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Turkish motor vehicle production declined by 3 percent year-on-year

Turkey’s motor vehicle production fell by 3 percent in the first five months of 2025 compared to the same period last year, driven by...
Business

Turkey raises strait transit fees for vessels without port calls by 15 percent

Turkey will raise the fees charged to foreign ships transiting the Turkish Straits without making a port call by 15 percent starting July 1,...
Business

Turkey, China renew $4.8 billion currency swap deal, set up yuan clearing system

Turkey and China have renewed a longstanding currency swap deal worth nearly $5 billion and agreed to establish a yuan clearing system in Turkey,...
Business

Russia’s Gazprom drops plan to reroute gas to Europe via Turkey: report

Russia’s state-owned energy giant Gazprom has quietly dropped plans to develop a new gas hub in Turkey, effectively closing off a route that had...
Business

Turkish aviation targeted in India amid boycott over Ankara’s support for Pakistan

India’s civil aviation regulator has approved only a three-month extension for an aircraft leasing agreement between Turkish Airlines (THY) and India’s largest airline, IndiGo,...
Business

Turkish inflation hits lowest level since November 2021

Turkish inflation eased further in May to 35.4 percent, reaching its lowest level since November 2021, official figures showed Tuesday, paving the way for...
Business

Turkey’s Q1 growth lags behind forecasts at 2 percent: report

Turkey's economy grew 2 percent in the first quarter of the year, official data showed on Friday, falling short of expectations amid a tight...
Business

Syria signs $7 billion energy deal with Qatari, Turkish, US companies

Syria signed a $7 billion energy deal on Thursday with a consortium of Qatari, Turkish and US companies as it seeks to revive its...
Business

Turkey’s textile industry struggles amid rising costs, global competition

Turkey’s textile and apparel industry, long a pillar of the country’s export economy and the world’s fourth-largest textile exporter, is facing one of its...
Business

Turkey to increase energy exports to Syria, minister says

Turkish Energy Minister Alparslan Bayraktar said Thursday in Damascus that his country would ramp up energy exports to Syria to help boost electricity supplies...
Business

Turkey’s central bank keeps year-end inflation forecast at 24 percent

Turkey’s central bank on Thursday kept its year-end inflation forecast unchanged at 24 percent in its second inflation report of 2025, signaling that price...
Business

US company estimates 6.1 billion barrel shale oil reserve in Turkey: minister

US oil producer Continental Resources has estimated that a shale oil reserve in southeastern Turkey’s Diyarbakır Basin may hold as much as 6.1 billion...
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