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Israel’s Bank Hapoalim planning sale of share in Turkey’s Bank Pozitif

Israeli lender Bank Hapoalim said it is planning a sale of its holdings in Turkey’s Bank Pozitif. “The bank is examining possibilities for the sale...
Business

Turkey’s only silver refinery calls it quits

Kütahya Eti Gümüş, Turkey’s only silver refinery and the biggest in the Middle East, has halted operations 15 years after its privatization, Turkish media...
Business

Erdoğan: Historic sites in Istanbul to be demolished for reconstruction

Turkish President Recep Tayyip Erdoğan said in a TV interview on Sunday that some of the historic buildings on İstanbul’s famous peninsula will be...
Business

Major construction company to exit İstanbul Airport consortium

Kolin Construction has applied to Turkey’s Competition Authority to relinquish its shares in İGA Havalimanı AŞ, the consortium established for İstanbul’s new airport, the...
Business

Thesis writing for a fee a TL 150 million industry in Turkey: report

Companies that write theses for a fee for graduate and postgraduate students have developed a volume of TL 150 million ($28 million) over the...
Business

Turkey must fix agriculture sector to bring down food inflation: business lobby

Turkish government measures will bring food inflation down temporarily but prices will rise again if structural issues in the agriculture sector are not resolved,...
Business

Turks are dumping lira and hoarding dollars: report

Turkish households and companies that are faced with runaway inflation and near-zero real returns on local-currency deposits have converted $18 billion of their lira...
Business

Erdoğan pushing cheap credit in local election campaign: report

Turkey’s government is making cheap credit a key part of its campaign, pushing banks to take on greater risks in an economy that’s already...
Business

S&P says NPL ratio in Turkish banking sector to double

Standard and Poor's said on Tuesday that it expects the non-performing loan (NPL) ratio in Turkey's banking sector to double to 8 percent and...
Business

TV ad for Turkish gaming company removed from air for plagiarism

A commercial that ran on 41 national TV channels for a Turkish mobile gaming company was discontinued after it was discovered to have been...
Business

Gov’t expenditures to please voters will cause economic hardship after election: CHP

The government’s off-budget expenditures aiming to please voters in the first three months of 2019 during an election campaign period will result in serious...
Business

15,000 candidates show up for 60 jobs in Turkey’s Rize province

A total of 15,641 people applied for a job in the Black Sea province of Rize when only 60 positions were available, in a...
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