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THY stops selling tickets for flights from new İstanbul Airport: report

Turkey’s largest airline, Turkish Airlines (THY), has halted the sales of tickets for flights from the newly constructed İstanbul Airport, which has recently begun...
Business

Business representative: Turkish firms can’t get their money from government projects

A business association chairman said on Monday that Turkish firms had not been paid by the government for project contracts they had signed, which...
Business

Housing sales in Turkey dropped by 24.8 percent in January: TurkStat

The Turkish Statistics Institute (TurkStat) has revealed that housing sales on a national scale declined by 24.8 percent in January over the same month...
Business

Twitter suspends account of closed-down pro-Kurdish newspaper

Social media company Twitter has suspended the account of Özgür Gündem, a pro-Kurdish daily that was closed down by a Turkish court in 2016...
Business

Foreign direct investment in Turkey from EU decreased by 14 percent in 2018

The total amount of foreign direct investment (FDI) to Turkey from European Union countries declined by 14 percent in 2018 according to figures released...
Business

Turkey’s unemployment rate rose to 12.3 pct in November: TurkStat

Turkey’s unemployment rate rose to 12.3 percent in November 2018, the country's statistics authority announced on Friday, the Hürriyet Daily News reported. “The number of...
Business

Interest rates will drop in course of economic recovery says Turkey’s finance minister

Turkish Treasury and Finance Minister Berat Albayrak on Friday said interest rates should be decreased and that they would drop with an economic recovery...
Business

Turkey’s industrial production dropped 9.8 pct year-on-year in December

Turkish calendar-adjusted industrial production in December 2018 decreased by 9.8 percent over the same month last year, the Hürriyet Daily News reported, citing the...
Business

Erdoğan says Venezuelan gold will be processed in Turkey

Turkey’s President Recep Tayyip Erdoğan said on Tuesday that Venezuelan gold would be processed in the Central Anatolian province of Çorum. Speaking at a rally...
Business

Unemployment in Turkey rises by 54 percent in last year

According to statistics released by the Turkish Employment Agency (İŞKUR), the unemployment rate in Turkey has increased by 54 percent since January 2018. As of...
Business

Venezuela barters gold for pasta, powdered milk in trade with Turkey: report

Venezuela sells most of its gold to Turkish refineries, then uses some of the proceeds to buy consumer goods such as pasta and powdered...
Business

Turkey kicks off municipality-sponsored sale of produce to fight inflation

Several reports on Monday indicated that the Turkish government has put into practice the sale of fruits and vegetables by municipalities in İstanbul and...
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