Turkish Economy

Turkey: New economic reforms to spur investment delayed by pandemic

Finance Minister Lutfi Elvan says Ankara will establish a finance-tech base and create lira-equivalent digital money.

Turkey unveils new economic reform package

Among the first steps will be strengthening public finance structures to guard against risks, says Turkey’s President Erdogan.

Turkish Central Bank vows firm steps to ensure price stability

The central bank will implement confidence-oriented monetary policy to achieve its main goal of price stability, says Governor Naci Agbal.

Turkey grew 1.8 percent in 2020 amid pandemic

The Turkish economy expanded 5.9 percent in the fourth quarter, bringing the year-on-year growth of 2020 to 1.8 percent, the country's statistical authority announced.

Erdogan: Turkish businesses stand out from competitors during pandemic

Turkey's President Recep Tayyip Erdogan said Turkish companies that cater to an international market, value innovation and research and development pulled through the Covid-19 fallout with the least damage.

Erdogan: Foreign dictation on defence industry unacceptable

Last month, the United States imposed sanctions on Turkey’s defence industry chief and others over Ankara’s acquisition of S-400 missile defence systems from Russia, a move that Turkey called a “grave mistake.”

OECD revises up Turkey’s growth forecast for 2020

Turkish economy is projected to grow 2.6 percent and 3.5 percent in 2021 and 2022 respectively in latest economic survey by Organisation for Economic Co-operation and Development.

Turkey pledges to enhance financial institutions, democracy

"We are working on both strengthening our economic policies and raising the bar of democracy and freedoms while easing daily life for our citizens," the Turkish president says.

Erdogan: Turkey initiates new economic and judicial reform era

Turkey has begun a fresh era of reforms in the economy and judiciary, President Recep Tayyip Erdogan says.

What to expect from Turkey’s economic team

Both Lutfi Elvan and Naci Agbal are experienced hands who understand the lira’s vulnerability and other challenges confronting the economy.

Lira gains ground as Turkey's Erdogan announces economic plans

President Erdogan vows a new era to improve the investment climate in Turkey, in a speech that caused the US dollar to Turkish lira exchange rate to fall below 8.

Erdogan: Turkey has found 405 BCM worth of gas in Black Sea

Turkey's President Erdogan says Turkey has discovered an additional 85 billion cubic metres of natural gas in Sakarya field off Black Sea coast, in addition to previous 320 billion cubic metres.