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CHP leader to Erdoğan: Have you sold off the dollars you keep in shoeboxes?

Main opposition Republican People’s Party (CHP) Chairman Kemal Kılıçdaroğlu on Saturday asked President Recep Tayyip Erdoğan whether he has sold off his own dollars...

Turkey’s stock exchange moves to keep assets in local currency after Erdoğan’s call

Turkey’s stock exchange, Borsa İstanbul (BİST), on Friday moved to keep all its cash assets in accounts denominated in Turkish lira.   “In support of the...

Lira in freefall as Erdoğan urges Turks to sell off forex

An economic crisis will only slightly affect Turkey if fellow citizens convert their foreign currencies into Turkish lira or gold, President Recep Tayyip Erdoğan...

52 businessmen detained in Izmir-based coup probe

A total of 52 businessmen were taken into custody as part of an investigation into the Gülen movement, which the government accuses of masterminding...

Doğan Holding representative detained over Gülen links

Barbaros Muratoğlu, the Ankara representative of Doğan Holding, which owns CNNTürk and the Hürriyet daily, was detained on Thursday over alleged Gülen links as...

TÜSİAD calls on gov’t to end state of emergency

The Turkish Industrialists and Businessmen’s Association (TÜSİAD) on Thursday urged the Justice and Development Party (AKP) government to end a state of emergency (OHAL)...

Lira hits record low as MHP, AKP agree on constitutional amendment

The Turkish lira fell to another historic low against the US dollar, declining from around 3.43 to more than 3.50 lira to the dollar...

Gov’t appoints trustees to 57 companies in İzmir

The İzmir Governor's Office announced on Wednesday that trustees have been appointed to 57 companies in İzmir as part of an ongoing witch-hunt against...

German-owned subsidiary in Turkey victim of gov’t purge as local partner seized

ECE Türkiye, a subsidiary of the Hamburg-based ECE, owned by the Otto family, was forced to cancel a management contract for a Turkish shopping...

Turkey sees 31 percent fall in foreign tourist arrivals in 2016

A total of 22.7 million foreign tourists came to Turkey in the first 10 months of 2016, compared to 36.2 million visiting the country...

12 more private companies seized in small Turkish town of Turgutlu

The state-run Savings Deposit Insurance Fund (TMSF) seized 12 more companies in the small town of Turgutlu in western Manisa province on Monday, bringing...

Turkey’s economy minister: I want no more states of emergency

Turkish Economy Minister Nihat Zeybekçi said on Thursday that he does not want another extension of a state of emergency that was declared following...

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