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ErdoÄŸan pushing cheap credit in local election campaign: report

Turkey’s government is making cheap credit a key part of its campaign, pushing banks to take on greater risks in an economy that’s already...
Business

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...
Business

TV ad for Turkish gaming company removed from air for plagiarism

A commercial that ran on 41 national TV channels for a Turkish mobile gaming company was discontinued after it was discovered to have been...
Business

Gov’t expenditures to please voters will cause economic hardship after election: CHP

The government’s off-budget expenditures aiming to please voters in the first three months of 2019 during an election campaign period will result in serious...
Business

15,000 candidates show up for 60 jobs in Turkey’s Rize province

A total of 15,641 people applied for a job in the Black Sea province of Rize when only 60 positions were available, in a...
Business

THY stops selling tickets for flights from new Ä°stanbul Airport: report

Turkey’s largest airline, Turkish Airlines (THY), has halted the sales of tickets for flights from the newly constructed İstanbul Airport, which has recently begun...
Business

Business representative: Turkish firms can’t get their money from government projects

A business association chairman said on Monday that Turkish firms had not been paid by the government for project contracts they had signed, which...
Business

Housing sales in Turkey dropped by 24.8 percent in January: TurkStat

The Turkish Statistics Institute (TurkStat) has revealed that housing sales on a national scale declined by 24.8 percent in January over the same month...
Business

Twitter suspends account of closed-down pro-Kurdish newspaper

Social media company Twitter has suspended the account of Özgür Gündem, a pro-Kurdish daily that was closed down by a Turkish court in 2016...
Business

Foreign direct investment in Turkey from EU decreased by 14 percent in 2018

The total amount of foreign direct investment (FDI) to Turkey from European Union countries declined by 14 percent in 2018 according to figures released...
Business

Turkey’s unemployment rate rose to 12.3 pct in November: TurkStat

Turkey’s unemployment rate rose to 12.3 percent in November 2018, the country's statistics authority announced on Friday, the Hürriyet Daily News reported. “The number of...
Business

Interest rates will drop in course of economic recovery says Turkey’s finance minister

Turkish Treasury and Finance Minister Berat Albayrak on Friday said interest rates should be decreased and that they would drop with an economic recovery...
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