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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...
Business

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...
Business

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...
Business

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...
Business

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...
Business

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...
Business

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...
Business

Turkish lira loses almost all gains after interest rate hike of 625 basis points

Five days after the Turkish Central Bank’s interest rate hike of 625 basis points, a record high during President Recep Tayyip Erdoğan’s terms in...
Business

Erdoğan says CHP shares in İşbank should be given to Treasury

Turkish President Recep Tayyip Erdoğan has targeted the main opposition Republican People’s Party (CHP) over its shares in Turkish lender İşbank, the Cumhuriyet daily...
Business

Turkey’s biggest business newspaper lays off 40 employees due to financial troubles

Turkey’s prestigious economy newspaper Dünya has let 40 staff members go over the last two days as a result of financial problems, the Gerçek...
Business

Erdoğan on interest rate hike: My patience has limits

Turkish President Recep Tayyip Erdoğan reacted angrily on Friday to a crucial interest rate hike announced by the country’s central bank, stating that his...
Business

Number of unemployed in Turkey rises to 2.7 million

The number of people in Turkey who were unemployed as of the end of August rose to 2,751,000 according to data from the Turkish...
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