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Turkish inflation higher than expected at 14.6 percent in December: report

Turkish annual inflation rose more than expected to 14.6 percent in December as food costs jumped, official data showed on Monday, keeping pressure on...
Business

Turkey sets lowest minimum wage in 11 years for its workers in 2021

Turkey's labor minister on Monday announced the net minimum wage for 2021 at TL 2,826 ($377), the lowest figure in in US dollars for...
Business

Report reveals Turkey’s minimum wage workers unable to meet basic needs

A report by the Research Center of the United Metal Workers’ Union (BISAM) has revealed that a minimum wage worker in Turkey is expected...
Business

Turkey posts yet another current account deficit in October

Turkey’s current account remained in deficit for the 11th month in a row amid a deteriorating trade balance, Bloomberg reported. The gap in Turkey’s current-account...
Business

Turkey sees wholesale exit of private assets overseas, says opposition MP

An opposition lawmaker has announced that Turkey saw the biggest decline in private wealth in the world, with a total of 17,100 individuals having...
Business

Thousands of businesses in Ä°stanbul, Ankara halt operations amid COVID-19

A total of 20,000 businesses in Ä°stanbul and 15,000 in the Turkish capital city of Ankara have had to halt operations, some permanently, due...
Business

Turkey’s unemployment slightly down in September, standing at 12.7 percent

Turkey's unemployment rate fell by 1.1 percentage points year-on-year to 12.7 percent in September, the Turkish Statistical Institute (TurkStat) announced on Thursday. The country’s unemployment...
Business

Foreign airlines halting flights to Ä°stanbul due to high airport charges

Already challenged by the serious financial problems caused by the coronavirus pandemic, some foreign airlines are halting their flights to Ä°stanbul due to the...
Business

Turkey sees highest inflation in more than a year at 14 percent

Turkey's annual inflation jumped more than expected to 14.03 percent in November, its highest since August 2019 on the back of the Turkish lira's...
Business

Turkish Justice Ministry expands operations to cope with skyrocketing debt collection, bankruptcy cases

An overwhelming number of debt collection and bankruptcy cases has prompted Turkey's Justice Ministry to lease two multi-story buildings in İstanbul , the Sözcü...
Business

Turkish economy grows 6.7 percent in third quarter after initial virus wave

Turkey’s economy roared to a more-than-expected 6.7 percent growth rate in the third quarter, as a flood of credit helped it rebound from a...
Business

Turkey’s former finance minister Albayrak resigns from Wealth Fund

Former Finance and Treasury Minister Berat Albayrak, a son-in-law to Turkish President Recep Tayyip ErdoÄŸan, has resigned from his position as the deputy chair...
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