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220,000 homes for sale in İstanbul’s hot housing market

A total of 220,771 houses are currently up for sale in İstanbul, one of the world’s fastest growing property markets, with 347,702 already sold...
Business

Senators introduce sanctions bill demanding Turkey end ‘unjust detention of US citizens’

Six US senators introduced bipartisan legislation on Thursday to restrict loans from international financial institutions to Turkey "until the Turkish government ends the unjust...
Business

Central bank poll: Turkish lira will be valued at 4.83 to the dollar at yearend

According to an expectation poll conducted by the Turkish Central Bank, 66 finance experts, executives and professionals predict that the Turkish lira’s value against...
Business

Venezuela refining gold in Turkey after imposition of international sanctions

Venezuela’s central bank this year began refining gold in Turkey following a wave of international sanctions that have left it unwilling to carry out...
Business

Report: Spain’s BBVA tops list of foreign banks exposed to Turkey

Spain’s BBVA is the international lender most exposed to Turkey, deriving a third of its pre-tax profits from a country where the currency is...
Business

IMF lowers Turkey’s growth forecast to 4.2 percent

The International Monetary Fund (IMF) has cut Turkey’s growth forecast by 0.2 percent to 4.2 percent amid concerns about inflation and imbalances and as...
Business

News website blocked after story on elite crewmembers for THY executives

Airporthaber, a Turkish website publishing news on the aviation sector in Turkey, was blocked after it posted a story on Monday about the establishment...
Business

Turkey’s unemployment rate falls to 9.6 pct in April

Turkey’s unemployment rate fell to 9.6 percent in April, dropping 0.9 percentage points year-on-year, the Hürriyet Daily News reported on Monday, citing the Turkish...
Business

[UPDATE] Turkish financial watchdog revokes stock market abuse decision

Turkey's Capital Markets Board (SPK) on Sunday revoked a decision to partially suspend a directive related to insider share trading, which was announced in...
Business

Fitch downgrades Turkey’s already ‘junk’ rating

Ratings agency Fitch on Friday downgraded its already “junk” rating on Turkey’s sovereign debt, citing a widening current account deficit, a jump in inflation...
Business

Improper to speculate on central bank’s independence, says new finance minister

Turkey’s new Treasury and Finance Minister Berat Albayrak has underlined that it is improper to speculate on the central bank's independence and decision-making mechanisms,...
Business

Court gives lengthy prison sentences to Boydak Holding executives

A high criminal court in the Central Anatolian province of Kayseri has handed down prison sentences of up to 18 years to the executives...
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