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Turkey economy

Turkish central bank nearly doubles 2022 inflation forecast to 42.8%

ISTANBUL: Turkey’s annual inflation will peak at around 70% by June before declining to near 43% by year-end, the...

Published 28 Apr, 2022 05:23pm

Business & Finance

Lira logs worst year in two decades under Erdogan

ANKARA: Turkey’s lira has logged its worst year since President Tayyip Erdogan came to power nearly two decades...

Published 03 Jan, 2022 06:42am

Business & Finance

Turkey has burst its forex bubble with latest measures: Erdogan

ISTANBUL: Turkey’s President Tayyip Erdogan said on Friday the government had burst a bubble in the foreign...

Published 25 Dec, 2021 05:02am

Business & Finance

Turkey expected to sell $2.5bn in 5-year sukuk

It set the yield for the Turkish sukuk at 5.125%, tightened from an initial price guidance of around 5.5%, the document from one of the banks on the deal showed.

Published 15 Jun, 2021 07:45pm

World

Turkey to streamline monthly labour market data

The agency will publish data for the first two months of the year at the same time in April, as well as comparable series, according to the new definitions and methodology.
The last published labour data showed Turkey's unemployment rate ticked up to 12.9% in the October-December period.

Published 22 Feb, 2021 06:08pm

Markets

Lira gains will ease Turkish inflation but pressures remain

Speaking in an online presentation of the bank's quarterly inflation update.

Published 28 Jan, 2021 01:10pm

Business & Finance

Facebook says starts process of appointing Turkey representative

The law allows authorities to remove content from platforms, rather than blocking access as they did in the past.
"We will withdraw the representative if we face pressure on either," the company said in a statement.

Published 18 Jan, 2021 06:53pm

Markets

Turkey announces $18.5bn public investment programme for 2021

$6 billion for public investments in the transportation and communication sectors in 2021, and another $2.6 billion for education projects.
Under the programme, Turkey's Transport and Infrastructure Ministry will receive some $2 billion.

Published 16 Jan, 2021 07:12pm

World

Greece seeks to send 1,450 migrants back to Turkey

Migrant returns to Turkey, under a 2016 EU-Turkey agreement, largely dried up last year due to the coronavirus crisis.
We expect Turkey to step up its efforts ... First, to prevent the passage of boats departing from its shores bound for our country and European Union. And second to accept the return of migrants.

Published 14 Jan, 2021 05:38pm

World

Erdogan says Turkey to target price stability, reforms

Ankara had set a growth target of 0.5% in 2020. Erdogan has also pledged a series of judicial and economic reforms to draw in investments, aiming to alleviate Turkey's recent economic woes.

Published 11 Jan, 2021 09:58pm

Markets

Turkish lira's real effective exchange rate at 62.34 in Dec

November's number was revised as 60.45, the lowest level on record.
The rate, announced by the central bank, measures the weighted average of domestic prices relative to those of Turkey's trading partners.

Published 05 Jan, 2021 07:46pm

World

Turkey eyes 25mn foreign visitors in 2021, tourism officials say

Tourism industry sources say it will take at least two years for the number of arrivals to reach the levels before the pandemic.
The number of foreign visitors to Turkey in 2019 was 45.06 million; tourism revenues stood at $34.5 billion.

Published 05 Jan, 2021 05:15pm

World

Turkey targets tax and price rises to lessen inflationary impact

Inflation ended 2020 above government forecasts at 14.6%, mainly due to a sharp decline in the lira and surging food prices.
Bankers said the government, in a departure from previous years, is hiking taxes and prices on items that account for only a small portion of the inflation basket.

Published 05 Jan, 2021 04:59pm

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jun 29 786 Investments Limited(786)	5.38 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 29 Al-Abbas Sugar Mills Limited(AABS)	288.80 ▼ 0.00 (0.00%)
Agro Allianz / Jun 29 Agro Allianz Limited(AAL)	16.00 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 29 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jun 29 Allied Bank Limited(ABL)	70.00 ▼ 0.00 (0.00%)
Abbott Lab. / Jun 29 Abbott Laboratories (Pakistan) Limited(ABOT)	664.35 ▼ 0.00 (0.00%)
Abson Ind. / Jun 29 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jun 29 Alfalah Consumer Index ETF.(ACIETF)	7.91 ▼ 0.00 (0.00%)
Attock Cement / Jun 29 Attock Cement Pakistan Limited(ACPL)	67.13 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jun 29 786 Investments Limited(786)	5.38 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 29 Al-Abbas Sugar Mills Limited(AABS)	288.80 ▼ 0.00 (0.00%)
Agro Allianz / Jun 29 Agro Allianz Limited(AAL)	16.00 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 29 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jun 29 Allied Bank Limited(ABL)	70.00 ▼ 0.00 (0.00%)
Abbott Lab. / Jun 29 Abbott Laboratories (Pakistan) Limited(ABOT)	664.35 ▼ 0.00 (0.00%)
Abson Ind. / Jun 29 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jun 29 Alfalah Consumer Index ETF.(ACIETF)	7.91 ▼ 0.00 (0.00%)
Attock Cement / Jun 29 Attock Cement Pakistan Limited(ACPL)	67.13 ▼ 0.00 (0.00%)

Stock	Volume

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 27	207.50
USD PKR Interbank Buying / Jun 27	207.30
USD to Japanese Yen / Jun 27	135.25
USD to Swiss Franc / Jun 27	0.96
Pound Sterling to USD / Jun 27	1.23
Euro to USD / Jun 27	1.06
UK LIBOR % / Jun 27	1.58

Stock	Volume
S&P 500 / Jun 27	3900.11
India Sensex / Jun 27	53161.28
Tokyo Nikkei / Jun 27	26856.89
Nasdaq / Jun 27	11524.55
Hang Seng / Jun 27	22049.42
FTSE 100 / Jun 27	7258.32
Dow Jones / Jun 27	31438.26
Germany DAX 30 / Jun 27	13186.07
France CAC40 / Jun 27	6047.31

Item	Value
Crude Oil USD/Barrel / Jun 27	110.74
Karachi Cotton PKR/37.32 KG / Jun 27	18980.00
Gold 10 Grams PKR / Jun 27	122200.00
Gold Spot USD/Ounce / Jun 27	1823.38
Cotton US¢/pound / Jun 27	94.02

Turkey economy

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