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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...
Business

Baghdad hopes to resume Kurdish oil exports to Turkey within a week: minister

Iraq's oil minister said Monday that crude exports from the autonomous Kurdistan region to Turkey should resume within a week, ending two years of...
Business

Turkey revives US debt purchases after decade-long hiatus: report

Turkey started buying US Treasuries for the first time in almost a decade, according to a person familiar with the matter, marking the end...
Business

Turkey lifts Syria trade and transit restrictions in bid to boost trade: report

Turkey has lifted trade and transit restrictions on Syria at the countries’ border,progressing with plans to expand trade after the fall of Syrian leader...
Business

Koç Holding gets lion’s share of Norwegian Wealth Fund’s Turkish investments

Norway's sovereign wealth fund had invested $1.3 billion in Turkish markets as of end-2024, with Koç Holding receiving the largest share of $115.5 million,...
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