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Business

Turkey’s lira weakens due to investor unease over Syria conflict, coronavirus: report

The Turkish lira weakened 0.8 percent on Monday as investor unease about the conflict in neighboring Syria was amplified by a global flight to safe havens...
Business

Consumer confidence in Turkey dips slightly in February: report

Turkey's consumer confidence index fell to 57.3 points in February from 58.82 the previous month, data from the Turkish Statistical Institute (TurkStat) showed on Thursday, according...
Business

Turkey exempts some EU, UK citizens from visa requirements: report

Turkey has decided to exempt citizens from European Union countries Austria, Belgium, the Netherlands, Spain and Poland as well as the UK from visa requirements for...
Business

Turkey’s central bank continues lowering interest rates with small cut

Turkey's central bank lowered its key interest rate by 50 basis points to 10.75 percent as expected on Wednesday, its sixth consecutive rate cut and the...
Business

Volkswagen once again postpones decision to build plant in Turkey: report

Volkswagen is again postponing its decision on whether to build a plant in Turkey, a source told Reuters on Tuesday, after the company halted the process...
Business

Turkey’s natural gas purchases from Russia dropped by 35.3 pct in 2019: report

Russian gas supplies to Turkey declined by 35.3 percent to 15.51 billion cubic meters (bcm) last year due to a downturn in the Turkish economy, the...
Business

Turkey’s house sales surged by 55.8 percent in January: report

Turkish house sales jumped 55.8 percent year-on-year in January to 113,615 units, the Turkish Statistical Institute (TurkStat) said on Friday, leaping for a third consecutive month...
Business

Transfer of opposition party shares in Turkey’s largest bank back on agenda: report

The proposed transfer of a 28 percent stake in Turkey’s largest listed lender İşbank from the main opposition party to the Treasury was discussed at a...
Business

Turkey’s industrial output climbed 8.6 percent in December: report

Turkish industrial production climbed 8.6 percent year-on-year in December, official data showed on Thursday, exceeding forecasts in the fourth consecutive rise as the economy gathers pace...
Business

Turkish airline Atlasglobal suspending operations: report

Turkish airline Atlasglobal has decided to suspend operations and told its staff not to come to work on Thursday, Reuters reported, citing the aviation sector news website...
Business

Turkish baklava tycoon sentenced to 8 years, 9 months in prison over Gülen links

Faruk Güllü, businessman and the founder of a well-known baklava company  in Turkey, has been sentenced to eight years, nine months in prison over alleged links...
Business

Turkey’s Erdoğan says interest rates will continue to fall

Turkish President Recep Tayyip ErdoÄŸan said on Wednesday that the trend of falling interest rates in Turkey would continue after the central bank more than halved...
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