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Category: Economy

Economy news from Turkey in English

Turkey’s banks conduct stress tests ahead of election amid economic uncertainty
Categories Economy HIGHLIGHTS Politics

Turkey’s banks conduct stress tests ahead of election amid economic uncertainty

Cem CetingucPosted on28 March, 2023

Big Turkish banks have launched internal stress tests against possible market shocks due to the … Continue ReadingTurkey’s banks conduct stress tests ahead of election amid economic uncertainty

Life will gradually get back to normal after earthquake: Erdoğan
Categories Economy General HIGHLIGHTS

Life will gradually get back to normal after earthquake: Erdoğan

Cem CetingucPosted on28 March, 2023

With the revival of the economy, industrial production and other activities, the return of locals to … Continue ReadingLife will gradually get back to normal after earthquake: Erdoğan

Turkey’s unemployment rate fell to 10.4 percent in 2022
Categories Economy HIGHLIGHTS HYPED

Turkey’s unemployment rate fell to 10.4 percent in 2022

Cem CetingucPosted on24 March, 2023

The unemployment rate was at 10.4% in Türkiye last year, down from 12% in 2021, … Continue ReadingTurkey’s unemployment rate fell to 10.4 percent in 2022

Foreign investors show interest in Turkish economy after years of instability
Categories Economy Emerging Markets General HIGHLIGHTS

Foreign investors show interest in Turkish economy after years of instability

Cem CetingucPosted on24 March, 2023

Scores of foreign investors are returning to Istanbul and Ankara after years in the cold … Continue ReadingForeign investors show interest in Turkish economy after years of instability

Erdogan Aims to Revive Turkey’s Economic Standing Prior to Election
Categories Economy General HIGHLIGHTS Politics

Erdogan Aims to Revive Turkey’s Economic Standing Prior to Election

Cem CetingucPosted on23 March, 2023

Former Turkish economy tsar Mehmet Simsek’s refusal to return to politics has left President Tayyip … Continue ReadingErdogan Aims to Revive Turkey’s Economic Standing Prior to Election

Erdogan: Turkey to Lose 104 Billion dollars due to Earthquakes
Categories Economy General HIGHLIGHTS

Erdogan: Turkey to Lose 104 Billion dollars due to Earthquakes

Cem CetingucPosted on22 March, 202322 March, 2023

The February earthquakes are expected to cost 104 billion dollars (~2 trillion Turkish liras) to … Continue ReadingErdogan: Turkey to Lose 104 Billion dollars due to Earthquakes

Turkey’s earthquake aftermath leads to an even larger budget deficit
Categories Economy General HIGHLIGHTS HYPED

Turkey’s earthquake aftermath leads to an even larger budget deficit

Cem CetingucPosted on20 March, 2023

Turkey’s central government budget recorded a deficit of 170.56 billion lira ($8.99 billion) in February, … Continue ReadingTurkey’s earthquake aftermath leads to an even larger budget deficit

Turkish central bank’s efforts to guard lira: Costlier Dollar for Some Firms
Categories Economy Finance HIGHLIGHTS

Turkish central bank’s efforts to guard lira: Costlier Dollar for Some Firms

Güldem AtabayPosted on20 March, 2023

According to Bloomberg, Turkey’s central bank asked commercial lenders last week to use a dual … Continue ReadingTurkish central bank’s efforts to guard lira: Costlier Dollar for Some Firms

AKP preparing to return to orthodox policies, former economy czar Mehmet Simsek invited
Categories Economy HIGHLIGHTS

AKP preparing to return to orthodox policies, former economy czar Mehmet Simsek invited

Atilla YeşiladaPosted on16 March, 2023

The draft election manifesto of Turkish President Tayyip Erdogan’s AK Party marks a return to … Continue ReadingAKP preparing to return to orthodox policies, former economy czar Mehmet Simsek invited

Syrian leader Assad says he won’t meet Erdogan until Turkey ends its ‘occupation’
Categories Economy Politics

Syrian leader Assad says he won’t meet Erdogan until Turkey ends its ‘occupation’

Güldem AtabayPosted on16 March, 202316 March, 2023

During a visit to Moscow for talks with Russian President Vladimir Putin, Syrian President Assad … Continue ReadingSyrian leader Assad says he won’t meet Erdogan until Turkey ends its ‘occupation’

