Continuing its policy of monetary tightening to initiate disinflation, the Turkish Central Bank raised its key rates by 2.5 points for the second time in a row; the interest rate now stand at 17.5%. T..
Following the victory of President Recep Tayyip ERDOGAN in the presidential elections held on May 28, 2023, Türkiye entered a period of economic policy overhaul with the new government's first priorit..
The month of May was marked by the holding of presidential and legislative elections which concluded with the victory of Recep Tayyip Erdogan and his party the AKP (party of justice and development). ..
Inflation continued to decline in March for the fifth consecutive month at 50.51% year on year while consumer prices rose 2.29% month on month. The slowdown in recent months can be explained by favora..
Nearly 2 months after the earthquakes in southeastern Turkey, the still provisional toll reported more than 47,000 dead. While the first estimates declared 118,000 homes destroyed or condemned, more t..
Special edito : earthquakes in TurkeyOn Monday, February 6, southeastern Turkey and northern Syria were hit by two devastating earthquakes, one occurring overnight at 4:17 a.m. with a magnitude of 7.7..
The year 2023 promises to have a busy agenda for Turkey. The country celebrates this year its centenary of its Republic proclaimed in 1923 under the aegis of Mustafa Kemal later called Atatürk who wil..
Standing out as an exception on the European continent, the Turkish economy showed resilience at the end of 2022 and posted very reassuring results: +3.9% growth in Q3 2022. As usual, the services sec..
While the economic impact of Covid-19 on global economies has not yet abated, the energy crisis and disruptions in commodity goods markets caused by the effects of the conflict between Russia and Ukra..
Despite recent developments in the Ukrainian conflict, its economic effects seem to be set in the long term. Five Turkish banks have withdrawn from the Mir payment system set up by Russia foll..
While Europe is facing an unprecedented energy crisis, Turkey remains partly spared from the consequences of the Ukrainian conflict. It is not affected by cuts in Russian gas deliveries but remains im..
Foreign investment continues to grow in Turkey despite continuing inflation (+78.5% year on year in June after 73.5% in May), favored by currency depreciation. In May 2022, the total value of foreign ..
After registering economic growth of 11% in 2021, its highest level in a decade, Turkey maintains stable and strong growth by registering 7.3% growth in Q1 2022. Economic expansion has been driven by ..
Inflation remains the country's main concern. Still out of control, it soared to nearly 70% in April year-on-year (69.9%) unheard of since 2002; this is the ninth month of consecutive increases. Soari..
The economic repercussions in Turkey of the war in Ukraine are intensifying with the rise in prices which continues: inflation reached a new peak at 61.14% in March, up 5.46 points month on month. Abo..
Geopolitical developments between Russia and Ukraine were at the heart of global concerns in March. After the Russian military operation launched against Ukraine on February 24, and the sanctions anno..
TURKEY'S ECONOMY SIGNS RECORD GROWTH OF 11% IN 2021, A FIGURE THAT EXCEEDS ALL FORECASTSThe economic rebound is confirmed: with a last quarter up 9.1% y/y. Turkey closes 2021 with double-digit growth ..
Turkey's leading economic newspaper "Dünya" has published a special 48-page issue, in addition to its newspaper, devoted to bilateral France-Turkey relations around a common roadmap comprising two maj..
After four months of consecutive declines, the Central Bank of Turkey has decided to keep its main interest rate unchanged at 14%, a decision expected by the markets after a turbulent end to 2021 for ..
The year 2021 ends on rather positive economic notes despite the monetary turmoil experienced at the end of the year. Indeed, after 3 consecutive quarters of record growth (7% in Q1, 21.7% in Q2 and 7..
Like the International Monetary Fund (IMF) and the World Bank, which revised their annual growth forecasts for Turkey upwards in October, the EBRD and the European Commission announced this month grow..
The results of economic activity for September 2021 have enabled international financial organizations to refine growth forecasts for the current year. Two institutions have in fact revised upwards th..
September was marked by the announcement of Q2 2021 growth: Turkey recorded an impressive growth of 21.7% year-on-year to be among the three fastest growing countries in the world and the second large..
The news of recent weeks has been marked by natural disasters both in Turkey and globally, recalling the urgency to take measures at the environmental level. Located in the southern belt of Mediterran..
With 7% growth in Q1 2021, Turkey was the country with the highest annual growth rate among OECD countries. These economic performances should continue in the second half of the year and throughout th..
TURKEY REPORTS 7% GROWTH IN Q1 2021Turkey recorded a first quarter of spectacular growth: + 7% compared to Q1 2020, exceeding all market expectations.Household consumption, representing two thirds of ..
The upward revisions of growth estimates for Turkey by main financial institutions continued after the announcement last month of Turkish GDP growth results for the year 2020 (+ 1.8%):- Moody's revise..
The Turkish economy ended 2020 with remarkable growth, at 1.8%, driven by particularly vigorous growth in the last two quarters of the year (respectively 6.7% and 5.9% year-on-year). ). Turkey became ..
After depreciating 26% against the dollar in the first 10 months of the year, the Turkish lira apparently appreciated in February, to 6.8977 to $ 1 in the week of February 15, its highest. low since A..
Foreign investors have maintained their confidence in the Turkish market in 2020, despite global uncertainties related to the economic effects of the pandemic, which will likely persist into 2021. M&a..