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Turks highest-spending tourists in Greek border regions: report

Turkish tourists were the highest-spending foreign tourists in the Greek border regions of East Macedonia and Thrace in the first three quarters of 2019, the Hürriyet Daily...
Business

Turkey’s budget posts deficit of $21 bln in 2019, despite use of legal reserves

Turkey’s central budget showed a deficit of TL 123.7 billion ($21 billion) in 2019, TL 30.8 billion of which was recorded in December, the Diken news...
Business

Turkish religious authority issues fatwa allowing gov’t to take out interest-bearing loans

A new fatwa from Turkey’s top religious authority on Tuesday said the government was allowed to take out loans with interest for its public housing projects,...
Business

Turkish startup receives $40 mln injection from Silicon Valley investor

A Turkish startup offering ultrafast deliveries has secured almost $40 million in funding from a group of investors led by Silicon Valley venture capitalist Michael Moritz, in...
Business

Turkey’s industrial production grew 5.1 percent in November: report

Turkish industrial production picked up pace in November, growing 5.1 percent year-on-year in a third consecutive month of expansion, official data showed on Tuesday, as the...
Business

Turkey stocks trade near record as investors seek riskier assets: report

Turkish stocks continued their rally Monday as a deep discount to emerging-market peers and an improved outlook from the country’s banks enhanced their appeal to investors with...
Business

Turkey says foreign firms interested in controversial Kanal İstanbul project

Dutch, Belgian and French companies are interested in a massive canal project on the edge of İstanbul, Turkish state media cited Transport Minister Cahit Turhan as...
Business

Turkish State Railways (TCDD) suffered $400 mln loss in 2018

The Turkish State Railways (TCDD) suffered a loss of TL 2,558,000 ($426 million) in 2018, TL 863 million more than expected, according to a report from...
Business

Turkish central bank expects lira to be valued at 6.43 against dollar at yearend 2020

Turkey’s central bank has said it expects inflation will be 10.01 percent at the end of 2020, while economic growth will be 3.4 percent and the...
Business

Turkey close to signing deal with Libya over Gaddafi-era compensation: report

Turkey plans to sign by February a preliminary $2.7 billion compensation deal for work carried out in Libya before the 2011 civil war, a sector official...
Business

Turkish unemployment fell to 13.4 percent in October: TurkStat

Turkey's unemployment rate fell to 13.4 percent in October from 13.8 percent a month earlier, data from the Turkish Statistical Institute (TurkStat) showed on Friday, having...
Business

Turkish airline company suspends flights to Europe until March citing financial problems

Turkey’s privately owned Atlasjet Airlines has announced a suspension of flights to Europe until March due to financial troubles, according to Turkish media reports, also saying...
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