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Economy

Turkey removed from money laundering ‘grey list’ / FINANCIAL TIMES

A global financial watchdog has removed Turkey from its “grey list” of countries with lapses in anti-money laundering and counterterrorism financing policies, in a...

Turkey’s hunger threshold surpasses minimum wage by 3,000 liras / DUVAR ENGLISH

Turkey's hunger threshold reached 19,926 Turkish liras ($619) while the poverty threshold reached 59,353 liras ($1,845) in May, according to the Birleşik Kamu-İş labor...

Central banks of Turkey, Brazil sign cooperation deal / REUTERS

Turkey's central bank said on Saturday it had signed a memorandum of understanding with Brazil's central bank to lay groundwork for enhanced cooperation. Reuters, April...

Erdogan’s local election defeat reshapes Turkey’s political landscape / RFI

Turkish President Recep Tayyip Erdogan's worst electoral defeat in nationwide municipal elections has changed Turkey's political landscape. However, the Opposition's victory came at an...

Turkey local election: opposition aims to hit back at Erdogan – Birsen Altayli & Ali Kucukgocmen / REUTERS

Bruised and fractured by Tayyip Erdogan's victory in 2023 general elections, Turkey's opposition aims to land a blow in Sunday's local polls, with the future...

UK embarks on post-Brexit trade talks with Turkey – Richard Partington / THE GUARDIAN

Talks offer ‘huge opportunities’ but come at a delicate time after Ankara held up Sweden’s accession to Nato. The Guardian, March 15, 2024, by Richard...

Turkey Raises Interest Rates to 40 Percent to Tame Runaway Inflation – Santul Nerkar/ THE NEW YORK TIMES

The country’s central bank increased rates by 5 percentage points in an attempt to deal with the soaring cost of household necessities and the...

Turkey still has a long road back to financial normalcy. Gradual approach will only postpone economic pain – Hakan Kara – NIKKEI ASIA

Hakan Kara is professor of monetary policy and financial markets practice at Bilkent University in Ankara. He was previously chief economist at the Central...

Massive earthquake cost to deepen Turkey’s economic woes – Mustafa Sönmez / AL-MONITOR

"The disaster response requires a significant increase in public spending to meet the needs of 13.5 million affected people and rebuild massive destruction, threatening...

Turkey’s economic woes are hurting Erdogan – polls – Reuters

“More Turks now believe an opposition alliance is better suited than President Tayyip Erdogan and his ruling AK Party (AKP) to end the economic...

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