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Turkey’s currency survives ‘flash crash’ overnight amid US-China trade war

The Turkish lira weakened more than 1 percent against the dollar on Monday, Reuters reported, after briefly tumbling to 6.47 overnight in what market watchers described...
Business

Turkey’s housing sales fall 17.5 percent year-on-year in July: report

Turkish house sales fell 17.5 percent year-on-year in July, the seventh consecutive month of declines, according to official data released on Tuesday, with an economic slowdown...
Business

37 percent of unemployed in Turkey aged between 15 and 24

The Turkish Employment Agency’s (İŞKUR) unemployment data for the month of July showed that 37 percent of the 4 million registered unemployed in Turkey are between...
Business

Turkey to reward banks that lend more with looser reserve ratios: report

The Turkish Central Bank unveiled regulatory changes that determine the amount of cash lenders have to put aside as reserves depending on how much credit they...
Business

Erdoğan orders acceleration of nuclear power plant project

Turkish President Recep Tayyip Erdoğan has ordered in a presidential decree that an ongoing nuclear power plant project must be concluded rapidly, according to the Hürriyet...
Business

Turkish bank halts services to Venezuela in wake of US sanctions: report

Ziraat Bank, Turkey’s largest bank by assets, has stopped offering services to Venezuela’s central bank in the wake of tougher US sanctions that raise the stakes...
Business

Turkey’s central bank injected nearly $4 billion to gov’t budget in July

Turkey’s central bank transferred around 22 billion lira ($3.94 billion) to the Treasury last month, the biggest deposit since an annual dividend payment in January, according...
Business

Turkey’s industrial production falls for 10th consecutive month: report

Turkish industrial production fell for the 10th consecutive month in June, data released on Friday showed, offering few signs of a pick-up in economic growth as...
Business

Turkey’s military pension fund reaches provisional agreement to buy British Steel

Turkey’s military pension fund OYAK has reached a provisional agreement to take over British Steel, it said on Friday, adding it planned to close the deal...
Business

Turkey’s army pension fund preferred bidder for British Steel: report

The Official Receiver is to announce this week that an investment arm of Turkey's armed forces pension fund is the preferred bidder for British Steel, BBC...
Business

Turkish lira gains value, outperforming other EM currencies: report

Turkey’s lira firmed on Thursday, outperforming some other emerging market currencies, while the main stock index declined more than 2 percent after a three-day market holiday,...
Business

Turkey’s seasonally adjusted unemployment rate highest on record in April-June period

Turkey's seasonally adjusted unemployment rate climbed to its highest level on record, statistical data showed on Thursday, despite a slight fall in the April-June headline figures,...
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