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Turkey raised tax on petrol on Sunday to help to fund a 1.12 trillion lira ($42.2 billion) increase to its 2023 budget after February's earthquakes and the May presidential election sent spending soaring.
Turkey's lira was stronger on Friday after Finance Minister Nureddin Nebati was cited as saying inflation would peak in January and start to fall from May, reaching single digits by June 2023 when... | January 14, 2022
Turkey's foreign trade deficit has surged beyond $45 billion this year, data showed on Thursday, as fallout from the coronavirus pandemic extended the worst economic slump in President Tayyip Erdogan's nearly two decades in power. The sharp trade imbalance, including a jump...