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Shock at the pumps: Gas hikes in Turkey no longer announced in advance

Turkey’s Petroleum Products Employers Union (PÜİS), which is responsible for announcing changes in gasoline prices, took a board decision on Thursday to stop announcing...
Business

University servers, computers used for cryptocurrency mining

Cryptocurrency mining is allegedly being conducted on the main servers of a university campus in Sakarya province, according to a report by the Habertürk...
Business

Turkish Central Bank’s steps to shore up lira have limited effect

The Turkish Central Bank’s decision on Monday to shore up the lira had a limited effect, resulting only in a rebound to 4.24 from...
Business

Number of Turkish millionaires increases in first quarter

The number of Turkish millionaires totaled 145,989 with the addition of 7,009 more people in the first quarter of 2018. The total deposits of millionaires...
Business

Businessman fleeing persecution in Turkey dies in Sarajevo public park

Recep Güneş, a Turkish businessman who sought asylum in Bosnia after fleeing the Turkish government’s post-coup purge, died on Monday at a public park in the...
Business

Erdoğan threatens businessmen: Don’t take your money overseas

Amid claims that Turkey is facing an economic crisis, Turkish President Recep Tayyip Erdoğan on Saturday said they will not forgive those businessmen who...
Business

Erdoğan calls lira woes an attack on economy by Turkey’s enemies

The Turkish lira sank to record lows on Wednesday, battered by investor concern about monetary policy and inflation, a selloff that President Recep Tayyip...
Business

Report: Israel buying Kurdish oil shipped via Turkey in ‘disappearing’ tankers

Israel is secretly buying oil from Kurdish-controlled northern Iraq through the Turkish port of Ceyhan, the Israeli daily Haaretz reported, citing an article by...
Business

Jewelry store chain, Istanbul company seized over alleged Gülen links

Two more companies have been seized as part of an investigation into the faith-based Gülen movement, which the Turkish government accuses of masterminding a...
Business

Mayor of Istanbul plans new metro lines for areas loyal to Erdoğan’s party

Istanbul Mayor Mevlüt Uysal has said the city plans to focus on constructing new metro lines, with priority given to districts that voted for...
Business

BDDK chairman says Turkey planning to establish national credit rating agency

The head of Turkey’s Banking Regulation and Supervision Agency (BDDK), Mehmet Ali Akben, has said Turkey is in need of a national credit rating...
Business

Key gov’t agencies to be subordinated to Erdoğan

Turkey’s Radio and Television Supreme Council (RTÜK), Savings Deposit Insurance Fund (TMSF), Banking Regulation and Supervision Agency (BDDK) and Capital Markets Board (SPK) will...
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