Turkey

The Turkish central bank’s net forex reserves rose some $2.5 billion from a historic low to stand at $-3.17 billion as of June 9, data showed on Thursday, as Ankara loosened ...

Ersin Tatar issued a statement on Thursday saying that seeking involvement outside of the UN, towards resolution of the Cyprus problem, is pointless without Turkish Cypriot input. Tatar’s comments ...

Russia’s No. 2 lender VTB (VTBR.MM) on Thursday said it would increase the number of countries to which retail clients can send money to 25 from 11, with India and Turkey ...

Sweden should not expect a green light from Ankara on its NATO membership bid at the Western alliance’s summit next month unless it prevents anti-Turkey protests in Stockholm, Turkish ...

Analysts at leading investment banks expect Turkey’s new economic chiefs to start ramping up interest rates next week as part of a major reset of the country’s economic ...

Turkey’s expected return to orthodox economic policies may not be enough to secure longer-lasting international investments, with a restoration of predictability and the rule of law still needed to ...

JPMorgan said on Monday it expects Turkey’s central bank to hike interest rates to 25 per cent from the current 8.5 per cent at its June meeting, adding this could come ...

Five workers have been killed in a blast that rocked an explosives factory in the Turkish capital of Ankara on Saturday, Turkey’s defence ministry said in a statement. The ...

Erdoğan’s re-election as Turkish president means that Ankara’s relations with its Western allies will remain turbulent. The West should expect a bumpy ride. By Luigi Scazzieri On ...

Turkish security forces seized $1 billion of counterfeit money in Istanbul and arrested six people involved in the operation, including one Ghanian and three Swedish nationals, the governor’s office said ...

President Tayyip Erdogan on Friday appointed Hafize Gaye Erkan, a finance executive in the United States, to head Turkey’s central bank, which is widely expected to reverse course and ...

Turkey’s lira weakened 0.8 per cent to a record low on Thursday, extending losses after a heavy selloff in the previous session that was seen as a sign of the ...

Turkey’s lira plunged 7% to a record low on Wednesday in its biggest selloff since a historic 2021 crash, a move traders said is a “strong signal” that Ankara is moving ...

President Tayyip Erdogan is considering appointing Hafize Gaye Erkan, a senior finance executive in the United States, as governor of Turkey’s central bank, according to two senior officials with ...

Turkey’s newly appointed Finance Minister Mehmet Simsek said on Sunday that the country has no choice but to return to “rational ground” to ensure predictability in the economy. President ...

Turkish President Tayyip Erdogan named his government’s new cabinet on Saturday, including new heads of the economy and foreign ministry, after extending his two-decade rule in an election in ...

Tayyip Erdogan was set to be sworn in as Turkey’s president on Saturday after winning re-election last weekend and will later name his cabinet, which is expected to signal ...

U.S. President Joe Biden predicted on Thursday Sweden will join NATO “soon”, speaking at the U.S. Air Force Academy days after he hinted at a possible deal to ...

NATO Secretary-General Jens Stoltenberg said on Thursday he would soon travel to Turkey to discuss Sweden’s NATO membership, in a bid to close a process that has been delayed ...

The U.N. has proposed that Kyiv, Moscow and Ankara start preparatory work for the transit of Russian ammonia through Ukraine as it tries to salvage a deal allowing safe ...

Turkish President Tayyip Erdogan is viewed as almost certain to include former economy chief Mehmet Simsek in his new cabinet either as finance minister or as a vice president responsible ...

Democrat senator Bob Menendez who has long opposed the potential sale of F-16 fighter jets to Turkey said he wants Turkish President Tayyip Erdogan to take a “less belligerent” stance ...

The Turkish economy is in a difficult situation, with record levels of foreign currency sales to support the Turkish lira, which no longer accurately reflects the economy, according to professor ...

U.S. Secretary of State Antony Blinken on Tuesday urged Turkey to immediately finalize Sweden’s accession to NATO, saying the Nordic country had already taken significant steps to address ...