The Business Times

Recep Tayyip Erdogan

International

Turkey’s Erdgoan concedes ‘turning point’ after local polls setbacks

Alibaba has “confidence in Turkey’s sound economic fundamentals” and has already invested US$1.4 billion in the country’s biggest e-commerce marketplace.
Companies & Markets

Alibaba unveils US$2 billion Turkey investment in Erdogan meeting

ALIBABA Group Holding announced plans to invest US$2 billion in Turkey after a meeting with President Recep Tayyip Erdogan.

The Turkish president, who won re-election in May, is known for being a self-proclaimed enemy of high interest rates.
International

Turkey’s Erdogan backs high interest rates in surprise move

TURKISH President Recep Tayyip Erdogan said “tight monetary policy” was needed to slow inflation, in an apparent change in stance for a leader who’s long frustrated investors by championing ultra-low ...

During their call, Biden and Erdogan also discussed the delivery of F-16 fighter jets to Turkey, and Ukraine’s aim to join Nato.
International

In call with Turkey’s Erdogan, Biden expresses support for Sweden’s Nato bid

US President Joe Biden expressed a desire to see Sweden join Nato “as soon as possible” in a phone call with Turkish President Tayyip Erdogan in which they discussed Sweden’s bid to become a member of...

By leveraging Turkey’s geopolitical position, Erdogan was able to sustain his spending spree until Turks cast their ballots. But now that he has won another term, an economic reckoning looms.
Opinion & Features

Erdogan’s economic reckoning

A decade of erratic economic policymaking has brought Turkey to the brink of disaster

Turkish President Recep Tayyip Erdogan addressing supporters gathered outside his residence following his victory in Turkish presidential election at Kisikli district in Istanbul, Turkey, May 28, 2023.
International

Erdogan seals election victory in Turkey to defy naysayers

TURKISH President Recep Tayyip Erdogan sealed an election victory that appeared unlikely just weeks ago, raising the prospect of more friction with Western governments and more uncertainty for investo...

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