Economy

In the first quarter of 2024, Bursa's exports show a notable increase of 2.9%, reaching over 180 countries and autonomous regions, according to a compilation of data from the Türkiye Exporters Assembly

Türkiye's manufacturing, mining, and energy sectors drive a remarkable surge in industrial output, marking the highest growth rate in two years

Facing shortages due to Israel's blockade, Palestinian farmers in Gaza are turning to Turkish fertilizers and pesticides for vital support in cultivating their crops

Finance Minister Mehmet Simsek forecasts a significant decline in inflation after the May peak of around 73% to about 40% in July

European stock markets closed down on the last trading day of the week

The BIST 100 index in Borsa Istanbul gained 5.37% and ended the day at a record high of 9,618.83 points

In the week ending March 29, the total reserves of the Turkish central bank decreased to $123.13 billion, marking a decline of $718 million compared to the previous week

The Economic Coordination Council emphasizes need to address inflation and provide long-term social welfare programs

Turkish markets see a surge in returns following the announcement of a 3.16% inflation rate for March

Bank stocks surge with a 30% increase in BIST100, sparking investor interest and prompting analysts to predict further growth

Tera Investment favored some stocks including Anadolu Group Holding, BIM, Sabanci Holding, and Turkish Airlines, as top picks while cautioning against higher-than-expected inflation and other economic uncertainties

Gold prices soar as geopolitical tensions escalate, with the ounce reaching $2288, while eyes remain on U.S. employment data

The commencement of operations at the Sakarya Natural Gas Production Field led to a significant monthly increase of 2 million cubic meters (mcm) in January, accompanied by a substantial 77 mcm rise compared to last year

March inflation data shows a 3.16% rise in the Consumer Price Index (CPI) and 3.29% in the Producer Price Index, with eggs leading the price drop at 10.16%

Despite pre-election forecasts, Turkish lira remains steady, with companies and citizens shifting focus toward domestic currency amid stable market conditions

Wells Fargo suggests significant change in Türkiye's monetary and economic policy, potentially turning a corner for Turkish currency

Foreign economists attribute AK Party's first election defeat since 2002 to high inflation

Despite political shifts, the dollar maintains stability, while gold soars to unprecedented levels following local elections in Türkiye

Economist Omer Faruk Bingol sees potential for economic relief in Türkiye with prudent management and resolution of election uncertainties

US government data shows slight increase in US central bank's preferred inflation measure, driven by surging fuel prices

The International Monetary Fund (IMF) announces immediate $820 million financial assistance to Egypt's government, part of $3 billion aid program approved at end of 2022