turkey economy

Turkey to Tighten Belt, Offer Easier Credit as Growth Stalls

By Ercan Gurses and Nevzat Devranoglu ANKARA, Dec 8  – Turkey’s prime minister said on Thursday the government would make no unnecessary spending next year but would offer easier credit for the private sector as he announced measures to boost a stalling economy and shore up the lira. The steps outlined by Binali Yildirim include

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Investors See Cause for Worry in Turkey’s Divided Economy Team

By Orhan Coskun and Nevzat Devranoglu ANKARA, Dec 7 – The Turkish government’s eleventh-hour rescheduling of a meeting of its economic team to include the president last month was another stark reminder for investors: when it comes to policy, Tayyip Erdogan likes to call the shots. Erdogan’s drive for lower interest rates has rattled financial

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Bad Loans and Bankruptcies Sound the Alarm for Turkey’s Economy

By Asli Kandemir ISTANBUL, May 4 – After years of growth fuelled by credit and domestic consumption, bad debts and bankruptcies are rising in Turkey, squeezing banks and exposing a fragile real economy which risks denting support for the ruling AK Party. In its first decade in power, the AKP, founded by President Tayyip Erdogan,

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