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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...
Business

Turkey’s industrial production dropped 9.8 pct year-on-year in December

Turkish calendar-adjusted industrial production in December 2018 decreased by 9.8 percent over the same month last year, the Hürriyet Daily News reported, citing the...
Business

Erdoğan says Venezuelan gold will be processed in Turkey

Turkey’s President Recep Tayyip Erdoğan said on Tuesday that Venezuelan gold would be processed in the Central Anatolian province of Çorum. Speaking at a rally...
Business

Unemployment in Turkey rises by 54 percent in last year

According to statistics released by the Turkish Employment Agency (İŞKUR), the unemployment rate in Turkey has increased by 54 percent since January 2018. As of...
Business

Venezuela barters gold for pasta, powdered milk in trade with Turkey: report

Venezuela sells most of its gold to Turkish refineries, then uses some of the proceeds to buy consumer goods such as pasta and powdered...
Business

Turkey kicks off municipality-sponsored sale of produce to fight inflation

Several reports on Monday indicated that the Turkish government has put into practice the sale of fruits and vegetables by municipalities in İstanbul and...
Business

Malta to recruit hundreds of Turkish construction workers: report

Maltese authorities will employ hundreds of Turkish construction workers for major construction projects across the island, the Ahval news website reported on Sunday, citing...
Business

Turkish company helped Venezuela’s Maduro move $900 million in gold: report

By November, when President Donald Trump signed an executive order authorizing sanctions on Venezuelan gold -- after sending an envoy to warn Ankara off...
Business

Turkish municipalities to start selling produce to curb high inflation: minister

Municipalities in metropolitan cities will start selling fruits and vegetables to curb rising inflation in food prices, Turkish Treasury and Finance Minister Berat Albayrak...
Business

Ministry investigating above-normal produce prices in Turkish markets

Turkey’s Ministry of Customs and Trade issued a statement on Wednesday saying they have increased audits to detect and investigate higher than normal produce...
Business

Russia waives visa requirements for Turkish service passport holders, truck drivers

Russia’s president signed a decree on Wednesday to lift visa requirements for Turkish service passport holders and truck drivers travelling to Russia, the state-run...
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