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Turkey hikes interest rates but disappoints markets

Turkey's central bank hiked its main interest rate for the second month in a row on Thursday but analysts said the unwinding of President...
Business

Erdoğan signs $50 billion in deals during UAE visit: report

The United Arab Emirates and Turkey on Wednesday signed several deals estimated to be worth $50.7 billion during a visit by President Recep Tayyip...
Business

UK to launch trade negotiations with Turkey to ‘deepen relationship’: report

The UK is set to pursue a new trade deal with Turkey in an effort to deepen relations with the country, British online newspaper...
Business

Turkish lira hits record low ahead of rate decision: report

The Turkish lira weakened more than 2 percent to a fresh record low against the dollar on Tuesday over market concerns that the central...
Business

Saudi Arabia signs deal with Turkey to buy Baykar drones

A Turkish firm will provide drones to Saudi Arabia, Riyadh said Tuesday following a visit by Turkey's President Recep Tayyip Erdoğan that aims to attract...
Business

Finance minister asks public agencies to adhere to cost-saving measures

Finance Minister Mehmet Şimşek said in a circular sent to all public agencies that they should re-evaluate all expenditures, except for earthquake-related expenses, adding...
Business

Erdoğan increases tax on fuel products amid economic challenges in Turkey

Turkish President Recep Tayyip Erdoğan has introduced a significant hike in the Special Consumption Tax (SCT) on fuel products, leading to an increase of TL...
Business

Kosovo buys Turkish Bayraktar drones: report

Kosovo has purchased a batch of Turkish-made Bayraktar drones, its leader said on Sunday, at a time when it faces unrest in the north,...
Business

Canada unfreezes talks with Turkey on export controls after NATO move: report

Canada has unfrozen talks with Turkey on lifting export controls on drone parts after Ankara gave its nod for Sweden to join NATO, a...
Business

Turkey’s unemployment rate falls to 9.5 percent in May: report

Turkey's unemployment rate edged down 0.5 percentage points month-on-month to 9.5 percent in May, Reuters reported on Monday, citing official data, while a seasonally...
Business

Top Turkish officials to discuss ‘economic cooperation’ in Qatar ahead of Erdoğan visit

Turkey's vice president and finance minister will travel to Qatar on Saturday to discuss "economic cooperation opportunities" with leaders there ahead of President Recep...
Business

Turkey hikes VAT rates, consumer loan tax and other fees

Turkey has increased its value-added tax by 2 percentage points in two categories while also raising the tax collected from lending institutions on consumer...
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