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’s auto production up 3.1%, exports rise 5.6% in 9 months
Türkiye’s automotive production was broadly flat in September, while total output in the first nine months of the…
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 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…
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…
Türkiye’s trade deficit narrows by nearly 16% in ‘bright’ August
Türkiye’s foreign trade deficit narrowed by almost 16% in August, official data showed on Tuesday, as a decline…
Türkiye’s annual inflation seen slowing to 32.5% in September
The annual inflation rate in Türkiye is seen slowing down slightly to 32.5% in September, according to two…
Türkiye expects 2.4% drop in energy bill in 2025 on rising output
Türkiye’s energy import bill is projected to decline by 2.4% year-over-year by the end of 2025, according to…
Data breakdown shows price pressures continue to ease: CBRT’s Karahan
The breakdown of Türkiye’s August inflation and second-quarter growth data indicates that price increases continued to ease, while…