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Turkey confiscates another 28 companies over Gülen links

The government-run Savings Deposit Insurance Fund (TMSF) has taken over 28 more companies due to alleged links to the Gülen movement, which is accused...
Business

Turkish Presidency: Lira at record low not because of state of emergency, but seasonal fluctuation

Turkish Presidency spokesman İbrahim Kalın said a fall in the value of the Turkish lira, which slid to a record low after losing 0.65...
Business

Government seizes 2 companies in Antalya over links to Gülen

Trustees were appointed to two Antalya-based companies on Thursday due to their alleged ties to the Gülen movement, which the government accuses of masterminding...
Business

Turkish Lira hits record low against dollar on political concerns

The Turkish Lira hit a record low against the dollar on Thursday over fears of a political uncertainty that could be triggered by a...
Business

Prime suspect in Turkey’s worst mining accident puts blame on Gülen movement

In yet another example of scapegoating the Gülen movement for anything wrong in Turkey, the chairman of Soma Holding has reiterated earlier accusations, demanding...
Business

Controversial pro-Erdoğan businessman set to take over gov’t seized Koza-İpek Holding

Pro-government businessman Galip Öztürk's Metro Holding announced in a statement to the Public Disclosure Platform (KAP) on Wednesday that it is planning to buy...
Business

Boydak Holding subsidiary HES Kablo transferred to TMSF

HES Kablo, a subsidiary of leading business group Boydak Holding, has been transferred to the Savings Deposit Insurance Fund (TMSF) due to its alleged...
Business

Court appoints trustees to 3 companies including e-commerce website

A court in the Black Sea province of Samsun has appointed trustees to three companies including the popular online shopping company, tozlu.com, over their...
Business

İstanbul’s historic Grand Bazaar sees shops close as tourism slumps

At least 600 shops out of 3,600 have closed in İstanbul’s historic Grand Bazaar as tourism slumped significantly this summer after Turkey experienced a...
Business

Israeli energy minister to meet Turkish counterpart in İstanbul

Israeli Energy Minister Yuval Steinitz will meet with his Turkish counterpart, Berat Albayrak, in İstanbul next week at the World Congress on Energy, in...
Business

Turkish official says 252 companies seized over Gülen links

Government-run Savings Deposit Insurance Fund (TMSF) President Şakir Ercan Gül announced on Tuesday that the government has seized a total of 252 companies in...
Business

1,421 killed in work-related accidents in 9 months

A report released by the Workers Health and Occupational Safety Assembly, a workplace safety watchdog, has revealed that a total of 1,421 people were...
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