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Turkey’s central bank sells record amount of FX after lira plunges: report

Turkey's central bank sold a record amount of foreign currency on Wednesday after the lira dropped more than 12 percent following the detention of...
Business

Turkish lira hits historic low against dollar as İstanbul mayor detained

The Turkish lira plunged to an all-time low against the dollar on Wednesday, after police raided the home of İstanbul's powerful opposition mayor, Ekrem...
Business

Tesla leads Turkey’s EV market while experiencing European slump

Tesla topped Turkey's electric vehicle (EV) market in February with the sale of more than 3,000 units, according to the Automotive Distributors Association (ODMD),...
Business

Turkey seeks to extend US sanctions waiver to buy Russian gas: report

Turkey is seeking to extend a US waiver from sanctions that would allow it to continue buying Russian natural gas, Turkish officials with knowledge...
Business

Turkey’s Zorlu Holding is selling its stake in Israeli power plant

Zorlu Enerji, a subsidiary of Turkish conglomerate Zorlu Holding, is selling its entire 25 percent stake in Israel's Dorad Energy with an aim to...
Business

Turkey’s central bank cuts key interest rate to 42.5 percent as inflation eases

Turkey's central bank on Thursday lowered its key interest rate for a third consecutive time as inflation has fallen below 40 percent for the...
Business

Turkmenistan’s natural gas is flowing to Turkey: energy minister

Turkey has begun to receive natural gas from Turkmenistan via Iran under a swap agreement, Energy Minister Alparslan Bayraktar told the Anadolu news agency...
Business

Turkey’s annual inflation falls below 40 percent

Turkey's annual inflation rate slowed for a ninth consecutive month in February, falling below 40 percent for the first time since June 2023, Agence...
Business

Turkey’s economy grows 3.2 percent in 2024, exceeding forecast: report

Turkey's economy grew 3.0 percent year-on-year in the fourth quarter of 2024, bringing full-year growth to 3.2 percent, exceeding forecasts despite the weight of...
Business

German energy giant Steag to exit Turkey, joins wave of German corporate departures

German energy company Steag plans to sell its 51 percent stake in İskenderun Energy, signaling its exit from Turkey amid a broader trend of...
Business

Turkey exporting 15,000 tons of eggs to US amid bird flu shortages: report

Turkey has started shipping 15,000 tons of eggs to the United States as the country deals with supply disruptions caused by a bird flu...
Business

Turkey, Asian bank sign $5 billion deal for public sector projects

Turkey's Finance Ministry announced on Monday that it had signed a memorandum of understanding with the Asian Infrastructure Investment Bank (AIIB) for $5 billion...
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