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Dutch leasing giant sees 48 pct decline in net profits in Turkey due to currency crisis

The sharp depreciation of the Turkish lira forced LeasePlan, a full service leasing giant based in Netherlands, to take a €73 million hit, causing...
Business

Turkey to become international energy hub with TurkStream: Putin

Turkey is becoming an important international energy hub as the TurkStream pipeline project becomes a reality, Russian President Vladimir Putin said in Ä°stanbul on...
Business

Dutch bank sees no sharp sell-off in Turkish lira in near future

Dutch Bank ABN Amro has said there will be no sharp sell-off in the Turkish lira in the near future, according to the bank’s...
Business

Turkey allows forex real estate contracts for foreigners

Turkey has allowed foreign citizens resident in the country to make real estate contracts in foreign currencies under a revision of regulations designed to...
Business

Moody’s says Turkey’s economy likely entered recession

Global credit agency Moody’s has said Turkey's economy began decelerating rapidly in the third quarter, in the wake of a currency crisis, causing a...
Business

Central bank: Turkish lira will be valued at 5.64 to the US dollar at yearend

Turkey’s central bank released an expectation poll for the month of November that it conducted on 70 finance experts, executives and professionals in which...
Business

Turkey’s national wealth diminished by $190 billion last year: report

Turkey’s national wealth diminished by $190 billion last year due to a currency crisis, Credit Suisse, a Swiss investment banking company, said its ninth...
Business

Turkey’s unemployment rate hits highest since early 2017 at 11.1 pct

Turkey’s unemployment rate rose to 11.1 percent in the July-September period, official data showed on Thursday, hitting its highest level since early last year...
Business

US official says Halkbank investigation still underway: report

An unnamed US official who met with a group of Turkish journalists said that an investigation into Turkey’s state-owned Halkbank conducted by the Office...
Business

Syrian startups launched by refugees on the rise in Turkey

The number of Syrian enterprises in Turkey is continuing to rise, fueling local economies, according to a newly released report, the Hürriyet Daily News...
Business

Moody’s warns of sharp contraction in Turkey’s economy

Declines in the Turkish lira, one of this year’s worst performers globally, will translate into sharp economic contraction as growth decelerates across advanced and...
Business

Turkish finance minister optimistic over Iran sanctions-busting case

Turkey has positive expectations regarding an Iran sanctions-busting case in the United States related to Turkish state-owned lender Halkbank, Finance Minister Berat Albayrak said...
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