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Rosatom in talks to sell nearly half of Akkuyu nuclear plant stake: report

Russia’s state-owned nuclear power company Rosatom Corp. is in talks to sell a 49 percent stake in the $25 billion power plant it’s building...

Turkey’s exports to Israel hit $393.7 mln in early 2025 despite official embargo

Turkey exported nearly $394 million worth of goods to Israel in the first five months of 2025, despite the government’s announcement last year of...

Turkey’s unemployment rate drops to 8.4 percent in May: TurkStat

Turkey’s unemployment rate dropped to 8.4 percent in May, a 0.2 percentage point decline from April, the state-run Anadolu news agency reported, citing data...

Turkish gov’t signals no midyear minimum wage hike amid economic woes: report

Turkey’s government plans to skip a mid-year increase in the minimum wage, people with knowledge of the matter told Bloomberg, resisting political pressure to...

Ankara steps up efforts against crypto-linked money laundering: report

Turkey is taking steps to prevent the laundering of criminal proceeds from illegal betting and fraud through cryptocurrency transactions, Reuters reported, citing Finance Minister...

European development bank executive to visit Turkey for meetings in quake-hit cities

Matteo Patrone, vice president for banking at the European Bank for Reconstruction and Development (EBRD), will visit Turkey June 22-26, with scheduled stops in...

Business closures up 12 percent in Turkey in first five months of 2025

The number of companies that shut down in Turkey rose by 12 percent in the first five months of 2025 compared to the same...

Turkish motor vehicle production declined by 3 percent year-on-year

Turkey’s motor vehicle production fell by 3 percent in the first five months of 2025 compared to the same period last year, driven by...

Turkey raises strait transit fees for vessels without port calls by 15 percent

Turkey will raise the fees charged to foreign ships transiting the Turkish Straits without making a port call by 15 percent starting July 1,...

Turkey, China renew $4.8 billion currency swap deal, set up yuan clearing system

Turkey and China have renewed a longstanding currency swap deal worth nearly $5 billion and agreed to establish a yuan clearing system in Turkey,...

Russia’s Gazprom drops plan to reroute gas to Europe via Turkey: report

Russia’s state-owned energy giant Gazprom has quietly dropped plans to develop a new gas hub in Turkey, effectively closing off a route that had...

Turkish aviation targeted in India amid boycott over Ankara’s support for Pakistan

India’s civil aviation regulator has approved only a three-month extension for an aircraft leasing agreement between Turkish Airlines (THY) and India’s largest airline, IndiGo,...

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