Mortgage sales, however, continued to decline in the overheating economy, but at the lower pace of 12% y/y compared to 36% y/y in April.
If Donald Trump signs a reconciled version of the bill, 100 stealth jets earmarked for Ankara may be held back.
"They are telling me I shouldn’t talk about this before the election... I have to speak the truth, so we can reach the truth,” he says on campaign trail.
Expansion of 10.06% measured in April trailed the annual CPI rate of 10.85%.
Amid the country's currency collapse, it reached the highest level recorded since March 2015.
Rate of growth edges ahead of March's 7.7%.
Slovenia is the only East European country among the top 10 in terms of gains to GDP per capita due to globalisation, a study from German foundation Bertelsmann finds.
Economy likely to suffer quarter or two of negative growth this year says forecast that lies well below the consensus.
Across January-May, it expanded by 78% y/y to TRY20.5bn.
Good news for the ruling party ahead of this week's elections but the figures do not cover the period that saw the start of the ongoing economic slowdown in Turkey.
President’s latest attack on ratings agencies amid country’s economic turmoil may further complicate task of meeting large external financing requirements.
As the markets garrotted the lira, Turkey’s president gave up on any idea he had of continuing to stand defiant against an interest rate hike. But if he is re-elected in late June, will the markets trust him to keep a rational hand on the helm?
Lira, bonds and shares all suffer with Fed hike and ‘reloaded’ Erdogan factors troubling investors.
Short-term loans jump 7% m/m as of the end of the fourth month.
The expansion has now lasted 19 consecutive months, but the growth deceleration has persisted for the past four months.
Passenger numbers at Georgian airports soared by 30.5% and there were more modest hikes in Ukraine, Macedonia and Montenegro, ACI Europe study shows.
EBRD economist highlights sharp rise in corporate indebtedness especially in foreign currencies, putting economies at risk from a currency depreciation or growth slowdown.
Pipeline to help EU diversify away from over-reliance on Russian gas as part of 3,500-km corridor.
The US Federal Reserve raising interest rates combined with political and economic turbulence have caused investments to flow out of emerging and into mature markets since the start of this year.
Output declines for the second consecutive month and registers 2% fall for Jan-May.