Former Economy Chief Mehmet Simsek has been tapped as Treasury and Finance Minister of Turkey.
Turkey delivering lira devaluation required by markets
By Akin Nazli in Belgrade The Turkish lira on June 7 sharply depreciated against the dollar to a new record low, but the big movement caught few off-guard as, with the re-election of Turkey’s …
Beyond Bodrum, a Boom in Turkish Waterfront Homes
Image Bars, boutiques and inexpensive restaurants serving fresh seafood are among the amenities that have been attracting international real estate investors to Bodrum in Turkey.Credit …
What Turkey’s new cabinet says about where the country is headed
Turkish President Recep Tayyip Erdogan swore in a new cabinet over the weekend, ushering in what he has called “a new period of glory” for the Turkish Republic as it begins its second century, and one …
Deciphering Turkey’s new Cabinet: Real reform or window dressing?
President Erdogan’s new Cabinet so far reflects a shift to his reformist days — whether that plays out as such remains to be seen.
Turkey Considers Significant Interest Rate Hike, Potentially Reaching 25 Percent
According to JPMorgan economists, an upcoming meeting of Turkey’s Monetary Policy Committee, scheduled for June 22 or possibly earlier, may result in …
Turkey at a crossroads: Will it turn to the East or West?
Turkey celebrates its 100th anniversary in 2023. For centuries, Turkey has straddled two worlds – Europe and the Middle East. In the early 2000s, the country was hailed as a “model democracy” for Muslim-majority countries.
First Republic’s former co-CEO could be Turkey’s next central bank chief
Leaving First Republic a year before the bank’s troubles began may have been a smart move by Hafize Gaye Erkan, who is being considered to head Turkey’s central bank.
Banks Divided Over Size of Turkey Rate Hikes After Erdogan’s Win
Economists at some of the biggest global banks are offering sharply different views of how Turkey will go about raising interest rates this month, a prospect that seemed remote before President Recep …
What does Erdogan’s re-election mean for Turkey-Gulf relations?
Economic and defence deals, along with the Turkish president’s personal ties with regional leaders, to boost relations.