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Turkey plunges from 66th to 75th place in TI’s Corruption Perceptions Index 2016

Global watchdog Transparency International (TI) released its Corruption Perceptions Index 2016 on Wednesday in which Turkey plunged to 75th from 66th place among 176...
Business

Turkey seizes all assets of businessman Akın İpek, mother Melek İpek

A Turkish court on Tuesday ordered the seizure of all assets of Turkish businessman Akın İpek and his mother, Melek İpek, over their alleged...
Business

The Guardian: UK sells arms to Turkey as Erdoğan continues crackdown

The London-based Guardian daily said in an article on Sunday that the British government has been turning a blind eye to human rights violations...
Business

Account of arrested Altan brothers’ sister frozen by bank

A bank account belonging to the sister of two jailed Turkish intellectuals, Mehmet Altan and Ahmet Altan, has been frozen, according to a tweet...
Business

Erdoğan threatens banks: Open up credit taps or you will face us

President Recep Tayyip Erdoğan on Tuesday called on Turkish banks to open up the “loan taps” to entrepreneurs or face the consequences. Speaking at his...
Business

Turkey’s unemployment rises to 11.8 percent, highest since March 2010

The unemployment rate in Turkey rose to 11.8 percent in October 2016, the highest figure since March 2010, according to data released by the...
Business

Trustees appointed to 2 more companies in Sakarya in post-coup crackdown

Trustees were appointed on Thursday to two companies in Sakarya province due to their alleged ties to the Gülen movement, which the government accuses...
Business

Prominent businessman Verdal Hosta detained over Gülen links

Turkish police have detained prominent Turkish businessman Verdal Hosta as part of an ongoing investigation into alleged followers of the Gülen movement, the Habertürk...
Business

CB cuts interbank borrowing limit to TL 11 bln to protect lira

As a measure to halt the recent loss in value of the Turkish lira, the Turkish Central Bank decreased the borrowing limit of banks...
Business

450 miners fired after mine collapse in Turkey’s Southeast

Four hundred fifty men working in a mine in Siirt’s Şirvan district where at least 16 miners died in a collapse on Nov. 17...
Business

[PHOTOS] Minister Işık tests national rifle at delivery ceremony

The Mechanical and Chemical Industry Corporation (MKEK) delivered Turkey's first domestically produced modular National Infantry Rifle (MPT-76) at a ceremony in Kırıkkale province on...
Business

Turkish lira hits rock bottom at 3.89 against dollar, 4.10 against euro

The depreciation of the Turkish lira has yet to slow down as the currency fell to fresh record lows against both the US dollar...
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