). Ekrem Imamoglu of the main opposition Republican…Read more →

The automotive industry has been a major leg in the economic growth model of Turkey’s ruling Justice and Development Party (AKP), which has relied heavily on foreign funds, while encouraging…Read more →

Turkey’s ruling Justice and Development Party (AKP) may have secured a rerun of Istanbul’s mayoral race to try to reverse its defeat in March, but it has had little to…Read more →

The two main actors in the economic crisis gripping Turkey are the central bank, which runs the state’s monetary policies, and the Treasury, which is in charge of fiscal policies. The central…Read more →

ARTICLE SUMMARYThe cancellation of the opposition victory in the mayoral race in Istanbul has raised the specter of more trouble for the Turkish economy, which is already grappling with recession…Read more →

In times of economic crisis, the cost of recovery is often borne by taxpayers at the end of the day. Turkish taxpayers, who are no stranger to such injustice, are made…Read more →

As we all know, if the first button of a shirt is fastened wrong, all the other buttons go wrong. Turkey, which used to be self-sufficient in food and free…Read more →