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Turkish unemployment dips to 11.5 percent, underutilization edges up

Turkey's unemployment rate declined to 11.5 percent in September, from 11.8 percent a month earlier, while a seasonally adjusted measure of labor underutilization rose...
Business

Turkey’s state-owned enterprises lost $1.65 billion in 2020: report

Turkey’s state-owned enterprises suffered a loss of TL 16 billion ($1.65 billion) in total in 2020, local media reported on Saturday, citing a recent...
Business

Erdoğan aide denies claims about resignation of finance minister

Fahrettin Altun, communications director for Turkish President Recep Tayyip Erdoğan, has denied media reports suggesting that the country’s finance minister has submitted his resignation...
Business

Erdoğan says Turkey to record double-digit growth this year

Turkey's economy is expected to record double-digit growth in 2021, President Tayyip Erdoğan said on Thursday, higher than a previous government forecast of 9...
Business

Exchange offices across Turkey close temporarily in protest of new regulations

Exchange offices across Turkey temporarily closed their doors to protest amendments recently introduced to regulations concerning their operations, the Birgün daily reported on Thursday. The...
Business

Price hikes in natural gas put more strain on Turkey’s industrial sector

Turkey’s Justice and Development Party (AKP) is under growing criticism for recent price hikes in natural gas for industrial sites and power stations, which...
Business

$128 bln in missing forex reserves used to support Turks during pandemic: AKP MP

A deputy from the ruling Justice and Development Party (AKP) has claimed that $128 billion in forex reserves that were sold from the Turkish...
Business

Central bank increases Turkey’s 2021 inflation forecast as lira weakens

Turkey’s central bank raised its inflation projections for the end of this year with the lira trading just shy of record lows after rate-cut...
Business

Turkey’s Erdoğan pivots to Africa for trade

Turkish President Recep Tayyip Erdoğan enters this weekend's G20 summit in Rome fresh off an African tour aimed at cementing lucrative partnerships during another...
Business

Turkey’s investment, finance offices launch branches in Qatari capital

Turkey's Investment Office and Finance Office have opened branches in the Qatar Financial Center, located in the Qatari capital of Doha, to facilitate the...
Business

Turkish lira slumps to record low after Erdoğan orders expulsions

The Turkish lira dropped to record lows on Monday after Turkish President Recep Tayyip Erdoğan at the weekend ordered the expulsion of the ambassadors...
Business

Turkey placed under money laundering watch

Global money-laundering watchdog the Financial Action Task Force (FATF) placed Turkey under surveillance on Thursday for shortcomings in combatting money laundering and terrorism financing,...
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