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Turkey’s inflation exceeds 75 percent but peak in sight

Turkish inflation jumped above 75 percent in May, official data showed Monday, but officials expect consumer prices to have finally peaked in a cost-of-living...
Business

Final spurt before rate hikes bite? Turkey outpaces China in 1st quarter growth

Turkey’s economy experienced a rapid surge in growth in the first quarter of the year, outpacing China with one of the world’s fastest growth...
Business

Turkey’s hunger threshold keeps extending lead over minimum wage

Turkey’s hunger threshold for the month of May increased to TL 19,926 ($618), extending its lead over the minimum wage of TL 17,002 ($527),...
Business

BP-owned pipeline continues to supply crude to Israel through Turkey

Millions of barrels of Azerbaijani crude continue to fuel Israel’s war machine thanks to the Baku–Tbilisi–Ceyhan (BTC) pipeline, which runs through Turkey to the...
Business

Turkish central bank’s reserve buildup impacts lira stability: report

Turkey's central bank is shifting strategies to prevent the lira from appreciating too much, a move that involves injecting large amounts of liquidity into...
Business

Turkish lira favored by BofA strategists, with potential for 10 pct returns: report

The Turkish lira is the top pick among currencies in eastern Europe, the Middle East and Africa, according to Bank of America Corp. (BofA)...
Business

Turkish steelmaker Tosyalı plans $1.5-2 billion annual global expansion: report

Tosyalı Holding, a leading Turkish steelmaker, plans to invest $1.5-2.0 billion annually in a global expansion, including ventures in Africa and Saudi Arabia, as...
Business

Finance minister says Turkey’s inflation will fall to 30 percent by end of 2024

Turkish Finance Minister Mehmet Şimşek has said the country’s skyrocketing inflation, which stands around 70 percent, will fall to 30 percent by the end...
Business

Largest UAE bank in advanced talks to buy Turkey’s Yapı Kredi: report

The United Arab Emirates’ (UAE) First Abu Dhabi Bank (FAB) is in advanced talks to acquire Turkish conglomerate Koç Group's 61.2 percent stake in...
Business

Turkish Airlines to restart flights to Afghanistan

Turkish Airlines will resume flights to Kabul on May 21, its first since the US forces' chaotic withdrawal in 2021 when the Afghan capital's...
Business

Israel to abolish free trade deal with Turkey: report

Israeli Finance Minister Bezalel Smotrich on Thursday said Israel would abolish its free trade agreement with Turkey and also impose a 100 percent tariff...
Business

Turkey’s competition board fines Google over failure to comply with regulation: report

The Turkish competition authority said on Thursday that had it decided to fine Google over its failure to fulfill obligations regarding a part of...
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