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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...
Business

Ministry to be able to hold tenders outside Public Procurement Law

Turkey's Ministry of Transport, Maritime and Communications will be able to hold some tenders without the need to abide by the Public Procurement Law,...
Business

Turkey’s annualized inflation at 7.28 percent in September

Official figures from the Turkish Statistics Institute (TurkStat) show that the annualized rate of inflation in Turkey dropped to 7.28 percent in September from...
Business

Turkish gov’t seizes furniture chain Alfemo over alleged Gülen links

A panel of trustees on Saturday was appointed to furniture chain Alfemo due to alleged ties to the Gülen movement, which the government accuses...
Business

Another Turkish baklava maker detained on coup charges

Serdar Seyidoğlu, the general manager of the Seyidoğlu Baklava chain, was detained over his alleged links to the Gülen movement, which the government accuses...
Business

Businessman files complaint against Moody’s for downgrading Turkey’s rating

Abdulmutalip Çiçek, a businessman from Turkey’s southern province of Gaziantep, on Friday filed a complaint against international credit rating firm Moody’s after the firm...
Business

Turkey confiscates more than 200 companies in operations targeting Gülen

The government-run Savings Deposit Insurance Fund (TMSF) has in the recent past taken over more than 200 companies as part of investigations into the...
Business

Erdoğan says Moody’s can easily be bribed

President Recep Tayyip Erdoğan continued to criticize a recent decision by US-based credit rating agency Moody’s to cut Turkey’s sovereign credit rating to non-investment...
Business

Turkish tourism figures down by 38 percent in August

Number of foreigners who visited Turkey in August dropped by 37.96 percent in August compared to the numbers in the same month of last...
Business

Turkish gov’t seizes administration of 22 companies on coup charges

Trustees were on Tuesday appointed to 22 companies due to alleged ties to the Gülen movement, which the government accuses of masterminding a botched...
Business

Gov’t seals private airline’s hangars at İstanbul, Adana airports

The Turkish authorities sealed the hangars and aircraft of Tarkim Air at İstanbul Atatürk Airport and Adana Airport over the owner’s alleged ties to...
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