Türkiye has announced a proposed budget of approximately 27.28 trillion Turkish lira ($550.8 billion) for the year 2027, focusing on fostering economic growth and improving housing infrastructure. Vice President Cevdet Yılmaz highlighted the budget's aim to bolster the country's economic resilience, enhance investment, and uplift living standards amid ongoing global economic challenges. The proposal is set to be presented to Parliament for approval.
The government...
The International Monetary Fund (IMF) has adjusted its global economic growth forecast for 2026 to 3.1%, a slight increase from its previous prediction of 3.0%. However, this remains below the 3.5% growth experienced in 2025. Looking ahead, the global economy is projected to expand by 3.4% in 2027.
The IMF attributes part of the economic resilience to investment in artificial intelligence (AI), which helps counterbalance...
Oil prices experienced a significant drop on Monday, descending below the $100-a-barrel mark, as progress in the United States-Iran negotiations offered a glimmer of...
Mexico and the European Union have finalized a revamped trade agreement aimed at reducing tariffs and bolstering economic ties. This move comes as both...
In a recent phone conversation, President Recep Tayyip Erdoğan emphasized to European Commission President Ursula von der Leyen the critical role of Türkiye-European Union...
