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Economist criticizes Turkey’s financial management despite recent interest rate hike

Daron Acemoğlu, a prominent professor of economics at the Massachusetts Institute of Technology (MIT), on Sunday acknowledged that the Turkish Central Bank's recent interest...

Years of coal plant expansion torment Turkey’s villagers

Kneeling in the morning shade under a tree, Osman Arslan brews tea behind a coal-fired power plant that rises above his Turkish Aegean village...

China Eastern Airlines to launch direct flights to İstanbul: report

China Eastern Airlines is set to begin direct flights between Shanghai and İstanbul on Sept. 28, marking the first direct route operated by a...

BDDK imposes restrictions on second home mortgages

In a move aimed at curbing rising real estate prices, Turkey’s Banking Regulation and Supervision Agency (BDDK) has introduced new restrictions on mortgages for...

Putin, Erdoğan expected to meet soon, Kremlin says: report

Russian President Vladimir Putin is expected to soon have talks in person with Turkish President Tayyip Erdoğan, the Kremlin said on Friday, as Ankara...

Turkish court arrests 4 suspected ISIL members following police raids

A Turkish court has ordered the arrest of four people on suspicion of membership in the Islamic State in Iraq and the Levant (ISIL),...

Turkish FM says ‘no alternative’ to first Ukraine-Russia grain deal

Turkey sees "no alternative" to the original grain agreement Ukraine struck with Russia, Turkey's foreign minister said on Friday, dismissing an alternate route reportedly...

Poverty line stands at 38,273 Turkish lira, exceeds 3 minimum wages combined

Turkey's poverty line, which refers to the total amount a family of four needs to live without feeling deprived of food and other expenses...

Turkish businessman, wife suffer serious injuries in boat accident off Greek Island

Prominent Turkish businessman Ali Sabancı, chairman of Esas Holding, the parent company of Pegasus Airlines, and his wife, businesswoman Vuslat Dogan Sabancı, sustained serious...

Police officer dies from injuries sustained during drug operation in İstanbul

A police officer succumbed early Friday to injuries he sustained in a firefight during a drug operation in İstanbul that injured several people and...

Turkish lira surges after Erdoğan backs huge rate hike

Turkey's troubled lira surged Thursday after the central bank delivered a much larger than expected interest rate hike that broke free from President Recep...

Turkey sees surge in credit card, bank and prepaid card usage

Credit card usage in Turkey in July saw a significant surge in comparison to July 2022, with a 19 percent increase in the number...

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