“We were in a similar situation maybe 10, 11, 12 years ago,” the 49-year-old said, in reference to the 2008 global financial crisis. “It is very difficult.” Turkey’s beleaguered lira has crashed under …
What does 20% inflation feel like in Turkey?
A package of eggs recently jumped 60% in a week at one grocery store. Many economists fault the Erdoğan government’s policies.
Exclusive-Turkey’s cryptocurrency trades top 1 million a day amid lira woes
The number of cryptocurrency trades in Turkey has surged back above one million per day as the country’s currency has plunged to a series of record lows, data shared with Reuters showed. Worries about …
How co-op between Azerbaijan, Turkey and Georgia will change? – experts
By Trend The Azerbaijan-Turkey-Georgia business forum was held in Baku on Dec. 14. Georgian Minister of Economy …
As Turkey’s economy suffers, Erdogan’s opponents step up efforts aimed at unseating him
Turkey’s opposition parties have demanded early elections and a return to a parliamentary system that would reduce the power of the presidency. They have been buoyed by polls sh …
Pakistan, Iran, Turkey launch railway corridor to unlock trade potential
Islamabad: Taking the first major move towards regional connectivity, Pakistan, Turkey and Iran have launched the freight train project on Tuesday from Islamabad. The three countries also plan to …
Ukraine, turkey agree on mutual business projects
The strategic aspects of collaboration between Ukraine and Turkey obtains a growing flexible application at the aspect of business collaboration, whi …
Turkey’s Borrowing Costs Soar as Crisis Enters New Phase
The lira’s dizzying fall is amplifying concerns among investors and economists that Turkey’s heavily dollarized financial system could be headed for a banking crisis. The currency has lost more than …
Turkey’s Borrowing Costs Soar as Crisis Enters New Phase
The lira’s dizzying fall is amplifying concerns among investors and economists that Turkey’s heavily dollarized financial system could be headed for a banking crisis. The currency has lost more than …
Turkey hit by another illicit alcohol incident as deaths top 50
Most of the fatalities (22) have occurred in Istanbul, Turkey’s largest city, but the poisonings are widespread.