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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...
Business

Turkey’s central bank raises reserve ratios for lira deposits

Turkey’s central bank has increased reserve requirements for commercial banks, aiming to manage liquidity and maintain financial stability, Bloomberg reported. The reserve requirement for short-term...
Business

Turkey’s central bank keeps interest rates steady for sixth time

Turkey’s central bank on Thursday kept its key interest rate unchanged for the sixth month in a row, with annual inflation recorded at over...
Business

Turkey seals LNG deal with France’s TotalEnergies

Turkey's energy minister on Wednesday announced a 10-year deal to receive liquefied natural gas from French firm TotalEnergies as the country, heavily dependent on...
Business

Turkish gov’t urges patience at home, seeks foreign investment amid cost-of-living crisis

As Turkey grapples with a deepening cost-of-living crisis marked by high inflation and a depreciating currency, the government is calling on citizens to remain...
Business

Turkey secures second credit rating upgrade from Fitch in six months: report

Turkey has received its second credit rating upgrade in six months from Fitch Ratings, highlighting improved external buffers and a significant increase in reserves,...
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