Global finance watchdog adds Turkey to grey list Amid high inflation, widespread youth unemployment and deepening poverty, the country's economic situation is looking increasingly grim Amberin Zaman | Turkey | Oct 21, 2021 People line up to exchange money at a currency exchange office on Oct. 14, 2021, in Istanbul, Turkey. Turkey's lira dropped to a record low against the US dollar, falling as much as 1.2% to 9.18 after President Recep Tayyip Erdogan dismissed three central bank monetary policy committee members.
Is Ankara capitulating to or allowing lira’s depreciation? Turkey’s central bank shocks financial markets with a bigger-than-expected rate cut, overriding concerns over the slump of the Turkish lira and its bruising impact on the economy. Mustafa Sonmez | Turkey | Oct 21, 2021
Turkey’s vulnerable lira plunges to record low after central bank sackings In a midnight decree, President Recep Tayyip Erdogan rid the central bank of key bureaucrats who opposed his calls for lower interest rates ahead of next Thursday’s key meeting. Nazlan Ertan | Turkey | Oct 14, 2021
Is Erdogan’s Communications Directorate failing him? Fancy buildings and growing budgets at Turkey's Communications Directorate have failed to improve Erdogan’s global image. Growing rumors about his health and discussions over possible transition figures are a red flag for Turkey’s economic and political welfare. Pinar Tremblay | Turkey | Oct 13, 2021
Istanbul’s war on street waste collectors threatens migrants Police raids on the unregulated recycling sector are targeting some of the poorest members of Turkish society, including undocumented refugees with few other options to survive. Andrew Wilks | Turkey | Oct 8, 2021
Turkish sovereign wealth fund reportedly considering stake in Turk Telekom Ankara’s sovereign wealth fund may be seeking to acquire a majority stake in Turk Telekom, having already gained control of Turkey’s largest mobile phone operator. Mustafa Sonmez | Turkey | Oct 4, 2021
Turkish students continue protests despite arrests, Erdogan’s accusations University students in Turkey continue their protests for access to dorms and affordable rentals, despite police pressure and Erdogan’s denial of a dorm problem. Nazlan Ertan | Turkey | Sep 30, 2021
Turkish lira drops to near record lows after Central Bank trims policy rate The move came following pressure from the Turkish president. Amberin Zaman | Turkey | Sep 23, 2021
Bowing to Erdogan’s pressure, Turkish Central Bank makes risky rate cut Turkey’s Central Bank has delivered a rate cut long sought by the president, who's counting on stimulating economic growth to patch up his sagging popular support. Mustafa Sonmez | Turkey | Sep 23, 2021
Turkish university students camp in parks to protest rent hikes Citing trouble finding affordable housing ahead of the fall semester, student groups across Turkey are organizing campout events in protest of rising rental prices. Diego Cupolo | Turkey | Sep 21, 2021
Turkey’s defense industry suffers setback but future remains promising The Turkish defense industry saw a significant decline in its revenues last year according to newly released data, but companies in the sector remain optimistic about their growth prospects. Metin Gurcan | Turkey | Sep 14, 2021
Is Turkey’s export-driven growth sustainable? Turkey’s industry remains heavily reliant on imported materials, meaning the country’s current account deficit problem persists despite a record increase in exports. Mustafa Sonmez | Turkey | Sep 10, 2021
Turkey’s record growth rate belies murky economic prospects Eager to woo back disgruntled voters, Erdogan appears bent on stimulating economic growth at the risk of stoking Turkey’s currency troubles. Mustafa Sonmez | Turkey | Sep 1, 2021
Iraqi Kurdish leader helps ease Turkey-UAE tensions Iraqi Kurdistan President Nechirvan Barzani helped facilitate a recent phone call between Abu Dhabi Crown Prince Mohammed bin Zayed and Turkish President Recep Tayyip Erdogan. Amberin Zaman | Turkey | Aug 31, 2021
How far might Turkey, UAE reach in fence-mending bid? Turkish President Recep Tayyip Erdogan's reception of the UAE national security adviser has raised the prospect of a reset in acrimonious bilateral ties. Fehim Tastekin | Turkey | Aug 26, 2021
Intel: US lifts Iran-related sanctions, says no connection to nuclear deal Elizabeth Hagedorn | Iran | Oct 8, 2021
People line up to exchange money at a currency exchange office on Oct. 14, 2021, in Istanbul, Turkey. Turkey's lira dropped to a record low against the US dollar, falling as much as 1.2% to 9.18 after President Recep Tayyip Erdogan dismissed three central bank monetary policy committee members.
