Economy

Turkey’s official annual inflation rate drops to 47 pct in November Fake dollar crisis in Turkey hits exporters Turkish economy grew 2.1 pct in Q3, under expectations Registration fee for phones brought from abroad increased 45,000 TL Smuggled gold entering Turkey nears 50 tons in one year, industry says Turkish job seekers struggle as economic shifts dampen hopes Central bank keeps 50 pct interest rate unchanged for eighth time Turkey asks export group to curb trade with Israel, Reuters reports Turkey's 10 largest banks grow assets by 30 pct by end of Q3 Over 2 million people lose hope of finding jobs in Turkey Real estate trends shift as Turks now buy property abroad 2 million children in Turkey live in deep poverty Turkey seeks lower US tariffs under Trump as lira gains strength Official annual inflation rate slightly drops to 48.58 pct in October CHP leader demands gov't to raise minimum wage to 30,000 liras Nearly 37,000 people in Turkey owe over 5 million liras in taxes Climate Investment Funds approves $1B to upgrade Turkey's power grid Turkey's hunger threshold rises to 20,432 liras in October Turkey to end electricity subsidy for high-usage households Turkey to restore state banks' capitalization to former level Economists warn gov’t to not raise min wage by only expected inflation IMF 'urges' Turkey to avoid repeating large minimum wage hike Turkish Bank CEO: 'Larger banknotes needed as ATMs break counting cash Turkey plans to quadruple wind, solar energy volume by 2035 Erdoğan's advisor argues Acemoğlu's theories made some countries poor Kazakh Kaspi.kz acquires Turkish e-commerce site Hepsiburada Central bank keeps 50 pct interest rate unchanged for seventh time President Erdoğan proposes 38 pct increase for president’s 2025 budget Turkey becomes Europe’s leading coal-fired power producer Ruling AKP to put credit card bill on hold after public backlash