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Turkish President Tayyip Erdogan is viewed as almost certain to include former economy chief Mehmet Simsek in his new cabinet, either as finance minister or as a vice president responsible for the economy, four senior officials said. ....
As Turkey's lira hit a record low ahead of the country's election decider on Sunday, the currency is looking increasingly dysfunctional with investors concerned about what may be in store if Tayyip Erdogan secures another decade in power. ....
Rates on some Turkish factoring companies' commercial loans have surged to as high as 70% ahead of this weekend's tight elections and maturities have shortened to about two weeks, three banking sector sources familiar with the matter said. ....
Turkey's central bank is sticking to its inflation forecast of 22.3% for 2023, Governor Sahap Kavcioglu said on Thursday - less than half of market expectations - even though the decline in inflation has been slower so far than it previously envisioned. ....
Turkey's trade deficit widened 43.9% year-on-year to $8.85 billion in April, the Trade Ministry said on Tuesday, while energy and gold imports, the main accelerator of the deficit, slowed down in the same period. ....