Turkey economy - updates

Rappler's latest stories on Turkey economy


Turkey strives to revive virus-hit tourist sector

Jun 23, 2020 - 2:05 PM

Turkey is trying to lure tourists to save what it can of the summer season

This picture taken on June 20, 2020 shows a general view of an empty beach at Lara district in Antalya, a popular holiday resort in southern Turkey. - In normal times, the tourist would have to get up at dawn to find a free sunbed on this beach of Antalya, a popular holiday resort in southern Turkey. Today even after a sleep in, the best locations are all available. The novel coronavirus pandemic has hit the tourism industry -- the backbone of the country's economy. (Photo by Ozan KOSE / AFP)

Turkey's Erdogan searching for ways to save economy

May 19, 2020 - 7:15 PM

With a risk of mass unemployment, a collapse in tourism, and an unstable currency in Turkey, 'the situation is extremely bad'

EMPTY. A view of the iconic Taksim Square in central Istanbul, Turkey, deserted due to the novel coronavirus outbreak, on March 26, 2020. Photo by Bulent Kilic/AFP

Coronavirus threatens fragile Turkish economy

Mar 31, 2020 - 10:30 PM

Experts warn of higher unemployment and lower growth in Turkey, as well as the possible impact of the coronavirus on tourism, which employs hundreds of thousands of people

A view of the iconic Taksim Square in central Istanbul, deserted due to the novel coronavirus, COVID-19, outbreak on March 26, 2020. (Photo by Bulent KILIC / AFP)

Turkey tumbles into recession as polls loom

Mar 11, 2019 - 6:42 PM

The flagging economy coupled with a currency crisis last year are sensitive issues for President Recep Tayyip Erdogan and his ruling Justice and Development Party before the vote on March 31

TURKEY. Skyscrapers are pictured at the financial and business district Maslak on August 15, 2018 in Istanbul. File photo by Ozan Kose/AFP

Corruption worsening in Turkey, China – Transparency

Dec 04, 2014 - 9:50 AM

This year Transparency International also highlights the role multinational banks and the world s financial centers play in allowing the dodgy elites of some developing countries to stash away or launder ill gotten millions

Corruption Perceptions Index map. Map courtesy Transparency International

Turkey assumes G20 presidency, pledges to fight inequality

Dec 01, 2014 - 9:07 PM

The presidency of the G20 is seen by Ankara as a major opportunity for Turkey to showcase its status as an economic and political power

Leaders from the G20 Summit pose for the family photo at their meeting in Brisbane, Australia 15 November 2014. (front row L-R) Russia's President Vladimir Putin, South Africa's President Jacob Zuma, France's President Francois Hollande, Germany's Chancellor Angela Merkel, Japan's Prime Minister Shinzo Abe, Australia's Prime Minister Tony Abbott, China's President Xi Jinping, United States' President Barack Obama, Brazil's President Dilma Rousseff, Saudi Arabia's Crown Prince Salman bin Abdulaziz, Turkey's Prime Minister Ahmet Davutoglu. (Middle row L-R) Mexico's President Enrique Pena Nieto, Spain's Prime Minister Mariano Rajoy Brey, European Commission President Jean-Claude Juncker, Republic of Korea's President Park Geun-hye, Canada's Prime Minister Stephen Harper, Indonesia's President Joko Widodo, United Kingdom's Prime Minister David Cameron, India's Prime Minister Narendra Modi, Italy's Prime Minister Matteo Renzi, European Council President Herman Van Rompuy, Argentina's Minister of Economy Axel Kicillof. Back Row (L-R) FSB Chairman Mark Carney, International Labour Organization Guy Ryder, IMF Managing Director Christine Lagarde, OECD Secretary-General Angel Gurria, Senegal's President Macky Sall, Singapore's Prime Minister Lee Hsien Loong, New Zealand's Prime Minister John Key, Mauritania's President Mohamed Ould Abdel Aziz, Myanmar's President U Thein Sein, World Bank Group President Jim Yong Kim, WTO Director-General Roberto Azevedo, United Nations' Secretary-General Ban Ki-moon. EPA/ANDREW TAYLOR / HANDOUT AUSTRALIA AND NEW ZEALAND OUT HANDOUT EDITORIAL USE ONLY/NO SALES

Turkey's Erdogan risks bumpier economic ride during presidency

Aug 24, 2014 - 11:06 PM

A tricky external environment and concerns about the wisdom of some policies means Recep Tayyip Erdogan may have a bumpier ride ahead as Turkey s president

MR PRESIDENT. Recep Tayyip Erdogan acknowledged cheers of supporters during an election rally in Konya, Turkey, 09 August 2014. Kayhan Ozer/EPA