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Turkey’s consumer confidence falls to 55.8 points in September

Turkey’s consumer confidence index fell to 55.8 points in September, after rising to 58.3 points in August, data from the Turkish Statistical Institute showed on Friday,...
Business

Bloomberg Turkey reporters seek acquittal over currency crisis article: report

Two Bloomberg reporters and 17 other defendants sought their acquittal on Friday in a trial in which they are charged with spreading false information about Turkey’s...
Business

Turkish economy expected to contract less than predicted, says OECD

Turkey’s economy is expected to contract by 0.3 percent this year, the Organisation for Economic Cooperation and Development (OECD) said in its latest global economic outlook,...
Business

Turkey’s housing sales increase after 7 months of decline: report

Turkish house sales increased 5.1 percent year-on-year in August after seven consecutive months of declines, official data showed on Wednesday, following the central bank’s move in...
Business

Turkish regulator tells banks to write off some $8 bln in bad loans: report

A Turkish regulator on Tuesday told banks to write off 46 billion lira ($8.1 billion) in loans by yearend and set aside loss reserves,...
Business

Turkey’s unemployment rises to 13 percent in June: report

The unemployment rate in Turkey stood at 13 percent in June, according to the country's statistical authority, indicating a year-on-year increase, the state-run Anadolu news agency...
Business

Turkey’s current account posts $1.2 billion year-on-year surplus in July

Turkey’s current account balance posted a $1.2 billion surplus in July, improving from a $2.2 billion deficit in same period of last year, the country’s central...
Business

Turkish Central Bank cuts rates by 325 points to 16.5 percent: report

Turkey’s central bank cut its policy rate by 325 points to 16.5 percent on Thursday, roughly as expected, its second marked policy easing in two months...
Business

Washington-Beijing trade war offers Turkey opportunity to boost trade with US

Turkey sees an opportunity to boost trade with the United States amid Washington’s trade war with Beijing, the Turkish trade minister said on Tuesday, according to...
Business

Turkey will lower interest rates to single digits, Erdoğan says

President Recep Tayyip Erdoğan has said Turkey will soon lower interest rates to single digits and that inflation will follow suit, Bloomberg reported. “We are lowering and...
Business

Turkey stands to lose $3 bln in trade under no-deal Brexit, says trade minister

Turkey’s exports to the UK are expected to drop by up to $3 billion in the event of a no-deal Brexit, Turkish Trade Minister Ruhsar Pekcan...
Business

Contraction in Turkish construction sector to continue despite slight improvement: report

The outlook will remain negative for Turkey’s construction sector in the coming quarters even though new construction orders saw a month-on-month increase in July and August, according...
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