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Turkey closer to removal from FATF’s grey list with approval of legislation on crypto assets

The Turkish Parliament on Thursday approved a bill that increased oversight of the crypto market, a step that is expected to help in Turkey's...
Business

Turkey’s central bank holds key interest rate at 50 percent

Turkey's central bank on Thursday kept its key interest rate unchanged for the third month in a row, with annual inflation recorded at over...
Business

Turkish gov’t refuses to raise minimum wage in July despite soaring inflation

A minister from Turkey’s Justice and Development Party (AKP) government has ruled out the prospects of an interim increase in the monthly minimum wage...
Business

Turkish gov’t wants to unleash ‘tax tsunami’ for economic recovery

Details of a comprehensive tax reform package proposed by the Turkish government aimed at addressing the country's budget deficit and stabilizing the economy after...
Business

Turkish exporters circumvent trade ban with Israel via Greece: report

Trade between Turkey and Israel continues through third countries like Greece, despite Ankara's decision to halt direct trade with Tel Aviv over the Rafah...
Business

Turkey posts record budget surplus as fiscal policy shifts: report

Turkey recorded its largest monthly budget surplus on record as the government moves to repair public finances alongside monetary policies aimed at reducing inflation,...
Business

Turkey studies new taxes worth $7 billion that target corporates: report

Turkish lawmakers have drafted new tax proposals aimed mostly at companies, seeking to repair a budget buffeted by last year’s earthquakes, in what would...
Business

Turks struggle to afford Eid al-Adha sacrificial animals amid high inflation

Turkish families are struggling financially to perform the traditional Eid al-Adha sacrifice of animals since high inflation has made it increasingly difficult for local...
Business

Turks spent the most on housing in 2023: TurkStat

Households in Turkey spent the largest part of their budget, 23.9 percent, on housing in 2023, according to data from the Turkish Statistical Institute...
Business

Turkey’s unemployment rate drops to 8.5 percent in April: TurkStat

Turkey's unemployment rate fell 0.1 percentage points month-on-month to 8.5 percent in April, according to Turkish Statistical Institute (TurkStat) data. TurkStat released its “Labor Force...
Business

Turkey imposes 40 percent tariff on vehicle imports from China: report

Turkey will impose a 40 percent additional tariff on imports of vehicles from China to halt a possible deterioration of its current account balance...
Business

Despite skyrocketing inflation, finance minister sees Turkey on the way to stabilizing economy

Turkish Finance Minister Mehmet Şimşek gave an overview of his first year in office on Wednesday, expressing confidence in the government's economy strategy despite...
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