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Purge victims face discrimination by Turkish firm in controversial job posting

Discrimination in post-coup Turkey has reached a new level with companies discriminating against people who have lost their jobs in investigations targeting the government’s...
Business

Turkey’s unemployment rate rises to 11.3 percent in September

Turkey's unemployment rate increased by 1 percent in September over the same period of 2015,reaching 11.3 percent, data released by the Turkish Statistics Institute...
Business

Turkish economy contracts for first time in 7 years

Turkey’s gross domestic product (GDP) fell by 1.8 percent year-on-year in the third quarter, the first contraction since the same period of 2009. According to...
Business

Turkey’s new economic stimulus fails to soothe currency woes

The Turkish government on Thursday announced long-expected economic initiatives including the establishment of a $73 billion loan fund, but the stimulus plan has had...
Business

Erdoğan calls on people to sell more foreign currency

President Recep Tayyip Erdoğan on Friday called on citizens to sell more foreign currency in support of the national economy. "I thank my people who...
Business

Owner, execs of pharma company detained on accusation of ‘being inspired by putschists’

İrfan Koç, the owner of the Onko Koçsel pharmaceutical company, was detained on Thursday over coup charges along with two other executives. According to the...
Business

Owner of Turkey’s dairy giant detained over coup charges

  Seventeen people including Nevzat Serin, the owner of the Denizli-based Aynes Gıda, were detained as part of an investigation into the Gülen movement on...
Business

After price hike, gasoline to exceed TL 5 for first time in 2.5 years

With an increase in gasoline prices in Turkey that will be in effect as of midnight, the price of gasoline will exceed TL 5...
Business

PM Yıldırım to announce economic package on Thursday

Amid signs of a looming economic crisis, Turkish Prime Minister Binali Yıldırım said on Monday that the government would inform the public about a...
Business

Turkish university calls on students to convert their forex into lira

Following Turkish President Recep Tayyip Erdoğan's call to citizens to convert their foreign currencies into Turkish lira or gold, Hitit University in Çorum province...
Business

[VIDEO] Erdoğan: If you’re a patriot, convert your dollars into Turkish lira

Amid signals of a looming economic crisis, President Recep Tayyip Erdoğan on Sunday described Turks who convert their foreign currencies into Turkish lira as...
Business

Iran’s Supreme Court upholds death sentence for businessman Zanjani

The Iranian Supreme Court on Saturday upheld a death sentence on graft charges for Babak Zanjani, one of Iran’s wealthiest businessmen and an alleged...
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