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Latest economic & business news from Türkiye
2023 Newsletter

2023 Newsletter
December
2023
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 extremely heavy human ...
November
2023
Thursday, November 23, the Central Bank of Türkiye 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 May to counter ...
October
2023
Expected and prepared for 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 new unprecedented ...
September
2023
Since this summer, Türkiye has carried out a significant turnaround in its monetary policy: on Thursday September 21, the central bank once again raised its main key rate by five points, now set at 30%, to try to stem ...
July
2023
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 latter now stand at 17.5%. This is the second increase in Turkish ...
June
2023
Following the victory of President Recep Tayyip ERDOGAN in the presidential elections held on May 28, 2023, Türkiye entered a period of reshuffling its economic policies with the new government's number one priority ...
May
2023
The month of May was marked by the holding of presidential and legislative elections which ended with the victory of Recep Tayyip Erdogan and his AKP party (justice and development party). The outgoing president ...
April
2023
Inflation continued its decline in March for the fifth consecutive month to 50.51% year-on-year while consumer prices increased by 2.29% month-on-month.The slowdown in recent months can be explained by favorable ...
March
2023
Nearly 2 months after the earthquakes that occurred in southeastern Türkiye, the still provisional toll showed more than 47,000 deaths. While initial estimates declared 118,000 homes destroyed or condemned, more than 278,000 ...
February
2023
Monday, February 6, southeastern Türkiye and northern Syria were hit by two devastating earthquakes, one occurring overnight at 4:17 a.m. with a magnitude of 7.7 on the Richter scale. 'other at 1:24 p.m. with a magnitude ...
January
2023
The year 2023 promises to have a busy schedule for Türkiye. This year, the country is celebrating its centenary of its Republic proclaimed in 1923 under the aegis of Mustafa Kemal, later called Atatürk, who became its ...