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Minting 1 lira coins costs Turkey over 3 lira: lawmaker

The rising price of metals used in the production of coins has pushed the cost of minting Turkey’s 1 lira coin to over 3...
Business

Turkey halves import tax on goods from Turkish Republic of Northern Cyprus

The Turkish government on Tuesday reduced import taxes on goods from the Turkish Republic of Northern Cyprus (KKTC), halving the previous 60 percent rate...
Business

Turkey’s competition board fines Google $75 million

The Turkish Competition Authority fined Google 2.61 billion lira ($75 million), saying the company provided an unfair advantage to its own supply-side platform at...
Business

Minimum wage talks to test Turkey’s inflation-fighting credentials: report

Turkish workers pushing for a solid minimum wage hike to cope with a persistent cost-of-living crisis face a battle in looming wage talks as...
Business

Turkey’s inflation slows to 47.1 percent in November: TurkStat

Turkey's annual inflation rate slowed for the sixth month in a row in November, as the central bank has kept borrowing costs high to...
Business

Turkish manufacturing shows some signs of recovery in November: survey

Turkish factory activity contracted for the eighth month in a row in November with output and new orders moderating, although the sector showed signs...
Business

Turkey’s limit on monthly gold imports fuels smuggling, cripples jewelry workshops

A strict quota on gold imports aimed at reducing Turkey’s trade deficit has triggered a surge in gold smuggling and severely impacted the jewelry...
Business

Turkey in talks with US, Russia for sanctions waiver on energy imports: report

Turkey is in talks with the United States and Russia in an attempt to secure a US sanctions waiver so it can continue paying...
Business

Erdoğan seeks to increase trade with Russia

Turkish President Recep Tayyip Erdoğan said during a telephone call on Sunday with Russian counterpart Vladimir Putin that he wants to expand trade between...
Business

Turkish authorities investigate Mastercard, Visa over alleged anticompetitive practices

The Turkish Competition Board announced on Monday the launch of an investigation into global payment giants Mastercard and Visa over allegations of anti-competitive practices...
Business

Turkey’s central bank again leaves key interest rate unchanged at 50 percent

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

Turkey fines Twitch 2 million lira for data breach

Turkey's Personal Data Protection Board (KVKK) has fined Amazon.com's gaming platform Twitch 2 million lira ($58,000) over a data breach, the state-run Anadolu news...
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