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Turkey fines Twitch 2 million lira for data breach

Turkey's Personal Data Protection Board (KVKK) has fined Amazon.com's gaming platform Twitch 2 million lira ($58,000) over a data breach, the state-run Anadolu news...
Business

Turkey’s shift to presidential system may be cause of economic downturn

Turkey’s 2018 shift to a presidential system, approved in a 2017 referendum, may be the primary driver of the country’s economic troubles, according to...
Business

Turkey’s central bank raises inflation forecast to 44 percent

Turkey's central bank on Friday raised its inflation forecast for this year and the next, as consumer price increases have slowed less than expected...
Business

Total reserves of Turkey’s central bank hit new record high

The total reserves of Turkey’s central bank rose to a record high of $159.6 billion as of November 1, marking an increase of $221...
Business

Turkey hopes for lower US tariffs under Trump, lira rallies: report

Turkey expects Donald Trump's White House will lower tariffs on its steel and textile exports, the trade minister said on Thursday, as the lira...
Business

Turkish inflation inches down to 48.6 percent in October: TurkStat

Turkey's annual inflation rate fell less than expected to 48.6 percent in October, data from the Turkish Statistical Institute (TurkStat) showed Monday, as officials...
Business

S&P upgrades Turkey’s credit rating to BB-

Standard and Poor's upgraded Turkey's long-term sovereign credit rating on Friday from B+ to BB-, with the agency noting economic progress thanks to the...
Business

Turkey’s overworked ATMs break down under ‘worthless’ lira banknotes: report

The depreciation of Turkey's lira has led to unexpected challenges, with ATMs across the country breaking down under the weight of increasingly depreciated banknotes,...
Business

Turkey to return state banks’ capitalization measure to former level: report

Turkey is reducing the limit on state banks' usage of special government bonds issued for capital increases to former levels, in the latest step...
Business

Pro-Erdoğan corporation continues steel exports to Israel via exclusive customs facility

A pro-government conglomerate in Turkey continues to export steel to Israel through a dedicated customs zone established within one of its factories, investigative journalist...
Business

Turkey’s central bank again keeps key interest rate steady at 50 percent

Turkey’s central bank on Thursday kept its key interest rate unchanged for the seventh month in a row, with annual inflation announced at around...
Business

Turkey retains position as Europe’s top coal-fired power system: report

Turkey has spent eight of the first nine months of 2024 as Europe's largest producer of coal-fired electricity, overtaking Germany and Poland as it...
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