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Turkish economy

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Prospects brighten as Turkey taken off money laundering 'grey list'

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Here's why businesses in Turkey are more optimistic about inflation

Following months of sky-high inflation, Turkey’s January Business Confidence report points towards a slowly improving situation.

25/01/2024

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Turkey inflation soars to over one-year high at 64.8%

Turkey’s inflation jumped to its highest level since November 2022, driven by higher housing and utilities prices

03/01/2024

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Turkey pushes interest rates up to highest level since 2003

The central bank said that rocketing inflation was above expectations in the past couple of months and that to combat the trend, more interest rate hikes are likely.

21/09/2023

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Erdoğan now backs plan that includes raising interest rates: minister

Inflation in Turkey is running at nearly 60%, according to official figures, although independent economists say the real rate is much higher.

07/09/2023

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Inflation in Turkey jumps to 59%

Inflation reached 58.9% year-on-year in August in the country, the highest since December 2022, according to official data published on Monday.

04/09/2023

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Turkish President Erdoğan hints he is seeking office for last time

Turkey's president has presided over a period of economic turmoil, with runaway inflation and a collapsing currency denting his popularity.

10/12/2022

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'Everything is overheating': Why is Turkey's economy in such a mess?

Runaway inflation and the collapse of the lira has pushed millions of Turks to the brink of financial ruin. But what went wrong with Turkey's economy?

09/11/2022

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Annual inflation in Turkey reaches record 25-year high of 85.5%

Turkish President Recep Tayyip Erdogan believes that high-interest rates encourage inflation and lead to higher prices.

03/11/2022

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Inflation in Turkey tops 83% as Erdogan vows more rate cuts

While most Western countries are in the process of raising interest rates to keep inflation in check, Turkey is doing the exact opposite.

03/10/2022

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Turkey's tourism industry struggles as Russian visitors face sanctions

The Mediterranean country's economy relies heavily on foreign visitors, with 2.2 million Russian tourists entering the country in the first seven months of 2022.

16/09/2022

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Turkey lowers interest rates as inflation hits 80 percent

In a statement following a monetary policy committee meeting, the country's national bank said it decided to reduce the policy rate from 14% to 13%.

18/08/2022

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Turkey cuts power to opposition leader’s home after protest

Kemal Kilicdaroglu vowed not to pay his electricity bills until the Turkish government withdrew the price increases.

21/04/2022

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Thousands in poverty protest in Turkey as lira hits record lows

Turkey's net monthly minimum wage of 2,825 lira amounted to €337 in January 2021. Last Wednesday it was the equivalent of €197.

13/12/2021

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Euroviews. Berat Albayrak: Turkey is back in business ǀ View

It is important to understand what has been implemented since we took office last year, when a currency attack, unprecedented in scale, compounded by a host of other financial fragilities was underfoot.

13/09/2019

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Watch: Tension in Istanbul as Erdogan's AKP contest election result

A fight broke out between supporters of the ruling party and the main opposition party in the middle of a Euronews interview.

03/04/2019

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Turkey vote: Erdogan disputes results as loses grip on major cities

Turkey's local elections: Erdogan's AK Party challenges major setbacks in Istanbul and Ankara.

01/04/2019

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What does the Turkish election mean for Turks and the world?

Turkey's freshly elected President Erdogan has just fufiled his dream with executive prsidency. But what does it mean for Turkey's war in Syria, its slumping economy, and the Kurds?

25/06/2018