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Turkish economic confidence index improves by 4.5 percent in October

Turkey’s economic confidence index saw a 4.5 percent increase in October, reaching 89.8 percent, according to the Turkish Statistical Institute (TurkStat), the Diken news website reported on...
Business

European partner of Turkey’s stock exchange to leave upon appointment of convicted banker

The European Bank for Reconstruction and Development (EBRD) will sell its 10 percent stake in the İstanbul exchange after a former Halkbank executive who was jailed...
Business

İstanbul’s new airport attracts 40 million passengers in first year: minister

Turkey’s İstanbul Airport has welcomed over 40 million air passengers since its opening last year, the transport and infrastructure minister said on Monday, according to the...
Business

Russia returns 370 tons of tangerines from Turkey due to pests: report

Russia has returned some 370 tons of tangerines sent from Turkey in 16 shipments, citing the detection of agricultural pests in the fruit, Gazete Duvar’s English...
Business

Turkey to introduce new taxation for digital service providers like Google, Facebook

A new omnibus bill on tax regulation calls for the introduction of a 7.5 percent tax on digital service providers such as Google, Facebook and Twitter,...
Business

Turkish Central Bank sharply cuts interest rates

Turkey’s central bank has cut its benchmark interest rate by 2.5 percentage points, deeper than economists had expected, citing an improving inflation outlook, the Financial Times reported....
Business

Erdoğan orders name change of prominent family company seized by gov’t

Turkish President Recep Tayyip Erdoğan has demanded a change in name for the Kayseri-based Boydak Holding, which was seized by the government due to alleged links...
Business

Convicted banker’s appointment at Turkish bourse opposed by European partner: report

The European Bank for Reconstruction and Development (EBRD) is against Turkey’s appointment of a convicted banker as head of the stock exchange, saying it now has the...
Business

Volkswagen not looking at alternatives to Turkey for car plant, says official

Volkswagen is not scouting for alternative locations as it evaluates plans to build a new car factory in Turkey, Andreas Tostmann, VW’s production chief, told journalists...
Business

Banker convicted in US becomes general manager of Turkish stock exchange

Turkey’s finance minister has announced that a Turkish banker convicted in the United States of helping Iran evade economic sanctions has been appointed head...
Business

Turkey’s tax revenue 20 percent lower than expectations in first 3 quarters

The Turkish government’s fiscal performance fell 20 percent below what was anticipated in the 2019 yearly budget in the first three quarters, Deutsche Welle Turkish service reported...
Business

In deliberate snub, top Turkish officials to skip annual IMF meetings

Turkish Treasury and Finance Minister Berat Albayrak and the country’s central bank governor will not attend the annual meetings of the International Monetary Fund (IMF) and...
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