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Official notice reveals corruption suspect Zarrab is still financially active in Turkey

An official notice placed in a newspaper by Turkey's Social Security Institution (SGK) shows that a company owned by Iranian-Turkish businessman Reza Zarrab, who...

Turkey’s Wealth Fund debt increased by 81 percent in 2019

Debt accumulated by the Turkey Wealth Fund (TVF) to the banking system increased from TL 75.4 billion ($10.2 billion) in 2018 to TL 136.4...

Most people in Turkey are in debt amid COVID-19 pandemic, survey reveals

A recent report drafted by the Public Services Employees Union of Turkey (Genel-İş), affiliated with the Confederation of Progressive Trade Unions (DİSK), on the...

Turkey pays nearly $3.5 mln of Somalia’s IMF debt: Official Gazette

The Turkish government has settled a part of Somalia’s debt to the International Monetary Fund (IMF) by allocating nearly $3.5 million to a fund...

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...

New İstanbul mayor says municipality’s financial situation is ‘hair raising’

Ekrem İmamoğlu, who was elected the new mayor of İstanbul in a repeat election on June 23, has said the municipality is financially in tatters and...

S&P says NPL ratio in Turkish banking sector to double

Standard and Poor's said on Tuesday that it expects the non-performing loan (NPL) ratio in Turkey's banking sector to double to 8 percent and...

Turkey ready to support its banks if needed, Albayrak says

Turkey is ready to provide required support to its banks should the need arise due to recent developments, Finance Minister Berat Albayrak was quoted...

Foreign direct investment flowing in to Turkey, Şimşek claims

Deputy Prime Minister Mehmet Şimşek appeared on pro-government Kanal 7 TV on Sunday, saying funds from global investors have begun to flow into Turkey...

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