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Ankara sees no recession, negative growth ahead: finance minister

Turkey’s economic growth has softened but government moves to cut taxes and accelerate the transfer of billions of lira to the Treasury mean Ankara...
Business

Capital outflow from Turkey increases by one-third in 2018: report

As the Turkish government puts in place a series of policies and incentives aimed at boosting foreign direct investment (FDI), considered a way out...
Business

IMF slightly cuts growth forecast for Turkish economy: report

The International Monetary Fund (IMF) slightly cut economic growth expectations for Turkey in the next two years in a newly released report, the T24...
Business

ErdoÄŸan calls on companies to lower prices to help consumers in difficult times

Turkish President Recep Tayyip ErdoÄŸan on Monday called on companies to lower their prices and cut profits if necessary to help consumers through a...
Business

Turkish central bank begins disbursing $6.3 billion profit to shareholders

Turkey’s central bank said on Friday it had begun disbursing dividends worth 33.7 billion Turkish lira ($6.30 billion) to shareholders after moving forward its...
Business

Turkey-Qatar trade hits $2 billion in 2018 as Gulf rift drags on: report

Trade between Qatar and Turkey is expected to have hit $2 billion in 2018, a Turkish official said, up 54 percent from the previous...
Business

Turkey accused of stealing Syrian olives, selling oil as its own

The government of Turkey has been accused of stealing olives from neighboring Syria, pressing them into oil and selling that oil to European Union...
Business

Turkish Central Bank keeps interest rates unchanged

Turkey’s central bank on Wednesday ruled to keep its one-week repo rate -- also known as the policy rate -- constant at 24 percent,...
Business

October unemployment rate is Turkey’s highest in 19 months

The unemployment rate in Turkey increased to a 19-month high of 11.6 percent in October, the Turkish Statistics Institute (TurkStat) said on Tuesday. “The unemployment...
Business

Turkey suspends customs tariffs on onion exports until Feb. 28 as crisis looms

Turkey has suspended customs tariffs on onion exports until Feb. 28 as the country has been experiencing high inflation, particularly in the price of...
Business

Economy is country’s biggest problem according to 35 percent of Turks: survey

A full 35.5 percent of the Turkish public thinks that Turkey’s recent economic deterioration is the most urgent problem facing the country, according to...
Business

Turkish automotive market contracts 35 percent in 2018

Turkey’s automotive market contracted by 35 percent in 2018 over the previous year, according to data released by the Automotive Industry Association (OSD), which...
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