Turkey’s central bank has caused consternation amongst analysts and investors after admitting that much of its publicized currency reserve figures are held in short-term swap contracts. Turkey published foreign currency […]
Financial markets in Turkey have experienced a fresh period of turmoil, putting the country’s recovery from recession at risk and raising questions over the health of emerging markets as the […]
Turkey’s economy entered its first recession in a decade, official data showed on Monday, just weeks before President Recep Tayyip Erdogan’s government faces local elections where growth and inflation will […]
In a bid to stabilize Turkey’s faltering currency, Turkish Central Bank boosted interest rates by more than 6 percentage points, to 24 percent, even though Erdogan has vowed keep them […]
Speaking at a Turkey-Kyrgyzstan Business Forum in the Kyrgyz capital Bishkek on Sunday, Recep Tayyip Erdogan said that currency manipulations sought to “cast doubt on Turkey’s strong and solid economy.” […]
The road ahead for Turkey isn’t pretty. Alongside downgrades from ratings agencies Moody’s and S&P moving Turkey’s debt closer into non-investment — or junk — territory, experts now predict a […]
Desperate measures are in the air in Turkey: trading rooms are awash with talk of a bailout by the International Monetary Fund and potential capital controls. But there’s a vacuum […]
Greek and Turkish Cypriot leaders restarted negotiations on Wednesday for the island’s reunification. Cyprus is divided for the last 43 years, following an invasion by Turkey in 1974, triggered by a coup backed by the Greek Colonel’s regime.
Greek Cypriot leader Nicos Anastasiades and Turkish Cypriot leader Mustafa Akinci met in the Swiss Alpine resort of Crans-Montana, joined by senior U.N. and European Union officials and the foreign ministers of Greece and Turkey.
The conference brings all the main players to the table – including representatives from Cyprus’ guarantor powers, Greece, Turkey and Britain – in what is being billed as an arena “for big and lasting decisions”.
