Ratings agency says risk of another balance of payments crisis is rising, meaning the risk of a government default down the line is also increasing.
Duo accused of attempting to undermine the economic stability of Turkey, the world’s biggest jailer of journalists for three straight years.
Good news for credit card holders as officials devise more ‘sugar highs’ ahead of the revote Turkey’s strongman simply must win.
Decision was expected. Both lira and political outlook—with Istanbul revote and more Russian missile rows with US ahead—are unstable. Officials remain engaged in manipulating currency and injecting fresh loans into zombie companies.
Sees huge growth opportunity for online payments. e-commerce in Turkey growing stably at over 10% each year, but still in infancy.
Total gross amount to be distributed as bonus shares and cash dividends from 2018 profit equals 83% of TRY1.25bn net profit.
It fell to 69.79 in May, the weakest level recorded since last September's record low of 62.45.
It grew to TRY14.2bn (€2.17bn) according to a report by GfK Temax.
Crucially, however, its deadline falls one week after the Istanbul revote seen as another referendum on Erdogan and test of what remains of Turkish democracy.
Knocking 2.6pp off its previous forecast, institution says higher inflation, pressure on real incomes, sharp banking and corporate sector deleveraging and low business and consumer confidence are taking a big toll.
Financial pressures faced by consortium behind Turkey’s flagship infrastructure project eased. Critics, meanwhile, continue to ask why mega airport was built in the first place.
Surprise fall despite latest currency woes. Rate-setters may further shift from hawkish stance at pre-election MPC. But there’s little scope for easing, and capital controls could be ahead. Analysts doubt they’d be effective in shoring up lira.
Bounce may not reflect underlying recovery. Trigger appears to be big credit expansion that destabilised the BoP and weakened the lira.
As country prepares for week-long holiday, geopolitical ‘messaging’ lifts lira and Erdogan camp prepares ground for Istanbul revote.
Annual progress report on country's EU accession path says economic turmoil has exposed vulnerabilities built up over years.
Private equity-owned buyer picking up company with more than 450 multinational clients. It solutions include e-Invoice, e-Ledger, e-Archive, e-Delivery note, e-Ticket and e-Signature.
Debt ratio of big industrial companies climbed to 67%, the "most negative" on record.
Running out of gas in its bid to get a grip on Turkey’s tottering economy, Erdogan administration seizes on money market portfolios. And as clerics in Pakistan issue fatwa against dollar buying, Turks wonder “could it happen here?”
Turkish central bank yanks $4.2bn from market by hiking FX reserve requirement ratios
Global markets are pricing in a Turkish default. The Erdogan administration is fixated on its pre-election stimulus and flattering Trump. The IMF says it ain’t had a call. And the IIF quite frankly is saying WTF?