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Meltdown of Turkish lira prompts some companies to halt sales

A number of companies including Apple have stopped selling their products in Turkey in response to the plunge of the lira to a record low...
Business

Some Turkish banks begin charging for FX withdrawals: report

Some Turkish banks have begun charging a fee to withdraw foreign currencies in cash, bankers said on Thursday, after a slide in the lira...
Business

Fitch downgrades 12 foreign owned, 2 state banks’ ratings: statement

New York-based Fitch Ratings, one of the big three credit ratings agencies, has downgraded the support-driven Long-Term Foreign Currency Issuer Default Ratings (LTFC IDRs) of 12...
Business

Turkey attracts more than 35 million tourists in first 10 months of 2018

More than 35 million tourists visited Turkey in the first 10 months of 2018, a 22.4 percent increase over the previous year, the Culture...
Business

Head of Turkey’s largest bank says ordinary Turks have nothing to do with foreign currency

The general manager of Turkey’s İşbank, the largest bank in the country, has said ordinary Turks who do not earn their income in US...
Business

Northern Cyprus PM hints at dropping Turkish lira over record value loss

Turkish Republic of Northern Cyprus (KKTC) Prime Minister Tufan Erhürman announced on Tuesday that radical measures for the economy are being considered, hinting that...

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