News Turkey Economy: Turkey’s president is testing his ability to bend the economy to his will
“Of course our central bank is independent,” Turkish president Recep Tayyip Erdogan said last year. “But the central bank can’t take this independence and set aside the signals given by ...
News Turkey Economy: Turkey’s Long, Painful Economic Crisis Grinds On
ARHAVI, Turkey — The terraced rows of tea plants climbing the hills above the Black Sea used to glint like money. Lately, they look like another casualty of Turkey’s long, grinding economic crisis. ...
News Turkey Economy: Turkey Exits Recession as Economy Starts Long Road to Recovery
(Bloomberg) -- Turkey exited its first recession in a decade on the back of increased lending by state banks even as economic momentum is beginning to flag again. Gross domestic product expanded a ...
News Turkey Economy: Turkey’s Arms Deal with Russia Is an Affront to NATO
The Turkish government Tuesday reaffirmed its intention to complete the controversial purchase of a Russian S-400 surface-to-air missile defense system, a move appropriately drawing the ire of both parties in Washington. Both Congress and Secretary of State Mike Pompeo have warned of punitive action should Turkey follow through on the purchase, which Turkey says could be completed as soon as next month.
News Turkey Economy: What can stop Turkey's economy from unravelling?
From credit-fuelled boom to currency crisis. As Turkey's economy unravels, we ask what can be done to stop the rot. Istanbul plays an oversized role in the Turkish economy and politics. It has been ...
News Turkey Economy: Moody's: Turkey Needs Credible Economic Plan to Avoid Downgrade
New analysis from the rating agency shows Turkey's recession, the slump in the lira, upcoming refinancing pressures and dwindling reserves have pushed it to right near the top of its worldwide external vulnerability index
News Turkey Economy: Turkey stood tall during global economy crisis: Erdogan
President Recep Tayyip Erdogan on Thursday said Turkey has overcome all the economic attacks and did not collapse even in tough global economic conditions. “Even in the times of the harshest storms in ...
News Turkey Economy: Turkey squeezed between Russia, US in Syria
Turkey, pressed between Russia and the United States, is headed toward a foreign policy crash in addition to an economic one. Russian and Turkish delegations, led by Presidents Vladimir Putin and ...
News Turkey Economy: What Happened This Week in the World Economy and What It Means
In the U.K. Prime Minister Theresa appears not to have long left in power with her economic legacy dominated by the fallout from Brexit. Among emerging markets, Turkey is paying the price for its ...
News Turkey Economy: Turkey Economy Bill Doesn't Allow Treasury to Tap Reserves
Turkey’s ruling party held back from proposing a law allowing the treasury access to the central bank’s reserves, amid speculation the country would need to resort to such a move to help finance its ...
News Turkey Economy: Turkey: Where to go when the cash runs low
The $850 billion economy’s potential needs are huge. Were Turkey to descend into a full-blown crisis where it was shut out of international borrowing markets, analysts estimate Ankara would have to ...
News Turkey Economy: Risk to Turkey’s Economy Deepens With New Istanbul Election
ISTANBUL — Even before the Turkish authorities took the extraordinary step of undoing an opposition victory and calling a new election for mayor of Istanbul, the government had spent billions to prop ...
