The year 2023 ends with a rather recessionary economic tone on a global scale, not sparing Turkey. However, it has gained two places in the world economic ranking according to the IMF (International M..
The double earthquake that occurred in February 2023 was likely to be the defining event of this year. An unprecedented tragedy which has become the worst natural disaster of our time with an extremel..
Thursday, November 23, the Central Bank of Turkey raised its key rate for the 6th consecutive month, setting it at 40%. This new rate hike maneuver is a continuation of the country's effort since last..
Expected and prepared for about ten years, the celebrations of the 100th anniversary of the founding of the Turkish Republic on October 29 were to be the major event of this month, overshadowed by a n..
Since this summer, Turkey has carried out a significant turnaround in its monetary policy: on Thursday September 21st, the central bank once again raised its main key rate by five points, now set at 3..
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 ..