The International Monetary Fund (IMF) has cut Turkey’s growth forecast by 0.2 percent to 4.2 percent amid concerns about inflation and imbalances and as signs indicate uneven global growth over…
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Economy
Fitch downgrades Turkey’s already ‘junk’ rating
Ratings agency Fitch on Friday downgraded its already “junk” rating on Turkey’s sovereign debt, citing a widening current account deficit, a jump in inflation and the impact of the plunging…
Read MoreTurkish financial watchdog revokes stock market abuse decision
Turkey’s Capital Markets Board (SPK) on Sunday revoked a decision to partially suspend a directive related to insider share trading, which was announced in its weekly bulletin, Reuters reported. It…
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Moody’s highlights concern about Turkey central bank independence
Amid debates on new Turkish cabinet appointed by President Recep Tayyip Erdoğan, ratings agency Moody’s highlighted concern about the independence of the Turkish central bank on Thursday, saying that further…
Read MoreTÜSİAD: TURKEY REACHED A CRITICAL POINT
Erol Bilecik, the President of the Board of Directors of, the Turkish Industry and Business Association (TÜSİAD) commented on economy: “Now Turkey reached a critical point.” Bilecik stated that the…
Read MoreLIRA TUMBLED PAST 4 PER DOLLAR FOR THE FIRST TIME
Turkish lira weakened to a record low. The currency tumbled past 4 per dollar for the first time, falling to as low as 4.03. Lira also reached the limits of…
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ŞİMŞEK: TURKEY FACES HIGH INFLATION RISK
Turkish Deputy Prime Minister Mehmet Şimşek who is in charge of economy said one of the greatest problems Turkey faces is high inflation rate. Şimşek said the loss in the…
Read MoreFINANCIAL TIMES: TURKISH ECONOMY WORRIES ECONOMISTS
British newspaper The FINANCIAL TIMES wrote that a flurry of warnings sparks fears for Turkey’s fast-growing economy. The Financial Times‘ Ankara correspondent Laura Pitel’s article states that president Erdogan is…
Read MoreTL IS CONSTANTLY LOSING VALUE AGAINST US DOLLAR
The Turkish lira is constantly losing value against the US Dollars and it became the currency that lost most value against USD. Only in March, Turkish lira lost 2.91 percent…
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AKP PROVINCIAL DEPUTY CHAIRMAN IS APPOINTED AS SECRETARY TO 7 SEIZED COMPANIES
It is reported that AKP Gaziantep Province Deputy Chairman Mahmut Birlik was appointed as a secretary to a total of 7 companies that are unlawfully seized by the government. According…
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