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Azeri SOCAR to acquire German EWE’s natural gas business in Turkey

Azeri state energy company SOCAR plans to acquire the energy business of Germany’s EWE in Turkey, marking its entry into the natural gas distribution...
Business

Turkey’s central bank trims 2019 inflation forecast from 15.2 pct to 14.6 pct

Turkey’s central bank cut its 2019 inflation forecast to 14.6 percent from a previous 15.2 percent, bank governor Murat Çetinkaya said on Wednesday, Reuters...
Business

Hunger line reaches minimum wage in Turkey

According to the most recent research on the hunger line in Turkey, in the month of January a family of four had to spend...
Business

Housing sales to foreigners in Turkey increased by 78.3 percent in 2018

Housing sales to foreigners in Turkey grew by 78.3 percent in 2018 compared to 2017, the Diken news website reported on Monday. The number of...
Business

Pamukkale, one of Turkey’s oldest bus companies, goes bankrupt

Pamukkale Turizm, a 56-year-old Turkish coach company, has been declared bankrupt by a court, the Diken news website reported on Thursday. In October Pamukkale had...
Business

Ankara sees no recession, negative growth ahead: finance minister

Turkey’s economic growth has softened but government moves to cut taxes and accelerate the transfer of billions of lira to the Treasury mean Ankara...
Business

Capital outflow from Turkey increases by one-third in 2018: report

As the Turkish government puts in place a series of policies and incentives aimed at boosting foreign direct investment (FDI), considered a way out...
Business

IMF slightly cuts growth forecast for Turkish economy: report

The International Monetary Fund (IMF) slightly cut economic growth expectations for Turkey in the next two years in a newly released report, the T24...
Business

Erdoğan calls on companies to lower prices to help consumers in difficult times

Turkish President Recep Tayyip Erdoğan on Monday called on companies to lower their prices and cut profits if necessary to help consumers through a...
Business

Turkish central bank begins disbursing $6.3 billion profit to shareholders

Turkey’s central bank said on Friday it had begun disbursing dividends worth 33.7 billion Turkish lira ($6.30 billion) to shareholders after moving forward its...
Business

Turkey-Qatar trade hits $2 billion in 2018 as Gulf rift drags on: report

Trade between Qatar and Turkey is expected to have hit $2 billion in 2018, a Turkish official said, up 54 percent from the previous...
Business

Turkey accused of stealing Syrian olives, selling oil as its own

The government of Turkey has been accused of stealing olives from neighboring Syria, pressing them into oil and selling that oil to European Union...
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