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Turkey sees 31 percent fall in foreign tourist arrivals in 2016

A total of 22.7 million foreign tourists came to Turkey in the first 10 months of 2016, compared to 36.2 million visiting the country...
Business

12 more private companies seized in small Turkish town of Turgutlu

The state-run Savings Deposit Insurance Fund (TMSF) seized 12 more companies in the small town of Turgutlu in western Manisa province on Monday, bringing...
Business

Turkey’s economy minister: I want no more states of emergency

Turkish Economy Minister Nihat Zeybekçi said on Thursday that he does not want another extension of a state of emergency that was declared following...
Business

Lira hits new record low as EP votes to freeze Turkey talks

  The Turkish lira fell to another historic low against the US dollar, declining from around 3.36 to 3.4533 after European parliamentarians overwhelmingly voted to...
Business

Erdoğan complains about high interest rates on eve of central bank meeting

Turkish President Recep Tayyip Erdoğan said on Wednesday that Turkey's real interest rate is among the highest in the world and that it needs...
Business

CHP’s Böke: Turkey on brink of economic crisis deeper than 1994, 2001

Republican People's Party (CHP) Deputy Chairman and spokesperson Selin Sayek Böke warned on Monday that Turkey's economy is on the brink of a real...
Business

Turkish minister calls on people to sell their foreign currency

Turkish Minister of Development Lütfi Elvan called on people on Sunday not to invest in foreign currency but to sell it off as the...
Business

Turkish lira hits fresh low against US dollar

The Turkish lira reach a record low against the US dollar on Friday, at 3.40 lira to the dollar, a continuation of steep acceleration...
Business

Turkey seizes administration of 5 more companies over links to coup

Trustees were appointed on Monday to five companies in Kocaeli province due to alleged ties to the Gülen movement, which the government accuses of...
Business

Turkey on way to creating Russian-like business oligarchy, economist says

“We are seeing a terrible plunder like the one that created the Russian oligarchs,” Seyfettin Gürsel, a columnist and a professor of economics, has...
Business

Turkey’s food giant denies being targeted in gov’t post-coup crackdown

Turkey’s largest food producer, Yıldız Holding, denied media reports that the group was caught up in the government’s widening post-coup crackdown against the Gülen...
Business

Turkish Deputy PM says gov’t confiscated 527 companies since coup attempt

A total of 527 companies have been transferred to the state-run Savings Deposit Insurance Fund (TMSF) since a July 15 coup attempt in Turkey,...
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