Turkish economy

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Standard and Poor's upgrades Turkey's outlook

Standard and Poor's upgraded Turkey's outlook to 'stable' from 'negative' on Friday. The credit rating agency rated the Turkish economy "BB." The agency also predicted that the state of emergency will …

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Turkish lira drops to 3.13 per $1

The Turkish lira exchange rate has dropped to 3.1375 per $1, which is a new anti-record, the Hurriyet newspaper reports. Experts believe that the decline of the Turkish national currency was caused by the morning's terrorist attack …

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Ankara: politics downgrades Turkish debt rating

Turkish Deputy Prime Minister Numan Kurtulmus dismissed Moody’s downgrade of the government debt rating as a “political” move and part of a wider effort to undermine the country. Kurtulmus said …

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Yildirim: Turkey seeks to attract new investments

Aiming to limit the economic fallout from this month’s failed coup, Turkish Prime Minister Binali Yildirim said the government plans a multibillion-dollar infrastructure fund to keep growth on track. “Here …

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