Economy

Central Bank keeps interest rates unchanged AKP deputy chair backs trade relations with Israel There is no room for women in Turkish fisheries sector Turkish labor minister rules out second minimum wage hike in 2024 President Erdoğan vows measures to bolster Turkey's economic program Finance Minister denies ‘crisis’ with Erdoğan over monetary policy Turkish government's budget deficit exceeds $15.8B in Q1 Turkey's central bank records $25B loss for 2023 Turks’ dreams of homeownership fade away as mortgage rates skyrocketed Turkey enforces trade restrictions on Israel until Gaza ceasefire Turkey's inflation hit 68.5 pct ahead of election blow to ruling AKP Erdoğan, Şimşek reiterate continuation of tight monetary policy Poverty increases among Turkey’s elderly population  Internet cafes vanish amid broader trend of small business closures Turkey’s hunger threshold surpasses 20,000 liras for first time Interest rates in Turkey exceed the rate criticized by Erdoğan Turkish Central Bank surprisingly increases interest rate to 50 pct Gov’t cuts protective clothing assistance in state enterprises Economic woes, bird flu keep people’s plates meatless during Ramadan Turkey's Central Bank increases rates for credit card cash withdrawals Britain, Turkey to commence talks on new free trade deal in June Turkey posts $2.5B current account deficit in January Unemployment in Turkey jumps by 85,000 people in January Bloomberg: Central Bank's midnight moves worry financial sector Turkey’s annual inflation climbs to 67 pct in February Turkey's foreign trade deficit decreases by 42 percent in one year Istanbul annual inflation hits 76.6 pct, chamber of commerce reports Turkish retail firm A101 starts selling tiny houses Queues form for cheap meat in front of Turkey’s state-run stores Turkey’s minimum wage erodes by $19 in one month