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Amazon to invest more than $100 mln in new Turkey logistics base

Amazon.com Inc said on Wednesday it will set up a logistics base in Turkey to meet rising demand, with a more than $100 million...
Business

‘Lira at lowest level, can’t decline further,’ Turkey’s finance minister assures citizens

In an attempt to assure holders of lira deposits that there’s no reason for them to switch to foreign currencies, Turkey’s Treasury and Finance...
Business

UK agrees to record $2.3 billion export finance deal to fund Turkish railway

The United Kingdom said on Thursday it had agreed to its biggest-ever civil infrastructure export finance deal to underwrite a high-speed rail line between...
Business

Erdoğan sacks two vice chairmen at TurkStat

Turkish President Recep Tayyip Erdoğan has fired two vice chairmen at the Turkish Statistical Institute (TurkStat), which is at the center of an ongoing...
Business

Turkish central bank holds rate at 14 percent despite price surge

Turkey's central bank kept its key rate steady at 14 percent for the third straight month on Thursday as expected, sticking to President Recep...
Business

Turkey has no plans to stop buying Russian oil, minister says

Turkish Energy Minister Alparslan Bayraktar said on Tuesday that his country would continue to buy Russian oil, Reuters reported. Turkey relies on Russia for 45...
Business

Turkish lira declines to weakest since December over Ukraine concerns

The Turkish lira declined for a seventh straight day on Wednesday, bringing its losses to more than 5 percent since Russia launched its attack...
Business

Erdoğan’s son-in-law writes book on economy amid claims of poor performance as minister

Berat Albayrak, Turkey’s former finance minister and son-in-law of President Recep Tayyip Erdoğan, has written on a book on economy and energy that will...
Business

Abramovich flew to Ankara, might sell Chelsea FC to Turkish billionaire: report

Russian billionaire Roman Abramovich, the owner of the Chelsea Football Club, flew to Turkey on Wednesday aiming to finalize the sale of Chelsea, according...
Business

Turkey’s inflation surges to 54.4 percent, highest since 2002: official data

Turkey's annual inflation rate in February hit a two-decade high, data from the statistics agency showed Thursday, amid President Recep Tayyip Erdoğan's unorthodox policies...
Business

Former Turkish Airlines boss not to lead Air India: owners

Former Turkish Airlines boss İlker Aycı will not take the helm at newly privatized Air India after all, despite being named the airline's CEO...
Business

Turkey’s economy grew 11 percent in 2021: official data

Turkey's economy grew a powerful 11 percent in 2021 as expected, according to official data on Monday showing it bounced back strongly from the...
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