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Clothing shops sell life jackets are seen in the Aegean port city of Izmir, western Turkey, August 10, 2015. REUTERS/Osman Orsal


Unemployment Rate Ups to 11.8%

Unemployment Rate Ups to 11.8%

Ankara – The Turkish Statistical Institute (Turkstat) announced on Monday that Turkey’s unemployment rate reached 11.8 percent in October 2016, compared to 11.3 in September of the same year — In the same period, the unemployment in non-agricultural...
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REUTERS photo


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Tourists count their money after changing foreign currency to Turkish lira at a currency exchange office in Istanbul, Turkey, on August 19, 2015. (Reuters/Murad Sezer)


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Residents ride on a motorcycle and past a market during the Muslim fasting month of Ramadan in Aleppo, Syria, on June 23, 2015. (Reuters/Abdalrhman Ismail)


Media ID: 55329399
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Protesters block the road during a demonstration against the opening of a new road including a part of the Middle East Technical University campus in Ankara February 25, 2014. (REUTERS/Umit Bektas)


Foreign companies in Turkey face squeeze

Foreign companies in Turkey face squeeze

London/Vienna, Reuters—Foreign companies in Turkey are beginning to feel the effects of a sagging currency, rising inflation and a growing political power struggle, adding to fears the country may not be the source of future growth that some companies had hoped. As...