Exotic destinations in Central Asia and the Caucasus saw the region’s sharpest increase in tourist spend in the last seven years, a report from the WNWTO shows.
Some relief evident, however, for FX-loan indebted construction firms with Turkish lira strengthening around 20% since start of September.
The figure is a big advance on September's forecast of 19.61% with the country's CPI having surprised the market by springing from 17.9% in August to 24.52% in September.
Vocal critic of Erdogan’s “undemocratic” executive presidency pays call at a time when Turkey’s prospects of eventual EU membership are in the balance.
Report says missing Saudi journalist was allegedly dismembered with a bonesaw while still alive.
Country must repay $45bn in foreign debts across August-December, with private sector share calculated at $37bn says Treasury.
Finance minister bills sale as evidence of Turkey's sound economic fundamentals and solidity against external shocks amid its economic difficulties.
Turkish Automotive Distributors’ Association sees sales of 600,000 units in 2018 and 450,000 in 2019.
Consumers tightening their belts amid currency crisis, roaring inflation and the likelihood of a severe recession.
Swathes of companies seeking bankruptcy protection amid country's currency crunch.
Figure compounds worrying trend of lost value for home owners that now stretches back a year.
Softer indicators, however, continue to suggest country is on course for a hard landing, analysts say.
Developments give Ankara leverage over both US and Saudi Arabia.
Amid warnings that Turkey is on course for a deep recession, figures show sustained decline in construction industry jobs and another worrying rise in youth joblessness.
Income from interest and fines almost triples due to unexplained miscellaneous revenues.
President insists that even if opposition party makes no money on the stake, it is not appropriate for politicians to be on the bank’s board.
Lender on a rollercoaster ride - share price previously saw a gain of over 1,000% after treasury minister said it was to be restructured with an expanded mandate.
Severe devaluation of the lira shows through in changing dynamics of automakers' output.
Decision a big breakthrough in resolving diplomatic rift between Ankara and Washington, may help ease Turkey’s economic turmoil.
Donald Trump says US is also investigating suspected murder in Istanbul consulate of Riyadh critic but says he won’t halt $110bn of arms sales to kingdom.