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Turkey starts importing Russian anchovies despite being major global exporter

Turkey, one of the world’s top producers and exporters of anchovies, has for the first time begun importing the fish from Russia, according to...
Business

Turkey’s central government debt stock hits $268 billion: report

Turkey’s central government debt stock reached 10.27 trillion Turkish lira (roughly $268 billion) at the end of March, up from 9.26 trillion lira ($242...
Business

Turkey’s surprise rate hike draws mixed reactions as economists warn of deeper instability

Turkey’s central bank surprised markets on Thursday by raising its benchmark interest rate to 46 percent, a move that drew mixed reactions from economists...
Business

Turkey’s central bank raises benchmark interest rate to 46 percent

Turkey's central bank hiked its key interest rate to 46 percent on Thursday after a month of protests over the arrest of İstanbul's opposition...
Business

Turkey’s central bank posts another massive loss in 2024 around $18 billion

Turkey’s central bank reported a loss of 700.4 billion Turkish lira ($18.4 billion) for 2024, according to its balance sheet published in the Official...
Business

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...
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