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Moscow removes ban on charter flights to Turkey

Following a meeting and phone call between Russian President Vladimir Putin and Turkish President Recep Tayyip Erdoğan, Moscow has lifted restrictions on charter flights...
Business

Fitch revises downward outlook of 15 Turkish lenders on criteria change

Global rating agency Fitch has downgraded the outlook of 15 Turkish banks following a change in its sovereign rating criteria. In a statement on Aug....
Business

40 businessmen in İstanbul arrested over Gülen link

Forty businessmen, including the CEOs of two of Turkey’s biggest holdings, Fikret İnan of Fi Yapı Holding and Fatih Aktaş of Akfa Holding, were...
Business

Third Bosporus bridge to open on Friday

A third bridge that will connect the Asian and European sides of Istanbul will be opened on Friday. The $3 billion Yavuz Sultan Selim Bridge was...
Business

Court orders seizure of all assets of Dumankaya Holding board members

An İstanbul court on Wednesday ordered the seizure of the assets of prominent businessman Halit Dumankaya -- an executive board member of Dumankaya Holding...
Business

Turkey issues decree to seize all Gülen-related companies

Thanks to a new decree issued as part of the state of emergency declared on July 20 following a failed coup, Turkey’s government is...
Business

68-year-old businessman gets arm broken while in jail over Gulen links

The chairman of Turkey’s Naksan Holding, who had been arrested over alleged ties to the Gülen movement, had his arm broken by detention officers, according to...
Business

Former owner of gov’t-seized Zaman daily detained over Gülen links

The former owner of Zaman, Turkey’s biggest selling newspaper before it was seized by the Turkish government, was detained over suspected links to US-based...
Business

Turkey orders asset seizure of ‘Gülen-linked’ businesses

Turkey has ordered the seizure of the assets of 187 businessmen suspected of links to the Hizmet Movement and Fethullah Gülen. Police launched a large-scale...
Business

Massive purges extend to companies and CEOs in Turkey

Turkish police have raided 44 companies and are seeking the arrest of 120 company executives as part of an investigation into last month’s failed...
Business

Official ‘evidence’ of coup in Turkey: $1 bills, GTA IV game codes

Following a failed coup attempt in Turkey on July 15, some 100,000 people have been taken into custody, arrested or purged from their jobs....
Business

Western nations wary of Turkey’s new friendship with Russia

There are plenty of people who welcome the rapprochement between Russia and Turkey: Russian tourists looking for an affordable vacation along Turkey's Mediterranean coast,...
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