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Turkey raises tax on cars but lifts lower rate thresholds
Turkey increased its special consumption tax on mid-range and expensive cars on Sunday, but also lifted the lower…
Turkey’s economy severely contracted 11.8% in second quarter
Turkey's economy is expected to have severely contracted nearly 12% in the second quarter due to the coronavirus…
Gold rush at Turkish bazaar a test of trust for lowly lira
Hasan Ayhan followed his wife's instructions last week and took their savings to buy gold at Istanbul's Grand…
Turkish lira slides again as funding costs edge higher
Turkey's lira weakened again on Monday after touching a record low last week, falling 0.8% against the dollar as…
Turkish central bank starts reining in credit after lira plunge
Turkey's central bank has started to lift some funding costs and analysts said it could go further on Friday…
Turkish annual July inflation dips below 12%, lira firms
Turkey's consumer price inflation fell to a lower-than-expected 11.76% year-on-year in July, official data showed…
Volatile Turkish lira tumbles to record low vs euro
Turkey's lira skidded to record lows against the euro and other currencies on Wednesday, as concerns over depleted…
Turkey will not publish second quarter tourism revenues stats
Turkey's statistics institute said on Monday it will not release second-quarter tourism revenues data since it…
Turkish factory production seen slumping more than 22% in May
Turkey's industrial production is expected to have contracted 22.5% annually in May due to the near economic…
Istanbul exchange applies short selling ban on six institutions
Turkey's Borsa Istanbul said on Monday that it had applied a temporary short-selling ban on six foreign financial…