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Erdoğan, finance minister see opportunity in US tariffs, do not expect disruptions

Turkish President Recep Tayyip Erdoğan and Finance Minister Mehmet Şimşek have adopted an optimistic stance in the face of new US tariffs, saying the...
Business

Turkey views Trump’s 10 pct tariff as ‘lesser evil’ amid global hikes: trade minister

Turkey is seeking to turn a 10 percent US import tariff imposed by President Donald Trump into a diplomatic and economic opportunity as higher...
Business

Turkey braces for fallout from Trump’s global tariff campaign

Turkey is preparing for the effects of a new 10 percent import tariff imposed by the United States, a measure announced by President Donald...
Business

Turkey’s annual inflation falls to 38.1 percent

Turkey's annual inflation rate slowed for a 10th straight month in March, falling to 38.1 percent, the lowest since December 2021, official data showed...
Business

Murat Ülker remains Turkey’s top billionaire as Forbes announces 2025 rankings

Murat Ülker has retained his title as Turkey’s richest person for the ninth time, with a net worth of $5.5 billion, according to Forbes’...
Business

China’s Chery to invest $1 billion in EV plant in northern Turkey: report

Chinese carmaker Chery Automobile Co. will invest $1 billion in an electric vehicle manufacturing facility in Turkey’s northern Samsun province, Reuters reported on Wednesday,...
Business

Turkey’s opposition targets pro-gov’t businesses with boycott

Turkey's main opposition leader on Monday called for a nationwide boycott of businesses and media outlets linked to the ruling party to protest the...
Business

Turkey’s Şimşek, central bank governor to hold call with int’l investors: report

Turkish Finance Minister Mehmet Şimşek and Central Bank Governor Fatih Karahan will hold a teleconference call with international investors on Tuesday, the Treasury said,...
Business

Turkey’s fragile economy braces for fallout from İstanbul mayor’s arrest

The arrest of İstanbul Mayor Ekrem İmamoğlu, President Recep Tayyip Erdoğan’s top political rival, has rattled markets and raised fears that political turmoil could...
Business

United States importing eggs from Korea, Turkey to help ease prices

The United States is importing Turkish and South Korean eggs to ease an avian flu-fueled supply crunch that has pushed up prices across the...
Business

Turkey granted US sanctions waiver extension for Russian gas payments: report

Turkey received a three-month extension from the US for a sanctions waiver allowing payments to Russia’s Gazprombank for natural gas imports, a Turkish official...
Business

Turkey raises overnight lending rate to boost lira after currency drop: report

Turkey’s central bank unexpectedly raised its overnight lending rate by two percentage points on Thursday to bolster the lira after the currency sharply declined...
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