Turkish economy

page 3
 Turkish lira plunges to record low against dollar

Turkey’s national currency - lira tumbled to another record low against the dollar today. The lira traded down 9% against the U.S. dollar at 6.04 and briefly fell more than 12%.  Then lira pared some of its losses to trade at …

Turkey finds way to increase its gold fund reserve

Turkey plans to increase the country's gold reserve through the sale of old cars without owners, and confiscated ones as well. According to Turkish media, local municipalities will sell abandoned or confiscated cars, and the …

Turkey's economy grows 7.4% in 2017

Turkey's economy grew 7.4%in 2017, compared with the previous year, the Turkish Statistical Institute (TurkStat) said. GDP at current prices climbed to over 3.1 trillion Turkish liras (nearly $850.7 billion) last year, up 19% from …

Turkey widens free trade agreement with Georgia

Georgia and Turkey have agreed to widen an existing free trade agreement, so Georgian producers will soon be able to increase export volume to Turkey by 20%. The final round of negotiations was held Ankara, where delegations of …

EU mulls including Turkey on blacklist of tax havens

The European Union may include Turkey on a blacklist of tax havens as soon as next month, in a move that could further strain ties between Ankara and the world’s largest trading bloc, Bloomberg reports. An EU working …

Erdogan says worst is over for Turkish economy

Turkish President Recep Tayyip Erdogan has claimed that “the worst is over” for the Turkish economy, hailing the improving figures in various parts of the economy from exports to domestic consumption. …