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Economic attack on Turkey planned in foreign capital, Albayrak says

Treasury and Finance Minister Berat Albayrak on Tuesday said an economic attack targeting Turkey was planned in a foreign capital, the Evrensel daily reported. “The...
Business

46.48 percent of Turks think economic crisis caused by attack of foreign powers

A total of 46.48 percent of Turks believe that foreign powers launched an economic attack against the country, while 57.89 percent think that Turkey...
Business

Another appeal against Booking.com ban rejected by Turkish court

A Turkish court of appeals has rejected a renewed appeal filed by Dutch-based online hotel booking platform Booking.com against a ban on its activities...
Business

Turkish lira expected to fall sharply after ‘major policy mistake’: report

The Turkish lira is expected to fall sharply in the coming months because the central bank is failing to target inflation, the Ahval news...
Business

Turkish central bank keeps main interest rate unchanged

The Turkish central bank on Thursday kept its main interest rate unchanged, in line with market expectations after an unexpectedly aggressive hike last month,...
Business

Lira gains 5 percent after Turkish court releases American pastor

The Turkish lira has gained over 5 percent in value against the US dollar since last Friday after the emergence of signs of recovery...
Business

Turkey’s Tüpraş seeking waiver from US for Iran oil sanctions: report

Turkey’s top refiner, Tüpraş, is in talks with US officials to obtain a waiver allowing it to keep buying Iranian oil after Washington reinstates...
Business

Turkey’s unemployment rate rises slightly to 10.8 percent in July

Turkey's unemployment rate stood at 10.8 percent in July, the country's statistics authority announced on Monday. According to the Turkish Statistics Institute (TurkStat), a 0.1...
Business

Turkey posts first current account surplus in 3 years

Turkey has posted its first current account surplus in three years as imports slumped during a severe economic downturn, the Ahval news website reported. The...
Business

Erdoğan signals legislative proposal to transfer CHP shares in İşbank to Treasury

Turkish President Recep Tayyip Erdoğan has said he thinks the opposition Republican People’s Party’s (CHP) shares in İşbank can be transferred to the Treasury...
Business

Turkey to introduce tighter controls, fines for steep price hikes

The Turkish Interior Ministry on Thursday ordered governors across the country to impose tighter controls and fines on those imposing steep price hikes due...
Business

IMF slashes growth forecasts for Turkey, calling for measures to shield economy

The International Monetary Fund (IMF) slashed its growth outlook for Turkey and called for a sweeping mix of measures to shield the economy after...
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