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Turkey’s central bank tops list of corporate taxpayers in 2018: report

The Turkish Central Bank topped the list of leading corporate taxpayers in 2018 according to the Turkish presidency, with Rahmi Koç, the honorary chairman of Koç...
Business

Turkey’s Erdoğan pledges more interest rate cuts next year

President Recep Tayyip Erdoğan has pledged that the country’s interest rates would see a deeper cut in 2020, calling on businessmen around the world to invest...
Business

German police bust illegal money transfer scheme sending millions of euros to Turkey

German authorities carried out a raid on an organized international network allegedly engaged in illegally transferring millions of euros to Turkey in a series of early...
Business

1.2 million people in Turkey face property seizure for unpaid bank loans

More than 1.2 million people in Turkey have been the subject property seizure due to unpaid bank loans in the last 11 months, according to...
Business

Turkey’s SunExpress to buy 10 more Boeing 737 MAX aircraft: report

Turkey’s SunExpress announced on Monday it is buying an additional 10 Boeing 737 MAX 8 aircraft, on top of 32 already ordered, endorsing the US plane...
Business

Turkey’s housing sales drop 2.5 percent despite interest rate cuts

Turkish housing sales slipped 2.5 percent year on year in October to 142,810 units, the Turkish Statistical Institute (TurkStat) said on Monday, halting a two-month upswing...
Business

Controversial villa project in UNESCO-listed town to proceed: report

The construction and sale of controversial château-style villas in a Turkish UNESCO-listed town will resume after the reversal by a court of a bankruptcy decision against...
Business

İstanbul Mayor İmamoğlu in London to reassure investors: report

İstanbul Mayor Ekrem İmamoğlu, a political opponent of Turkish President Recep Tayyip Erdoğan, said on Thursday he was on a mission in London to...
Business

Turkey’s unemployment rate rises to 14 percent, youth joblessness at record high

Turkey's unemployment rate rose to 14.0 percent in the July-September period from 13.9 percent a month earlier, official data showed on Friday, with youth unemployment hitting a...
Business

Turkey’s industrial production increase indicates signs of recovery: report

Turkish industrial production expanded 3.4 percent year-on-year in September after contracting for 12 months, government data indicated on Thursday, as the economy shows signs of recovery...
Business

Minister Albayrak files lawsuits over news articles reporting his remarks

Turkey’s finance minister, Berat Albayrak, has filed lawsuits against some of the journalists and news outlets that reported on his remarks last week equating economists who make...
Business

Turkey’s largest state-owned bank records 39 percent profit drop in Q3: report

Ziraat Bank, Turkey’s largest state-owned lender, said net income in the third quarter dropped by 39 percent year-on-year, the Ahval news website reported on Wednesday. Profit declined...
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