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Turkey passes regulation to cut down on plastic bag usage

Turkey on Monday introduced a new regulation preventing shops from giving out free plastic bags with merchandise purchased. The draft bill was submitted to parliament...
Business

Turkish economic growth fades to 1.6 pct in Q3 amid currency crisis

Turkish economic growth dwindled to 1.6 percent year-on-year in the third quarter, data showed on Monday, falling short of forecasts as a currency crisis...
Business

Reuters poll expects 2.8 percent growth for Turkish economy at yearend

Turkey’s economic growth is expected to fall to 2.0 percent in the third quarter of the year and hit 2.8 percent for all of...
Business

Turkey will hold tender for Kanal İstanbul next year: Erdoğan

Turkey will hold a tender for the construction of a 45-kilometer shipping canal running parallel to the Bosporus, President Recep Tayyip Erdoğan said on...
Business

Turkey sticks with 5 pct target despite current inflation of more than 20 pct

Turkey’s central bank said on Wednesday it would stick with a 5 percent inflation target, a deeply ambitious goal after this year’s currency crisis...
Business

Wife of Boydak holding executive sentenced to prison over Gülen links

A high criminal court in the Central Anatolian province of Kayseri on Tuesday handed down a prison sentence to the wife of an executive...
Business

S&P: Turkish banks’ bad loans may double in next 12-18 months

Rating agency S&P Global expects the number of bad loans on the books of Turkish banks to double over the next 12 to 18...
Business

Tax cuts, discounts force Turkey’s inflation down in November

Turkey’s consumer price index fell 1.44 percent month-on-month in November, official data showed on Monday, bringing the annual inflation rate down from a 15-year...
Business

Central bank governor expects Turkish inflation to gradually approach target

Turkey’s inflation is expected gradually to get nearer to the central bank’s targets, Central Bank Governor Murat Çetinkaya said on Friday, after consumer prices...
Business

Turkey attracts more than 35 million tourists in first 10 months of 2018

More than 35 million tourists visited Turkey in the first 10 months of 2018, a 22.4 percent increase over the previous year, the Culture...
Business

Pro-government businessman fled Turkey after conviction for murder: report

The owner of Metro Tourism, controversial businessman Galip Öztürk, fled Turkey on the day his conviction for ordering a murder was upheld by the...
Business

Turkish CEOs say they are pessimistic about future due to economic uncertainty

Chief executive officers of leading holdings in Turkey have expressed pessimism about the future of their companies due to uncertainty over the Turkish economy,...
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