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Erdoğan’s son-in-law Bayraktar joins world’s richest on Forbes billionaire list

Selçuk Bayraktar, chairman of Turkish defense contractor Baykar and the son-in-law of Turkish President Recep Tayyip Erdoğan, has made it on to Forbes list...
Business

Turkey’s inflation climbs to 68.5 percent in March: official data

Price growth in inflation-plagued Turkey gained pace in March, rising to 68.5 percent year-on-year, the Turkish Statistical Institute (TurkStat) said on Wednesday. The increase followed...
Business

Turkey’s hunger threshold reaches minimum wage

A labor union study put Turkey’s hunger threshold for March at TL 16,793 ($523), slightly below the minimum wage of TL 17,002, the Stockholm...
Business

Turkey’s finance minister vows to continue fighting inflation in first message after elections

Turkish Finance Minister Mehmet Şimşek reiterated the government's commitment to strengthening an economic program aimed at reducing the country’s high inflation to single digits...
Business

Erdoğan admits minimum wage, pension hikes fall short amid inflation surge

Turkish President Recep Tayyip Erdoğan has acknowledged that recent increases in the minimum wage and pension payments have failed to keep pace with the...
Business

Unemployment in Turkey was lowest in a decade in 2023: TurkStat

Turkey experienced its lowest unemployment rate in a decade in 2023, with figures dropping to 9.4 percent from 10.4 percent in 2022, according to...
Business

Turkey’s central bank raises interest rate to 50 percent

Turkey's central bank hiked its key interest rate on Thursday, resuming its tightening cycle as one of the world's highest inflation rates rose again...
Business

Turkey’s external debt up to 1-year maturity $174.9 bln at end of January: central bank

Turkey’s central bank said on Monday that the country’s external debt maturing in a year or less stood at $174.9 billion at the end...
Business

Turkey to keep interest rate unchanged this week, but hike imminent: Reuters poll

Turkey's central bank is expected to leave its key interest rate unchanged at 45 percent this week, holding steady for the second month in...
Business

Turkey moves against Meta over Threads-Instagram data sharing: report

Turkey's competition authority on Monday imposed an interim measure on Meta Platforms Inc meant to hinder data sharing between the Instagram and Threads platforms...
Business

Turkey closes Ferrero hazelnut monopoly investigation

Turkey is ending an investigation into Italian company Ferrero over accusations that it was monopolizing the country's hazelnut market, Agence France-Presse reported, citing a...
Business

UK, Turkey launch post-Brexit free trade talks: report

The United Kingdom and Turkey have launched negotiations on a new free trade agreement (FTA) with a view to including services as well as...
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