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Turkey records higher-than-expected $2.48 bln current account surplus in September

Turkey’s current account recorded a higher-than-expected surplus of $2.48 billion in September, data from the central bank showed on Tuesday, with support from tourism revenues and...
Business

Turkish army pension fund quits British Steel purchase talks: report

Turkish military pension fund OYAK said on Monday that its subsidiary, Ataer Holding, had ended talks to buy British Steel after deciding the acquisition was not...
Business

Erdoğan to discuss Halkbank indictment during meeting with Trump: report

President Tayyip Erdoğan has said he will discuss the case of Turkish lender Halkbank with US President Donald Trump during talks in Washington next week, Reuters...
Business

80 fellow graduates of Erdoğan’s son in management at Turkey’s national carrier

Some 80 executives at Turkey’s national carrier, Turkish Airlines (THY), are graduates of the same high school as President Recep Tayyip Erdoğan’s son Bilal, the Sözcü...
Business

İstanbul Airport operator mandates London-based lender for refinancing: report

Turkey’s İstanbul Airport operator IGA mandated the London-based Dome Group for the refinancing of loans it took out for the investment, the company said in a...
Business

Turkey’s Halkbank seeking dismissal, recusal, in US sanctions evasion case

A lawyer for Turkey’s state-owned Halkbank, which has been criminally charged by US prosecutors with helping Iran evade sanctions, said in a letter on Monday that...
Business

Car sales in Turkey surge by 127.5 pct in October: report

Sales of passenger cars and light commercial vehicles in Turkey surged 127.5 percent year-on-year in October, the Automotive Distributors Association said on Monday, after a sharp...
Business

Turkey’s inflation rate eases to 8.55 pct in October

Turkey saw a drop to 8.55 percent in the inflation rate in October year-on-year, official figures showed on Monday, the state-run Anadolu news agency reported. Inflation rate...
Business

Volkswagen’s labor unions vow to block manufacturer’s investment in Turkey

Volkswagen’s powerful labor unions vowed to block the manufacturer’s plan to build a 1.3 billion euro ($1.4 billion) factory in Turkey until violence triggered by the...
Business

Number of foreign tourists visiting Turkey increases by 13 pct in September

The number of foreign tourists visiting Turkey surged by 13.23 percent to 5.43 million in September year-on-year, according to the Culture and Tourism Ministry, which added...
Business

Turkish minister expects 4 percent growth in economy in Q4

Treasury and Finance Minister Berat Albayrak on Thursday said the Turkish economy could see 4 percent growth in the fourth quarter of this year, while the...
Business

Turkish central bank chief says chances of more rate cuts are slim: report

Turkey’s central bank has used a significant part of its leeway for loosening monetary policy, Governor Murat Uysal said on Thursday, after the bank cut its...
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