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Turkish Central Bank keeps interest rates unchanged

Turkey’s central bank on Wednesday ruled to keep its one-week repo rate -- also known as the policy rate -- constant at 24 percent,...
Business

October unemployment rate is Turkey’s highest in 19 months

The unemployment rate in Turkey increased to a 19-month high of 11.6 percent in October, the Turkish Statistics Institute (TurkStat) said on Tuesday. “The unemployment...
Business

Turkey suspends customs tariffs on onion exports until Feb. 28 as crisis looms

Turkey has suspended customs tariffs on onion exports until Feb. 28 as the country has been experiencing high inflation, particularly in the price of...
Business

Economy is country’s biggest problem according to 35 percent of Turks: survey

A full 35.5 percent of the Turkish public thinks that Turkey’s recent economic deterioration is the most urgent problem facing the country, according to...
Business

Turkish automotive market contracts 35 percent in 2018

Turkey’s automotive market contracted by 35 percent in 2018 over the previous year, according to data released by the Automotive Industry Association (OSD), which...
Business

Turkey’s economic growth in 2018 will exceed expectations: Erdoğan

Once the figures are announced, Turkey's economic growth in 2018 is likely to exceed the forecasts, President Recep Tayyip Erdoğan said on Friday, the...
Business

World Bank economist expects no recession in Turkey

The World Bank does not expect a recession in Turkey, said Franziska Ohnsorge, manager of the bank’s Development Economic Prospects Group, the state-run Anadolu...
Business

Turkey to investigate whether Google violated competition law: report

Turkey’s competition authority said on Monday it had launched an investigation into whether Internet search engine Google violated the competition law with algorithms it...
Business

Several wealthy Turks obtain Maltese citizenship in 2017

Euronews Turkish service reported on Thursday that several wealthy Turks became citizens of Malta in 2017. The list of people who obtained Maltese citizenship through...
Business

Turkey’s lira slides, hit by global sell-off and central bank worries

Turkey’s lira slid 2 percent more against the dollar on Thursday, swept up in a global market sell-off and investor worries that lower-than-expected inflation...
Business

Turkey’s annual inflation falls to 20.3 percent in December

Turkey’s annual rate of consumer price inflation fell to 20.3 percent last month, according to figures released on Thursday by the Turkish Statistics Institute...
Business

Over 250 people apply for Turkish citizenship after investment requirements eased

More than 250 people have applied for Turkish citizenship since parliament passed a regulation in September easing requirements for citizenship acquisition, the state-run Anadolu...
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