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Turkish gov’t seeks to introduce new tax to fund defense industry

The Turkish government is planning to impose a new tax on credit cards that is designed to fund the defense industry, Agence France-Presse reported. As...
Business

Israeli shipping giant ZIM continues operations in Turkey despite ban

Vessels belonging to Israeli shipping firm ZIM remain active in Turkish waters despite a trade ban Turkey imposed on Israel in May due to...
Business

IMF says Turkey should continue tight monetary policy until inflation at target: report

The International Monetary Fund called for continued tight, data-driven monetary policy in Turkey until inflation converges to target as it concluded an Article IV...
Business

German companies allegedly circumvent Russia sanctions via Turkey: report

Despite international sanctions on Russia due to its ongoing war on Ukraine, German engineering companies continue to export industrial goods to Russia mostly via...
Business

Turkey’s unemployment rate fell to 8.5 percent in August: TurkStat

Turkey's unemployment rate declined 0.3 percentage points to 8.5 percent in August compared to the previous month, the state-run Anadolu news agency reported, citing...
Business

China files complaint against Turkey at WTO over electric vehicle tariffs: report

China has taken the first step in initiating a trade dispute with Turkey at the World Trade Organization over its tariffs on imports of...
Business

Turkey, Brazil main buyers of Russian seaborne diesel after EU embargo: report

Turkey and Brazil have been the main importers of Russian seaborne diesel and gas oil since the European Union banned the import of Russian...
Business

Turkey’s anti-inflation steps don’t go far enough, experts warn

Although Turkish inflation slowed in September, it is still out of control, with the government avoiding difficult decisions that could help tackle it, experts...
Business

Data suggest Turkish goods find their way to Israel via Palestine amid trade ban

Data released by the Turkish Exporters Assembly (TİM) shows a dramatic 1,113 percent rise in exports to Palestine in September 2024 compared to the...
Business

Turkish inflation falls less than expected in September to 49.4 percent

Turkish annual inflation slowed less than expected in September to 49.4 percent, official data showed Thursday, a figure that analysts said could disappoint central...
Business

Turkey introduces 10 percent minimum corporate tax to reduce budget gap: report

Turkey will introduce a 10 percent minimum corporate tax for companies starting from 2025 to help narrow its budget deficit, Bloomberg reported. The domestic minimum...
Business

Turkish households see inflation at 71.6 percent in 12 months: report

Turkish households' expectations for annual inflation 12 months ahead stood at 71.6 percent in September, down 1.5 points from a month earlier, Reuters reported...
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