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Russia, Turkey negotiating to renew major gas supply deals: report

Russia and Turkey are negotiating to maintain gas deliveries from Russian energy giant Gazprom as two major pipeline supply contracts near expiration, Bloomberg reported...
Business

Turkey vows tougher action on market manipulation by investment funds

Turkey will impose tougher penalties and new regulations to curb market manipulation by “certain” investment funds, Finance Minister Mehmet Şimşek said Tuesday in a...
Business

Turkey increases non-Russian oil imports after new Western sanctions: report

Turkey’s main oil refineries have begun buying more non-Russian crude following the latest round of Western sanctions on Moscow, two people with direct knowledge...
Business

Turkey’s inflation eases to lowest level since 2021

Inflation in Turkey eased slightly in October, coming in at 32.87 percent -- its lowest figure in nearly four years, official data showed on...
Business

Turkey to reopen Syria trade corridor to Gulf by 2026: minister

Turkey will fully reopen a land trade corridor through Syria to Jordan and the Gulf by 2026, restoring a key commercial route disrupted for...
Business

Lukoil to sell more than 600 gas stations in Turkey after new US sanctions

Russia’s Lukoil announced Monday it will sell its international holdings, including more than 600 gas stations in Turkey, following a new round of US...
Business

Turkey’s central bank cuts key rate by 100 basis points to 39.5 percent

The Turkish Central Bank lowered its benchmark interest rate by 100 basis points to 39.5 percent on Thursday, marking another step in its gradual...
Business

Moody’s warns political tensions could jeopardize Turkey’s economic progress: report

Moody’s Ratings has cautioned that growing political tensions in Turkey could undermine the economic stability achieved since the government’s return to orthodox monetary policies...
Business

UK backs £100 mln export credit support for Ciner Glass days after CEO’s arrest in Turkey probe

The United Kingdom’s export credit agency said on October 7 that it will support approximately £100.5 million in financing tied to Ciner Glass’s new...
Business

Turkey’s central bankers signal slower rate cuts amid inflation worries: report

Senior officials from Turkey’s central bank told foreign investors last week that they are increasingly worried about persistent inflation and may slow the pace...
Business

Turkey raises $2.95 billion in 5G spectrum tender as operators prepare rollout for 2026

Turkey’s long-awaited 5G spectrum tender drew $2.95 billion in winning bids on Thursday, with the country’s top three mobile operators, Turkcell, Türk Telekom and...
Business

Turkish textile industry faces crisis as leading figures warn of production halt

Turkey’s leading textile and ready-to-wear executives have warned that the country’s once-thriving industry is on the brink of collapse, saying government policies, high inflation...
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