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Tags (7) : Turkish economy

Fitch downgrades Turkish debt to B with negative outlook

Fitch downgrades Turkish debt to B with negative outlook
07/11/2022 | Society / Institutions
TURKEY. The British agency Fitch Ratings has decided to lower Turkey's long-term sovereign debt rating from B+ to B, with a negative outlook.
Fitch Ratings, Hearst Corporation, IDR, rating agency, Recep Tayyip Erdogan, Turkey, Turkish debt, Turkish economy, Ukraine

Recep Tayyip Erdogan to continue lowering interest rates despite soaring inflation

Recep Tayyip Erdogan to continue lowering interest rates despite soaring inflation
06/07/2022 | Society / Institutions
TURKEY. The Turkish president reaffirmed his intention to continue his low interest rate strategy, despite inflation reaching 73.5% of GDP in May 2022.
Central Bank of Turkey, Enag, Erdogan, inflation, TCMB, Turkey, Turkish economy, Turkish lira, Turkish Statistics Office, TÜIK

Inflation at its highest in Turkey for twenty years

Inflation at its highest in Turkey for twenty years
05/05/2022 | Society / Institutions
TURKEY. According to the Turkish Statistical Institute, annual inflation hit 70% in April 2022, the highest level in two decades.
Ankara, ENAG, Erdogan, inflation, inflation in Turkey, Nureddin Nebati, Sait Erdal Dinçer, Serkan Gençer, Turkey, Turkish economy, Turkish lira, TÜIK

Turkey sets new inflation record, close to 50%, in January 2022

Turkey sets new inflation record, close to 50%, in January 2022
02/03/2022 | Society / Institutions
TURKEY. The Turkish Statistical Institute reports that the inflation rate reached 48.69% year-on-year in January 2022, its highest level since April 2002.
consumer prices in Turkey, Erdogan, inflation, inflation in Turkey, Nureddin Nebati, Sait Erdal Dincer, TUGIK, Turkey, Turkish economy, Turkish Statistical Institute, TÜIK, Young Businessmen's Confederation of Turkey

Turkish inflation hits two-decade high

Turkish inflation hits two-decade high
01/04/2022 | Society / Institutions
TURKEY. According to the country's National Statistics Office, inflation in Turkey has reached 36.08% over the year, seven times higher than the figure forecast by the government. Exports have also reached a record high.
economy, Mehmet Mus, Recep Tayyip Erdogan, TCMB, TUIK, Turkey, Turkish economy, Turkish exports, Turkish imports, Turkish inflation, Turkish lira, Turkish minimum wage, Turkish National Statistics Office

Turkish lira's fall still fuels inflation chapter

Turkish lira's fall still fuels inflation chapter
12/17/2021 | Society / Institutions
TURKEY. The low interest rate policy advocated by Recep Tayyip Erdogan is leading to a surge in inflation and an inexorable fall in the Turkish lira.
AKP, Berat Albayrak, China, Christine Lagarde, Erkan Kilimci, G20, IMF, International Monetary Fund, Moody's, Murat Cetinkaya, Murat Uysal, Naci Agbal, Nureddin Nebati, Recep Tayyip Erdogan, S&P, TCMB, Turkey, Turkish Central Bank, Turkish economy, Turkish Lira, Turkish Statistical Institute, TÜIK, Türkiye Cumhuriyet Merkez Bankasi, Şahap Kavcıoğlu

600 million in loans earmarked for Turkish women-owned businesses

600 million in loans earmarked for Turkish women-owned businesses
11/09/2021 | Services
TURKEY. Odile Renaud-Basso, President of the EBRD, unveils the release of a €600 million credit line for local banks, exclusively dedicated to on-lending to Turkish companies run by women.
Denizbank, EBRD, European Bank for Reconstruction and Development, European Union, KGF, Olivia Renaud-Basso, SMEs, Turkey, Turkish economy, Women in business


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