turkey business

Turkey Rejigs GDP Calculations as Output Falls for First Time Since 2009

By Daren Butler and Nevzat Devranoglu ISTANBUL/ANKARA, Dec 12 – On paper at least, 79 million Turks got a near 20 percent boost to their average standard of living on Monday when the government rejigged GDP calculations, a change unlikely to stem frustration about an economy now in contraction. Turkey, which restated its gross domestic

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Foreign Banks Stand to Lose From Turkey Coup Fallout

By Asli Kandemir and John O’Donnell ISTANBUL/FRANKFURT, July 19 – Foreign banks have invested heavily in Turkey, leaving them exposed to any jolt to confidence as the country purges police, military and the judiciary following a failed military coup. France and the United Kingdom have the largest credit exposure to the country, central-bank data from

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