In a major geopolitical shift, Armenia and Azerbaijan have taken a historic step toward ending 35 years of enmity by signing ...

With Turkey’s inflation surging and a balance-of-payments crisis looming, Turkish President Recep Erdogan has been forced to row back on his economic policy.

Turkey's plan for marine parks in the Aegean and Mediterranean has escalated tensions with Greece, reigniting a long-standing ...

Turkey jacked up its inflation forecasts and cut those of economic growth on Wednesday, as President Tayyip Erdogan appeared to endorse the big interest rate hikes that are driving a turnaround ...

Political and financial turmoil set to dominate Turkey, risking economic stabilization plans By Natasha Turak, CNBC • Published March 24, 2025 • Updated on March 24, 2025 at 1:48 pm ...

Turkey's central bank has raised its key interest rate by an aggressive 7.5 percentage points, in a new sign of a return to more traditional economic policies.

Turkey's economy grew less than expected in the second quarter, expanding an annual 2.5% in the face of a year-long monetary tightening campaign, data showed on Monday, but the quarterly growth ...

Turkey’s central bank raised its key interest rate on Thursday July 20, 2023 to 17.5% in a further sign of commitment to orthodox economic policy following elections in May.

More than 1,100 people have been arrested in Turkey's nationwide protests since demonstrations began on March 19. Central bank officials spent $12 billion in foreign reserves last week to prop up ...