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Turkish inflation hits lowest level since November 2021

Turkish inflation eased further in May to 35.4 percent, reaching its lowest level since November 2021, official figures showed Tuesday, paving the way for...
Business

Turkey’s Q1 growth lags behind forecasts at 2 percent: report

Turkey's economy grew 2 percent in the first quarter of the year, official data showed on Friday, falling short of expectations amid a tight...
Business

Syria signs $7 billion energy deal with Qatari, Turkish, US companies

Syria signed a $7 billion energy deal on Thursday with a consortium of Qatari, Turkish and US companies as it seeks to revive its...
Business

Turkey’s textile industry struggles amid rising costs, global competition

Turkey’s textile and apparel industry, long a pillar of the country’s export economy and the world’s fourth-largest textile exporter, is facing one of its...
Business

Turkey to increase energy exports to Syria, minister says

Turkish Energy Minister Alparslan Bayraktar said Thursday in Damascus that his country would ramp up energy exports to Syria to help boost electricity supplies...
Business

Turkey’s central bank keeps year-end inflation forecast at 24 percent

Turkey’s central bank on Thursday kept its year-end inflation forecast unchanged at 24 percent in its second inflation report of 2025, signaling that price...
Business

US company estimates 6.1 billion barrel shale oil reserve in Turkey: minister

US oil producer Continental Resources has estimated that a shale oil reserve in southeastern Turkey’s Diyarbakır Basin may hold as much as 6.1 billion...
Business

Zorlu Holding to cut jobs, sell assets in $4.9 billion debt restructuring

Zorlu Holding, one of Turkey’s largest business groups, has launched a major restructuring plan that includes selling assets and cutting jobs as it works...
Business

3 Italian companies to build $2.1 billion Ankara-İzmir high-speed rail line

Three Italian companies have secured a €2 billion ($2.1 billion) contract to build a high-speed railway line connecting Turkey’s capital of Ankara with its...
Business

2 executives from Turkey’s top business group face new charges over gov’t criticism

İstanbul prosecutors have filed a new indictment against two senior executives of the country’s leading business group after they criticized government policies in a...
Business

Turkey’s annual inflation eases to 37.9 percent

Turkey's annual inflation rate slowed in April for the 11th month in a row, official data showed Monday. Consumer price increases slowed to 37.9 percent,...
Business

Turkey detains 12 in stock market manipulation probe

Turkish authorities have detained 12 suspects for allegedly engaging in manipulative actions involving capital market instruments traded on the equity market of İstanbul’s stock...
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