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Unemployment rate rises to 11-month high in Turkey

Turkey's unemployment rate rose to an eleven-month high of 11.1 percent in January from 10.8 percent in December, the Turkish Statistics Institute (TurkStat) has...
Business

One million people applied for unemployment benefits in 2015, minister says

As many as 1.086 million people in Turkey who lost their jobs applied to  Turkish Employment Organization (İŞKUR) in 2015 in order to receive...
Business

Turkey appoints Murat Çetinkaya as new Central Bank governor

Murat Çetinkaya has been appointed as the new governor of Turkey’s Central Bank, a government spokesperson announced on Monday. Justice and Development Party (AK Party)...
Business

Moody’s affirms Turkey’s Baa3 credit rating, maintains negative outlook

US-based credit rating agency Moody's announced on Friday that its keeps Turkey’s credit rating and maintains the negative outlook. In a December announcement, Moody's said...
Business

Zanjani allegedly admitted to having paid $8.5 billion as bribe in Turkey

Billionaire Babek Zanjani, an Iranian businessman currently sentenced to death by an Iranian court on corruption charges, allegedly admitted to paying $8.5 billion as...
Business

US attorney says Zarrab declined to seek bail, to be taken to New York

A US attorney who is involved in a case filed against Reza Zarrab, an Iranian businessman at the center of a corruption and bribery...
Business

Turkish exports rise by 2.6 percent in March

Turkish exports increased by 2.6 percent year-on-year in the month of March, according to data released by the Turkish Exporters Assembly (TİM) on Friday. The...
Business

Fed’s Yellen stresses ‘caution’ after decision to hold rates

Federal Reserve Chair Janet Yellen said on Tuesday the US central bank should proceed "cautiously" as it looks to raise interest rates, because inflation...
Business

Doğan Holding rules out claims over POAŞ, names them slanderous

Turkey's Doğan Holding has rejected allegations about its honorary chairman Aydın Doğan who has recently been indicted on charges of oil smuggling along in...
Business

Miami court rejects bail request of Iranian businessman Zarrab

A US court has denied the bail request put forward by Reza Zarrab, an Iranian businessman at the center of a corruption and bribery...
Business

Turkish court accepts indictment against media mogul Doğan, İşbank chairman

A Turkish court has accepted an indictment filed against Doğan Holding owner Aydın Doğan and İşbank Chairman Ersin Özince on charges of of involvement...
Business

Reza Zarrab arrested in US for scheme to evade Iran sanctions

A Turkish businessman has been arrested on US charges that he and others engaged in hundreds of millions of dollars of transactions for the...
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