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

Turkey eyes to become 12th-largest economy based on PPP

President Erdogan says Turkey to break exports record by year-end with $170B