Driven by its strategic location, cultural heritage, and government incentives, Türkiye's real estate market remains a focal point for regional investors amid economic fluctuations.
Turkey reels from surging inflation as it hits 24-year high
Turkish inflation jumped to a new 24-year high exceeding 83 percent in September, official data showed Monday after the central bank cut interest rates despite surging prices.
Turkish Cypriots head to polls amid economic crisis
The self-proclaimed Turkish Republic of Northern Cyprus (TRNC) has been hit hard by the Covid pandemic and the plummeting value of the Turkish lira.
Turkish lira makes rare gains on ‘indirect’ rate hike
Turkey's troubled lira on Monday pared back some of its historic losses after President Recep Tayyip Erdogan announced new currency support measures that analysts interpreted as an indirect interest rate hike. Erdogan has pushed the central bank to sharply lower borrowing costs despite the annual rate of inflation soaring to...Turkey’s troubled lira accelerates record slide
It fell nearly four percent to 10.41 to the dollar before clawing back some of its losses ahead of a meeting Thursday at which the central bank is expected to lower interest rates for the third successive month. Turkey's nominally independent bank has bowed to incessant pressure from President Recep...Turkish lira plumbs new lows under economic pressure
The designation by the Paris-based Financial Action Task Force threatens to further limit foreign direct investments -- already standing at a fraction of the inflows Turkey had received when its economy was enjoying robust health a decade ago.
