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Business

Business

World Bank economist expects no recession in Turkey

The World Bank does not expect a recession in Turkey, said Franziska Ohnsorge, manager of the bank’s Development Economic Prospects Group, the state-run Anadolu...
Business

Turkey to investigate whether Google violated competition law: report

Turkey’s competition authority said on Monday it had launched an investigation into whether Internet search engine Google violated the competition law with algorithms it...
Business

Several wealthy Turks obtain Maltese citizenship in 2017

Euronews Turkish service reported on Thursday that several wealthy Turks became citizens of Malta in 2017. The list of people who obtained Maltese citizenship through...
Business

Turkey’s lira slides, hit by global sell-off and central bank worries

Turkey’s lira slid 2 percent more against the dollar on Thursday, swept up in a global market sell-off and investor worries that lower-than-expected inflation...
Business

Turkey’s annual inflation falls to 20.3 percent in December

Turkey’s annual rate of consumer price inflation fell to 20.3 percent last month, according to figures released on Thursday by the Turkish Statistics Institute...
Business

Over 250 people apply for Turkish citizenship after investment requirements eased

More than 250 people have applied for Turkish citizenship since parliament passed a regulation in September easing requirements for citizenship acquisition, the state-run Anadolu...
Business

Turkey’s new minimum wage improves slightly, yet remains one of the lowest in Europe

Turkey’s Minister of Family, Labor and Social Security Zehra Zümrüt Selçuk has announced the official minimum monthly wage at TL 2,558 (€ 423) in...
Business

Turkey’s consumer confidence index declines to global financial crisis levels

According to the latest survey on consumer trends conducted by the Turkish Statistics Institute (TurkStat) and the Central Bank of Turkey, the consumer confidence...
Business

Turkish businessman Uzan wins case against Turkey in France

A French court has ruled in favor of Turkish businessman and former politician Cem Uzan, against whom Turkey filed a case for the confiscation...
Business

Majority of AKP voters think Turkey’s economy is in bad shape: survey

A public opinion survey released on Wednesday by İstanbul Economics Research has revealed that more than half of Turks who voted for the ruling...
Business

Turkey wins appeal at World Trade Organization over US tariffs: minister

Turkey has won its first appeal at the World Trade Organization (WTO) against additional US tariffs imposed on steel imports, Trade Minister Ruhsar Pekcan...
Business

Turkey’s unemployment rate rose to 11.4 percent in September

Turkish unemployment rose to 11.4 percent in September, the country’s statistics authority said on Monday, the Hürriyet Daily News reported. “The number of unemployed persons...
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