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According to commercial code, most Turkish firms are bankrupt: commerce chamber head

Ankara Chamber of Commerce President Nurettin Özdebir has argued that according to the Turkish Commercial Code, most Turkish companies are bankrupt because they have...
Business

Skyrocketing sesame seed prices threaten mainstay of Turkish diet, the simit

The simit, a small, circular bread covered with sesame seeds popular in Turkey, is under threat by skyrocketing sesame seed prices, with some producers...
Business

Syrian refugees in Turkey establish 7,243 companies in 7 years

According to a report titled “Companies with Syrian Capital” published by the Economic Policy Research Foundation of Turkey (TEPAV), Syrian refugees in Turkey have...
Business

Fitch: Turkish lira might plunge to 5.5 against the dollar by yearend

According to a new report by global credit rating agency Fitch, the Turkish lira might plunge to 5.5 to the US dollar at end-2018...
Business

Minister: Measures being taken to limit expenses of public administration

Turkey’s newly appointed Treasury and Finance Minister Berat Albayrak said in a press release on Tuesday that measures are being taken to limit the...
Business

Turkish central bank leaves policy rate unchanged, defying expectations

Turkey’s central bank left its policy rate unchanged on Tuesday, bucking market expectations of a hike and sending the lira down sharply in the...
Business

Economists expect Turkey’s central bank to hike interest rates at tomorrow’s meeting

At a scheduled meeting of the Turkish Central Bank’s (TCMB) Monetary Policy Committee tomorrow, following presidential and parliamentary elections last month, economists expect a...
Business

220,000 homes for sale in İstanbul’s hot housing market

A total of 220,771 houses are currently up for sale in İstanbul, one of the world’s fastest growing property markets, with 347,702 already sold...
Business

Senators introduce sanctions bill demanding Turkey end ‘unjust detention of US citizens’

Six US senators introduced bipartisan legislation on Thursday to restrict loans from international financial institutions to Turkey "until the Turkish government ends the unjust...
Business

Central bank poll: Turkish lira will be valued at 4.83 to the dollar at yearend

According to an expectation poll conducted by the Turkish Central Bank, 66 finance experts, executives and professionals predict that the Turkish lira’s value against...
Business

Venezuela refining gold in Turkey after imposition of international sanctions

Venezuela’s central bank this year began refining gold in Turkey following a wave of international sanctions that have left it unwilling to carry out...
Business

Report: Spain’s BBVA tops list of foreign banks exposed to Turkey

Spain’s BBVA is the international lender most exposed to Turkey, deriving a third of its pre-tax profits from a country where the currency is...
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