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Turkey-Qatar free trade deal takes effect, aims to boost economic ties

A comprehensive Trade and Economic Partnership Agreement (TEOA) between Turkey and Qatar entered into force today, marking a new chapter in economic cooperation between...

Turkey to begin supplying Azeri gas to Syria from Saturday: minister

Turkey will start providing natural gas from Azerbaijan to Syria from Saturday, the energy minister said on Wednesday. Syria's Islamist authorities, who toppled Bashar al-Assad...

Moody’s upgrades Turkey’s long-term debt rating

Moody's has raised Turkey's long-term debt rating one notch, from B1 to Ba3, with a stable outlook, though it remains in speculative territory, the...

Public trust in Turkish economy hits new low as speculation mounts over finance minister’s future

Confidence in Turkey’s economic management has plummeted to new lows, according to a recent public opinion survey, amid growing speculation over the possible resignation...

Turkish central bank cuts interest rate to 43 percent

Turkey's central bank on Thursday lowered its key interest rate to 43 percent, with the 300 basis point cut more than expected by analysts. The...

Big Mac Index shows Turkey’s currency overvalued, cost of living nearing US levels

Turkey’s cost of living continues to rise sharply, with the latest Big Mac Index revealing that a McDonald’s Big Mac now costs $5.59 in...

Turkey’s budget deficit reaches $24.3 billion in first half of 2025

Turkey’s central government budget recorded a deficit of 980.5 billion lira ($24.3 billion) in the first six months of 2025, marking a sharp increase...

Turkey fines Google $8.9 mln for non-compliance with competition ruling: report

Turkey’s competition authority has fined Google approximately 355 million lira ($8.87 million) for failing to comply with regulatory requirements tied to a previous antitrust...

Turkey hits gas station chain OPET with TL 131 mln fine for contract abuse

Turkey’s Competition Authority has imposed an administrative fine of TL 131 million ($3.2 million) on the OPET gas station chain for abusing its dealership...

Turkey’s shipbuilding sector faces steep decline as costs rise and orders dry up

Turkey’s ship and yacht exports fell by 61.8 percent in June 2025 to approximately $84 million, marking the sharpest contraction in the industry’s recent...

Turkey announces surprise tax hike to bolster budget, dampens lira demand: report

Turkey raised withholding taxes on lira-denominated deposits and mutual funds, tightening its grip on household savings as it seeks fresh revenue to ease the...

Millions in Turkey get low salary and pension hikes based on disputed inflation figure

Millions of retirees and civil servants in Turkey are set to receive salary and pension increases that many say fall short of meeting the...

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