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Turkey cuts key interest rate to 40.5 percent

Turkey’s central bank on Thursday lowered its main interest rate by 2.5 percentage points, a larger cut than expected, as inflation showed signs of...
Business

US energy company signs gas deal with Turkey’s EPİAŞ: report

US-based Argent LNG has signed an agreement to supply 5 million metric tons of liquefied natural gas to Turkey’s state energy exchange, the Energy...
Business

Turkey forecasts 28.5 percent inflation this year, single digits by 2027: report

Turkey’s government on Monday forecast inflation would fall to 28.5 percent this year and to 16 percent in 2026 before dropping to single digits...
Business

Turkish EV maker Togg launches sedan in Germany in bid for sales, profit: report

Turkish electric vehicle startup Togg on Monday unveiled a new sedan and announced plans to launch sales in Europe starting with Germany, aiming to...
Business

İstanbul stocks fall after court removes opposition leaders and inflation exceeds forecasts

Turkey’s main stock exchange fell for a second day after a court removed the İstanbul leadership of the Republican People’s Party (CHP) and appointed...
Business

JPMorgan says Turkey likely to slow rate cuts after inflation surprise: report

Turkey’s central bank is likely to scale back its planned interest rate cuts after inflation in August came in above expectations, JPMorgan said on...
Business

Turkish shoe industry calls for ‘Trump model’ tariffs to counter import surge

The head of Turkey’s footwear industry group urged the government to adopt a “Trump model” trade policy to counter a surge in imports, warning...
Business

Tesla sales soar in Turkey, ranks No. 2 brand in August: report

Tesla sales in Turkey jumped sharply in August, making the US electric carmaker the country’s second best-selling auto brand for the month, Reuters reported...
Business

Turkey’s economy grew 4.8 percent in Q2, exceeding expectations

Turkey’s economy expanded by 4.8 percent in the second quarter of 2025 compared to the same period a year earlier, according to data released...
Business

Turkey denies plan to abolish €30 upper limit that shields small online orders from full import tariffs

Sources at Turkey’s finance and trade ministries have denied reports that the government is preparing to scrap a €30 ($32) duty-free ceiling for cross-border...
Business

Turkey among 10 countries facing US anti-dumping duties on steel imports: report

The United States Commerce Department on Tuesday issued affirmative determinations of anti-dumping and countervailing duties against steel imports from 10 countries, including Turkey, after...
Business

Turkey second only to China in global ranking of top 250 contractors: ministry

Turkey ranks second after China in the number of companies listed in Engineering News-Record’s (ENR) 2025 “Top 250 International Contractors,” the state-run Anadolu news...
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