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Turkey's priority lie in currency, price stability

ISTANBUL Turkey's main priorities are ensuring stability in exchange rates and prices, as well as to bolster predictability, the country's industry and technology minister said on Wednesday. Speaking at an event...

New measures will continue to protect Turkish public from high costs: President

ANKARA To continue keeping its promise of protecting the Turkish public from the high cost of living, the nation’s president announced new measures on Monday. No Turkish citizen will have to...

Turkey's central government gross debt stock at $201B in November

ANKARA The Turkish central government's gross debt stock totaled almost 2.71 trillion Turkish liras ($201.2 billion) at the end of November, official figures showed on Monday. The Treasury and Finance Ministry's...

Turkey's assets abroad total $306.8B in October

ANKARA Turkey's external assets stood at $306.8 billion by the end of October, up 20% from the end of last year, according to data released by the Turkish Central...

Turkey will not abandon free market principles: President Erdogan

ANKARA  Turkey will not abandon free market principles, President Recep Tayyip Erdogan said on Sunday, stressing that the country will not put in place a controlled foreign exchange regime. "The Turkish...

Turkey's daily power consumption down 7.16% on Oct. 31

ANKARA Turkey's daily electricity consumption decreased by 7.16% on Sunday compared to the previous day, totaling 740,696 megawatt-hours, according to official figures of Turkish Electricity Transmission Corporation (TEIAS) on Monday. Hourly...

Turkish Central Bank lowers interest rates by 200 basis points

ANKARA The Turkish Central Bank on Thursday lowered its one-week repo rate by 200 basis points, well above market expectation. The policy rate – also known as the one-week repo rate...

Turkish consumer confidence slips in October

ANKARA The Turkish consumer confidence weakened in October compared to last month, according to the country’s statistical authority on Thursday. The index is a vital gauge of the economy’s overall, indicating...

Turkish president hails country's economic performance during pandemic

ANKARA  The Turkish president on Monday hailed the country’s economic performance during the pandemic, while "the economies across the world were shaken." “In such a difficult period, Turkey has been extremely...

Turkish Central Bank's reserves rise to $88B in April

ANKARA The Turkish Central Bank’s reserves amounted to $88 billion at the end of April, the bank announced on Friday. Total reserve assets increased 1.5% from the previous month, according to...

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Turkish president, UN chief discuss ways to end crisis caused by Russia-Ukraine war

ANKARA The Turkish president and UN secretary-general on Monday spoke over phone and discussed initiatives aimed at resolving the ongoing crisis caused by the Russia-Ukraine...

Anadolu Agency's Morning Briefing – June 21, 2022

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Russia becomes China’s largest oil supplier

ANKARA Russia has surpassed Saudi Arabia to become China's largest oil supplier, as refiners bought up Russian crude oil offered at a huge discount...

EU, Egypt agree on partnership priorities until 2027

BRUSSELS The EU and Egypt have agreed on the partnership priorities guiding their relationship until 2027. The Association Council of the European Union and Egypt...

Syria's Tal Rifat surrounded with tunnels by YPG/PKK terrorists

TAL RIFAT, Syria / ANKARA The YPG/PKK terror group is using a sophisticated network of tunnels in the Tal Rifat district in northern Syria to...