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IMF lowers Turkey’s growth forecast to 4.2 percent

The International Monetary Fund (IMF) has cut Turkey’s growth forecast by 0.2 percent to 4.2 percent amid concerns about inflation and imbalances and as...
Business

News website blocked after story on elite crewmembers for THY executives

Airporthaber, a Turkish website publishing news on the aviation sector in Turkey, was blocked after it posted a story on Monday about the establishment...
Business

Turkey’s unemployment rate falls to 9.6 pct in April

Turkey’s unemployment rate fell to 9.6 percent in April, dropping 0.9 percentage points year-on-year, the Hürriyet Daily News reported on Monday, citing the Turkish...
Business

[UPDATE] Turkish financial watchdog revokes stock market abuse decision

Turkey's Capital Markets Board (SPK) on Sunday revoked a decision to partially suspend a directive related to insider share trading, which was announced in...
Business

Fitch downgrades Turkey’s already ‘junk’ rating

Ratings agency Fitch on Friday downgraded its already “junk” rating on Turkey’s sovereign debt, citing a widening current account deficit, a jump in inflation...
Business

Improper to speculate on central bank’s independence, says new finance minister

Turkey’s new Treasury and Finance Minister Berat Albayrak has underlined that it is improper to speculate on the central bank's independence and decision-making mechanisms,...
Business

Court gives lengthy prison sentences to Boydak Holding executives

A high criminal court in the Central Anatolian province of Kayseri has handed down prison sentences of up to 18 years to the executives...
Business

Moody’s highlights concern about Turkey central bank independence

Amid debates on new Turkish cabinet appointed by President Recep Tayyip Erdoğan, ratings agency Moody’s highlighted concern about the independence of the Turkish central...
Business

Stocks and bonds slide as Turkish lira approaches 2-week low

Turkey’s stocks and bonds slid for a second day and the lira approached a two-week low amid growing investor unease over President Recep Tayyip...
Business

Current account deficit widens in May to $5.9 bln, central bank announces

Turkey's current account deficit widened by $516 million year-on-year to reach $5.9 billion in May, the state-run Anadolu agency reported on Wednesday, citing the...
Business

President to appoint central bank governor to 4-year term in office

A presidential decree issued on Monday after President Recep Tayyip Erdoğan was sworn in with new executive powers said the president will appoint the...
Business

Clause stipulating 5-year term for Turkey’s central bank governor removed

Turkey removed a clause that stipulated a five-year term for the central bank governor, making the changes in a decree published shortly before President...
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