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Continuing conflict in Ukraine prompts Turkish ports to expand amid cargo delays

Turkish ports are facing increasing wait times for cargo ships due to the ongoing conflict in Ukraine, leading local companies in the industrial hub...

Turkey’s foreign trade deficit surged 15.7 percent in July

Turkey’s foreign trade deficit rose 15.7 percent year on year to $12.4 billion in July, with imports climbing 11.1 percent, the Trade Ministry announced...

Turkey curbs credit card use for foreign travel, in blow to sector: report

Turkey's banking watchdog has stopped allowing credit card payments in installments for foreign travel, such as flights, travel agency fees and accommodation, in a...

Turkish manufacturing contracts slightly in July: report

Turkish factory activity dipped slightly in July after growing for six straight months as expansion in new orders and output came to an end...

ErdoÄŸan appoints 3 new deputy central bank governors: report

Turkish President Recep Tayyip ErdoÄŸan made some of the biggest moves in revamping his economic team by installing three new central bankers that include...

Turkey’s central bank raises its year-end inflation forecast to 58 percent

Turkey's central bank more than doubled its year-end inflation forecast to 58 percent on Thursday as its new Wall Street-trained governor vowed to keep...

Turkey tops OECD list in concerns over affording essentials

A recent OECD report has placed Turkey at the top of the global list in terms of concerns surrounding the capacity to afford all...

Switzerland’s gold exports to Turkey rose by 39 pct after May elections

Switzerland's gold exports to Turkey increased by 39 percent in June, compared to the previous month, reaching 13.13 tons of the precious metal, local...

UK announces $866m for new high-speed electric railway in southern Turkey

UK Export Finance (UKEF), the UK government’s export credit agency, has underwritten $866 million of financing – equivalent to £680 million – to support...

Turkey hikes interest rates but disappoints markets

Turkey's central bank hiked its main interest rate for the second month in a row on Thursday but analysts said the unwinding of President...

ErdoÄŸan signs $50 billion in deals during UAE visit: report

The United Arab Emirates and Turkey on Wednesday signed several deals estimated to be worth $50.7 billion during a visit by President Recep Tayyip...

UK to launch trade negotiations with Turkey to ‘deepen relationship’: report

The UK is set to pursue a new trade deal with Turkey in an effort to deepen relations with the country, British online newspaper...

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