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Turkey to work with American management consulting firm for economic recovery

Treasury and Finance Minister Berat Albayrak on Thursday said Turkey would work with American management consulting firm McKinsey & Company as part of the...

Minister Albayrak’s ‘thesis writer’ elected BIST board chairman

Professor Erişah Arıcan, who allegedly wrote the Ph.D. thesis of President Recep Tayyip Erdoğan’s son-in-law and Treasury and Finance Minister Berat Albayrak, was elected...

Turkish economic confidence suffers biggest slump in a decade

Confidence in Turkey’s economy fell by the most in a decade in September with a 15.4 percent tumble, official data showed on Thursday, reinforcing...

Moody’s downgrades foreign currency deposit ratings of 9 banks in Turkey to B2

Moody's Investors Service on Wednesday downgraded the long-term foreign currency deposit ratings of nine Turkish banks from B1 to B2. The banks affected by the...

Nasdaq no longer has stake in Turkey’s stock exchange

The Borsa İstanbul partnership structure shows that Nasdaq no longer owns a stake in the company, according to data on the stock exchange website...

Turkey ready to support its banks if needed, Albayrak says

Turkey is ready to provide required support to its banks should the need arise due to recent developments, Finance Minister Berat Albayrak was quoted...

Lira firms after US remarks on expected meeting over Brunson with Turkish officials

Turkey’s currency firmed more than 3 percent against the dollar on Monday, boosted after US Secretary of State Mike Pompeo said he expected discussions...

Turkey sharply cuts growth forecasts in new economic program

Turkey has sharply cut its growth forecasts for this year and next in its new economic program, unveiled by Treasury and Finance Minister Berat...

Turkey’s competition board fines Google $15 million

Turkey’s competition authority said on Thursday it had fined Google some 93 million Turkish lira ($15 million) for violating competition laws with its mobile...

President Erdoğan: There’s no economic crisis in Turkey, it’s all manipulation

President Recep Tayyip Erdoğan has said there is no economic crisis in Turkey, describing the situation as “mere manipulation,” saying Turkey is richer and...

Turkey cuts investment levels required for foreigners to acquire citizenship

Turkey has slashed the financial and investment criteria for foreigners to become Turkish citizens, a move expected to double annual property investment by foreigners...

Amazon launches its Turkey operation

Amazon.com, Inc., said on Wednesday it had launched activities in Turkey, offering products in 15 categories to customers across the country, Reuters reported. “We are...

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