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Turkish lira hits record low ahead of rate decision: report

The Turkish lira weakened more than 2 percent to a fresh record low against the dollar on Tuesday over market concerns that the central...

Saudi Arabia signs deal with Turkey to buy Baykar drones

A Turkish firm will provide drones to Saudi Arabia, Riyadh said Tuesday following a visit by Turkey's President Recep Tayyip Erdoğan that aims to attract...

Finance minister asks public agencies to adhere to cost-saving measures

Finance Minister Mehmet ÅžimÅŸek said in a circular sent to all public agencies that they should re-evaluate all expenditures, except for earthquake-related expenses, adding...

ErdoÄŸan increases tax on fuel products amid economic challenges in Turkey

Turkish President Recep Tayyip Erdoğan has introduced a significant hike in the Special Consumption Tax (SCT) on fuel products, leading to an increase of TL...

Kosovo buys Turkish Bayraktar drones: report

Kosovo has purchased a batch of Turkish-made Bayraktar drones, its leader said on Sunday, at a time when it faces unrest in the north,...

Canada unfreezes talks with Turkey on export controls after NATO move: report

Canada has unfrozen talks with Turkey on lifting export controls on drone parts after Ankara gave its nod for Sweden to join NATO, a...

Turkey’s unemployment rate falls to 9.5 percent in May: report

Turkey's unemployment rate edged down 0.5 percentage points month-on-month to 9.5 percent in May, Reuters reported on Monday, citing official data, while a seasonally...

Top Turkish officials to discuss ‘economic cooperation’ in Qatar ahead of ErdoÄŸan visit

Turkey's vice president and finance minister will travel to Qatar on Saturday to discuss "economic cooperation opportunities" with leaders there ahead of President Recep...

Turkey hikes VAT rates, consumer loan tax and other fees

Turkey has increased its value-added tax by 2 percentage points in two categories while also raising the tax collected from lending institutions on consumer...

Turkey in talks to sell Ä°zmir port operating rights to Gulf investors: report

Turkey is negotiating with Gulf Arab countries to sell the operating rights for Alsancak Port in the Aegean city of Ä°zmir, in what would...

Turkey’s ruling AKP proposes tax hikes, public servant salary increases amid economic challenges

Turkey's ruling Justice and Development Party (AKP) has proposed a comprehensive bill to parliament raising motor vehicle and corporate taxes in addition to increasing...

Turkey’s inflation rate slows to 38.2 percent

Turkey's annual inflation rate slowed to 38.2 percent in June, official data showed Wednesday, although economists warned that this may be a low point...

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