January external deficit soars to $10 bn, financing concerns mount
Categories Economy HIGHLIGHTS

January external deficit soars to $10 bn, financing concerns mount

Atilla YeşiladaPosted on14 March, 2023

Turkey has posted a record high current account deficit, underscoring the challenge facing President Recep … Continue ReadingJanuary external deficit soars to $10 bn, financing concerns mount

Opposition Win Expected to Boost Turkish Economy: Economists
Categories Economy HYPED Politics

Opposition Win Expected to Boost Turkish Economy: Economists

Cem CetingucPosted on11 March, 202311 March, 2023

Turkey’s economy would likely experience an immediate boost, especially from foreign investment, should the opposition … Continue ReadingOpposition Win Expected to Boost Turkish Economy: Economists

Earthquake Exodus Endangers Turkish Manufacturing
Categories Economy General HIGHLIGHTS

Earthquake Exodus Endangers Turkish Manufacturing

Cem CetingucPosted on11 March, 202311 March, 2023

Mehmet Alkan, a shoe-sole manufacturer in Turkey’s earthquake-hit south, doesn’t know what will become of … Continue ReadingEarthquake Exodus Endangers Turkish Manufacturing

Turkey Government Pushing Lenders to Cut Rates on Consumer Loans
Categories Economy Finance HIGHLIGHTS

Turkey Government Pushing Lenders to Cut Rates on Consumer Loans

Güldem AtabayPosted on11 March, 2023

Turkey’s central bank is forcing commercial lenders to lower the interest rates they charge for … Continue ReadingTurkey Government Pushing Lenders to Cut Rates on Consumer Loans

Turkish industrial production rose 4.5 percent in January
Categories Economy General

Turkish industrial production rose 4.5 percent in January

Cem CetingucPosted on10 March, 202310 March, 2023

Türkiye’s industrial production in January expanded by 4.5% on a yearly basis, official figures from … Continue ReadingTurkish industrial production rose 4.5 percent in January

UN: Earthquake damage in Turkey set to exceed $100 billion
Categories Economy HIGHLIGHTS

UN: Earthquake damage in Turkey set to exceed $100 billion

Güldem AtabayPosted on7 March, 2023

The figure is being used as a basis for a donor conference to mobilize funds … Continue ReadingUN: Earthquake damage in Turkey set to exceed $100 billion

Opposition block back together again: Presidential candidate of opposition block is Kilicdaroglu
Categories Economy HIGHLIGHTS Politics

Opposition block back together again: Presidential candidate of opposition block is Kilicdaroglu

Güldem AtabayPosted on6 March, 2023

Following a five-hour meeting of six party leaders, main opposition’s leader Kemal Kilicdaroglu has been … Continue ReadingOpposition block back together again: Presidential candidate of opposition block is Kilicdaroglu

Turkey’s inflation falls to 55.2 percent in February
Categories Economy General HIGHLIGHTS

Turkey’s inflation falls to 55.2 percent in February

Cem CetingucPosted on3 March, 2023

Türkiye’s inflation eased slightly more than expected in February, official data showed Friday, but prices … Continue ReadingTurkey’s inflation falls to 55.2 percent in February

A post-Erdogan Turkey could come in from the cold
Categories Economy HIGHLIGHTS Politics

A post-Erdogan Turkey could come in from the cold

Güldem AtabayPosted on2 March, 2023

Noting that Erdogan has lost popularity since the earthquakes, a new Reuters article highlights possible … Continue ReadingA post-Erdogan Turkey could come in from the cold

Goldman warns of possible currency market turbulence in Turkey ahead of elections
Categories Economy HIGHLIGHTS Markets Politics

Goldman warns of possible currency market turbulence in Turkey ahead of elections

Güldem AtabayPosted on2 March, 2023

The Wall Street bank Goldman Sachs said problems could arise in foreign exchange markets in … Continue ReadingGoldman warns of possible currency market turbulence in Turkey ahead of elections

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Recent Posts

  • Turkey’s banks conduct stress tests ahead of election amid economic uncertainty
  • Turkish earthquake survivors observe Ramadan amid grief and devastation
  • Turkish opposition promises to undo Erdogan’s economic agenda if elected
  • FM condems French ambassador for awarding YPG
  • Life will gradually get back to normal after earthquake: Erdoğan

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