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Turkey’s unemployment rate rises to 9.6 percent in June: TurkStat

Turkey’s unemployment rate rose to 9.6 percent in June, up by 0.1 percentage point from May, the state-run Anadolu news agency reported on Thursday,...
Business

Şimşek says Turkey’s inflation will fall permanently after transitional period: report

Turkey aims to lower soaring inflation permanently after a transitional period where prices remain high, Finance Minister Mehmet Şimşek said on Thursday in an...
Business

Turkey imposes extra charge for some gold imports

Turkey has introduced a 20 percent additional charge for some gold imports, according to a decision published in the Official Gazette early on Tuesday,...
Business

Turkey’s current account likely to record rare surplus in June: report

Turkey's current account is expected to record a rare surplus of $426 million in June due partly to tourism and lower energy bills, a...
Business

Saudi Arabia signs deal with Turkey’s Baykar for local drone production

Saudi Arabia signed a strategic agreement with Turkish defense firm Baykar Tech for the manufacture of drones in the kingdom, Reuters reported, citing state-owned...
Business

Turkey’s competition board fines 16 companies for anti-competitive practices

The Turkish Competition Authority has imposed fines totaling 151.14 million Turkish lira ($5.6 million) on 16 companies for violating competition law through no-poach agreements,...
Business

Turkey’s economic team holds first investor meeting since policy U-turn: report

Turkey's new-look economic team met for the first time with international investors on Friday, with questions over how far it will hike interest rates...
Business

Turkey halts olive oil exports amid rising domestic prices

Turkey's Ministry of Trade has announced the suspension of olive oil exports until Nov. 1, citing the adverse effects on domestic consumer prices caused by increasing...
Business

Continuing conflict in Ukraine prompts Turkish ports to expand amid cargo delays

Turkish ports are facing increasing wait times for cargo ships due to the ongoing conflict in Ukraine, leading local companies in the industrial hub...
Business

Turkey’s foreign trade deficit surged 15.7 percent in July

Turkey’s foreign trade deficit rose 15.7 percent year on year to $12.4 billion in July, with imports climbing 11.1 percent, the Trade Ministry announced...
Business

Turkey curbs credit card use for foreign travel, in blow to sector: report

Turkey's banking watchdog has stopped allowing credit card payments in installments for foreign travel, such as flights, travel agency fees and accommodation, in a...
Business

Turkish manufacturing contracts slightly in July: report

Turkish factory activity dipped slightly in July after growing for six straight months as expansion in new orders and output came to an end...
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