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38 indicted by Turkish prosecutor for reports, comments critical of Turkey’s economy

A Turkish court accepted an indictment from a prosecutor requesting a jail term of between two and five years for two Bloomberg reporters and 36 other...

Turkey’s banking watchdog imposes settlement delay for forex purchases over $100,000

Turkey’s Banking Regulation and Supervision Agency (BDDK) on Monday imposed a settlement delay for FX purchases by individuals of more than $100,000, a move that could...

Turkey’s banking watchdog launches investigation into JP Morgan after lira stumbles

Turkey’s banking watchdog said it had launched an investigation into JP Morgan and other banks over complaints it received after the lira plunged more than 4...

Turkey’s banking watchdog prevents İş Bankası from distributing net profit

Turkey’s banking watchdog the BDDK has not approved İş Bankası’s application for the cash distribution of its net profit, the bank said late on...

106,167 Turkish small business owners went out of business in 2018: report

According to data provided by the Confederation of Turkish Tradesmen and Craftsmen (TESK), 106,167 small business owners in Turkey closed shop in 2018, the...

Markets still rattled as Turkish lira pulls back from record low

Turkey’s lira pulled back from a record low of 7.24 to the dollar on Monday after the central bank pledged to provide liquidity and...

New presidential decrees redefine public institution authorities in Turkey

President Recep Tayyip Erdoğan has issued nine more presidential decrees making extensive changes to public and autonomous institutions, reinstating the State Theaters (DT) and...

Turkey ready to establish ‘national’ credit agency, BDDK chairman says

Turkey’s Banking Regulation and Supervision Agency (BDDK) Chairman Mehmet Ali Akben said on Friday that they had adopted regulations needed for an “independent and...

Number of Turkish millionaires increases in first quarter

The number of Turkish millionaires totaled 145,989 with the addition of 7,009 more people in the first quarter of 2018. The total deposits of millionaires...

BDDK chairman says Turkey planning to establish national credit rating agency

The head of Turkey’s Banking Regulation and Supervision Agency (BDDK), Mehmet Ali Akben, has said Turkey is in need of a national credit rating...

Key gov’t agencies to be subordinated to Erdoğan

Turkey’s Radio and Television Supreme Council (RTÜK), Savings Deposit Insurance Fund (TMSF), Banking Regulation and Supervision Agency (BDDK) and Capital Markets Board (SPK) will...

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