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Turkish vehicle sales saw 16-year low in 2019: report

The sale of passenger cars and light commercial vehicles in 2019 declined by 22.9 percent to 479,060 units, the lowest level in the last 16 years,...
Business

Russia begins TurkStream gas flows to eastern Europe

Russia has started European gas deliveries through the new TurkStream pipeline to Turkey, Bulgaria’s Bulgartransgaz said on Sunday, as Moscow looks to reduce shipments via Ukraine,...
Business

Turkish operator says ex-Nissan boss used its jets illegally in escape from Japan

Turkish private aircraft operator MNG Jet said on Friday that its planes were used illegally in the escape from Japan of ex-Nissan boss Carlos Ghosn, adding...
Business

Turkey’s inflation rises slightly more than expected to 11.8 pct: report

Turkey’s annual inflation rate rose slightly more than expected to 11.84 percent in December, official data showed on Friday, ending the year close to a government...
Business

Turkey detains 7 in probe into ex-Nissan chairman’s flight to Lebanon via İstanbul

Turkish authorities have detained seven people as part of an investigation into how former Nissan chairman Carlos Ghosn, who skipped bail in Japan, was able to...
Business

Turkey decides to close 5 thermal power stations: report

Turkey has decided to close five thermal power stations that have not completed necessary installations of filters, Environment Minister Murat Kurum was quoted as...
Business

Cancer-stricken businessman jailed after coup in solitary confinement for 3.5 years

Hacı Boydak, one of the executives of the Kayseri-based Boydak Holding who was jailed following a failed coup in Turkey in July 2016 due to this...
Business

Turkish president unveils domestically produced car project: report

Turkey unveiled prototypes for its “domestic car” project on Friday, as the government announced sweeping incentives to back President Recep Tayyip Erdoğan’s ambition to create a...
Business

Turkey’s national carrier planning to sue Boeing over 737 MAX aircraft: report

Turkish Airlines (THY) is preparing to sue Boeing Co due to uncertainty stemming from the aircraft manufacturer’s failure to provide an adequate explanation regarding the situation...
Business

Turkey’s consumer confidence index drops 1.9 percent in December

Consumer confidence in the Turkish economy dropped 1.9 percent in December to 58.8 after increasing two months in a row, according to the Turkish Statistical Institute...
Business

Arabs own more than 11 million square meters of real estate in Turkey: report

Citizens of predominantly Arab countries own a total of 11,186,792 square meters (120,413,626 square feet) of real estate in Turkey, according to the figures announced by the...
Business

Turkish currency slides to weakest level since May: report

Turkey’s lira slid to its weakest level in daily trade since May on Thursday after the government’s latest heavy-handed effort to curb market volatility exacerbated lingering...
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