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When Turkey launched Operation Peace Spring into northeastern Syria on Oct. 9, one of the objectives cited was the creation of a safe zone to accommodate a good part of the nearly 3.7 million Syrian refugees…Read more →

The sanctions Washington slapped on Ankara last week over its military operation in northeastern Syria failed to produce the currency shock that President Donald Trump had hoped for, drawing on…Read more →

Ankara’s launch of a long-expected military move into Kurdish-held areas in northeastern Syria has worsened the prospects of the already ailing Turkish economy, drawing threats of sanctions by the United States and…Read more →

German automotive giant Volkswagen — still reeling from an emissions fraud scandal that has earned it hefty penalties and a mammoth class action lawsuit — is gearing up for a major investment in Turkey, eager to continue profiting…Read more →

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 →