Turkish central bank cuts key rate to 39.5%, flags inflation risk
The Turkish central bank cut its benchmark, one-week repo rate by 100 basis points to 39.5% on Thursday,…
Turkish central bank seen slowing rate cut pace amid inflation caution
The Turkish central bank is all but sure to slow the pace of its interest rate cuts when…
Türkiye boosts R&D spending by $6.5 billion in 2024
Türkiye boosted its gross domestic expenditure on research and development (R&D) by TL 274.28 billion (around $6.5 billion)…
Türkiye presents 2026 draft budget, reaffirms disinflation goal
Türkiye’s 2026 draft budget was set to be presented to Parliament on Thursday, foreseeing TL 18.93 trillion ($452.4…
Türkiye sees foreign direct investment jump 58% in 8 months
Türkiye received $10.6 billion in foreign direct investment (FDI) in the first eight months of the year, marking…
Türkiye’s current account logs record $5.5 billion surplus in August
Türkiye’s current account balance beat estimates as it registered its highest monthly surplus on record in August, official…
World Bank lifts Türkiye’s 2025-2027 growth forecasts
Economic growth in Türkiye is expected to firm this year, the World Bank said in its latest regional…
Türkiye’s unemployment rate ticks up to 8.5% in August
Türkiye’s unemployment rate rose to 8.5% in August, up 0.4 percentage points compared to the previous month, the…
Turkish economic sentiment improves slightly in September
Economic sentiment in Türkiye improved for the second consecutive month in September, although moderately, to reach its highest…
Turkish manufacturing activity eases further in September
Türkiye’s manufacturing activity moderated further in September as new orders and output shrank at faster rates, a top…
Export powerhouse: Türkiye’s trillion-dollar transformation
Since 1973, the year when Türkiye’s export revenues first surpassed $1 billion (TL 41.5 billion), the country has…
Türkiye’s gross reserves estimated to have hit new record of $183B
The Turkish central bank’s gross total reserves are estimated to have risen by $4 billion to a record…