Lebanese set fire to banks
In Lebanon the rapid depreciation of the lira against the dollar and the record breaking caused protests. Lebanese depositors raided the home of the President of the Banks Association. They set the house on fire and wrote 'thieves' on the walls.
IMF officials in Pakistan
The International Monetary Fund has welcomed the commitment of Pakistan's government to enforce policies needed to buttress the stability of the country's economy but Pakistan need to press ahead with key reforms to strengthen its finances and reduce debt.
Stock market has been completely stopped
Borsa İstanbul announced that it has decided to suspend stock market transactions.
Inflation has eased globally but still remains high
Global supply lagging behind demand causes inflation to continue hovering at high levels. Despite central banks' rate hikes, high energy and food prices continue to push consumer and producer prices up in many regions, as global supply lagging behind overall demand has caused inflation to continue hovering at high levels.
Türkiye raises minimum wage to 8500 liras
President Erdoğan announced on Dec.22 the minimum wage will be determined as 8 thousand 500 TL net.
UK economy shrinks 0.3% in three months through October
Britain’s economy shrank in the three months through October, confirming the toll that rampant inflation and rising interest rates are having on business and industry.
Russian economy enters difficult period of transformation: Central bank
Russia lost access to half of its international reserves due to sanctions, says central bank governor
Turkish president calls on citizens to convert gold holdings to lira
Recep Tayyip Erdogan encourages citizens to bring back to economy 5,000 tons of gold ‘kept under the mattress’
Asian markets close day with mixed figures amid disappointing China growth
Chinese economy grows by 4.9% in 3rd quarter, falling short of expectations, official data shows on Monday
IMF revises down global growth projection to 5.9% for 2021
Risks to economic prospects rise, policy trade-offs become more complex, says International Monetary Fund
Oil prices up over supply worries coupled with growing demand
Soaring coal and gas prices make oil an attractive, cheaper alternative for power generation
Turkish economy beats expectations, expands 7% in Q1
Gross domestic product at current prices increased to $188.6B in January-March period, says TurkStat
Turkey, Azerbaijan trade deal ready: Minister
Azerbaijan to boost investments in Turkey, says trade minister
‘Outlook revision shows rebalancing of Turkish economy’
‘Revision of outlook from negative to stable reflects progress in stabilizing Turkish economy, says Fitch Ratings’ director
Turkish economy back to normalization after US, Russia deal
Benefiting from military and diplomatic success in Syria, economy showing signs of returning to normal
EU economy posts weaker growth performance in Q2
EU28 and eurozone see 1.4% and 1.2% annual growth rate in 2nd quarter, official data shows
'Blue Economy means benefitting from seas efficiently'
Marine biologist Bayram Ozturk says people should prevent pollution of seas no matter what they are doing with it
Turkish economy needs no external support: Ministry
Turkey's path will not cross with IMF's for either loans or technical support, says Turkish Treasury and Finance Ministry
Turkey one of 'safest countries' in terms of investment
Erdogan says Turkish investments abroad reached $38 billion thanks to special incentives of government