Economy
Turkish Smartphone Prices Expected to Rise Sharply Amid Global…
The global smartphone market is projected to shrink by 13%, with Turkish prices expected to rise 35-40%. İlkay…
Category: Economy
Economy
Education Costs Drive Turkey’s May Inflation
Education costs in Turkey saw a significant 50.06% annual increase in May, making the sector the dominant driver…
Economy
OECD and EBRD Downgrade Turkey’s Growth Forecasts Amid Economic…
The Organisation for Economic Co-operation and Development (OECD) and the European Bank for Reconstruction and Development (EBRD) have…
Economy
World Bank Reviews Credit Terms for Turkey’s Building Completion…
The World Bank is evaluating credit and maturity terms for building completion insurance in Turkey, according to Ahmet…
Economy
OECD Warns of Energy Costs and Overcapacity Impacting Global Steel…
The OECD warns the global steel industry faces persistent difficulties. Key issues include rising energy costs from Middle…
Economy
Turkey’s Hazelnut Exports Near $2 Billion in First Nine Months
Turkey's hazelnut exports have generated significant revenue, nearing $2 billion in the first nine months of the 2025-2026…
Economy
EBRD Downgrades Turkey’s Growth Forecasts for 2026 and 2027
The EBRD has cut Turkey's economic growth forecasts for 2026 and 2027, signalling a more subdued outlook. GDP…
Economy
TZOB: Turkish Grain Prices Do Not Meet Expectations
Turkey's leading farmers' organisation, TZOB, criticises the announced 2026 grain intervention prices and 45-day payment terms, warning of…
Economy
Turkey’s Central Bank Reserves Fall by $8.4 Billion
Turkey's Central Bank (TCMB) saw its foreign exchange reserves fall by $8.4 billion to $160.2 billion for the…
Economy
Turkey’s Real Sector Reduces Foreign Currency Deficit in March
Turkey's real sector saw its net foreign currency deficit drop to $194.208 billion in March, a $6.403 billion…