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Turkish GDP at current prices climbed to over 3.1 trillion Turkish liras last year, up 19 percent from 2016. (Shutterstock)

March 29th, 2018 - 10:36 GMT

Turkey’s Economy Grows 7 Percent in 2017, GDP up 19 Percent

Turkey's economy grew 7.4 percent in 2017, compared with the previous year, the Turkish Statistical Institute (TurkStat) announced on Thursday.

Inflation in April stood stubbornly above the central bank's forecast for the end of the year and weighing against the likelihood of significant interest rate cuts in the near term.

May 6th, 2014 - 02:55 GMT

Who's to blame? At almost 10%, Turkey's inflation rate hits 2 year high

The bank allocated additional net provisions of $61 million in the first nine months of 2013 with gross doubtful loans accounting for 2.2 percent of gross loans.

October 22nd, 2013 - 01:36 GMT

Expensive Expansion: Bank Audi's profits affected by Turkey launch